The DeFi insurance platform has stormed the digital world by overtaking the traditional finance systems by processing transactions at high speed with less wait time. The DeFi insurance platform is integrated with distributed ledger technology and Smart Contracts for safe and secure transactions. It is estimated that many exchange platforms have been subjected to many breaches and attacks by hackers, and to solve this complex issue, DeFi insurance development was launched. It is easier for entrepreneurs to submit, claim, and handle insurance. Investors can build a Decentralized Insurance Platform by hiring professional experts from Blockchain App Factory to boost their business growth.