Why a second claim paid 0.18 NEAR
The policy limit rose to 0.42 NEAR before filing. The reserve paid 0.18 NEAR, the limit in force when the loss occurred.
TESTNET PREVIEW
Insurance for
AI agents on NEAR.
Set spending rules for your agent. If a transfer breaks those rules while coverage is active, submit the NEAR receipt for review.
NEAR TESTNET · PUBLIC RECEIPTS
0.25 NEAR paid
One CLI run shows both payment decisions and a claim for a separate simulated loss.
Open the full CLI replay- Simulated loss
- 0.30 NEAR
- Deductible
- −0.05 NEAR
- Paid to the recovery account
- 0.25 NEAR
View payout receipt on NearBlocks From spending rules to claims
The wallet checks payments against the spending mandate. Reviewers use that mandate and the finalized NEAR receipt to assess a loss.
Approved supplierAllowed
Outside the mandateBlocked
Who does what
Policy & agent
Policyholder
Funds the wallet, pays the premium and sets the spending mandate.
Sets the mandate
Agent
Requests payments, renews coverage and can file a claim with a restricted NEAR key.
Requests payment
Payment controls
Vault & agent wallet
Checks who can be paid and enforces the spending limit.
Pays
Approved supplier
Receives payments that satisfy the mandate.
Claims & settlement
Claim reviewers
Check the agent’s claim against the NEAR receipt, mandate and paid coverage period.
2 of 3 approve
Claims reserve
Pays approved claims up to the applicable limit. The AgSurance operator manages its liquidity.
Sends payout
Recovery account
Receives the payout at the registered address.
Capital & staking
Capital providers
Deposit NEAR into the claims reserve for shares. Paid claims can reduce share value.
NEAR validator
Receives eligible surplus for staking and returns realized rewards to the reserve.
What the policy covers
The spending limit controls what the agent can pay. The payout limit caps an approved claim at the policy limit in force when the loss happened.
Eligible for review
- A finalized NEAR transfer from the registered agent wallet to a recipient outside the mandate.
- A finalized transfer from that wallet that exceeds the recorded spending limit.
- The loss must occur during paid coverage. Reviewers confirm the evidence and eligible loss must exceed the deductible.
Outside this policy
- A blocked payment, with no loss to reimburse.
- A duplicate invoice or bad purchase paid to the approved supplier within the mandate.
- Funds lost from a personal wallet, a third-party bridge or a different chain. Token price losses are also outside scope.
What if the wallet had an AgSurance policy?
Ledger Connect Kit, December 2023
Compromised wallet connection code affected users of third-party apps. This pilot excludes personal wallet losses. A similar incident on an enrolled NEAR agent wallet could be reviewed if a final transfer breached its spending mandate during paid coverage.
Ledger’s incident reportThe claims reserve
Reading reserve figures from NEAR testnet…
Policy economics
A policyholder can receive 20% cashback on earned premium after paying the full term without a coverage gap and keeping the wallet active. Capital providers receive 70% of the remaining premium and AgSurance operations receive 30%. These percentages divide premium revenue. Provider returns depend on claims, realized staking rewards and costs.
Check price and capacity on testnetExplore a 100 NEAR reserve simulation
ILLUSTRATIVE · NOT A QUOTE
25.00 NEAR total payout across 1 paid claim
EXAMPLE 28-DAY POLICY
Where the premium goes
4.00 NEAR
- Capital providers
- 2.24 NEAR · 56%
- AgSurance operations
- 0.96 NEAR · 24%
- Policyholder cashback
- 0.80 NEAR · 20%
SIMULATED RESERVE · BEFORE PAYOUTS
Example reserve allocation
100 NEAR
- Set aside for 2 policies
- 80 NEAR
- Extra funds kept available
- 10 NEAR
- Funds available for NEAR staking
- 10 NEAR
POLICYHOLDER
25 NEAR per paid claim
For one claim, the reserve pays 25 NEAR on a 30 NEAR covered loss with a 5 NEAR deductible and no funds recovered before payout.
In this example, you add 50 NEAR to the agent account. Coverage costs 4.00 NEAR for 28 days and pays up to 40 NEAR. After cashback, coverage costs 3.20 NEAR.
CAPITAL PROVIDERS
-20.52 NEAR net result
Capital providers receive 4.48 NEAR from both premiums and pay 25.00 NEAR in claims. The reserve holds 75 NEAR after payouts, before adding any premium income.
Capital providers need 11 policies with no claims to break even on these payouts. That total can span several 28-day periods.
AGSURANCE OPERATOR
1.92 NEAR
AgSurance receives this amount from both policies before it pays for reviews, monitoring, and support.
The simulation assumes both policies are paid in full and run for 28 days. With cashback on, you get 20% of the premium back at the end even if the reserve paid a claim. Capital results exclude staking rewards and expenses.
Estimate a premium for a wallet balance
ILLUSTRATIVE · NOT A QUOTE
Full-balance premium estimate
- Illustrative coverage target
- 1000 NEAR
- Illustrative premium for 28 days
- 23.34 NEAR
This estimate assumes a zero deductible. Testnet checkout uses current on-chain prices and capacity.
Pricing assumptions
The lower and middle examples assume 0.1% and 0.5% odds of a full claim per 28 days, respectively. The model targets 10% annual provider returns with a buffer of 10% of the limit. It assumes 20% cashback and a provider share of 70% of the remaining premium. The higher premium example uses 5% of the limit per term.
Frequently asked questions
How much could I recover?
An approved payout uses the eligible loss after recoveries and the deductible, capped by the policy limit in force when the loss occurred.
What evidence do I need for a claim?
Provide the transaction hash and finalized NEAR transfer receipt. Reviewers check the recipient, amount and whether the policy was active at the time of the loss.
Can capital providers lose principal?
Yes. Approved claims draw from the reserve and can reduce the value of its shares. Earned premiums and realized staking rewards can offset losses.
How do I see the demo without an invite?
Anyone can open the two testnet replays and their public receipts. An invite gives you access to a funded demo account.