[mardifoufs]

Yeah, they are basically just currently picking the pennies in front of the soon to come steamroller. Though in this case, the "insurer" has basically no regulatory obligations so the owners are probably making out like bandits. If the insurer has no money and no FDIC like scheme to back up any insurer failure, then it's just going to be the "investors" who will get wrecked.

[OrlandoHakim]

As I mentioned in a sister comment, I don’t endorse any of these insurance products as I personally haven’t done the research. Also, as with any insurance product the devil is in the fine print and it pays to understand their ability to payout in a crisis.

That said, this is a fast-moving space with new entrants coming online all the time.

For example I just Learned about Ozone Insurance which claims to be a 100% trustless on-chain insurance plan [0]

[0] https://cointelegraph.com/news/risk-harbor-set-to-take-over-...

[tacon]

"fast-moving space with new entrants coming online all the time" insurance is an oxymoron.