Hey Everyone,

Here is an opportunity to take part in an international project and try something new. If you are into fresh ideas, like to get a taste of new technology and how it works to support social concepts, you might just like this one. Not much required from you - just your interest and desire to participate.

Background

Teambrella is a technological startup that has elaborated a platform to provide an alternative approach to insurance through creation of teams of peers. It allows people to form teams that offer each other coverage around the common object, interest or value. If one person within that team requires reimbursement, the rest of the team chips in to provide it. The concept has been around for ages, of course, but this time we try to combine it with the new blockchain technology and introduce the use of cryptocurrency (Ether). No middlemen involved, and a team decides on everything!

Premium-Less Insurance

The key difference with classic insurance models is that the customer does not hand over a premium. Instead, once a “premium” has been set by the team, the team member puts that “premium” into their digital wallet. It remains in the digital wallet to be called upon if anyone in the team makes a claim that is approved by the team members. If no claims are made, then everyone in the group get to keep their money.

How does it work?

You fill an application to join a team. Provide some info about yourself for your teammates, upload photos or some related documents, if required by the team. All members of that team then get to vote on what your risk coefficient should be. Once accepted into a team, you put in an amount in your digital wallet and are covered for the amount agreed by the team. Now you can file claims, vote on the risk coefficient and claims of other teammates and communicate with the team. Essentially, almost any rule within a team can be voted on by the team.

Teambrella believes in human behavior and that people can cooperate if their interests are aligned on a platform without insurer’s profit, overheads, or admin costs.

Why join?

- Be an early adopter

- Zero costs for early users. As these are currently pilot (beta) teams we even give the first users Ether in their wallet to use in the application.

- Join in on the teams communication and get involved in making the decisions.

Which pilot teams are available in The Netherlands:

- Dogs

- Scooters

- Bicycle

How do I join?

Are you interested in joining a pilot group and be one of the pioneers? Send your request and specific group name to danny@brickz.tv and I’ll send you an invitation link. Contact me if you want to know more.

Let’s team up and help each other!

Danny





More information/links

- Teambrella.com

- Video: Introducing Teambrella

- Whitepaper: https://teambrella.com/WhitePaper.pdf

- Digital Insurer: https://www.the-digital-insurer.com/blog/insurtech-teambrella-and-the-third-wave-of-peer-to-peer-insurance/

- Bitcoin Magazine: https://bitcoinmagazine.com/articles/bitcoin-based-peer-to-peer-insurance-company-teambrella-releases-pre-launch-demo-version-1473441122/