Photo - 5X5 Insurance
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5X5 Insurance

USA, Minnesota
Market: Insurance
Stage of the project: Prototype or product is ready

Date of last change: 16.03.2023
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Idea

5X5 Aviation Insurance aims to reward safe general aviation pilots and create safety standards for the category while establishing a profitable business model for all stakeholders.

Current Status

We are approaching our product launch date of January 2024 and are continuing to close partnership with key partners while assembling a integrated customer platform in conjunction with our customer focus groups. Our MVP continues to be improved and tailored from the feedback we are receiving from our focus groups.

Problem or Opportunity

The current general aviation insurance industry provides one-size fits all policies, uncertain coverage, with unpredictable premiums. The current industry is archaic with fragmented customer experience.

Solution (product or service)

5X5 plans to revolutionize the general aviation insurance industry by providing tailored policies through intentional underwriting. We plan to implement data driven assessment, safety enhancing applications, and AI and predictive analysis into our product offerings.

Business model

We are a full stack specialty insurtech.
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