— PolkaCover is a global Defi-Insurance marketplace that will provide several insurance products equipped to safeguard crypto, DeFi & NFT asset users globally. Individuals can use the upcoming marketplace to search, compare and purchase insurance products backed by traditional insurers or through the community governed P2P insurance platform.
PolkaCover was founded by Kunal Sadani in late 2019, and it works towards creating the world’s leading cryptocurrency-friendly insurance purchase and policy issuance marketplace with an aim to be the one-stop-shop for crypto & personal insurance needs.
Kunal Sadani is an insurance veteran with in-depth exposure in and knowledge of the insurtech industry.
Mr. Sadani has worked with multinational insurance companies (AIG and Allianz) in senior leadership roles, building prominent insurance products and partnerships from the ground up in the EMEA region.
He comes from a diverse educational background and has a Masters degree from S.P. Jain Institute of Management with a Bachelors in Information Technology. A testament to his expertise is his career, in which he has built country-level opportunity strategies for organizations that defined their short and long-term growth plans. He was also in charge of product development as well as partnerships for the platform. After heading the retail insurance vertical for PolicyBazaar, he now leads PolkaCover, an innovative global crypto and policy issuance platform that revolutionizes the crypto insurance ecosystem.
PolkaCover is being built on the Polkadot ecosystem, and he intends for it to be the missing link that will connect the crypto community with a unique marketplace that provides them with insurance coverage on their crypto, DeFi & NFT Assets. Insurance protection is an integral part of every financial transaction, and all users deserve to have an option for insurance. The power has to be given back to the people by lowering the transactional and administrative costs associated with insurance policies and coverages while providing high value, cost-effective insurance products for the crypto world.
“We are working hard towards creating a game changing platform that is going to revolutionize how people transact in crypto. Once there is a secure way to transact, it opens the gate to mass adoption.”
Polkacover will connect users & multi-national insurance providers with global insurance products such as crypto-related protection, health, life, education & family insurance plans to start with. PolkaCover will also be working towards adding more products in the longer run. The platform would be providing several tokenized incentives making it up to 40% cheaper than any traditional insurance channel. It also provides global access to purchase insurance products quickly & easily.
The Crypto world is yet to establish an online insurance marketplace. Mr. Sadani successfully identified this opportunity and introduced PolkaCover, which will create a next generation insurance management & aggregation platform to cater to the crypto ecosystem.
Release ID: 89003164