InsurAce

[InsurAce.io](https://www.InsurAce.io) is a decentralized protocol that aims to offer reliable insurance services. The protocol provides decentralized finance ([DeFi](https://coinmarketcap.com/defi/)) assets with flexible and reliable coverage. The claimed benefits for users include low insurance premiums, high return on investment, cross-chain coverage and wallet availability. InsurAce.io is both a DeFi and an insurance protocol. Thus, it has two platforms: insurance and investment. They function in a synergetic manner to provide stable profit to the insured, the insurer and the investor and offer what the platform calls zero-premium insurance. According to the developers, portfolio-based product design and a unique pricing model coupled with sustainable investment returns, allows users to achieve ultra-low premiums that are close to zero Users have the option to remain anonymous, avoiding a [KYC](https://coinmarketcap.com/alexandria/glossary/kyc) process. The idea behind InsurAce is to provide an infrastructure-level DeFi insurance protocol. It was launched in October 2020. The project has received $1 million in backing from funds such as DeFiance Capital, ParaFi Capital, Huobi DeFi Labs, Hashed, Signum Capital and LuneX Ventures. In February 2021, InsurAce raised another $3 million in a strategic round.