Relm Insurance – the only insurer dedicated to emerging sectors – and Liva Insurance, a leading insurance provider operating across the GCC, today announced UAE Central Bank approval for their dedicated multi-line insurance solution for WEB3 businesses – SIGMAWEB3, and its tailored version for VARA-regulated companies, SIGMAWEB3 VARA.
This milestone follows the signing of Relm and Liva’s strategic partnership in February 2025, aimed at empowering innovation and entrepreneurship in emerging sectors such as digital assets, biotech and AI.
The UAE Central Bank approval reinforces Relm and Liva’s commitment to deliver tailored insurance solutions that address the unique and complex needs of tech companies in the region. These businesses often struggle to get the right insurance due to a lack of understanding of their industries’ rapidly evolving landscape.
SIGMAWEB3 and SIGMAWEB3 VARA will help create the confidence and resiliency that WEB3 innovators require to tackle complex challenges and seize new opportunities, while meeting the necessary regulatory requirements.
Both products are designed specifically for digital asset companies, blockchain startups, crypto exchanges, and fintech innovators, addressing the unique and complex financial, professional, crime, and cyber exposures inherent in their operations.
SIGMAWEB3 VARA is specifically tailored to meet the requirements of Dubai’s Virtual Asset Regulatory Authority (VARA), ensuring that crypto companies can operate with compliant insurance cover.
“Securing Central Bank approval for SIGMAWEB3 and SIGMAWEB3 VARA is a significant step for brokers and clients in the UAE. This milestone facilitates more comprehensive coverage tailored to the unique risks of the Web3 space. By closing the insurance gap, we’re empowering businesses with the protection they need to innovate confidently in a rapidly evolving market” said Joseph Ziolkowski, CEO of Relm Insurance.
“SIGMAWEB3 and SIGMAWEB3 VARA are a product of Liva Group’s extensive market knowledge and Relm’s deep expertise in specialised insurance. Achieving Central Bank approval not only shows our commitment to supporting the growth and innovation of emerging sectors but also underscores the importance of regulatory collaboration in fostering a secure and thriving digital economy. By partnering with industry leaders such as Relm, we aim to provide our customers with an enhanced product mix that meets their unique needs, while scaling and diversifying our business for the long-term.” Martin Rueegg, Group CEO of Liva Group, stated.
The approval recognises Relm and Liva’s leadership in Web3 insurance and highlights the increasing regulatory acceptance of innovative insurance solutions.
