Anthea

Anthea is a life insurance company licensed in Bermuda, holding a Class ILT innovative insurer licence from the local monetary authority, and it issues policies denominated in ETH. It addresses the lack of life insurance products denominated in the currency that crypto holders actually hold. Premiums, claims and policy loans all settle in crypto, removing a fiat conversion step. Distribution runs through insurance intermediaries in Hong Kong and Singapore, and the first ETH-denominated policy has been issued.

In narrative terms Anthea is an insurer that ports the traditional life actuarial framework onto crypto-denominated assets, and its source of claims-paying ability differs from on-chain mutual protocols: it comes from the capital and reserve requirements placed on a licensed insurer rather than from the size of a pool. Because policies are denominated in ETH, premiums and coverage move with the ETH price, and the amount borrowable against a policy also moves with the collateral price.