Teambrella, the first peer-to-peer insurance service powered by Bitcoin

[AlexPaperno]

Hi!

After a year of work we’re out of stealth mode. We believe that our system sets up a new very high standard of fairness and transparency that is unachievable by any insurance company that is not cryptocurrency-based. We’re currently polishing the system so an alpha will probably be ready in Q2.

There’s an explainer video at our site: http://teambrella.com
And here is our white paper (it’s only 17 pages): http://teambrella.com/whitepaper.pdf

The tl;dr version of our white paper:
Alignment of interests: Insurance companies and policyholders have conflict of interests. We propose a peer-to-peer insurance organization devoid of this conflict.
Teams: Anyone can create a new team. Existing members decide who they want in their team.
Voting: Everything in a team is governed via voting. The weight of a teammate's vote depends on premiums she has paid.
Liquid Democracy: Teammates can delegate their votes to proxies. Those who do vote receive a reward so they can do this professionally.
Risk Coefficients: Each teammate is assigned a risk coefficient by the team via discussion and voting.
Fair P2P Coverage: If two teammates have same risk coefficients they cover each other for the same amount. If one is less risky, e.g. a good driver, she gets more coverage from the other.
Distributed Wallets: A multi-sig wallet controlled by the owner AND 3 out of 8 of his teammates. Wallet owner can veto any transaction. He is allowed to withdraw funds provided all outstanding premiums can be paid out. We coordinate payments but it's teammates who really make them.
Protection: Our open-source client software allows teammates to collectively withdraw their funds if the server is compromized or shutdown.[/list]

[AlexPaperno]

Check out our brand new FAQ page:
https://teambrella.com/faq