Colibra

Insurance Made Easy & Fair

Insurance is a cornerstone of economy as it determines how our society handles risk and uncertainty. Sadly, it has become highly profit-driven, losing its transparency and customer focus. Colibra believes the root of the problem lies in the conflict of interest, inherent to claim handling and payouts. They think decentralization can eliminate this conflict of interest and breathe new life into the industry. To make this happen, Colibra has gathered top professionals and community members. Their goal is to make insurance work in a way that benefits everyone - fair, transparent and user-friendly.

What is Colibra? 

Colibra is the first democratic insurance company in the world. Colibra combines crowdsourcing with game, choice and voting theory to build an open platform that can handle insurance claims in a transparent, autonomous and fair manner. We will underwrite our own insurance policies, starting with Travel insurance. In addition, Colibra's actuarial reserves will be fully transparent 24/7 to guarantee our solvency, while smart contracts make claim payouts completely automated and autonomous 

How it works?

Colibra's simple and intuitive mobile app helps clients get insured or submit a claim effortlessly. Once all necessary documents are submitted, the claim is crowdsourced on Colibra's open platform where independent claim handlers verify the validity of these documents. An independent crowd jury is then formed to vote on the eligibility of the claim. If the claim is found eligible, a smart contract instantly triggers a payment towards the client.