{% hint style="info" %} Overview: The Nayms application utilizes an Ethereum smart contract to allow insurance/reinsurance policies to be created, underwritten, tokenized, traded and settled, all on chain. {% endhint %}
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A user can issue multiple policies on behalf of their company or Segregated Account (represented by an Entity in the system).
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These Accounts can manage multiple policies and issue internal Participation Tokens (P-Tokens) that can be sold to fund their portfolio.
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Other users can purchase these P-Tokens on behalf of their Business Entities (Capital Providers).
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The Account can then share profits by issuing profit distributions to its token holders.
Useful Links: