⭐ Merited by Kibit (3)
How do you assess exchanges? 
We developed a scoring model in partnership with Group IB, a well-known company with a long history in cyber security. They are one of the leaders in their field in Eastern Europe. Based on this scoring model, we deemed 24 exchanges and wallets eligible to be insured. Obviously, they are fairly large exchanges with extensive customer bases and high traded values. As for the other exchanges with an unclear level of risk, we have developed a special approach to form an insurance fund at the expense of the exchange, which functions as a franchise. In the event of a loss, this fund will initially be used to cover it, with subsequent indemnification from the insurer. It gives the exchange incentive to ensure stable operation.
Okay.. but who is your target audience?
We estimate there is approximately 3.6 million bitcoins in user accounts on cryptocurrency exchanges. Our customer profile is a man between 26 and 55, who keeps a USD equivalent of up to $50,000 on his cryptocurrency accounts. The risk we cover is exchange collapse, for example, if it were to stop operating due to overwhelming hacker attacks or fraudulent activities on the part of the staff.