Dubai Insurance Launches UAE’s First Crypto Wallet for Insurance Payments

Dubai Insurance has announced the launch of the first digital wallet for crypto assets in the UAE insurance sector, developed in partnership with Zodia Custody, marking a significant milestone in the industry’s digital transformation.

The initiative enables the secure and transparent receipt of insurance premiums and payment of claims in digital assets, positioning Dubai Insurance at the forefront of next-generation insurance services as digital assets increasingly enter mainstream financial use.

A First-of-Its-Kind Digital Asset Infrastructure for Insurance

The newly launched digital wallet introduces a regulated, institutional-grade infrastructure that allows policyholders to transact using digital assets while maintaining high standards of security, governance, and transparency.

By integrating digital asset capabilities into its operations, Dubai Insurance aims to enhance customer experience, streamline internal processes, and align insurance services with evolving financial behaviors in the UAE.

“This initiative marks a defining moment for us and the insurance sector in the UAE,” said Abdellatif Abuqurah, CEO at Dubai Insurance. “With the launch of our first digital asset wallet, we are embracing innovation in line with the UAE’s vision to lead the future of digital finance.”

Premium Payments and Claims Settlement in Digital Assets

Dubai Insurance becomes the first insurer in the UAE to enable both premium payments and claims settlement in digital assets through a secure digital wallet, while remaining fully aligned with regulatory and governance frameworks.

“As digital assets become part of everyday financial life, we believe insurers have a clear role to play in providing security, strong governance, and confidence in a changing landscape,” Abuqurah added. “This initiative reflects our commitment to innovation built on sound risk management, regulatory alignment, and long-term value.”

The company views the wallet launch as the starting point of a broader digital journey that will continue to shape how insurance services are delivered across the region.

Institutional-Grade Custody Through Zodia Custody

Through its partnership with Zodia Custody, Dubai Insurance leverages an institutional-grade digital asset custody platform, supported by advanced security architecture and global compliance standards.

“Dubai Insurance’s launch of a crypto-enabled digital wallet is a meaningful step forward in bringing digital assets into everyday financial services in the Middle East,” said Zane Suren, Managing Director, Commercial, Middle East and Africa, Zodia Custody. “Insurers need trusted infrastructure that allows policyholders to transact confidently with digital assets, and this partnership delivers exactly that.”

Strengthening the UAE’s Digital Finance Leadership

The launch reinforces the UAE’s position as a global hub for fintech and digital innovation, aligning with national blockchain initiatives, digital economy ambitions, and the country’s progressive approach to financial technology regulation.

By embedding digital asset functionality into core insurance operations, Dubai Insurance is setting a new benchmark for the regional insurance industry, paving the way for more transparent, efficient, and future-ready insurance services.