Re

The Re protocol provides investors access to a massive and uncorrelated asset class: insurance

premiums. Retail investors and crypto asset holders alike can not easily earn yield by backing

insurance policies in a way that has been functionally accomplished by Lloyd’s of London for 257

years. Total capital dedicated to global reinsurance amounted to $658B USD as of the end of 20201

with the top 40 reinsurers accounting for Net Written Premiums of $247B USD2. Today, all of this

premium is held within centralized entities that operate with expenses amounting to between 30-45%

of each premium dollar generated before claims are settled.