Teambrella operates a decentralized platform for peer-to-peer insurance, aiming to eliminate the traditional insurance company model. Its mission is to create a more transparent, fair, and cost-effective way for people to get coverage by removing the inherent conflict of interest between insurers and policyholders. Users form or join teams, contribute funds (historically using cryptocurrency like Bitcoin) to a shared pool, and collectively vote on the validity of each other's claims. The platform acts as a facilitator, providing the technological framework for these teams to operate.

Founded in

United States