Insurance Made Easy & Fair

Get insured and file a claim in a minute. Fairness is guaranteed by democratic claim handling on the blockchain.

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.

Problem

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:

Instant Payments

When a claim is approved by the community, a smart contract instantly triggers a payment to the client. 100% autonomously from the insurer.

Effortless Experience

Personalize and activate your insurance in just a few clicks, as simple as chatting with a friend. Anytime. Anywhere. Filing a claim is just as easy.

Solution

Documents

Read the project details

Documents

Roadmap

This is our action plan for reinventing the insurance industry

Q4 2017 Business Research
Q2 2018 Team & Advisors
Q4 2018 MVP
Q4 2018 Private Sale
Q1 2019 Public Sale
Q1 2020 Colibra 1.0
Q2 2021 Colibra 2.0
Q4 2017 Business Research
Q2 2018 Team & Advisors
Q4 2018 MVP
Q4 2018 Private Sale
Q1 2019 Public Sale
Q1 2020 Colibra 1.0
Q2 2021 Colibra 2.0

Roadmap

Read the latest updates on the project progress on our blog

Team

Our Founding Team has background in these organizations:

Kalojan Georgiev

Chief Executive Officer

Founding partner of K-Pharm Global Group (KPGG), worth $100M+

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 Strandjev

Chief Technology Officer

Google, Musala Soft

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 Zaporozhanov

Chief Marketing Officer

Zapomedia, E.On, OMV

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 Belomorski

Chief Operating Officer

IBM, Deutsche Telekom, Musala Soft

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.

Svetlin Zhekov

Full Stack Developer

Munich Re

Experienced hands-on Team Lead with a demonstrated history of working in the softwarе industry. Skilled in J2EE, Hibernate, Spring and Calypso.

Alexander Ivanov

Back-end Developer

Urbanise.com, VMware, Musala Soft

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.

Mario Ignatov

Full Stack Developer

Qualifast Ltd, Musala Soft, VMware, MICROS Systems UK Limited

Experienced Senior Software Engineer with a demonstrated history of working in the software industry. Skilled in Java, Spring framework and Spring projects like Data, MVC, Batch, Boot, Security, Hibernate.

Advisors

Vassil Terziev

VC & Strategy

Telerik (Progress)

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.

George Spasov

Blockchain Architecture

LimeChain

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.

Shmuel Zamir

Game Theory

Professor at the Center for the Study of Rationality

The Hebrew University of Jerusalem

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.

Atanas Raykov

Go-To-Market & Strategic Partnerships

Viber

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.

Tunio Zafer

Business Strategy

pCloud, Host.bg

CEO of the pCloud - one of the world’s Top 5 cloud storage providers with 8+ million users. Former CSO at Hostbg - the largest hosting company in Bulgaria. An online marketing veteran with 12 years of invaluable global experience.

Anton Titov

Security/Technology

pCloud, Host.bg

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 Stoyanov

Conversational AI

CX Engineer at Chronicle (a Google X company), Ex: Uber

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 Velichkov

Commercial Advisory

Trendo.bg, Grabo.bg

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 Todorov

Blockchain Integration

LimeChain

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 Panekov

OCR & EDI

Coca-Cola Hellenic

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.

Ivaylo Strandjev

Artificial Intelligence & Machine Learning

Google, VMWare, HyperScience

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.

Zlatolina Mukova

Insurance

NEVEQ, Euroins, Deputy Minister of Bulgaria

Zlatina is the Managing partner at NEVEQ - the largest private equity fund in Bulgaria. Former CEO of Euroins Bulgaria. Former deputy minister of transport and telecommunications. ACCA holder and Master of Mechanical Engineering.

Team & Advisors

Partners

Partners

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Whitelist

Cookie Policy:

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THE COOKIES WE SET

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THIRD PARTY COOKIES

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MORE INFORMATION

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Privacy Policy:

Colibra, legal entity code: C 85004, address: Excalibur 64, Triq Bantadini, Birkirkara BKR 1737, Malta, commits to ensure the security of visitors’ personal data and to protect their rights when visitors use and navigate Colibra's website - www.colibra.io (hereinafter referred to as “the Website”).

