Inmediate is developing a blockchain-based ecosystem for the insurance industry. The platform will connect insurers, customers, and brokers in a platform that will be enabled by smart contracts. The network will be powered by the Digital Insurance Token (DIT).

MediShares is developing a blockchain-based insurance network that will be powered by smart contracts. It will serve as a decentralized marketplace for insurance, where anyone can become an insurer and earn MDS tokens. MediShares was created by the founders of Zhongtopia, the largest mutual aid platform in China, which has over 10 million users.

Nexus Mutual Insurance is an Ethereum-based insurance protocol. It is designed to allow users to create a shared risk pool instead of purchasing an insurance policy from a centralized provider. The platform is powered by the NXM token which provides tokenized membership rights in the risk pool. The NXM token model is intended to encourage user participation is assessing risk and processing claims. The company's first decentralized insurance product is called Smart Contract Cover and provides DeFi investors with insurance to protect against hacks.