Only global, independent and transparent online AI- marketplace for insurances evaluating products based on terms&conditions using Ymay-algorith
Current Status
Results • Over 2500 insurance products from more than 100 insurances out of 43 countries listed in database (travel-, mobile-gadget and identity-theft insurance) • increase of 62% of users in July • 9,5% Conversion rate • CAC 0,29€ • 1.8 Million people reached since Okt.´19 • Platform delivers up to 70% profit margin for it´s products.
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 • Insurances are boring and products are complex • Consumers cannot find suitable insurance products • Global market access for insurances is costly and complicated • Brokers and aggregators are dead and new approach is needed
Solution (product or service)
Solution • Global window shopping of insurances for endusers with a fun, easy and transparent approach • Delivering a unique global marketing and sales channel for insurance companies
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.
Channels are mobile driven app and marketing on Facebook.
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
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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
