The Umbrella Coin (UMC) team is building a next generation model for providing risk management for individuals and businesses. Our solution will be built on a decentralized, blockchain platform to avoid the fees and management costs associated with traditional insurance companies. We are aiming to have UMC tokens augment standard insurance policies such as life/health (L/H) and property/casualty (P/C). Total net premiums for L/H and P/C insurers was approximately 1.2 trillion in the United States alone in 20153 . Juxtapose net premiums with the total profits, approximately 100 billion4 , and there is a clear opportunity for the insured to cut out middle men and stop overpaying for coverage. Furthermore, policyholder’s requirement to pay a deductible and other hidden costs imposes an even greater overhead when attempting to make insurance claims. Our goal is to make UMC viable for standard benefit packages and later expand to full insurance policies

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ICO’s Details

  • GENERAL INFORMATION
  • Pre-ICO Opening Date:

    To be announced

  • Pre-ICO Closing Date:

    To be announced

  • ICO Opening Date:

    Sun, Aug 20th, 2017 12:00 AM

  • ICO Closing Date:

    Wed, Sep 20th, 2017 12:00 AM

  • Country of Origin:

    USA

  • TOKEN DETAILS
  • Symbol:

    UMC

  • Blockchain Type:

    Ethereum

  • Platform:

    ERC20

Team

Ryan Sweet - CEO
Chris Fong - Backend Software Engineer
Alexander Vargas - Chief of Marketing and Sales
Nick Guerrera - Operations Manager

Advisors

Brandon Sweet - Insurance Advisor
Conrad Membrino - Senior Insurance Advisor

Disclosure: This page is created to provide market intelligence. This is not investment advice and does not constitute any solicitation or endorsement of any investment. Any investment you make is done at your own risk and at your full and absolute discretion.