Teambrella

Not insurance.
A lot better

You and your teammates cover each other. If you submit a claim within your team, your teammates pay it.

Token Sale
is Canceled

To join one of our coverage teams,
please visit our product website.

About Teambrella

Teambrella is a social app that aims to replace insurance.
Visit our Teambrella product website.

Live Platform

Live Platform

Teambrella has already built its platform. The members of our six pilot teams already cover their pets, bikes, and cars with our iOS, Android and Web apps.

Worldwide

Worldwide

Our business model doesn’t require an insurance license in most jurisdictions. We have pilot teams in the USA, Argentina, Peru, Russia, Germany, and the Netherlands.

$3T market

$3 Trillion Market

Regulations prevent the insurance industry from being disrupted. So we’ve created a platform that doesn’t provide insurance but removes the need for it.

VC-Backed

VC-Backed

Prior to the token sale, Teambrella has raised $1.3M in seed funding from Shanda Group, the largest shareholder of Lending Club and Community Health Systems.

Teambrella in earned media

The Problem

Every insurance company pools funds from policyholders. The more money left in the pool, the higher is the company’s profit. This makes it profitable to deny even valid claims.

In turn, customers see insurers as adversaries, not allies. This leads to a high amount of frauds committed by otherwise law-abiding people. 24% of respondents find insurance fraud acceptable. And anti-fraud measures are costly and hostile.

The result is unfair treatment, bureaucracy, lack of transparency and prices that are much higher than customers’ expectations.

Problem
Pooling of funds
Conflict of interest
Denial of claims
Insurance perceived as unfair
“Victimless” fraud
Anti-fraud measures
Expenses
Expenses

Our Solution

Teambrella is what insurance has always strived to be: a tool for sharing risks with peers and helping those in need. But this time, we don’t just declare the absence of conflicts of interest — we align interests of all parties and make the whole process provably fair.

P2P Payments
Empathy
Transparency
Liquid Democracy
alignment of
interests
P2P
Payments
Empathy
Transparency
Liquid
Democracy
alignment
of
interests
P2P Payments

We eliminate the source of the conflict of interest. There are no pools in Teambrella. Instead, teammates pay for claims directly from Ethereum wallets they control. Teambrella just can’t profit from refusing claims.

Empathy

Teambrella is based on empathy. And while fairness is subjective, we let our users use their empathy and decide what they believe is fair — be it a team rule, the acceptance of a new teammate, or the amount of a reimbursement.

Transparency

Teambrella enforces the Golden Rule: “Treat others the way you want to be treated.” If you file a valid claim, and someone ponders about voting to pay you nothing, — he knows that other teammates would see it. And when he files a claim himself, he would be treated the same.

Liquid Democracy

Most teammates don’t vote all the time. Each teammate may appoint proxies to vote on their behalf. Teammates and proxies who do vote get compensated by the team. Good and fair proxies accumulate more trust and, therefore, get paid more.

What makes Teambrella different?

Teambrella is not insurance. We are on the same side as our customers.

P2P
Insurance
Friendsurance / InsurePal
Oracles-Based
Insurance
Etherisc / AIGang
Regular/Mutual
Insurance
Lemonade / State Farm
Based on
Empathy between
customers
Trust between
customers
Precise calculation
of risks
Precise calculation
of risks
Governed by
Customers &
their proxies
Insurance
Company
Oracles
Insurance
Company
Governed via
Voting &
the Golden Rule
Policies &
Regulations
Smart
Contracts
Policies &
Regulations
Conflict of Interest
No
Yes, partially
transferred
No, for automated
oracles only
Yes
Currently covers
Pets, Bikes &
Cars
Property &
Casualty
Flight delays,
Phone batteries
Anything
Product Limitations
Currently doesn’t substitute for compulsory insurance
Small groups of trusting parties only cover small claims/fractoins of larger claims
Only good for automated oracles. Expert oracles can be bribed on a regular basis
Ineffective for small/micro claims
Scaling
Good:
  • social involvement drives organic growth
  • empathy works independently of group size
Problematic:
  • one can only trust those he/she knows
Average:
  • high costs of customer acquisition
Average:
  • high costs of customer acquisition
See more differences
  • Based on
  • Governed by
  • Governed via
  • Conflict of Interest
Empathy between
customers
Trust between
customers
P2P Insurance
Precise calculation
of risks
Oracles-Based
Insurance
Precise calculation
of risks
Regular/Mutual
Insurance
Customers &
their proxies
Insurance
Company
P2P Insurance
Oracles
Oracles-Based
Insurance
Insurance
Company
Regular/Mutual
Insurance
Voting &
the Golden Rule
Policies &
Regulations
P2P Insurance
Smart
Contracts
Oracles-Based
Insurance
Policies &
Regulations
Regular/Mutual
Insurance
No
Yes, partially
transferred
P2P Insurance
No, for automated
oracles
Oracles-Based
Insurance
Yes
Regular/Mutual
Insurance
  • Currently covers
  • Product Limitations
  • Scaling
Pets, bikes &
Cars
Property &
Casualty
P2P Insurance
Flight delays,
Phone batteries
Oracles-Based
Insurance
Anything
Regular/Mutual
Insurance
Currently doesn’t substitute for compulsory insurance
Small groups of trusting parties only cover small claims/fractions of larger claims
P2P Insurance
Only good for automated oracles. Expert oracles can be bribed on a regular basis
Oracles-Based
Insurance
Ineffective for small/micro claims
Regular/Mutual
Insurance
Good:
  • social involvement drives organic growth
  • empathy works independently of group size
Problematic:
  • one can only trust those he/she knows
P2P Insurance
Average:
  • high costs of customer acquisition
Oracles-Based
Insurance
Average:
  • high costs of customer acquisition
Regular/Mutual
Insurance
See more differences

