Adaptive insurance and risk solutions for dynamic businesses
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Problem: The commercial insurance market is experiencing a decline in brokers/agents amidst a surge in demand for commercial insurance against emerging, non-standard risks. This leaves innovative companies and industries severely underserved and often facing poor insurance experiences, underinsurance, or misinsurance.
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<aside> 💡 Solution: A dynamic business insurance solution that provides advanced peace of mind for dynamic business by offering consistently precise insurance and convenient risk management to fuel progress and keep up with ever evolving risks.
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<aside> 📈 Business Model: In March 2023 INSRD launched as a insurance brokerage earning recurring commissions from the insurance contracts we place and manage. At the same time we are developing a risk intelligence platform that systematically enhances our business efficiency by continuously monitoring our clients' evolving risk exposure as well as adapting coverages accordingly.
Our vision is to evolve into a Managing General Agent (MGA) model, collaborating with insurers to co-create adaptive insurance products, and ultimately productize and offering our technology and insurance solutions to third party brokers and insurers.
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<aside> 🏃 100+ clients
Sample INSRD client profiles:
€500.000+ in gross written premiums (GWP)
Highlights of the last 6 months: