Over the past several years, cryptocurrency markets are maturing. As more sophisticated players get their feet wet in the emerging ecosystem, the demand for cryptoinsurance solutions is growing.

Investopedia Reports that cryptocurrency insurance is seen as a “big opportunity,” with a spokesman from one of the world’s largest insurers, Allianz (ETR:), saying that the company has explored product and coverage options in the cryptocurrency space as it becomes “more relevant, important and prevalent on the real economy.”