NEW RISKS, UNDERSTOOD

INNOVATION. THE HEART OF YOUR BUSINESS. AND OURS.

ENTREPRENEURS ARE COMFORTABLE WITH BREAKING NEW GROUND. THE INSURANCE INDUSTRY, NOT SO MUCH.

RELM is a different type of insurance company. One that is set up to embrace new and emerging business categories. We work with entrepreneurs who are pioneering these new horizons. Operating in this space, they find it difficult to get insurance, which makes it hard for them to advance their business or even trade normally.

DIGITAL ASSET BUSINESS

In the 10 years since Bitcoin was conceived, more than 4,000 additional cryptocurrencies have been created and the value of bitcoin has undergone sometimes wild fluctuations in value. Whatever the growing pains, digital assets are here to stay and are becoming an increasingly important part of the financial system. For the market to fully evolve it needs a comprehensive insurance infrastructure to build confidence and protect investors.

‘Cold storage’ insurance cover first appeared in the London market in 2013. Since then insurance capacity has been patchy, its availability volatile and the costs often outrageously high. ‘Hot’ storage remains almost non-existent. The market needs consistent, long-term capacity at reasonable rates with lower barriers to access.

Relm’s mission is to step into the coverage void and leverage its understanding and expertise of the digital asset market to offer comprehensive and effective cover. Our commitment to the digital asset community is demonstrated by the broad range of cover we offer across the full spectrum of insurance products.

  • Digital Asset insurance
  • Directors and Officers liability
  • Commercial Crime
  • Cyber
  • Professional Liability
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MARIJUANA FARMS

Commercialisation is coming to the cultivation, distribution and sale of marijuana. With legalisation in some jurisdictions and a growing acceptance of the product’s place for medicinal and recreational use across society, the need for responsive insurance solutions is urgent. Relm is pioneering the development of effective cover, wordings and distribution to make access to its insurance product as widely accessible as possible.

The range of risk coverage that producers and sellers of cannabis require is similar to more traditional businesses and therefore a comprehensive offering across the property and casualty suite of risks is needed.

As legitimate marajuna production is a relatively new industry, Relm is working with its brokers and insureds to fully understand the issues and opportunities that the market faces and develop insurance solutions with the necessary flexibility to adapt as the market grows.

  • Directors and Officers liability
  • Commercial Crime
  • Cyber
  • Professional Liability
Contact Us

WHOM WE INSURE

Part of the blockchain ecosystem
Infrastructure Layer
Applications that aim to create an infrastructure layer on which others can develop applications. Public blockchains include Ethereum, EOS, and Nxt, while private blockchains include Ripple, Hyperledger, Chain, and Multichain
Miners
Miners focus on validating transactions, miners must solve a cryptographic puzzle through a guess-and-check method in order to find the proper cryptographic hash for the block.
Privacy and Identity
Services that are focused on developing a self-sovereign identity and ensuring that data of internet users is kept private and personal. Examples include Sovrin, uPort, and Civic.
Money Transactions
There are three different types of tokens: currency, utility, or security tokens. Currency tokens are cryptocurrencies that are used to make financial transactions, (ie. Bitcoin)
Wallets
Wallets are the bank accounts of the crypto world. You can have hot wallets (connected to the internet) or cold wallets (disconnected from the internet).
Exchanges & Trading
Similar to stocks in companies, tokens need to be exchanged so there is a range of centralized and decentralized exchanges. Centralized exchanges have the risk of being hacked, which is not possible with a decentralized exchange.
Industry Applications
Industries use DLT to improve collaboration, enable provenance, speed up transaction settlements, or enable transparency.
Distributed Computing
Distributed systems are a computing paradigm whereby two or more nodes work with each other to achieve a common outcome and it's modeled in such a way that end users see it as a single logical platform.
Distributed Storage
Distributed data storage is especially important when you want to be sure that data can always be accessed, regardless of restriction some countries have. Examples include storj, IPD, FileCoin.
Lending
Through blockchain lending, traditional banking becomes obsolete. Blockchain lending builds on the peer-to-peer model of blockchain and incorporates traditional lending to create a seamless system.
ATMs
These kiosks are exchange platforms which provide a medium for converting cash bills into electronic form. Bitcoin ATM kiosks allow people to insert cash or credit cards in exchange for Bitcoins
NFTs
NFT stands for Non-Fungible Token, it is the digital representation of an asset on a blockchain, a distributed public ledger, documenting all transactions. NFT’s are part of the Ethereum blockchain.
Part of the cannabis ecosystem
Private Equity / Venture Capital
Private Equity and Venture Capital both refer to capital investment made into non-publicly traded companies; Venture Capital usually seeks a quick return while Private Equity set forth investments for the long run.
Cultivation
Cannabis Cultivation can take place either indoor or outdoor, it is the process by which a cannabis plan is produced -it can require optimal temperature, natural or artificial light, water, and necessary nutrients.
CannaTech
CannaTech is globally recognized as the premier cannabis event, to date it offers senior industry leaders, medical, and scientific experts an opportunity to come together to form partnerships and promote innovation.
Pharmaceuticals
Pharmaceuticals are of - or engaged in pharmacy related products, it is any kind of drug used for pharmaceutical purposes.
Manufacturing
CPG items are used daily by average consumers that require routine replacement or replenishment, such as food, beverages, clothes, tobacco, makeup, and household products.
Consumer Packaged Goods
CPG items are used daily by average consumers that require routine replacement or replenishment, such as food, beverages, clothes, tobacco, makeup, and household products.
Asset Management
Asset management refers to the management of investments on behalf of others.
Banking
This term refers to the efforts put forth by the financial services industry to provide banking services to firms that legally grow and/or distribute marijuana.
Distribution
This term is “the procurement, sale, and transport of marijuana and marijuana products between entities licensed pursuant to this division.” In laymen's terms, the distributor is the middleman between manufacturers and retailers.
Infrastructure
Infrastructure is the basic physical and organizational structures and facilities needed for the operation of a society or enterprise.
Wholesale
Buying cannabis seeds in wholesale would simply mean acquiring a massive amount of products at a lower price.
Retailers
Will sell the products for the final customer, which serves as the finishing purpose of cannabis seeds in retail.
Laboratories
Cannabis companies depend on these labs to determine the level of THC in their products or give them a pass with regards to mold, pests or pesticides.