Have questions? We have lots of answers! Check out our carefully curated FAQ section, designed to help provide you with the right information.
Crypto
Hack attack
The global cryptocurrency market is projected to reach $4.94 billion by 2030, with interest from professional investors as well as in popular culture too thanks to Elon Musk.
As more money flows into the crypto asset market, losses from hacks are on the rise. A thief only has to hack into the private key details to digitally transfer any available cryptocurrency to their own anonymous account.
Cryptocurrency companies have found ways to protect their digital assets from theft and the London insurance market has worked with them to insure losses that do slip through the net. In 2020, the first insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks was launched in London.
Alice Budge
Account Director
Cryptocurrencies are catnip to criminals. A crook only has to hack into the private key details and they can digitally transfer any available cryptocurrency to their own anonymous account...
Read Alice's profile
Cryptocurrencies are catnip to criminals. A crook only has to hack into the private key details and they can digitally transfer any available cryptocurrency to their own anonymous account. More than $1.3bn has been stolen from cryptocurrency exchanges since the first Bitcoin block was mined in 2009. Alice and her colleagues are actively involved in finding ways to reduce the risk to investors.
Alice’s degree in Geography and German at Leeds may not be the obvious place to start a career in financial services. Currently she works for Specialty Risk International, a broker, but in the last 10 years she has built a successful career by taking an entrepreneurial approach to both clients and new products.
“I was about 25 when I realised that I needed to grow by developing my own business area” says Alice. “A lot of business comes from the US so I took a trip to New York and started contacting brokers that might want to send their business to London. Whether it is debt collecting or crypto, the key is to do your homework, be trustworthy and don’t promise what you can’t deliver”.
Crypto insurance is at the cutting edge of product development. It covers the loss, damage, destruction or theft of digital assets in secure premises or in transit or transmission, but there are also risks from someone hacking into the personal data that accompanies it or holding the operators to ransom by attacking the network.
This continual evolution, and the ability to think about how the changing world alters the risks we face is one of the reasons that Alice loves working in the London insurance market. She continues “I have recently been looking at how you can have a crypto key which has three parts – using hot and cold wallets and having a third party to verify the transaction. It is fascinating how crime adapts and then solutions evolve to bolt that door against them.
“You don’t have to be specialist, but being curious and willing to learn are vital to getting the most out of a career in insurance”.
Latest job opportunities
Posted 2 days ago
Legal Trainee Wordings Scheme
London
Full Time
- Law
Posted 2 days ago
Insurance Summer Internship
London
Fixed Term
- Claims Professionals
- Underwriters
- Actuaries
Posted 2 days ago
Finance Technician
London
Full Time
- Finance
Posted 9 days ago
Summer Internship - Operations
London
Fixed Term
Posted 9 days ago
Finance Graduate Programme
London
Full Time
- Finance
Posted 9 days ago
Graduate Programme
London
Full Time
- Underwriters
- Claims Professionals
Posted 9 days ago
Associate Claims Adjuster
London
Full Time
- Claims Professionals
Posted 23 days ago
Actuarial Graduate Trainee Consultant Programme
Reigate
Full Time
- Actuaries
Posted 37 days ago
Data And Analytics Graduate Programme
Swindon
Full Time
- Data Analysts
Posted 9 days ago
Summer Internship - Underwriting
London
Fixed Term
- Underwriters
Posted 9 days ago
Summer Internship - IT Software Engineer
Manchester
Fixed Term
- IT
Posted 23 days ago
Data Scientist Graduate Programme
London
Full Time
- IT
Posted 9 days ago
Summer Internship - Claims
London
Fixed Term
- Claims Professionals
Posted 30 days ago
Underwriting & Claims Operations Apprenticeship
London
Full Time
- Claims Professionals
- Underwriters
Posted 9 days ago
Summer Internship - Finance
London
Fixed Term
- Finance
Posted 37 days ago
General Insurance Actuarial Summer Internship
Birmingham
Fixed Term
- Actuaries
Posted 30 days ago
Data Graduate Programme
London
Full Time
- Finance
- Data Analysts
Posted 9 days ago
IT – Reporting Engineer Summer Internship
London
Fixed Term
- IT
Posted 20 days ago
Analytics Graduate Programme
London
Full Time
- Data Analysts
Posted 15 days ago
Insurance Underwriting Graduate Programme
London
Full Time
- Underwriters
Posted 20 days ago
Actuarial Graduate Programme
London
Full Time
- Actuaries
Posted 15 days ago
Finance Graduate Programme
London
Full Time
- Finance
Posted 15 days ago
Operations Graduate Programme
London
Full Time
- Human Resources
Posted 15 days ago
Actuarial Graduate Programme
London
Full Time
- Actuaries
Posted 37 days ago
Zurich Resilience Solutions (ZRS) Graduate Programme
Remote
Full Time
Posted 37 days ago
Zurich Resilience Solutions (ZRS) Summer Internship
Remote
Fixed Term
Posted 15 days ago
Data Graduate Programme
London
Full Time
- Data Analysts
Posted 37 days ago
Data And Analytics Graduate Programme
London
Full Time
- Data Analysts
Posted 37 days ago
Sustainable Energy (Underwriting) Graduate Development Programme
London
Full Time
- Underwriters
Posted 37 days ago
Sustainable Energy (Underwriting) Internship Programme
London
Fixed Term
- Underwriters
Posted 30 days ago
Technology Apprenticeship Programme
London
Full Time
- IT
Posted 37 days ago
Change & Technology Management Graduate Programme
Swindon
Full Time
- IT
Posted 37 days ago
Business Management Graduate Programme
Swindon
Full Time
- Finance
- Human Resources
Posted 37 days ago
Business Management Graduate Programme
London
Full Time
- Finance
- Human Resources
Posted 37 days ago
Business Management Summer Internship
Swindon
Fixed Term
- Finance
- Human Resources
Posted 30 days ago
Underwriting Graduate Programme
London
Full Time
- Underwriters
Posted 37 days ago
Business Management Summer Internship
London
Fixed Term
- Finance
- Human Resources
Posted 37 days ago
Accounting Industrial Placement Programme
Swindon
Fixed Term
- Finance
Posted 37 days ago
Actuarial Summer Internship
Swindon
Full Time
- Actuaries
Posted 30 days ago
Technology Graduate Programme
London
Full Time
- IT
Posted 30 days ago
Finance Apprenticeship Programme
London
Full Time
- Finance
Posted 37 days ago
Actuarial Industrial Placement Programme
Birmingham
Fixed Term
- Actuaries
Posted 37 days ago
Actuarial Industrial Placement Programme
London
Fixed Term
- Actuaries
Posted 30 days ago
Finance Graduate Programme
London
Full Time
- Finance
Posted 37 days ago
Actuarial Graduate Programme
Birmingham
Full Time
- Actuaries
Posted 30 days ago
Actuarial Graduate Programme
London
Full Time
- Actuaries
Posted 30 days ago
Claims Business Management Graduate Programme
London
Full Time
- Claims Professionals
Posted 30 days ago
Risk & Compliance Graduate Programme
London
Full Time
- Law
- Risk Modellers
Specialty Insurance podcasts
Hosted by Annabel Baker & Grace Starling
