InsurAce Protocol
Insurance Marketplace
Insurance marketplace will allow the users to create their own customized covers and insurance markets for their coverage needs.
The capital provider will then be given the opportunity to bid and assign premiums that they are willing to receive. Once a deal is reached, the capital provider will receive a portion of the upfront premium 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 premium fair range. We then match insurance purchasers 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.
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