AXA XL joins forces with insurtech to offer crowdfunding protection insurance

AXA XL is collaborating with Assurely to create a new insurance product for issuers and investors – particularly those engaged in crowdfunding portals. The new CrowdProtector product safeguards new online capital formation strategies, including equity crowdfunding and security token offerings (STOs). Assurely chose to offer the product after realizing that new regulations around equity crowdfunding – especially Regulation Crowdfunding (RegCF) – have made investing in private companies easier for even “Main Street” financiers. The insurtech recognized that the wider investor pool has created an untapped market for investor-issuer coverage. “New economic markets, such as crowdfunding or online capital formation, create great new opportunities for the Main Street investor, but also pose new risks,” said Assurely CEO David Carpentier.