Odaily News: DeFi insurance startup Nexus Mutual has partnered with mutual insurance organization InShare to bring blockchain-based insurance into the real world. As part of this collaboration, Nexus will contribute a portion of its $274 million on-chain capital pool to The Retail Mutual, a UK-based mutual organization made up of over 5,000 shop owners and small retailers. Nexus provides a total insurance coverage of $2.3 million for risks such as fire, theft, and accidental damage. InShare manages The Retail Mutual and makes all key decisions regarding claims, risk management, and excess coverage. According to the agreement, Nexus will provide compensation if The Retail Mutual incurs more than 57% of community donations and single claims exceeding £200,000 ($255,000) in any given year. The Retail Mutual generates an annual revenue of approximately £2 million, therefore Nexus will cover the excess portion if claim amounts exceed £1.14 million ($1.45 million). (CoinDesk)