Nayms operates an on-chain marketplace that facilitates the creation of insurance programs, capital raising, and risk underwriting while providing payment solutions for premiums and claims. This platform addresses the inefficiencies in the traditional insurance industry by enabling the tokenization of insurance assets and access to alternative capital sources within a fully regulated environment.
Funding
$8.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The traditional insurance industry suffers from inefficiencies related to capital raising, risk underwriting, and claims processing, often relying on manual processes and lacking transparency. This can lead to higher costs, slower payouts, and limited access to diverse capital sources.
Solution
Nayms provides an on-chain marketplace designed to streamline insurance program creation, capital acquisition, risk underwriting, and premium/claim payments. The platform enables the tokenization of insurance assets, facilitating access to alternative capital sources within a regulated environment. By operating on a blockchain, Nayms offers increased transparency, automation, and efficiency compared to traditional insurance models. The platform allows insurers to capitalize on-chain balance sheets in cryptocurrency and provides tools for managing crypto-native captives.
Target Audience
Nayms targets insurance carriers seeking to capitalize on-chain balance sheets, alternative capital providers looking for uncorrelated investment opportunities, insurtech brokers aiming to access new underwriting opportunities, and companies interested in setting up digital asset native captives.
Features
- Marketplace for creating insurance programs and trading capital positions.
- Tokenization of insurance assets for efficient administration and trading.
- Support for on-chain balance sheets in cryptocurrency.
- Segregated accounts for setting up crypto-native captives using digital assets.
- Matching market for trading participation tokens based on insurer performance.
- Integration with the Nayms Discretionary Fund (NDF) for extra user protection.
- Compliant environment licensed by the Bermuda Monetary Authority for digital asset business (DABA Class F) and insurance (IIGB).