This privacy policy (hereinafter referred to as the “Privacy Policy”) specifies the data collected by Colibra, the means and sources from which this data is obtained, the legal basis for processing personal data as well as the actions and measures, which have been taken by Colibra to protect the collected data.

By using Colibra’s services and/or browsing the Website, visitors agree to the terms of this Privacy Policy, as well as the general rules for using the site.

All personal data is processed in accordance with the General Data Protection Regulation (EU) 2016/679, the Data Protection Act of Malta and other legal acts.

For questions regarding this Privacy Policy or any requests regarding the processing of personal data, please contact us at: team@colibra.io

1. USE AND COLLECTION OF PERSONAL DATA

1.1. Controlling, processing and scope of this Privacy Policy

Personal data provided on or through the Website are managed and controlled by Colibra.

This Privacy Policy applies to any website managed by Colibra and to any service provided by Colibra, regardless of which facilities the visitor of our Website (hereinafter referred to as the Visitor, or You) uses to access, visit or navigate the Website.

This Privacy Policy does not apply to links to websites provided by third parties on our Website, therefore we recommend that the Visitor directly and individually consult the privacy policies applicable to such third-party websites or services.

Colibra may engage third parties in the processing of THE Visitor’s personal data and, for this purpose, transfer their personal data to other legal entities, complying with the conditions set forth in this Privacy Policy.

1.2 Collected information

Technical information, cookies:

Each time the Visitor accesses or visits the Website, the Website automatically collects and manages the following technical personal data:

  • IP address;
  • Date and time of access;
  • The name and URL of the webpage that connects to the Website;
  • Data about the operating system of the Visitor;
  • Information about the Visitor's internet provider;
  • The visitor’s geo-location data and language settings;
  • Other relevant technical information.

Colibra also uses cookies to collect and manage the Visitor’s technical data. To learn more about cookies and the processing of personal data, see Colibra's Cookie Policy.

Without collecting and processing the information above, the Website’s operation may not be ensured.

Information, provided by the Visitor:

The Website may also collect and process other personal data about the Visitor, which the Visitor has provided on their own initiative - by e-mail or using another information system available on the Website. Such personal data may include:

  • The Visitor's name, surname;
  • Contact information (telephone, e-mail address, home address);
  • Other personal information identifying the Visitor;
  • Content of the request, report, complaint or any other relevant message.

The above list is not exhaustive, as Colibra may need to collect additional information in special cases, depending on the reason of the Visitor's request.

1.3. Use of personal data

The main purpose of the processing of personal data on this Website is to allow the efficient, optimal and personalized use of the Website for the personal needs of the Visitor. Personal data is used:

  • For convenient, efficient and functional use of Website, according to the Visitors’ needs;
  • To ensure smooth administration of the Website;
  • To ensure functionality of the Website;
  • To ensure timely and appropriate processing of Visitor’s queries, requests, and replies;
  • To contact the Visitor regarding any information they provide;
  • To enable Colibra to perform statistical and other analysis in order to continuously improve the content of the Website and the
  • services provided on the Website;
  • For other purposes disclosed to the Visitor at the time of submitting personal data.

Use of personal data for direct marketing purposes:

Colibra also handles and processes your personal data for direct marketing purposes in the following cases:

  • When you provide your explicit consent to such processing;
  • When you are Colibra’s client without expressly objecting to having marketing of similar services. In this case, you will be duly notified of such processing beforehand.

For the purposes of direct marketing, Colibra processes the following personal data: your name, email address, phone number. Your personal data for direct marketing purposes can be processed in the following ways:

  • You may receive a newsletter with our offers, promotions, products and news by e-mail;
  • You may receive invitations to events and similar information by e-mail;
  • You may be called by phone with an invitation, proposal or offer.

We inform you that you are free to opt out of our newsletters at any time. You can do this by clicking on the special unsubscribe button at the bottom of our newsletter e-mails.

