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At Nexus Mutual, we know the potential for onchain cover extends far beyond crypto. That’s why we’re partnering with Ensuro, a pioneering blockchain-based (re)insurer, licensed and regulated by the Bermuda Monetary Authority. Ensuro brings innovation to the insurance sector by curating real-world risks and providing stablecoin-denominated capacity through smart contract technology, opening up insurance investment opportunities to new players while fueling innovation for established and emerging insurance partners.
Together, we’re creating a new way to connect onchain capital with real-world risk opportunities.
This partnership leverages Nexus Mutual’s decentralized infrastructure to provide a risk transfer mechanism for Ensuro’s real-world insurance policies. By combining their regulatory experience with Nexus Mutual’s onchain capital, Ensuro is able to underwrite more insurance and transfer that risk to Nexus Mutual stakers.
To satisfy collateral requirements, a liquidity provider deposits capital into Ensuro and purchases coverage from Nexus Mutual for the same amount. Hence, the underlying insurance risk is transferred to Nexus Mutual and the liquidity provider earns a fee.
“We’re always exploring new ways to advance risk management in DeFi,” said Hugh Karp, Founder of Nexus Mutual. “This partnership with Ensuro allows us to redefine how onchain capital engages with real-world risk, creating more opportunities for everyone involved.”
“Working with Nexus Mutual allows us to connect crypto assets with real-world opportunities,” said Marco Mirabella, CEO of Ensuro. “By transferring the risks from our investors to Nexus Mutual, we unlock new potential for sustainable and scalable insurance solutions in markets where policies are hard to place.”
Insurers, underwriters and brokers interested in innovative risk-transfer solutions should reach out to Nexus Mutual today.
