Soter and Dubai Insurance Launch BTC, ETH Coverage in UAE

Insurance has quietly become one of the biggest bottlenecks in institutional crypto adoption. Custody, trading, and infrastructure have matured rapidly—but coverage has lagged, often stuck in fiat‑only models that don’t align with how digital assets actually behave. A new partnership in the UAE aims to change that.

Soter Insure, a specialist insurer focused on the institutional digital asset ecosystem, announced a strategic partnership with Dubai Insurance P.S.C., one of the UAE’s longest‑established insurance providers. Together, they will offer insurance policies denominated and settled not only in fiat currencies, but also in Bitcoin (BTC) and Ether (ETH)—a first‑of‑its‑kind move in the UAE market.

The collaboration enables coverage solutions that eliminate the asset/liability mismatch inherent in traditional insurance approaches to digital assets, by offering insurance policies denominated and paid out not only in traditional fiat, but in Bitcoin (BTC) and Ether (ETH), as well as removing the digital asset price volatility risk for customers.

That innovative approach ensures that policyholders receive full value protection regardless of digital assets market conditions at the time of a claim, representing a significant advancement in digital asset risk management.

Strengthening Market Leadership

For Dubai Insurance P.S.C., this partnership consolidates its leading role in insuring the UAE’s digital assets ecosystem, building on the company’s established reputation and deep market relationships. The collaboration brings world‑class digital asset insurance expertise to Dubai Insurance’s existing client base while opening new opportunities in this high‑growth sector.

For Soter Insure, the partnership represents a significant expansion of its geographical footprint and reinforces its position as the most innovative insurer in the digital assets space. The UAE’s progressive regulatory environment and thriving digital asset ecosystem make it an ideal market for Soter’s pioneering insurance solutions.

“By combining Soter’s risk engineering with Dubai Insurance’s legacy of trust, we are delivering an insurance architecture that finally speaks the language of the blockchain. Our BTC‑ and ETH‑denominated policies, in addition to traditional Fiat, ensure protection remains in‑kind, removing the risk of market volatility. This partnership ensures the UAE remains one of the world’s premier destinations for secure, institutional‑grade digital finance,” said Henson Orser, Founder and CEO of Soter Insure.

“As the UAE continues to lead the future of digital finance, insurers have an essential role in enabling innovation with trust, security, and strong governance. Our strategic partnership with Soter, reflects our commitment to supporting the nation’s vision through responsible innovation built on sound risk management and regulatory alignment. By becoming one of the first insurers in the UAE and the region to offer crypto asset‑denominated policies, we are helping shape the next chapter of insurance—one that supports the UAE’s vision while delivering lasting value for our customers,” said Abdellatif Abuqurah, CEO of Dubai Insurance P.S.C.

The partnership takes effect immediately, with both companies committed to rapidly deploying comprehensive digital asset insurance solutions across the UAE market.

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