Ensuro
- Company typePrivate
- Founded2021
- HeadquartersHamilton, Bermuda
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Ensuro firmographics
Firmographics- Name
- Ensuro
- Legal name
- Ensuro Re Ltd.
- Website
- https://ensuro.co
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Ensuro industry classification
Industry- Product category
- Decentralized Reinsurance Protocol
- NAICS
- Reinsurance Carriers (524130), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Carriers (5241)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Reinsurance & Risk Transfer Platforms (Placement, Treaty/Fac, ILS Tech) (FSAGAGAH)
- akta.pro secondary industries
- Insurtech-Enabled Brokerage (Digital Brokers & Aggregators) (FSAEADAN), Decentralized Insurance / Coverage Protocols (FSADAMAI), Liquidity Provision & Market Making Protocols (AMMs, concentrated liquidity, LP tooling) (FSAPAEAF), Reinsurance Claims, Accounting & Contract Administration (Broker Services) (FSAOAHAI)
Keywords
Where Ensuro is headquartered
LocationHeadquarters
- HQ city
- Hamilton
- HQ country
- Bermuda
Offices1 record
Markets served
Ensuro business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Underwriting Fee: Ensuro charges up to 10% of the premium capital earned by the pool at the time a risk is underwritten. This is the primary revenue stream from insurance underwriting activity on the platform.
- Yield Management Fee: For eToken pools generating yield from DeFi protocol allocations (e.g., Aave, Compound), Ensuro takes a fee of up to 5% on the yield generated, distributed to eToken holders net of this fee.
- Blockchain Transaction (Gas) Fees: Variable fees paid by users during interactions with smart contracts on the Polygon network, dependent on blockchain congestion. These are pass-through fees paid to the network rather than retained by Ensuro.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Underwriting Fee: Up to 10% of premium capital |
| Transaction based/ take rate | Pay-as-you-go | Yield Distribution Fee: Up to 5% on generated yield |
| Usage-based | Pay-as-you-go | Blockchain Gas Fees: Variable (~$0.01–0.05 per transaction) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Ensuro product offering
Product offeringCore offering
Ensuro operates a decentralized reinsurance protocol built on the Polygon blockchain, enabling Risk Partners (MGAs, insurers, and product builders) to transfer underwriting risk to Liquidity Providers who back policies with capital via eTokens. The protocol issues parametric and traditional reinsurance coverage, distributes premiums and claim payouts on-chain, and offers an off-chain API and embedded product templates (such as cyber warranty programs) for distribution partners.
Product overview
Ensuro is a decentralized (re)insurance platform built on the Polygon blockchain using smart contracts to curate insurance portfolios. The core product is the Ensuro Protocol, which enables two primary user groups: liquidity providers (investors) who purchase eTokens to earn yield from insurance underwriting returns, and risk partners (insurance companies, MGAs) who access reinsurance capacity through the platform. The platform operates via the Ensuro App (user interface), Offchain API (for partner integrations), and Dune Analytics dashboard (for transparency). Ensuro Re Ltd. is licensed by the Bermuda Monetary Authority as a Digital Asset Business Class M and Insurance General Business (IIGB) licensee, providing regulatory backing for all platform operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Ensuro Protocol
- eToken
- Ensuro Offchain API
- Embedded Parametric Cyber Warranty Program
Quantifiable outcome
- 90 policies sold and $90.0M total premium collected
- +3 more outcomes
Companies that use Ensuro
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Ensuro technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
Feature5 records
Ensuro partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Algorithmic Insurance Services (LIRG)coreAlgorithmic Insurance Services (LIRG) provided a $15 million quota-share reinsurance package to DLT Alert for embedded parametric cyber warranty programs. Ensuro participated as a panel reinsurer alongside Ocean Re. LIRG positions this as a solution to coverage gaps created by technology penetration in business relationships that conventional insurance cannot address.
- Ocean RecoreOcean Re provided primary reinsurance capacity alongside Ensuro for DLT Alert's $15M embedded parametric cyber warranty product rollout. Ocean Re serves as a key reinsurance capacity provider in the panel supporting Ensuro's cyber risk products.
- RentennialscorePartnership with Rentennials to make car rental finally stress-free in Latin America through embedded insurance protection built on Ensuro's reinsurance infrastructure. This represents Ensuro's expansion into the Latin American car rental/financial services market segment.
- One Acre Fund and IbisacorePartnership with One Acre Fund (agricultural NGO serving Kenyan smallholder farmers) and Ibisa (parametric insurance platform) to deliver parametric crop protection to Kenyan farmers. Leverages real-time data for rapid claims processing and aims to improve agricultural risk management for underserved farming communities.
- AvatacorePartnership with Avata to open new possibilities for digital asset protection, enabling embedded insurance products for digital asset owners and platforms built on Ensuro's reinsurance infrastructure.
