Introducing Cobertoo

Meet Cobertoo :

Think: An emerging Madrid-based startup offering a P2P insurance scheme for mobile phones. Cobertoo collects a 20% fee to manage the community, and the remaining 80% are used for claims. If there’s money left from the claims pot, Cobertoo will give back the money to community members and causes they care about.

The company behind Cobertoo is Clicksurance, which is led by Ricardo Sánchez, an insurance professional with “20 years of boring work in multinationals as AXA, AIG or The Warranty Group .”