Project Eleven and Relm are examining how quantum computing could affect insurance for crypto assets, with a focus on private-key security, custody arrangements and how insurers might identify and price emerging risks. The discussion comes as the industry weighs whether existing security controls and policy terms would account for potential threats to cryptographic systems.
Why quantum computing is on insurers’ radar
Crypto assets rely on cryptography to secure wallets, authorize transactions and control access to funds. Advances in quantum computing could alter the security assumptions behind some established cryptographic algorithms, making private-key management, wallet permissions and transaction signatures potential areas of concern for insurers.
For now, quantum risk is primarily a question about future security, not a confirmed source of widespread crypto asset losses. But the issue extends beyond blockchain projects and trading platforms: custodians, underwriters and institutional investors that need to demonstrate secure asset handling may also be affected.
If risk models do not account for new types of attacks, insurers may need to revisit policy coverage, exclusions and how claims would be assessed. That could matter to both crypto firms seeking coverage and institutions relying on insurance as part of their risk controls.
Relm and Project Eleven assess coverage boundaries
Relm is active in crypto asset insurance, while Project Eleven focuses on risks related to quantum computing. Their exploration centers on how quantum technology could change the way crypto risks are assessed, including which exposures fit within existing cybersecurity coverage and which may require separate policy terms.
Insurers may also need to determine what technical and governance information policyholders should provide. The timing of a potential threat is another consideration: even if it has not caused direct losses, underwriters may need to account for changes in risk during a policy term and assess whether an insured has taken steps such as migrating keys, upgrading cryptographic algorithms or separating assets.
For crypto holders and service providers, clarifying security responsibilities in advance could help define how risks are managed, rather than leaving those questions to be resolved after an incident.
No product terms or launch date disclosed
The available details indicate that Project Eleven and Relm are exploring the relationship between quantum risk and crypto insurance. They have not disclosed policy size, premiums, coverage limits or a formal product launch date. Nor have they identified any blockchain network or crypto asset that has been hit by a quantum attack.
The immediate questions are therefore about risk identification and product design: whether insurers can obtain enough data to assess quantum threats, whether policyholders can demonstrate security upgrades, and how contracts might address a technology event that has not occurred but could affect control of assets.具体承保安排 remains undisclosed.