Work in Progress
Cover marketplace will allow the users to create their own customized covers and markets for their coverage needs.
The capital provider will then be given the opportunity to bid and assign cover payments that they are willing to receive. Once a deal is reached, the capital provider will receive a portion of the upfront cover payment paid by the cover buyer while having their capital locked to underwrite the risk.
InsurAce will let participants leverage its risk underwriting tools to automate this process and generate a fair cover payment range. We then match cover buyers and underwriters based on the fair range and will provide a window of opportunity for either party to exit from the terms of the deal.
More details will be provided when this feature is released.