Teambrella is the first peer-to-peer insurance service backed with Bitcoin and the creators say its users have exclusive control over every aspect of insurance: rules, premiums, claims and reimbursements making insurance fair and transparent. In a recent whitepaper, the writers, Alex Paperno, Vlad Kravchuk and Eugene Porubaev, say that most insurance services are inefficient and non­-transparent and they say they have designed a way to solve these issues by implementing a system that provides peer ­to­ peer insurance which Bitcoin Wallets play an integral part of the design.