InsurAce Protocol

Insure Your DeFi Journey

InsurAce is a decentralized insurance protocol, aiming to provide reliable, robust and carefree DeFi insurance services to the DeFi users, with very low premium and sustainable investment returns. We respect all the DeFi insurance pioneers and do not consider ourselves as a competitor to the existing players, but a necessary complementary role to the immense and expansive DeFi world.






Challenges of Current DeFi Insurance

Product Accessibility

  • High Premium
  • KYC
  • Limited Capacity
  • Coverage of new DeFi protocols
  • Product Diversity
  • Cross-chain Coverage

Underlying Risk

  • Security of Insurance Protocols
  • Concentration Risk
  • Claim Assessment
  • Operation/Credit/Market Risk Evaluation

Capital Efficiency

  • Unsustainable Investment Return
  • Low Reserve Utilization

InsurAce Unique Value Creations

“0” Premium

Portfolio-based product design and unique pricing model to optimize cover cost, together with sustainable investment returns, achieving ultra-low premium close to “0”.

Enriched Product Line

Wallet-based accessibility (No KYC), portfolio-based product design, cross-chain protocols coverage, providing flexible and easily accessible insurance protection to end users.



SRC Mining

The insured, insurer and investors are able to participate in the SCR (Solvency Capital Requirement) liquidity mining to earn the InsurAce Token (INSUR) by staking into the insurance and investment pool. It will drastically increase the capital pool, cover capacity, investable capital and further reduce the insurance premium.

Sustainable return

Except SCR Mining rewards, investors will be able to gain sustainable returns from investment products offered by InsurAce.

ROADMAP & TIMELINE

Oct 2020

  • Product development and testing
  • Close of seed round fundraising

Nov 2020

  • Product development and
    testing
  • PR and community building

Dec 2020

  • Formally launch product v1.0
  • Close of strategic round fundraising

Q1/Q2 2021

  • Continuous developments and
    improvements on product,
    operations and marketing
  • Launch product v2.0 and
    more versions
  • Cross-chain coverages

OUR TEAM

High profile team from tier 1 insurance, blockchain, finance, and enterprise security institutions.

Oliver Xie

Project Founder

  • Former CTO of Asia Pacific Exchange and Head of Digital Asset
  • Specialized in in financial market business and technologies, digital assets and FinTech

Sum Wei

Tech Lead

  • IBM Blockchain senior research engineer and lead security
  • Specialized in enterprise security and blockchain technology
  • 10+yrs with Microsoft and IBM

Leo Sun FIA

Insurance Expert

  • Chief Actuary at tier-1 insurance and reinsurance companies (Aviva, Cigna)
  • 17+ yrs experience specialized in insurance product design, pricing, capital management and InsurTech

Mason Song Ph.D.

Advisor

  • Head of Global Advanced Analytics and Blockchain at tier-1 bank
  • Former Mckinsey partner and IBM researcher in data systems

Kenneth Oh

Advisor

  • Senior Partner of Singapore office of global law firm Dentons.
  • Ranked Band 1 for Fintech Legal by legal directory Chambers & Partners;
  • Over 20 years legal practice experience, including extensive advisor experience in DLT initiatives including token offerings, equity investment, blockchain, digital asset exchanges & OTCs and digital asset funds.

INVESTOR