Ensuro
Hamilton · Founded 2021
About Ensuro
Ensuro is building a decentralized capital provider for insurance risk. We use smart contracts to curate competitive insurance portfolios. We allow anyone to invest in insurance risk and reap its benefits. By opening up the insurance market to new players, we fuel innovation for established and upcoming insurance partners. Ensuro collects money from differentliquidity providers, both retail andinstitutional - under the form of cryptographic stablecoins (i.e., USDC, USDT, BUSD) - in a liquidity pool governed by smart contracts. This capital provides underwriting capacity for MGAs operating in the parametric insurance space.The capital collected in the Liquidity Pool is reinvested into Decentralized Finance Protocols such as Aave (Aave.com) and Compound (Compound.finance). Those protocols have high liquidity, so Ensuro can redeem immediately the funds, and low risk since the loans on the platform are overcollateralized. The returns on investment on AAVE and Compound varies from 2 to 8%, this allow Ensuro to provide a more competitive capacity to MGAs compared to traditional reinsurance companies and give additional returns to the LPs.
Company Facts
- Founded: 2021
- Operating status: Active
- Company type: For Profit
- IPO status: Private
- Employees: 11 – 50
- Estimated revenue: Less than $1M
- Total funding: $380.0K
- Last round: Series Unknown (Jan 2024)
- Website: https://ensuro.co/
- Phone: [email protected]
Industries & Categories
Blockchain, Financial Services, FinTech, Insurance
Social Profiles
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