PolkaCover x Nsure Network Partnership

PolkaCover partners with Nsure Network, so unique variety of insurance products will be available on PolkaCover marketplace.

Nsure Network is a crypto-insurance platform for Open Finance.

The project borrows the idea of Lloyd’s London, a marketplace to trade insurance risks, where a Dynamic Pricing Model determines premiums given to customers.

PolkaCover platform is a new-gen insurance marketplace that leads with the vision of providing insurance to millions of underserved customers by disrupting the gaps associated with traditional insurance.

As a Pioneering Insurance marketplace, they work to provide user-centric and futuristic insurance covers for customers. Partnering with Nsure Network will expand marketplace by adding its unique variety of insurance products.

With this partnership, they welcome more exciting products onboard to marketplace. This will also include insurance products for the following cases:

• Loss of crypto due to exchange hack
• Stop-loss Insurance against volatile price drops in crypto markets
• Loss of crypto due to a phishing attack
• Loss of crypto due to Wallet Hack
• Loss of crypto due token going bankrupt/project abandoned
• Loss of crypto due to mobile/Laptop/storage damage
• Loss of crypto due to exchange going bankrupt

“We are ecstatic to partner with Nsure Network. The integration is beneficial to our community as it will bring a unique variety of insurance products to the marketplace.” – Kunal Sadani, CEO of PolkaCover

“We are excited to partner with PolkaCover. The integration will help protect both our communities and help build a better risk portfolio; looking forward to fruitful results from the partnership.” – Alex Peng, Co-Founder of Nsure Network

What is PolkaCover?

PolkaCover is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products for the crypto world.

Their platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation blockchain technology and tokenized incentives.

What is Nsure Network?

Nsure Network is a decentralized insurance platform offering a marketplace to trade risk between individuals and entities wishing to outsource their risk exposure to those willing to underwrite them. It is modeled after the Lloyd’s of London marketplace, a global venue for trading risk. Nsure decentralizes and automates the process, allowing anyone to commit their capital and do their part in securing DeFi protocols. A dynamic pricing model determines premiums. Capital mining is implemented to ensure the capital required to back the risks at any point in time.

📰 INFO:

https://polkacover.medium.com/polkacover-partners-with-nsure-network-5556067e78e0