About Teambrella
Teambrella is a social app that aims to replace insurance.
- 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. 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
- $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. 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.
Whitepaper
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Ratings

Rated on Jul 3, 2018
Interesting project, have MVp and app online. The soft cap and hard cap is reasonable. Also have some early market adoptation. Good single to investor, but a whole new business model than insurance worth to watch the long term availability.


Rated on Jul 19, 2018
Modified on Jul 20, 2018
"Teambrella's VC investor, Shanda Group is the largest shareholder of Lending Club."
Congratulations for raising seed capital from this Singaporean.

Rated on Jul 3, 2018
team is fill up with developers and community managers. will be great if you take some international advisors on board.
about vision ...
I like the concept. softcap and hard cap is resonable.
Mvp
have mvp already and some market early adoption. best of luck team


Rated on Jul 7, 2018
I love the fact that it has MVP and it attacks a massive industry. I would love to see more solid team. KYC approved, which is good, but a solid team goes a long way in crypto.

Rated on Jul 21, 2018
Modified on Jul 21, 2018
Have MVP and interesting project. Peer-to-peer is a big business and hope to see more adoption soon.
This is not financial advice or a recommendation to invest in this or any other ICO. Investors must perform their own due diligence and not rely on external ratings to make their final investment decisions. ICOs are risky and 100% loss of capital is possible.

Rated on Jul 9, 2018
Good Team Member, KYC approved, which is good. But don't find Advisor Board in here. will be great If you create good advisor Board..
Concept and vision looking good. Soft cap and hard cap is reasonable.
Already have MVP and app online.... Best of luck for team and concept.

Rated on Jul 4, 2018
Steady, fresh and innovative ideas.
It is also preferable that the reason for the existence of the block chain is clarified.
In Japan, for example, promoting the formation of teams involved in childbirth will be extremely popular.
Especially this part is not covered by insurance, it involves pain.
We expect to join specialist projects on ICO.


Rated on Jul 17, 2018
A functional product, a team with experience and worldwide representatives.
I appreciate the unique business model: not providing insurance but removes the need for it.
The team nevertheless tackles a large market with strong pre-established competition.
Soft cap & Hard cap achievable. I would advise the team to recruit more advisors and perhaps increase advertising to boost their social networks and attract investors.

Rated on Jul 11, 2018
Well designed project, VC backed so a proper Due Diligence has probably been done.
Bringing Insurance Service on the Blockchain is one of the major Use Cases for this technology.


Rated on Jul 3, 2018
At first glance, this project looks promising. Team looks solid, with prior experience and qualifications. The idea that individuals form teams to cover costs as an alternative to insurances looks ideal. Everyone hates insurance companies. However there are some things that need a more detailed explanation. For example, I understand that there is a flaw in the voting process when the majority of the voters want to exploit other members of the team. Let me know if I am wrong

Regarding "the flaw": To carry out such 51% attack, you'd need to organize the bad majority first. And while it's technically possible, in big teams you would need to bring a lot of bad actors with you. Please also note, that the weight of each voter is proportional to the amount of funds that the person has already spent on other people's claims to date.
There is a good explanation of how it all works in this Bitcoin Magazine article:
https://bitcoinmagazine.com/articles/teambrella-wants-to-revolutionize-insurance-coverage-with-peer-to-peer-bitcoin-payments-1459521851/

Rated on Jul 9, 2018
Modified on Jul 9, 2018
Your addressable market is not 3 trillion, that is a preposterous statement showing little to no research into the immediate market which is ready to be served by your service. That number is only shown by existing users using it and there are none.

Rated on Jul 19, 2018
Insurance is ripe for disruption and I have no doubt we will see many better way to insure those things which we value.
the team at Teambrella appear to be on the right track. So are others. Market adoption will be the challenge

Rated on Jul 23, 2018
I think this is a curious and interesting project. They already have in place an application although I haven't taken a look yet. So no need to waste investors money in the development of a product - rather they will focus on the adaptation and continued improvement upon what they have.

Rated on Jul 12, 2018
This one's tricky. (Also, my first review of an ICO).
I personally love the concept! As described in your video, insurance is currently a necessary evil. I feel any attempt at shaking up that status quo and disrupting the industry can be hugely beneficial.
It's great to have a live platform, additionally, it's great that it's backed by a VC RELEVANT to the industry.
That said, it's a little concerning (at least at this point) that no one in the core team comes with any relevant financial/insurance background. Moving forward, if you'd add more people on board who come with that knowledge who could potentially aid in the execution and growth of the company that would be beneficial. Aside, I don't completely understand the holding of 35% of your tokens for your team, that are anyway vested. There's probably logic behind that figure, but it's not completely evident to me as yet.
Advice at this point - work on strengthening up the team with people with relevant experience, because cracking into the insurance market isn't going to be easy by any means, no matter how great the vision for this product is. And if you can't crack the market, you can't justify an investment.
Good luck though! Looking forward to what's potentially in store from this one.

Just wanted to mention that the 35% is reserved for the company, not for the team. We have obligations to our seed investor and are going to use those tokens for the benefit of the company.
If you love the concept, you might also like the implementation of the concept.
Even if you are not a member of one of our pilot teams, you can check out the fully functional demo more of our mobile/web apps:
https://itunes.apple.com/us/app/teambrella/id1259298681?mt=8
https://play.google.com/store/apps/details?id=com.teambrella.android&hl=en_US
https://teambrella.com/demo

Rated on Jul 2, 2018
Low initial valuation (low HC) combined with insurance that is a good use case for smart contracts, makes this a more interesting project than most in my view.
I also like that there is a working platform already.
The team could be strengthened further in terms of of industry diversity.
Overall, looks good!


Rated on Jul 5, 2018
Modified on Jul 5, 2018
Good use case of smart contracts plus they already have a working prototype. Team looks solid. the raise could be a little bigger though. Overall, looks solid. All the best!

Rated on Apr 1, 2019
Peer to peer insurance is a great platform that allows insurance companies to have more freedom with their insurance products.
The product is already up and running. Thus the risks are lower compared to ICOs without a completed product. The company already also has an mobile insurance app on the play store and appstore

Rated on Jul 23, 2018
Insurance companies is one thing we can all agree upon, is that we hate dealing with them.
Peer to peer insurance is a tricky aspect, even though the company mentions that insurance licenses may not be required in all jurisdictions, some may give difficulty in operating there.
The idea and concept is good as everything is going peer to peer and taking out the middle man to offer savings.
The team is good, diversifying more members and advisors should be explored.
Having seed capital from a VC is a definite plus along with a MVP and some market use.
Gaining additional market share and expanding on a global scale will take tremendous effort for success.

Rated on Jul 13, 2018
Great to see they have a working product already live. However the team doesn't really have any insurance background.
Likewise, while the insurance model is ripe for disruption, it's going to be hard to convince people to invest in people not ruining their products than it is in stocks, property or even crypto.

Rated on Jun 30, 2018
Developers and community managers. Would like to see more industry experts and legal advisory in profile though it's great VC backing them has financial sector experience. The raise is small which makes me question why going ICO route vs. doing a Series raise through VCs. Vision is positioned as a noble one although I believe insurance is a symptom of a greater problem that needs addressing.
Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Press Releases
Blog
Financial
Token info
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Investment info
Milestones
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 ProductsWith 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.