A people-powered alternative to insurance
Get covered against smart contract failure & exchange hacks.
SHARED RISK
A blockchain based solution
Nexus Mutual uses the power of Ethereum so people can share risk together without the need for an insurance company.
Smart Contract Cover
Secure risk and potential bugs in smart contract code. Be covered for events like The DAO hack or Parity multi-sig wallet issues.
Mutuals to replace insurance
We are building an alternative risk sharing platform.
In the future we plan to offer crypto wallet cover, as well as more standard products, like earthquake cover
RUN BY MEMBERS
Community Driven
No insurance company. Nexus Mutual is run entirely by its members. Only members can decide which claims are valid. All member decisions are recorded and enforced by smart contracts on the Ethereum public blockchain.
DISCRETIONARY COVER
Smart Contract Cover is not a contract of insurance. Fellow members will decide on claims. Claims payments are enforced by token driven economic incentives rather than placing trust in an insurance company.
LEGAL BACKING
When joining the mutual you become a legal member of a UK company. Your membership rights will be backed by legal agreements. All members will have legal rights to the pool of funds.
MEMBERSHIP
Membership rights are represented by tokens. Tokens can be used to purchase cover as well as participate in claims assessment, underwriting and governance. All funds raised from token purchases belong to members.