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Welcome to the Nexus Mutual Gitbook
Welcome
Overview: Start Here
FAQ
Nexus Mutual: The Basics
Membership
Cover Products
NXM Token
Buying Cover
Holding Cover
Filing a Claim
Claims Assessment
Risk Assessment
Audits and Security
Participation and Governance
Nexus Mutual for Smart Contract Auditors
Glossary & Appendices
Audits and Security
Roadmap
Nexus How-To Guides
How to Participate
How to Buy Cover
How to File a Claim
How to Participate in Nexus Mutual Governance
Nexus Fundamentals
Understanding Nexus Mutual
Types of Cover
Nexus Financials
Risk Assessment
Risk Assessment
Risk Assessment Resources
Claims Assessment
Claims Assessment
Claims History
Nexus Hub
Overview
Mutant Marketing
Nexus Mutant Community
Community Fund
Mutant Meetups
Community Risk Analysis Papers
wNXM and Nexus Wrapper: Community Run Programme
Communication Channels
Social Media Channels
Technical Specifications
Proof of Loss
Deployed Contracts
NXM Token
Partnerships and collaborations
Shield Mining
Get Listed on Nexus
Nexus Style Guides
Branding
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Nexus Mutual: The Basics

Why have you built this?

The concept of insurance comes from communities in the past who pooled their resources to protect each other from the risks they all faced. It works better the more people are in the pool as the numbers become more reliable. But this method isn’t scalable because it is a trust-based system and the network of individuals trusted by everyone in the pool only extends so far. Hence traditional insurance companies emerged.
When Ethereum and smart contracts came along we realised we could apply our insurance industry knowledge to our passion for decentralised technology. We realised we could build a mutual on a platform where individuals only need to trust the system, not everyone in it.
Specifically, we could see a solution to the problem of agency—where an insurer looks after customers' money on their behalf. We also saw the opportunity to make significant cost savings compared to the traditional insurance model. As we’re already in the UK, we have the perfect base to build out this concept due to the existing law around mutuality.
The aim is to provide our members with more simple, transparent, accessible, and affordable financial protection against their risks.

What is Nexus Mutual?

Nexus Mutual is a decentralised alternative to insurance. We’ve used blockchain technology to create a risk sharing pool in the form of a mutual to return the power of insurance to the people. The platform is built on the Ethereum public chain. It allows anyone to become a member and purchase cover. It replaces the idea of a traditional insurance company because it is wholly owned by the members. The model encourages engagement as members will get economic incentives for participating in Risk Assessment, Claims Assessment and Governance.

Where is your community?

We love to hear thoughts and questions from our community members. Our development team and community members are active on the following social media channels:
You can also find more information on the Nexus Mutual website.
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Why have you built this?
What is Nexus Mutual?
Where is your community?