The development team of the DeFi insurance protocol Amulet based on Solana collaborated with researchers from Purdue University and Illinois State University to publish an analysis framework report on digital asset risks in top journals of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). The report integrates actuaries' perspectives, providing a detailed overview of digital assets and their associated risks. It offers pricing strategies and practical applications for tail risk management through qualitative analysis and quantitative frameworks such as frequency-severity models and Monte Carlo statistical simulations. This research aims to enhance the insurance industry's understanding, modeling, and management capabilities of digital asset risks, offering more solutions to enhance the security of the digital asset industry.