As violent attacks targeting cryptocurrency holders rise, insurance companies are developing new kidnap and ransom (K&R) policies catering specifically to crypto investors. At least three firms are preparing tailored K&R insurance solutions, with plans to launch coverage by fall 2025. This trend comes in the wake of increased incidents, including high-profile kidnappings of crypto executives. Traditional K&R insurance, historically profitable due to its low frequency of claims but high severity, is now seeing renewed interest from wealthy crypto individuals. The pricing for these policies is complex, often factoring in clients' security measures. For example, having personal security can lower insurance premiums. The recent crime landscape highlights the urgency for both personal security services and insurance, as exemplified by incidents in South Korea and high-profile cases in France. The growing awareness of physical threats within the crypto space has prompted many to seek protection against potential abductions.

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