Meet Omni Fund,
a different kind of insurance

Simple, affordable insurance run by intelligent software.












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Investors



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DID YOU KNOW?

1/4 of Your Premiums Are Never Paid Out

On average, insurance companies keep 25% of the premiums to cover daily operations. That means for every $4 of your premium, only $3 goes toward covering your stuffs.

On average, each American spends $6,680/year on insurance (some maybe paid for by employers), so 25% means hundreds of billions of dollar spent on insurance companies' own operations.

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A.I + Blockchain

Autonomous Insurance Runs on Zero Cost

To replace a human-run insurance company, you need "trust" and "intelligence". Smart contracts are special softwares that run on the blockchain, and are transparent, irreversible and trustless. These properties allow them to provide the "trust".

These smart contracts "hire" A.I for the intelligence element to help with fraud prevention. Together, A.I algorithms and smart contracts can replace human insurance companies and run "autonomous insurance" at near zero cost.

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A.I + Blockchain

Autonomous Insurance Runs on Zero Cost

To replace a human-run insurance company, you need "trust" and "intelligence". Smart contracts are special softwares that run on the blockchain, and are transparent, irreversible and trustless. These properties allow them to provide the "trust".

These smart contracts "hire" A.I for the intelligence element to help with fraud prevention. Together, A.I algorithms and smart contracts can replace human insurance companies and run "autonomous insurance" at near zero cost.

Not Insurance. Better.

Why Autonomous Insurance?

Low Premium

By cutting out human organizations as middlemen, premium is lower.

Fast Payout

Computers are faster than people. Claims can be processed in seconds.

Build Your Own

Create a trustless crowdfunded insurance with Omni Fund.

Live. You can apply today.

Income Protection Plan for Uber/Lyft Drivers

Covers Uber/Lyft Drivers' cost of living when their vehicles are in repair shops after an accident. At $1 per day.

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The Best iPhone Screen Insurance.

iPhone Screen Protection Plan (SF Bay Area only)

Starting at $30/year, the plan covers the cost of repair of broken iPhone screens.

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Waitlist. Opens soon.

Ads Revenue Protecion Plan for Website Owners

Covers 80% of the loss of Ads revenue due to webserver downtime.

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Oh, and one more thing.
Ever Thought About Launching an Insurance?

  • 1
    Describe Your Idea

    Explain in English what the product would cover, who are eligibile, payout conditions and premium/payout amount, using this link.

  • 2
    Invite Others

    Every new fund will start with a waitlist. Once enough people sign up for it, the fund goes live. Having more people in the fund means it's more secure for everyone.

  • 3
    Enjoy a peace of mind (and extra income) !

    Once the fund goes live, everyone is covered by it. You can opt to receive a small portion of the premium as reward for starting the fund.

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FAQ

Frequently Asked Questions

So what is an "autonomous insurance"?

Insurance companies are essentially trusted fund holders that pool premiums that members pay into a fund, from which claims are paid out to a small subset of the members. This system is great and all, except that insurance companies keep a hefty 25% of the premiums as management fee. Smart contracts, which are written on immutable, trustless, publicly auditable and decentralized blockchain, can replace insurance companies as the trusted fund holder, performing all the essential functions that human-run insurance companies do at a near-zero cost. The pools managed by smart contracts are called "autonomous insurances", as they do not serve the interests of profit-driven insurance companies but the community of members themselves. In other words, by using codes to replace human fund managers, autonomous insurances are much cheaper, safer and scalable risk-hedging solutions than traditional insurances.

Who owns Omni Fund?

Omni Fund is developed by a team of engineers from Silicon Valley.

Who is Omni Fund?

Omni Fund is the world's first working blockchain-powered autonomous insurance platform. The platform is developed by a team of Engineers in the Silicon Valley. While autonomous insurances run on the blockchain, the technology is still in its infancy and only usable for specialized programmers. Omni Fund is the "interface" layer that makes it easy for the general public to join autonomous insurances, without worrying about the technical details of blockchain technology.

How secure is my personal data?

Your personal data are never uploaded to the blockchain. Upon receiving, your personal data are directly processed by a U.S regulated exchange for a one-time identity verification to comply with U.S. Securities and Exchange Commission's Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations. Once the verification is complete, all your personal info are permanently burned from our server. In addition, Omni uses state of the art cryptographic techniques like SHA-256, JWT and HTTPS to protect your data during communication.