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FAQs
Nimblr is built on the primitive insurance concept of sharing risk. But, Nimblr is doing so using wildly futuristic tech. All components of the insurance process are decentralized.
This means underwriters, actuaries, claims assessors, appraisers, insureds, and capital providers work in a decentralized environment. Yet, they are paid for their work, rewarded for their participation, and together, as part of the larger Nimblr community, they are building a more robust and secure future.
Um, well - because it is the greatest-est. Duh. OK, OK - more detail:
Decentralization is essential because it removes the intermediary as the “hub” of the insurance system. By doing this, the inefficiency and bloat are drastically reduced, the operating costs are driven down, and the process is much more community-friendly.
Decentralization also creates a more democratized and equitable insurance process by allowing everyone involved to earn rewards and APY.
Nimble is starting with coverage for music equipment, partner insurance programs, and smart contract vulnerability and intelligent contract hacks.
Beyond this, Nimblr is a Decentralized Insurance marketplace. Nimblr is not an insurance company. Nimblr is also not a defi pool of assets guessing how risky the market is. Instead, Nimblr is a first-of-its-kind, innovative market where insureds can purchase cover by working with decentralized underwriters, actuaries, and many other insurance professionals with tremendous efficiency.
So, what will we insure in the future - you name it, we’ll provide access to the coverage.
Nimblr is building the Decentralized Insurance marketplace for the future. Nimblr is a first-of-its-kind, innovative market where insureds can purchase cover by working with decentralized underwriters, actuaries, and many other insurance professionals with tremendous efficiency.
So, what will we insure in the future - you name it, we’ll provide access to the coverage.
As a Decentralized Insurance Marketplace, Nimblr provides the technology for risks to be underwritten, analyzed, and capitalized across a decentralized network. This means that different groups of Nimblrs can come together to create the risk and capital models necessary to insure that risk.
So, Risk Pool as a Service means that Nimblr can provide you with all the pieces you need to build out the coverage you need profitably and equitably. Need to insure your NFT collection? Nimblrs can help. Need to insure your horse? Give the Nimblrs a shot.
Being a “Nimblr” means being part of the global Nimblr community. Maybe you are purchasing insurance, so you are a Nimblr Insured. Perhaps you are working to support risk pools with your limitless breadth of insurance expertise, so you are a Nimblr Underwriter or maybe Nimblr Actuary. Perhaps you are staking into Nimblr risk pools, making you a Nimblr LP.
Whatever kind of Nimblr you are, we love you. And you are essential. We see you, Nimblrs.
Providing liquidity to a risk pool allows LPs access to rewards, increased rewards, APY, and a portion of the premiums paid by the Nimblrs. Also, when you see fit, you can pat yourself on the back to help a group of people equitably find coverage.
Preventing may not be the right way to look at this. Mitigating is better. Mitigating means doing our very best to make fraud as minimal as possible. We can't bubblewrap the Nimblr community against all fraud, but we can build a system that drastically reduces it.
We are building this system using AI/ML + Advanced Data Science + Trust Scores + Staking + Community Involvement + Wallet Interactions + Partnerships [Entersoft, Asset Reality, FBI, Vendible, and more] to ensure that we have done everything possible to mitigate risk.
Nimblr takes security very seriously. We have regular smart contract audits performed with regular penetration testing. We have a CISO relationship that provides updates and security patches regularly. We have partnerships and custody arrangements for our digital assets.
On top of this, we also have layers of capital protection for our members and leverage the same tools we use to mitigate fraud to provide proactive support to our DeFi partners in securing our risk pools.
Yes. Nimblr Risk Pools and the Nimblr Common Reserve will participate in staking funds and generating yield. We will do this through secure partnerships, oversight of the Nimblr Community, and transparent risk management guidelines.
Last modified 2mo ago