- PolygoncoreEnsuro is built on the Polygon blockchain network. Polygon provides the underlying Layer 2 infrastructure for all Ensuro smart contract operations, eToken transactions, and policy lifecycle management. Justin Havins of Polygon stated pride in Ensuro building its protocol on Polygon, citing blockchain's potential to bring transparency and efficiency to insurance.
- Dante DisparteminorDante Disparte, a recognized expert in blockchain and insurance innovation, has publicly endorsed Ensuro as pioneering blockchain-based insurance for previously uninsurable risks, leveraging Bermuda's regulatory environment.
Scale indicators5 records
Recent moves6 records
Expansion highlights7 records
Ensuro competitors and assessment
Company assessmentDirect peers
- Nexus Mutual: Decentralized insurance mutual on Ethereum providing cover for smart-contract and DeFi risks. Most direct peer to Ensuro in combining on-chain capital with insurance risk, though focused on DeFi-native cover rather than real-world (re)insurance.
- InsurAce: DeFi insurance protocol offering cover across multiple chains. Comparable to Ensuro in using tokenized capital pools to underwrite risk, but oriented toward crypto-asset protection rather than traditional reinsurance lines.
- RiskPool: Blockchain-based reciprocal insurance platform that uses smart contracts to pool and underwrite risk. Closely comparable to Ensuro in tokenized pooling architecture and target of providing alternative risk transfer to underserved lines.
- Bridge Mutual: Decentralized coverage platform allowing users to provide or purchase cover for smart-contract and stablecoin risks. Comparable in using pooled tokenized capital and parametric-style cover, though primarily DeFi-focused rather than real-world reinsurance.
Emerging players
- OpenCover: Decentralized insurance protocol aiming to provide on-chain coverage for DeFi and real-world risks. Comparable in that it bridges on-chain capital with insurance underwriting, with similar risk-module and liquidity-pool mechanics.
- Re Protocol: On-chain reinsurance protocol using tokenized capital pools to back real-world insurance risk. Highly comparable to Ensuro in combining DeFi capital with traditional reinsurance underwriting.
- Coincover: Digital-asset protection and insurance infrastructure provider. Comparable to Ensuro in offering protection products for crypto-asset risks, though Coincover focuses on theft/loss cover and wallet recovery rather than tokenized reinsurance pools.
- Evertune: Parametric insurance platform for travel and event risk using blockchain settlement. Comparable to Ensuro in combining parametric triggers with on-chain execution and B2B distribution to embedded channels.
Broad incumbents
- B3i Services: Blockchain consortium and platform originally founded by major reinsurers (Munich Re, Swiss Re, Allianz). Comparable in applying distributed-ledger technology to reinsurance, though as an industry-rail initiative rather than a tokenized capital pool.
- Lemonade: Public insurtech using AI and behavioral economics to underwrite personal lines. Comparable to Ensuro as a high-profile insurtech, but Lemonade is a direct carrier in consumer P&C lines rather than a reinsurance infrastructure platform.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Ensuro social profiles
Digital presenceEnsuro compliance and trust
Trust signalCompliance3 records
Ensuro financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ensuro leadership team
Management profileNumber of profiles
Profiles5 records
Ensuro funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ensuro M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ensuro
What does Ensuro do?
Ensuro operates a decentralized reinsurance protocol built on the Polygon blockchain, enabling Risk Partners (MGAs, insurers, and product builders) to transfer underwriting risk to Liquidity Providers who back policies with capital via eTokens. The protocol issues parametric and traditional reinsurance coverage, distributes premiums and claim payouts on-chain, and offers an off-chain API and embedded product templates (such as cyber warranty programs) for distribution partners.
Is Ensuro a public or private company?
Ensuro is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ensuro founded?
Ensuro was founded in 2021. It employs 11 to 50 people.
Where is Ensuro based?
Ensuro is headquartered in Hamilton, Bermuda.
How does Ensuro make money?
Three revenue lines are on record. Underwriting Fee is the primary driver. The others are yield Management Fee and blockchain Transaction (Gas) Fees.
Who are Ensuro's main competitors?
Direct peers on record are Nexus Mutual, InsurAce, RiskPool and Bridge Mutual. Emerging players are OpenCover, Re Protocol, Coincover and Evertune. Broad incumbents are B3i Services and Lemonade.
Does Ensuro have an API?
Yes. Ensuro provides an Offchain API system with callback notifications (webhooks) for notifying partners about policy events, enabling asynchronous policy creation and resolution. The Offchain API also includes a Pricing API for policy pricing, creation and resolution, and an Offchain API for querying information about policies and other protocol components. Developer documentation is at docs.ensuro.co/ensuro-docs/offchain-apis/introduction.
What industry is Ensuro in?
Ensuro's product category is Decentralized Reinsurance Protocol. Its primary akta.pro industry code is FSAGAGAH, Reinsurance & Risk Transfer Platforms (Placement, Treaty/Fac, ILS Tech), with a secondary code of FSAEADAN, Insurtech-Enabled Brokerage (Digital Brokers & Aggregators). Its NAICS code is 524130 and its SIC code is 6331.