InsurAce
Other · Underwriting · INSUR
InsurAce offers portfolio-level cover across many EVM chains. Policyholders pay premiums into a pooled capital model; INSUR governs parameters and participates in the protocol's risk-sharing design.
Multi-chain portfolio insurance with a capital pool backstop.
Protocol TVL
$131.3K
Latest data · 15 min delay
Research
Components, facts, FAQ, timeline, and tokenomics in one place
Main components (5)
Cover Arm (Insurance Pools)
The underwriting side of the protocol. Capital providers stake assets into underwriting/mining pools that act as liquidity reserves backing cover payouts. Coverage capacity is governed by a Solvency Capital Requirement (SCR) ratio; when pooled capital is insufficient to meet the SCR, INSUR mining rewards for the Cover Arm increase to attract more capital.
Investment Arm
An investment module that deploys idle capital-pool funds into yield-bearing DeFi strategies. Investment yield is fed back to insurers and insurees as an incentive, which is how InsurAce subsidizes its 'ultra-low' premiums relative to pure mutual models.
Cover Products
Actuary-priced cover products across smart-contract/protocol risk, stablecoin de-peg risk, and custodian (CEX) risk. InsurAce was the first to offer cross-chain, portfolio-based covers, letting users insure multiple assets/protocols across chains in a single cover to save on premium and gas.
Decentralized Claims Assessment
Claims are filed on-chain and adjudicated by a community of Claims Assessors who hold and stake INSUR, combined with an advisory board / expert review. Approved claims are paid from the capital pools; this process handled the May 2022 UST de-peg claims.
INSUR Governance Token
Standard ERC-20 governance and incentive token (deployed on Ethereum, with bridged versions e.g. on Polygon). Used for community governance and claim-assessment voting, mining incentives for capital provision, and ecosystem rewards.
Differentiator
Broad multi-chain underwriting footprint with packaged portfolio cover rather than single-protocol mutual membership.
Organizational structure
Units & roles
- Founder & CEO
Oliver Xie
Created InsurAce in 2020; the protocol is headquartered in Singapore. Public-facing founder who has represented InsurAce in interviews on DeFi insurance and smart-contract risk.
- Chief Marketing Officer (CMO)
Dan Thomson
Public spokesperson; provided the official statements on InsurAce's rapid UST de-peg claims response in 2022.
- DAO governance and claims adjudication
INSUR Governance / Claims Assessors
InsurAce operates as a DAO governed by INSUR holders. A community of Claims Assessors who stake INSUR votes on the validity of claims (as used for the 155 UST de-peg claims), supported by an advisory board / expert review.
Investment rounds
Similarity to traditional finance products
How InsurAce maps onto established TradFi structures, and where it diverges.
| TradFi product | Similarity to InsurAce | Key differences |
|---|---|---|
| Specialty / parametric insurance underwriter (e.g. a Lloyd's-style syndicate) | Pools capital from providers to underwrite defined risks (contract failure, de-peg, custodial loss), charges risk-priced premiums, and pays out on validated claims. | Underwriting capital comes from permissionless DeFi liquidity providers rather than licensed insurers/reinsurers; policies are on-chain 'covers' rather than legal insurance contracts; claims are adjudicated by token-holder voting instead of licensed adjusters/regulators; and there is no regulator-backed policyholder protection or capital-adequacy mandate. |
| Mutual insurance company | Risk is shared among members via a mutual/pooled model rather than sold to external shareholders, and members participate in governance and claim decisions. | InsurAce layers an investment arm that deploys pool capital into DeFi yield to subsidize premiums, uses a governance token (INSUR) for voting and incentives, and offers cross-chain portfolio covers — none of which exist in a traditional mutual, which is regulated and holds statutory reserves. |
Data sources
- DeFiLlama - InsurAce protocol page
- Benzinga - InsurAce $12M UST de-peg payout (155 claimants)
- Cointelegraph - InsurAce to pay millions after Terra collapse
- CryptoSlate - Insurance protocols paying out millions to UST holders
- The Defiant - InsurAce raises $3M led by Alameda & HashKey
- Boxmining - InsurAce Protocol overview (seed round, founder, HQ)
- Crowdfund Insider - Oliver Xie founder interview
- OpenCover - InsurAce cover profile (status, chains, audits, claims process)
- DeFiSafety - InsurAce detailed report (audits, SCR model)
- StakingRewards - InsurAce (mainnet April 2021, staking mechanics)
- HTX - INSUR delisting announcement (Feb 18, 2025)
- Etherscan - INSUR token contract
- GitHub - InsurAce-Protocol org
- Bright Union - partnership with InsurAce
- Three Sigma - DeFi insurance guide (InsurAce mutual/two-arm model)