PolkaCover Partners With InsurAce

As part of this partnership, Cover Compared users will gain exposure to and be able to purchase InsurAce.io’s premium insurance offerings. Simultaneously, the InsurAce.io community will gain visibility and wider market coverage by being integrated into the Cover Compared marketplace.

This partnership with InsurAce.io will give users access to a one stop shop insurance marketplace where both traditional and crypto insurance products are listed.

InsurAce offers insurance on 70+ different protocols that provide protection against different risks in the cyber space. The insurance offered may broadly be categorised into:

• Smart Contract Vulnerabilities, protecting users’ assets against hacks and bugs.
• IDO Event Risk Coverage, to provide protection against smart contract vulnerability in case of a material loss of the insured crypto assets due to an exploit on an IDO event.
• Custodian Risk of Binance, Coinbase, FTX and Huobi. The custodian risk coverage provides protection against lost funds arising from criminal or fraudulent takings, or appropriation of assets by any person during the cover period on any one of the listed exchanges or wallets.

The benefits however do not stop here. The partnership between Cover Compared and InsurAce.io will enhance operations and optimize user experiences. Apart from the wide range of policies available, our platform will also include an AI based claim management system that will ensure submitted claims are prioritized and dealt with instantly.

About 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 bought using a host of cryptocurrencies.

About InsurAce.io

InsurAce.io Protocol is a Singapore-based DeFi Insurance protocol that has quickly become the second-largest protocol in DeFi insurance. The $INSUR token was released in February 2021, followed by a mainnet launch to the Ethereum Network in April 2021.

InsurAce.io is backed by DeFiance Capital, Parafi Capital, Alameda Research, Hashkey group, Huobi DeFiLabs, Hashed, IOSG, Signum Capital and a dozen of other top funds.