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Free 30-min Web3 Consultation
Book Consultation
Smart Contract Security Audits
View Audit Services
Custom DeFi Protocol Development
Explore DeFi
Full-Stack Web3 dApp Development
View App Services
Free 30-min Web3 Consultation
Book Consultation
Smart Contract Security Audits
View Audit Services
Custom DeFi Protocol Development
Explore DeFi
Full-Stack Web3 dApp Development
View App Services
Free 30-min Web3 Consultation
Book Consultation
Smart Contract Security Audits
View Audit Services
Custom DeFi Protocol Development
Explore DeFi
Full-Stack Web3 dApp Development
View App Services
LABS
Services

Insurance Smart Contract Formal Verification

We provide mathematical proof of correctness for insurance wrapper logic and payout conditions, delivering audited, bug-free contracts suitable for institutional capital deployment.
Chainscore © 2026
overview
CORE SERVICES

Smart Contract Development

Secure, production-ready smart contracts built for scale and compliance.

We architect and deploy custom smart contracts that form the operational backbone of your dApp. Our development process ensures security-first design, gas optimization, and regulatory compliance from day one.

  • Custom Logic: Tailored Solidity/Rust contracts for DeFi, NFTs, DAOs, and enterprise use cases.
  • Security Audits: Integration with third-party audits and formal verification using tools like Slither and MythX.
  • Gas Efficiency: Code optimized for minimal transaction costs, critical for user adoption.
  • Upgradeability: Implementation of secure upgrade patterns (Proxy, Diamond) for future-proofing.

We deliver battle-tested contracts that reduce deployment risk and accelerate your time-to-market.

Our team specializes in complex implementations including:

  • DeFi Primitives: Automated Market Makers (AMMs), lending/borrowing pools, yield aggregators.
  • Token Standards: ERC-20, ERC-721, ERC-1155, and custom multi-asset contracts.
  • Cross-Chain: Bridge and messaging contracts for interoperability across EVM and non-EVM chains.
key-features-cards
PROVEN PROCESS

Our Formal Verification Methodology

We apply a rigorous, multi-stage verification process to mathematically prove your insurance smart contracts are free from critical vulnerabilities and behave exactly as specified.

01

1. Specification & Modeling

We translate your business logic into a formal mathematical model using TLA+ or Coq. This creates an unambiguous, executable specification that serves as the single source of truth for all contract behavior.

100%
Logic Coverage
Zero Ambiguity
Requirement Clarity
02

2. Property Formulation

Our experts define critical safety and liveness properties. For insurance, this includes invariants (e.g., "total payouts ≤ total premiums"), temporal properties (e.g., "claim must be settled after approval"), and access control rules.

50+
Standard Properties
Custom Rules
Per Protocol
03

3. Automated Theorem Proving

We use tools like K-Framework and Isabelle/HOL to perform exhaustive, mathematical proof that the Solidity/Vyper code satisfies all formal properties under all possible states and inputs, eliminating edge cases.

Exhaustive
State Space Check
Mathematical Proof
Verification Method
04

4. Model Checking & Simulation

We complement proofs with bounded model checking (using solc-verify) and scenario simulation to verify complex temporal logic and identify any violations in a human-readable counterexample trace.

10^20+
States Explored
Actionable Traces
For Any Bug
05

5. Audit-Grade Report & Certification

You receive a comprehensive verification report detailing proven properties, assumptions, and the formal model. This serves as a certificate of correctness for your team, auditors, and users.

Audit-Ready
Documentation
Certified Code
Deliverable
06

6. Integration & Monitoring

We provide integration support for your CI/CD pipeline with formal verification checks and can set up runtime monitoring agents to ensure on-chain execution matches the verified model.

CI/CD Ready
GitHub Actions
Runtime Guards
Optional
benefits
Choosing the Right Security Methodology

Formal Verification vs. Traditional Smart Contract Audit

A technical comparison of two critical approaches to securing insurance smart contracts, highlighting the depth, guarantees, and cost-effectiveness of each method.

Security AspectTraditional Smart Contract AuditChainscore Formal Verification

Methodology

Manual review & heuristic testing

Mathematical proof of correctness

Coverage

Sample-based; finds known vulnerabilities

Exhaustive; proves absence of entire bug classes

Guarantee

Probabilistic (depends on reviewer skill)

Deterministic (mathematically proven for specified properties)

Key Output

Report listing potential issues

Formal proof certificate & property violation traces

Ideal For

General DeFi protocols, standard token logic

High-value insurance logic, complex parametric triggers

Time to Complete

2-4 weeks

4-8 weeks (initial engagement)

Cost Range

$15K - $50K (one-time)

$50K - $150K+ (project-based)

Ongoing Value

Snapshot of security at audit time

Reusable proof framework for future upgrades

how-we-deliver
METHODOLOGY

Our Four-Phase Verification Process

Our structured, multi-layered approach ensures your insurance smart contracts are mathematically proven to be secure, reliable, and function as intended, mitigating catastrophic financial and reputational risk.

Formal Verification Packages

Technical Specifications & Deliverables

Compare our tiered service levels for insurance smart contract formal verification, from core audit to full lifecycle security.

Verification ScopeStarter AuditProfessional SuiteEnterprise Security

Formal Verification Report

Mathematical Proof of Invariants

Custom Property Specification

5 core properties

Up to 15 properties

Unlimited properties

Vulnerability Remediation Support

Guidance only

Direct support & iteration

Guaranteed resolution

Runtime Monitoring Integration

Post-Deployment Incident Response SLA

24h business hours

4h 24/7

Chain Coverage

Single EVM chain

Up to 3 EVM chains

All EVM & selected non-EVM

Ongoing Verification for Upgrades

Optional add-on

Included (2 major upgrades)

Auditor Certification & Legal Opinion

Typical Engagement Timeline

2-3 weeks

4-6 weeks

8-12 weeks

Starting Price

$15,000

$45,000

Custom Quote

Insurance Smart Contract Verification

Frequently Asked Questions

Get clear answers on our formal verification process, timelines, and security guarantees for insurance protocols.

Our standard verification engagement for a core insurance protocol (e.g., a parametric trigger or claims adjudication engine) takes 3-6 weeks. This includes requirements formalization, model development, theorem proving, and final report delivery. Complex multi-contract systems with intricate logic may extend to 8-10 weeks. We provide a detailed project plan with milestones within the first week.

ENQUIRY

Get In Touch
today.

Our experts will offer a free quote and a 30min call to discuss your project.

NDA Protected
24h Response
Directly to Engineering Team
10+
Protocols Shipped
$20M+
TVL Overall
NDA Protected Directly to Engineering Team
Insurance Smart Contract Formal Verification | Chainscore Labs | ChainScore Guides