Teambrella Platform

We don’t reinvent insurance. We built our platform keeping alignment of interests as the main principle.

Platform Layers

The Teambrella Platform consist of four layers that interact with each other. Click around to learn more about each layer.

layer copy layer - selected 1. Coverage
layer copy layer - selected 2. Socialization
layer copy layer - selected 3. Decision
layer copy layer - selected 4. Blockchain

1. Coverage Layer

Each teammate provides coverage for all other teammates on a p2p basis. If the team finds it fair to deem someone riskier, then he or she will need to provide more coverage to others.

2. Socialization Layer

We replaced the bureaucracy of insurance companies with the ease of social messaging. Communication helps teammates put themselves in a claimant’s shoes and amplifies their empathy.

3. Decision Layer

The team makes every decision by discussion and voting. Teambrella employs Liquid Democracy, so one can appoint a proxy to vote on his or her behalf.

4. Blockchain Layer

Teammates pay their shares of reimbursement directly from their Ethereum wallets. Non-voting teammates pay an additional 20% to proxies who vote on their behalf. And professional proxies need to use Teambrella tokens to pay for proxy licenses.

1. Coverage Layer

Each teammate provides coverage for all other teammates on a p2p basis. If the team finds it fair to deem someone riskier, then he or she will need to provide more coverage to others.

2. Socialization Layer

We replaced the bureaucracy of insurance companies with the ease of social messaging. Communication helps teammates put themselves in a claimant’s shoes and amplifies their empathy.

3. Decision Layer

The team makes every decision by discussion and voting. Teambrella employs Liquid Democracy, so one can appoint a proxy to vote on his or her behalf.

4. Blockchain Layer

Teammates pay their shares of reimbursement directly from their Ethereum wallets. Non-voting teammates pay an additional 20% to proxies who vote on their behalf. And professional proxies need to use Teambrella tokens to pay for proxy licenses.

Token Sale

Teambrella tokens (TMB) are the only mean of payment for professional proxy licenses.

To earn on a regular basis, proxies need to obtain professional proxy licenses from Teambrella. This is designed to be the only way for Teambrella to earn from its customers.

Soft Cap

2000 ETH

Presale Cap

2500 ETH

Hard Cap

10000 ETH

Price

1 ETH = 1000 TMB

Currency

ETH only

Presale

July 23 - August 12

Presale Bonus

20%

Crowdsale

August 13 - September 12

Restrictions

USA, Mainland China, Cuba, Iran, North Korea, Syria, Crimea

Token
Distribution
Token Sale
60%
Company, 2-year freeze
35%
Partners
5%
Allocation
of proceeds
Marketing and Sales
50%
IT Development
33%
Admin and Operations
10%
Legal
7%

Roadmap

Teambrella has already built its platform. Members of our pilot teams in Latin America and Europe already cover their pets, bikes, and cars. Now, it’s time to scale and reach people all around the world, disrupting the $3 trillion insurance industry.

Whitepaper
MVP Released
Seed Funding
iOS & Android Apps
Invite-Only Beta
Token Sale
We verified the model. Now, the Token Sale is the trigger for the global scaling.
Geographical Expansion
Not bound by insurance regulations, we are ready to launch Teambrella services in most countries.
New Products
With more customers and partners, we’ll be able to provide full coverage for cars and other P&C types of coverage.
Health Coverage
We’re going to disrupt the highly ineffective US healthcare system making it fair, transparent, and affordable.
Catastrophe Coverage
We’ll upscale our model to cover catastrophic events.

Team

We’re a dedicated team of nine specialists with 80+ years experience between us in mobile development, information security, sharing economy, and game theory, including 18 years in blockchain development.

Founders have worked together for 7 years