In the insurance world, there’s nothing else quite like YellowMay – an Innovative Insurance Consulting Company with its own online insurance marketplace that is home to thousands of products.
Current Status
Results
- Over 9000 insurance products database that has reached nearly 4 million views
- More than 30 customers globally
Market
B2B (Insurance companies that seek their place to be able to keep interested products in the pressure of global tech giants moving to insurance space).
The market size (amount of used for sales and marketing on insurances) 1 trillion $. Global view of the insurances with comparison created by interpreting terms&conditions on behalf of the potential insurance buyers.
Problem or Opportunity
Problem
New products are needed for insurance industry and they have to be done with data, out-of-the-box thinking to meet the demands of buyers.
Solution (product or service)
Solution
• Therefore, YellowMay is revolutionizing the industry with worldwide insurance data based on terms and conditions, subverting the old methods still used by many. Moreover, through its vast database, it is able to deliver unique insights and leads to companies that want to enter or are already part of the market. In turn, this helps its clients to develop innovative new products as well as increase their market share and revenue.
Competitors
Aggregators pushing buying to users: Wefox (Germany and some countries in Europe), Moneysupermarket (UK)
Marketing on using Google.
Advantages or differentiators
We have enabled the window shopping to users with one question process to see the insurance option being evaluated them with terms&conditions that gives the value for the end user.
We aim to have all insurances on our platfrom to have them indexed from the online world to buyers.
Marketing packages for insurance companies. Future streams beside the platform are analysis of products space, consulting to build digital approach to insurance companies and teaching insurances to users.
Business model
Subscription model, projects and advertising sales.
Money will be spent on
Development of the product offering, enabling the latter stages of holistic view of insurances, marketing efforts to inrease the brand awareness.
Offer for investor
Asking up to a 1.200k € , with a minimum of 600k € with the intention to use 20% max of share capital for the investment.
That we can increase the traction of our platfrom with the speed we have been able to deliver an increasingly pace. To have the balance between users and customers to fulfill the requirements.
Incubation/Acceleration programs accomplishment
- HKSTP BFSI Accelerator 2021
Won the competition and other awards
Thought Leadership • FIBAN 2018 (Speaker) • Insurtech Insights Asia 2019 (Speaker) • Bitcom2020 (Speaker) • DIICA 2020 (Speaker and Panel member) • DIA 2020 (Speaker) • Fintech Virtual Trade Mission (Speaker) • GTAI 10 start-up nomination
