Insurance is a procedure of making individuals financially protected against losses occuring in the event of some damaging accident. Most insurance policies for individuals are homeowners, health, auto and life insurance. There are also insurance policies for businesses and financial institutions against specific types of risks that are inherent in the industry. Insurance is an important institute for the modern world that helps people be more willing to take risks in business by giving them the assurance of protection from various events in daily life. Different technologies may be used to improve the current state of this procedure. Blockchain-based insurance may help validate contracts and blockchain insurance startups are working on smart-contracts for forcing the execution of it’s terms. The blockchain insurance industry is a rapidly-growing segment of the fintech industry and is gathering a lot of attention from investors.
Nexus Mutual is now allowing users to cover their centralized exchange accounts.
DeFi coverage protocol expands protection against centralized exchange hacks
Big changes are coming to DeFi’s second-largest protocol and its $375 million insurance pool
Proposal seeks to overhaul Aave’s $375 million Safety Module
"The fabric of society is frayed," said the former Facebook exec.
Chamath Palihapitiya sees Bitcoin as insurance against uncertainty
Chainlink co-founder Sergey Nazarov explains why a decentralized oracle network is needed to ensure trust in the DeFi ecosystem.
The importance of decentralized oracles: Interview with Sergey Nazarov
Even a nominal investment from insurance firms and pension funds could be significant for Bitcoin.
MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says
Traders and developers are trending towards greater DeFi depositor protections in unison
Origin Dollar compensation plan marks progressing maturation of DeFi space
"That's how shit gets done here," says one team member
Yearn Finance continues acquisition spree with Cover