Dubai Insurance, a leading insurer in the UAE, yesterday announced it had launched the first digital wallet for crypto assets in the UAE insurance sector, developed in partnership with Zodia Custody.
The digital wallet enables secure, transparent receipt of premiums and payment of insurance claims in digital assets, marking a major milestone in the sector’s digital transformation and positioning Dubai Insurance as a pioneer in next-generation insurance solutions.
By integrating digital asset capabilities into its insurance operations, Dubai Insurance is also setting a new benchmark for the regional insurance industry and paving the way for more transparent, efficient, and future-ready insurance services.
This move introduces a regulated infrastructure that allows policyholders to seamlessly transact using digital assets, while ensuring the highest standards of security, governance, and transparency. The solution enhances customer experience, streamlines operational processes, and reflects Dubai Insurance’s commitment to innovation in an evolving financial landscape.
“This initiative marks a defining moment for us and the insurance sector in the UAE and the region, with the launch of our first digital asset wallet. We are embracing innovation in line with the UAE’s vision to lead the future of digital finance,” said Dubai Insurance’s CEO, Abdellatif Abuqurah.
He added, “By becoming the first insurance company to enable the receipt of premiums and payment of claims in digital assets through a secure digital wallet, we are redefining how insurance services are delivered while remaining firmly aligned with regulatory and governance frameworks.”
Through its partnership with Zodia Custody, Dubai Insurance benefits from an institutional-grade custody platform underpinned by advanced security architecture and global compliance standards.
Zodia Custody’s Managing Director, Commercial, Middle East and Africa, Zane Suren, said, “As digital asset adoption accelerates, insurers need trusted infrastructure that allows policyholders to transact confidently with digital assets. Through Zodia Custody’s partnership with Dubai Insurance, customers will have institutional-grade custody and controls that help make premium payments and claims settlement in digital assets secure, transparent, and operationally robust.”