Nexus Mutual is a decentralised alternative to insurance. Nexus Mutual makes use of the power from Ethereum blockchain and people can share risk together without the need for an insurance company through smart contract code on Nexus Mutual. It allows anyone to become a member and buy cover. It replaces the idea of a traditional insurance company, because it is wholly owned by the members. The model encourages engagement as members will get economic incentives for participating in Risk Assessment, Claims Assessment and Governance.