Dubai Insurance has launched a crypto-enabled digital wallet allowing policyholders to pay premiums and receive claims settlements in digital assets through a regulated custody partnership with Zodia Custody.
The insurer said the wallet supports both incoming premium payments and outbound claims settlements in crypto while operating within existing regulatory and compliance frameworks in the United Arab Emirates.
Dubai Insurance described the product as the first of its kind in the UAE insurance sector, signalling growing institutional acceptance of digital assets in regulated financial services.
“As digital asset adoption accelerates, insurers need trusted infrastructure that allows policyholders to transact confidently with digital assets,”
Said Zane Suren, managing director for commercial, Middle East and Africa at Zodia Custody.
Founded in 1970, Dubai Insurance provides general and life insurance products across the UAE, although it has not disclosed which digital assets will be supported at launch.
The rollout comes as insurers globally explore crypto-based payments, products and regulatory frameworks, including Bitcoin-denominated insurance offerings and crypto-linked annuities.
Recent moves by firms in the US, Hong Kong and elsewhere suggest digital assets are increasingly being tested within insurance capital, payments and product design under tighter regulatory oversight.
At the time of reporting, Bitcoin price was $88,973.36.