Welcome to Nayms. We are a crypto-compatible marketplace for insurance capitalisation and risk transfer. We provide the technical and regulatory infrastructure through which other insurance market participants come together to conduct crypto-native insurance.
We are licensed in Bermuda for all activity within our marketplace. Our holding company is in the United Kingdom.
We may not be the party who initially collected your personal information—please see Section 4. How your personal information is collected below for more information about how you can identify who initially collected your personal information.
The personal information we collect about you depends on the particular services we provide to you or which otherwise concern you. We may collect and use the following personal information about you:
We collect and use this personal information for the purposes described in Section 5. How and why we use your personal information below. If you do not provide personal information we ask for, it may delay or prevent us from providing services to you or which otherwise concern you.
We collect personal information directly from you—in person, by email and/or via our website and platforms. However, we may also collect information from:
You can find out the identity of the party who initially collected your personal information in the following ways:
Under data protection law we can only use your personal information if we have a lawful basis, including:
A legitimate interest is when we have a business or commercial reason to use your personal information, so long as this is not overridden by your own rights and interests.
The table below explains what we use your personal information for and why.
In order to provide insurance cover and deal with insurance claims, in certain circumstances we may need to process special categories of personal information, such as health data.
Your consent for this processing of special categories of personal information may be necessary. You may withdraw your consent to such processing at any time. However, if you withdraw your consent this may impact our ability to provide insurance or pay claims.
In connection with Section 5. How and why we use your personal information above we will sometimes share your personal information with third parties including:
If you would like more information about whom we share our data with and why, please contact us (see Section 17. How to contact us below).
Personal information may be held at our offices and those of our third party agencies, service providers and representatives as described above in Section 7. Whom we share your personal information with.
Some of these third parties may be based outside of Bermuda or the UK. For more information, including on how we safeguard your personal information when this happens, see below – Section 11. Transferring your personal information internationally.
We also keep records—which may include personal information—to meet legal, regulatory, tax or accounting needs. For example, we are required to retain an accurate record of your dealings with us so we can respond to any complaints or challenges you or others might raise later. We will also retain files if we reasonably believe there is a prospect of litigation. The specific retention period for your personal information will depend on your relationship with us and the reasons we hold your personal information.
If you would like more information about data retention, please contact us (see Section 17. How to contact us below).
We will use your personal information to send you updates about our services, including exclusive offers, promotions or new services.
We have a legitimate interest in using your personal information for marketing purposes (see Section 5. How and why we use your personal information above). This means we do not usually need your consent to send you marketing information. If we change our marketing approach in the future so that consent is needed, we will ask for this separately and clearly.
You have the right to opt out of receiving marketing communications at any time by:
We may ask you to confirm or update your marketing preferences if you ask us to provide further services in the future, or if there are changes in the law, regulation, or the structure of our business.
Countries have different data protection laws, some of which may provide lower levels of protection of privacy than the country in which you reside.
It is sometimes necessary for us to transfer your personal information internationally. In those cases we will comply with applicable laws designed to ensure the privacy of your personal information.
This might include transfers to countries that are recognised to provide adequate levels of data protection for your personal information or putting appropriate contractual obligations in place with the party to whom we are sending information.
You have the following rights, which you can exercise free of charge:
We may not always be able to do what you have asked. This is because your rights will not always apply, e.g. if it would impact the duty of confidentiality we owe to others, or if the law allows us to deal with your personal information in a different way. We will always explain to you how we are dealing with your request. In some circumstances (such as the right to erasure or withdrawal of consent), exercising a right might mean that we can no longer provide our services to you.
If you would like to exercise any of the rights set out above, please contact us (see Section 17. How to contact us below).
We have appropriate security measures to prevent personal information from being accidentally lost, or used or accessed unlawfully. We limit access to your personal information to those who have a genuine business need to access it. Those processing your personal information will do so only in an authorised manner and are subject to a duty of confidentiality.
We also have procedures to deal with any suspected data security breach. We will notify you and any applicable regulator of a suspected data security breach where we are legally required to do so.
Cookies are files with a small amount of data which may include an anonymous unique identifier. Cookies are sent to your browser from a website and stored on your device. Other tracking technologies are also used such as beacons, tags and scripts to collect and track information and to improve and analyse our services.
You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some of our services.
Examples of cookies we use include:
Please contact us if you have any queries or concerns about our use of your personal information (see Section 17. How to contact us below). We hope we will be able to resolve any issues you may have.
You may also have a right to lodge a complaint with: