UnoRe has launched a decentralized reinsurance platform in an effort to serve this need. Built on the highly-scalable Polkadot network, the service offers a blockchain-based take on an essential part of the traditional insurance industry: insurance for insurers.
By lowering the barriers to entry for retail investors to trade in reinsurance, UnoRe seeks to democratize the market and create a larger pool of available funds for these products. This will allow existing DeFi insurance platforms to expand their offerings and address a wider network of potential insurees – a network that now includes large enterprises and institutional investment firms.
Co-founder and CEO Jaskanwar Singh is an award-winning health and insurance specialist. He shared his outlook on what the UnoRe platform means for the industry.
“My experience within the sector made it apparent to me how reinsurance as