Introducing Native: Specialist insurance for digital assets businesses
At Native, we’re helping shape the decentralised digital economy of tomorrow.
It’s estimated that around 1% of digital assets are currently insured globally. Compared to 6%-7% of GDP insured, this shows the significance of the underinsurance crisis affecting digital asset businesses and hampering adoption. This gap needs to be addressed if we are to see our vision of a decentralised digital economy become reality.
Backed by the world’s leading onchain insurance alternative, Nexus Mutual, we are on a mission to address the chronic underinsurance problem for digital assets businesses. Led by two digital asset insurance veterans, CEO Ben Davis and CTO Dan Ross, they are joined by renown insurance entrepreneur James Assad who joins them as Chairman. With two decades of combined experience in digital assets insurance, the team has been at the vanguard of groundbreaking insurance innovation for years.
(From left to right: James Asaad - Chairman, Dan Ross - CTO, Ben Davis - CEO)
What makes Native different? We're bringing traditional insurance expertise into the digital age.
We are the first global insurance broker built to bridge traditional, regulated insurance with onchain capital. This allows us to navigate both worlds in order to provide the best coverage available to our clients. We believe ‘onchain’ is the new ‘online’, so we’re giving insurance an upgrade and creating a brokerage fit for purpose for the onchain ecosystem.
In partnership with Nexus Mutual, we have developed an exclusive line of onchain covers with a $20m limit. These include unique crypto-specific covers, such as Slashing cover, as well as traditional covers (such as property and custody) that follow primary, trusted insurers. This fresh, onchain capacity provides businesses with opportunities for enhanced balance sheet protection, outside investment, and the peace of mind needed to scale and drive mass adoption.
Our expertise in traditional insurance markets means we can also offer traditional commercial insurance built specifically for the digital asset industry. Whether it be Directors & Officers’ for a Decentralised Autonomous Organisation or Errors & Omissions for an Exchange, we’ve placed some of the toughest risks in the world and have provided our expertise to the biggest names in the industry.
We’re proud to offer the most flexible insurance experience in the world, allowing our clients to participate in either the traditional insurance world or onchain.
Who can access Native’s onchain and traditional covers?
Our products are designed for any business underserved by the current insurance landscape. Whether you’re working in digital assets or facing large, complex risks in other emerging technologies.
Native isn’t limited to direct clients - insurance brokers can also join the Native Network and access onchain risk transfer products for their clients.
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