Insurance needs our help
Insurance needs our help
Over the years, insurance companies have become increasingly centralized, complex and profit-driven. Transparency about their solvency and claim handling is practically missing. Conflict of interest is ubiquitous, which means it's profitable for insurers to delay and reject their clients' claims. This makes fewer and fewer people use insurance to mitigate the risks to their health, business and property.
IBM validated that at least 58% show distrust in insurance industry. Issues at focus are Personal Experience and Transparancy of Price and Terms&Conditions. IBM Global Services Institute, Read Analysis
The Democratic Insurance Company
Combining the power of blockchain, smart contracts, stablecoins, tokens, oracles, AI and gamified crowdsourced claim decisions, Colibra is building a new type of insurance company that can change the insurance industry for good.
Democratic Claim Handling
Colibra can’t reject or delay claim payments like traditional insurers because the claim handling process is outsourced to independent jurors on the blockchain.
See how our democratic claim handling platform works:
When a claim is approved by the community, a smart contract instantly triggers a payment to the client. 100% autonomously from the insurer.
Read the project details
This is our action plan for reinventing the insurance industry
Read the latest updates on the project progress on our blog
Our Founding Team has background in these organizations:
Kalojan is the founding partner of K-Pharm Global Group (KPGG), а $100mln+ group of pharma-trading companies. The company is a one-stop shop, offering services such as logistics, distribution, marketing and regulatory support for pharmaceutical manufacturers, covering over 50 countries in Africa, Europe and Asia.
Boris is a solutions architect that has a long proven track record of designing and delivering complex technical solutions with multiple front-end applications and high-availability backend systems. He has a BSc in Informatics and a MSc in Artificial Intelligence. He has worked at Google, as well as Musala Soft, where he developed software solutions for companies such as IBM, Deutsche Telekom, Commerzbank and many more.
Miroslav is a former business consultant to some of the largest energy companies in Europe, including OMV and E.ON. He’s also the co-founder of Zapomedia, one of the most prominent digital marketing companies in Bulgaria. Miroslav is a former international stock broker at the largest investment company in Bulgaria - Karoll.
Ivan has extensive experience as a Product and Project Manager in developing multiple successful mobile and backend systems. Understanding a product’s added value from a customer standpoint, he excels at using meaningful functional and UX design to translate this added value into a coherent software product. Ivan is experienced in developing large-scale operations with multiple teams and complex deliverables.
Software Еngineer, specialized in object-oriented design and analysis, Java EE architecture, code quality, and software development. Experienced in the full life cycle of the software design process, including requirements definition, prototyping, proof of concept, design and architecture, interface implementation, testing and maintenance.
Vassil is a co-Founder and co-CEO of Telerik. He played an instrumental role in growing the company from a small Bulgarian startup to a leading global enterprise software vendor with 9 offices in 7 countries and more than 130,000 customers, including over 450 of the Fortune 500 companies. Following Telerik’s acquisition by Progress Software (NASDAQ: PRGS) in December 2014, Vassil now serves as Chief Innovation Officer of the parent company where he is responsible for identifying growth strategies and new market opportunities, as well as promoting internal innovation.
Currently heading the technical team at Limechain, George has priceless experience leading the development of successful software projects for various companies - from startups like pCloud to international giants like IBM. In addition, his blockchain expertise has earned him recognition as a top performer of the inaugural Blockchain Developers Academy, run by ConsenSys.
Founding member and fellow of the Center for the Study of Rationality, the Hebrew University of Jerusalem. He holds a Ph.D. degree in Mathematics from the same university in 1971. Since 1974 he has been working at the Hebrew University of Jerusalem. Chief Editor of the “International Journal of Game Theory”, a member of the editorial boards of journals “Games and Economic Behavior”, “Journal of Mathematical Economics”. Member of the Board of Game Theory Society, and the Econometric Society. Visiting Professor in Johns Hopkins University. He has more than 80 articles in the high rating journals, in particular, such as “Econometrica”, “International Journal of Game Theory”, “American Economic Review”, etc. Finally he's co author on two major books on Game Theory and specifically his second book on Repeated Games.
As Director Business Development CIS & CEE at Viber, Atanas is currently responsible for leveraging Viber's incredible reach and exposure opportunities across 25 countries in the two regions. His goal is to build a strong ecosystem and partnership network that drives increased customer growth, user engagement and revenue. In his other role at Viber - as Head of Global Telecom Partnerships - he is responsible for the forging of strategic partnerships with the leading telecom groups around the world to create winning B2C propositions, based on Viber's cutting-edge technology.
Founder and CTO of 2 companies in Alexa’s Top 50. CTO of pCloud - a Top 5 Cloud storage provider with 8+ million users. pCloud features the most secure cloud storage on the web with bullet-proof client-side encryption. Atanas is also the co-founder and CTO of Host.bg - Bulgaria’s leading hosting company.
George has launched two Deep Learning products with hundreds of thousands of users, processing millions of images per day and containing millions of analyzed events. His products were the first to commercially pioneer video style transfer. Currently focusing on bespoke Deep & Machine Learning consultancy - predictive and NLP solutions for some of the world’s top companies. Featured on the cover of Forbes Bulgaria as part of the 30 Under 30 list. He worked for Uber prior to starting his entrepreneurial journey.
Velizar is the co-founder of several online platforms with combined annual turnover of nearly EUR 30 mln. The first of them is Grabo.bg - the biggest daily-deal website in Bulgaria with 2 million visitors per month and EUR 15 mln. in annual revenues. He is also the co-founder of online shopping club Trendo.bg and a worldwide digital company for online personal meal plans, operating on more than 100 markets.
Nikolay combines the rare marketing experience of building both brands and companies, and applying blockchain technology. His deep understanding of business processes and his firm grasp of the technical capabilities of blockchain allow him to act as the crucial link between his team’s technical expertise and his clients’ needs.
Marin has unparalleled experience as the document-management system designer at Coca-Cola Hellenic - a company famous for having one of the highest-volume document systems in Europe. He combines this with being a skilled Optical Character Recognition (OCR) manager and functionality designer, Electronic Data Interchange (EDI) expert and Document Archive specialist. Marin holds the key knowledge and skills to deliver a working and highly efficient claims-processing solution.
An advanced Machine Learning and Artificial Intelligence solutions architect, Ivaylo excels at delivering high-performing algorithms for machine learning. He will help the team design the implementation of the self-learning Artificial Intelligence modules to monitor the system's performance and adjust product pricing, product generation, customer segmentation, etc.