Photo - Poolpo
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Poolpo

El recomendador de seguros más inteligente

Argentina
Market: Insurance, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 10.11.2020
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Idea

PoolPo is the first platform to analyze insurance policies using artificial intelligence. With the personal information of the person, their vehicle and their current insurance condition, we look for better offers in the best companies on the market, maintaining current conditions.

Current Status

In November 2020 we came out with our new website and our new Samurai artificial intelligence. In less than 1 minute we are obtaining 20 parameters of the policies and with that information we quote and look for the best offers.
We add a designer, a developer and a communication and press manager to the team with the idea of obtaining new clients and potential investors.

Market

people between 25 and 45 years old who have a car or motorcycle.

Problem or Opportunity

People pay more for their insurance for not spending the time necessary to do the analysis and compare conditions, prices, coverage, etc. In addition, people believe that by not having an intermediary (insurance producer) and insuring directly with the insurer, they save more money. This is not true, quite the opposite.

Solution (product or service)

PoolPo is an artificial intelligence system that searches for and analyzes insurance offers from the best companies and selects the best offer based on a set of variables.
In this way, the user saves the trouble of having to choose between different options.
In addition, PoolPo periodically analyzes new offers, seeking that our users pay less for their car insurance while maintaining the conditions they already have.

Competitors

Why buy direct from a company without knowing all the other options?
There is no direct competition, but there are companies that group multiple offers in one place, such as compares at home or 123 insurance.
The question we ask ourselves is: How to choose in a multi-listing, with dozens of options, all different?
PoolPo recommends the best option, based on its artificial intelligence algorithm and its experience interacting with other users.

Advantages or differentiators

Because we are going one step ahead and we do not show a list of different insurers and their prices. PoolPo is an artificial intelligence system that chooses the best options for the user. At PoolPo we are on the side of the insured, taking advantage of new technologies (among them artificial intelligence and big data) and the experience of more than 50 years in the insurance market, we constantly look for personalized products for our users, ensuring that we provide the best terms.
On the other hand, we negotiate insurance policies, as a group, with the aim of obtaining the best conditions for our users.

Finance

Cost Per Lead: $1
Cost Per Customer: $US7
Structure Cost/month: $400

Business model

We wanted to redesign the insurance industry. As we knew that the broker's business model should be transformed, we decided to create an innovative strategy that allows the digital transformation to reinvent the broker's business to create a new, the digital broker
For each policy in which we mediate between the user and the insurer, the latter pays us a commission on a monthly basis. Both the service and the advice for the user are free.

Money will be spent on

$60.000 For marketing, and team building. (Development, commercial, busness, marketing)

Offer for investor

15% of the businness.

Team or Management

Risks

Agressive prices from the competitor or some company who can do the same AI technology.

Incubation/Acceleration programs accomplishment

Not yet.

Won the competition and other awards

We won the award for the innovative project in Makers in BA, which allows us to travel to Silicon Valley in August to participate in the Singularity University Global Summit.
https://www.iproup.com/startups/5756-startup-emergent-company-entrepreneurship-The-Makers-in-BA-winners-recognized
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video