UMBRELLA COIN (For When Life Happens)

WHAT IS UMBRELLA COIN

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 ACCEPTED AS PROOF-OF-INSURANCE AND INSURANCE PAYOUTS FOR 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 PAYOUTS AND LATER EXPAND TO FULL INSURANCE POLICIES.

HOW IT WORKS

TEAM OF UMC

Terry Tata

Lead Software Engineer

A veteran of the computer software industry, Terry has worked on projects at multiple Fortune 500 companies including most recently at Microsoft. He holds a Master’s degree in computer science from the University of Illinois.

Elizabeth Sternhell

Senior Software Engineer

Another Microsoft engineer, Elizabeth has worked on various projects for Windows applications, web frameworks, and mobile applications. Liz has a Bachelor’s Degree in Computer Science from the University of New South Wales in Australia.

Nick Guerrera

Operations Manager

Nick is a marketing expert based in New England. He is in charge of social media and recruiting.

Brandon Sweet

President and CEO

Brandon has worked in the insurance industry for nearly 10 years including a stop at The Hartford, one of the largest property/casualty insurance agencies. He has been active in sales and underwriting insurance and holds a Bachelor’s degree from the University of Connecticut. Brandon resides in Farmington, Connecticut with his family.

David Lackey

Senior Engineer & Architect

An Ivy League graduate, David has worked as a developer at Microsoft during his time in industry. He has a variety of experience in various domains such as desktop applications, full stack web development and mobile applications. David has a bachelor’s degree from Princeton University in computer science and engineering.

Alexander Vargas

Marketing and Sales

Born and raised in California, Alex has more than 10 years experience in marketing and sales in the New York tri-county area.