This presentation was given at the Bitcoin MENA conferenace just a few days ago.
Sounds like it is backed by Resolvr, and they are creating a way to get insurance on your self-custody bitcoin stack.
We're not asking you to change custody setup to get insurance, we're bringing regulated coverage providers directly your wallets and custodians.
BDIC coverage provider partners are licensed to issue Bitcoin denominated policies directly to bitcoin holders. The Bitcoin holders, not wallets or custodians, are insured and made whole in the asset that matters.
Coverages include not only loss or theft, but also kidnapping and ransom.
I'm was wondering how they were going to go about insuring self-custody bitcoin while there are such a huge range of ways that people might do it. Seems like the insurer would have to charge insanely high premiums to take on so much risk, but perhaps they are going to work with specific standards.
In the same talk, it was announced that Liana Wallet is their first partner. This makes a lot of sense. Liana has a set of wallet templates that make complicated structures like timelocked recovery keys fairly easy to implement. I can see how an insurer could look at your on-chain addresses, and your spending scripts and could make a determination about how much risk you pose or something like that.