Thomas Shewchuck grew up learning from his parents as they tirelessly grew Shewchuck Insurance into the successful and ‘client-centric’ business it is today. After earning his degree in business marketing from the University of Dayton, he tested the insurance waters as an insurance broker where he found his professional passion. Now Thomas is combing his love for insurance and crypto by helping miners by providing insurance for their hardware and helping high-net-worth families and individuals strategically protect their digital assets. Our conversation begins by diving into what Thomas focuses on within the insurance and the digital asset space. We then go into discussing how Thomas and his family's company analyzes the risk of insuring cryptocurrency miners, insurance products he is excited about within the digital asset space, and how he sees Blockchain technology improving data verification for insurance purposes. Next, we take a look at how the traditional insurance markets view digital assets, how they were affected by COVID-19. Finally, we finish up by talking about the growth of cryptocurrency mining and the real opportunity for insurance companies to impact the space. I really enjoyed this conversation with a true insurance pioneer and expert and hope you will too.
Support & Connect:
• MiningStore - www.miningstore.com
• Aurum Capital Ventures - www.aurumcapitalventures.com
• Twitter - https://twitter.com/jpbaric
• LinkedIn - https://www.linkedin.com/in/johnpaul-baric-6372a764/
• TikTok - https://www.tiktok.com/@jpbaric?lang=en
Connect with Thomas:
• Shewchuck Insurance - https://shewchuck.com/
• LinkedIn - https://www.linkedin.com/in/thomasshewchuck
Show Notes:
(1:09) - (Guest introduction)
(4:54) - What do you focus on within the digital asset risk management space?
(10:00) - How do you analyze the risk of insuring cryptocurrency mining servers?
(15:00) - What insurance products are you excited about in the cryptocurrency/digital asset space?
(25:00) - How do you see blockchain technology with its ability to verify data impacting insurance?
(35:00) - How is the traditional insurance industry thinking about cryptocurrency and how were the insurance markets affected by COVID-19?
(40:00) - Insurance products to cover bitcoin production from a mining machine?
(47:00) - The opportunity insurance plays in the growth of the cryptocurrency mining industry?
(55:00) - (Questions for JP) - Is bitcoin demand ramping up right now?
(58:00) - An update on financing in the crypto mining space?
(60:00) - How is the U.S. advancing in the crypto mining space?
General Podcast Information:
Listen on Spotify: https://open.spotify.com/show/7iAxkMfPHcCwEUShz8Igpl
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/digital-gold/id1539971833
Listen on Amazon Music: https://music.amazon.com/podcasts/8f4d7392-88e7-4526-97ca-f0a1a5dfec83/Digital-Gold
Listen on Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9DcURIN3hxVw%3D%3D