Our Arsenal: The product pool
One of the most distinctive features of CoverCompared as the world’s first global, DeFi insurance aggregator is the large number of products that users have access to. Being an aggregator, CoverCompared offers products from different insurance providers. The consequence of this is simple yet impactful — the product pool of CoverCompared is mega, not only in terms of meeting a wide range of insurance needs but also offering users multiple product options for a single insurance requirement.
The CoverCompared product pool
What makes us unique is that we have partnered with numerous insurance providers. This has resultantly made the pool of our product offerings much broader than that of an insurance provider, as our marketplace offers multiple insurance options for any particular type of insurance coverage. Consequently, users can browse through different options and select the one that’s best suited to their personal needs.
For instance, if a user is looking to buy coverage for smart contracts, they will have the option to not only choose the exact risk they want to insure against but also will have the option to browse through and compare a variety of products for each risk. As of now, CoverCompared has integrated with InsurAce and Nsure Network, who each provide insurance covers to protect their assets against smart contract vulnerabilities.Hence, if a person is looking to buy an exchange hack cover, they can access CoverCompared to compare, contrast and then buy the best insurance policy that covers exchange hacks suited to their needs. Similarly, even for other covers like health insurance, for instance, users will be able to compare and evaluate different insurance products before making a purchase decision.
While InsurAce and Nsure partnerships deal with the insurance of smart contracts in blockchains, CoverCompared has also partnered with other insurance providers in different industries. For instance, we have partnered with WishingWell, and our marketplace will soon offer medical second opinions to users. Similarly, partnerships have also been acquired with other insurance providers to integrate life insurance, NFT covers, and other DeFi insurance covers onto the CoverCompared marketplace.
The reason behind onboarding so many different partners is to ensure that we offer our CoverCompared community the widest range of products where every possible insurance need can be met on a single platform. The fact of the matter is that CoverCompared offers a vast range of insurance products where users are simply spoilt for choice. The marketplace covers almost every possible insurance need, and the wide range of partnerships and integrations allow users to find insurance covers that are best suited for them. We will soon bring about a newfound era of innovation in the insurance market and give the crypto community access to a vast range of traditional and crypto insurance products.
CoverCompared is the First DeFi insurance marketplace for the global crypto ecosystem. We aim to lower transactional and administrative costs of insurance policies and coverage while providing high-value, cost-effective insurance products bought using a host of cryptocurrencies.
Our platform will be connecting users with multinational insurance providers for all global insurance products such as crypto-related protection, health, life, and travel policies. The platform will include a frictionless insurance marketplace experience that incorporates next-generation block chain technology and tokenized incentives.