Oh yes definitely. Just like any other sector Cryptocurrencies too are
e prone to various types of threats such as theft and lost private keys risk. Moreover the advent of hacking is such that not only exchanges get their funds hacked but also face some consequential losses due to it. Last project i saw related to insurance on blockchain was insurepal but I am not quite sure they are working on it anymore just like any other scam ico. But it would be interesting to see how insurance companies try to indemnify the insureds as the chances of the criminals getting caught here is negligible. Moreover as it is an unregulated sector chances of losses are much higher. So premiums would definitely be pretty higher too.

What do you mean by Insurance? I don't think this is possible if you call for personal crypto wallets. If this happens, decentralization is over. But if you mean exchanges, many exchanges have already worked on this.

I don't think insurance is possible in CryptoCurrency. It's hard to say how public careless with online security . I saw someone lost BTC100 btc of greed for 10 Bch! So how does insurance help here?
If the exchanges are covered by insurance then it will be good.

Well, if I were an insurer I would set up the conditions on how the insured should deposit his cryptocurrencies. If they don't take the security measures we agree upon through a contract then our agreement becomes null and he won't get a dime. I would blend the insurance business with the consulting part and create an all-in-one crypto assets management service. Nowadays there are threats all over the internet from entering a website using a phishing link to using an unsecured internet connection. So tight security measures are a must.

I can't really see your logic at work here because, the said player played out of greed and not insured his fund. Public carelessness shouldn't be the responsibility of the insurance  company. The only significant stand should be on the part of the insurance company, if they neglect their responsibility of protecting funds under their custody.
This will possibly help the cryptocurrency industry with a new phase of life and, potential investors maybe welcome.

I don't think insurance can be a big thing for cryptocurrencies personally because the company cannot predict what can happen and what can't .. we see 100% loss instantly , it's not something that can be defined by any policy ;the risk factor is too high therefore am not really sure why would a company provide insurance for this ...
Who knows.. ?

Exchanges don't have a long life so definitely the insurer would suffer huge loses as they won't be getting enough premium to even cover the damages caused by hacks and plus proving it is not an inside job is tough where crypto is concerned. I read about insurance companies charging 5% as premium and insuring upto $250000 but if the exchange gets hacked before 10 years, these companies will be in severe loss and exchanges are always at high risk. Insurance is good to have but when exchanges make sure they maintain high security and cannot be hacked easily while even a big exchange like Binance cannot claim they are secure while having a hot wallet.

Unfortunately, huge amounts of digital money has been stolen until now. Some measures must be taken and I think 'crypto insurance' could be one of them. By means of 'crypto insurance', people won't be a victim of these actions.

looking at the current state of the crypto space, crypto insurance can not really make any significant change or reduce crypto crime. It will be very difficult for an insurance project or platform to restore stolen cryptocurrencies. most of these situation  involve huge amount of funds being stolen and restore or repaying back such funds is not gonna be easy. The best thing that can be done to reduce crypto crime is an improvement of the security nature of exchange platforms and crypto wallet..