Depending on the geography, 80-90% of all insurance transactions end up getting bound over the phone, it only makes sense that they start there.
Happy to take any questions. Thanks y’all!
2. What kinds of things do millenials tend to insure other than cars and health? I, like most of my friends, don't own very much else worth insuring. If it wasn't mandated by law, I probably wouldn't insure either - it's basically a tax on the majority of young, healthy, white collar workers.
3. As a young person, cost of insurance is my primary concern. How does the tech help you compete on price with large, nationwide insurance companies with huge, diversified pools of clients? By targeting only millenials are you able to weed out high-risk, high-cost clients and bring the overall premiums down? Is that even legal? If so, I would be very interested in joining.
But you're right, it is unfair to characterize auto insurance as a tax. It's more akin to a mandatory expense that should be factored into the price of owning a car and operating it on shared roads along with people of all driving skill levels.
2. We get folks insuring cars, homes, pets, jewelry, race horses, boats - just about anything you can take a picture of. It's not so much what you're insuring, but the experience. If you wanted renter's insurance, how cool would it be if all you needed to do was do a video walk through of your place, or snap a few photos?
3. As an independent brokerage, we'd have access to multiple carriers to make a market for most risks. Right now, we're focused on building a large book of business. In the future, we may underwrite products that are tailored to specific audiences (e.g. automagic travel health as soon as you're at the airport for frequent travellers). This we can do via an MGA relationship with carriers.
Why do you spend your money on?
I do like the ease of adding a new big ticket item via mobile, but I don't need the middleman, and don't want competing offers from a network of brokers.
Maybe I'm just not the target market. But I suspect there are more people like me who would get a better deal with my current broker vs. a new policy on a single item with a new broker.
As an insurance customer, you have the right to switch agent representation at no cost to you (generally). What other value-added services do you think your local broker could offer outside of accommodating the occasional drop-in? What would compel you to switch brokers?
Which is a bit of a problem for this idea... you aren't solving a problem... just adding a new flavor to existing solutions.
I want to send you a picture, you quote me a price and I pay. If I have to talk to someone else, you've totally lost my interest - I can go talk to an insurance broker myself.
Side question: How many penis pictures have you gotten?
