Bridge Mutual Advances Coverage Security with UnoRe
With the level of growth in the crypto space, Bridge Mutual’s ($BMI) risk coverage application becomes even more necessary. Although the strength of risk coverage platforms and products in the crypto space are increasing, there is a lack of attention on reassurance systems. Bridge Mutual is partnering with UnoRe, a decentralized reinsurance platform powered by Polkadot, to build on additional layer of security for the DeFi community.
In the partnership, UnoRe will be offering a Stop Loss Reinsurance Treaty to Bridge Mutual. Theoretically, if there were to be a case of catastrophic loss to Bridge Mutual’s coverage collection, UnoRe will cover the claimed amount beyond a predefined limit (Deductible of a Stop Loss Cover). In return, UnoRe will charge a premium for the Stop Loss Cover for each policy sold by Bridge Mutual.