You may also refuse to receive information about events or any other information from us at any time. All you need to do is send us an email to team@colibra.io

1.4. Storage of the personal data

The Visitor’s personal data will not be processed beyond what is necessary for the purposes laid down in this Privacy Policy. The personal data collected through the Website will be stored for no longer than 3 years.

Your personal data processed for the purposes of direct marketing will be stored for 2 years from the date of your consent or the date on which you have been notified about your data being processed for direct marketing purposes without objecting.

Longer periods of personal data retention may be applied where:

  • There is reasonable suspicion of an unlawful act which is the subject of investigation;
  • The Visitor’s data is necessary for the proper resolution of the dispute, complaint or claim;
  • Colibra has received complaints related to the Visitor or has noticed any violations committed by the Visitor;
  • It is necessary to create backup copies to protect Colibra’s information systems;
  • It is mandatorily required by applicable laws.

Your personal data will be destroyed within a reasonable time after the specified deadline.

1.5. Legal basis for the processing of personal data

Colibra collects and processes the Visitor's personal data:

  • On the basis of consent, which is expressed by Visitor’s active actions, e.g. referrals to Colibra and submission of personal data, other active actions;
  • Exercise of Colibra’s legitimate interests (for example, managing and administering a Website, etc.);
  • In order to comply with other legal obligations.

Visitors may revoke their consent to have their personal data processed at any time. If Colibra has no other legal basis for the processing of this personal data, Colibra will cease processing it immediately after the cancellation / revocation of Visitor’s consent.

1.6. Data transfer to third parties

Colibra does not transfer the Visitor’s personal data to any third parties without prior Visitor’s consent, except in the situations described below.

In the light of investigations or other cases concerning the law, the Visitor’s personal data may be submitted to the law enforcement, judicial or pre-trial institutions without any specific consent of the Visitor.

In addition, particular technical data related to the Visitors’ visits on the Website (IP address, data collected or placed on the Visitor’s devices by cookies, technical information of the browser, other information related to Visitor’s browsing activities, etc.) may be transferred or made available to the entities in the EEA as well as outside the EEA (e.g., we use the Google Analytics service) for purposes related to statistics, analysis, etc. Please note that personal data in non-EU countries may be subject to less protection than data in the EU. Colibra will carefully assess the conditions under which such data will be processed and stored after it has been transferred to the above entities.

Colibra also uses the services provided by third parties (such as third-party data centres, servers, website design, administration services, online traffic and website analysis, statistics, direct marketing services, etc.) that may require access to the Visitor's personal data to a certain extent. In this case, Colibra ensures that the data processors comply with the obligations of confidentiality and adequate personal data protection.

2. VISITOR’S RIGHTS

Visitors have certain rights related to the protection of their personal data. These rights are:

  • The right of access to their personal data;
  • The right to rectification;
  • The right to erasure (right to be forgotten);
  • The right to restriction of processing;
  • The right to data portability;
  • The right to object;
  • In case the Visitor deems that their rights have been violated, they have the right to file a complaint to the Information and
  • Data Protection Commissioner, Level 2, Airways House, High Street, Sliema SLM 1549, Malta or send an email to: https://idpc.org.mt/en/Pages/contact/complaints.aspx

3. DATA SECURITY

By implementing the appropriate technical and organizational measures, Colibra protects the Visitor's personal data from loss, misuse, unauthorized access, disclosure or alteration.

Colibra recommends that the Visitor complies with the following minimum requirements for their personal data protection:

  • Do not visit suspicious websites;
  • Update their software and anti-virus protection as recommended by software providers and vendors.

4. FINAL PROVISIONS

This Privacy Policy applies as of 20 October 2018.

This Privacy Policy may be occasionally updated by Colibra. Colibra will inform Visitors about the updates by submitting a new version of the Privacy Policy along with the dates of the corrections made.

Visitors understand and accept that by continuing to use the Website, they agree to the any changes or updates to the Privacy Policy.

If any provision of the Privacy Policy is deemed void or inapplicable, such provision shall not affect the legality and validity of the remaining provisions of the Privacy Policy.