About Protosure

Protosure is a cloud-based issuance platform that enables businesses to automate the underwriting, rating, and policy issuance processes using spreadsheet-based formulas and a drag-and-drop submission form builder. By providing a secure and user-friendly environment for product launch and management, Protosure addresses the inefficiencies in traditional insurance workflows, allowing users to create and distribute insurance products online in days.

```xml <problem> Traditional insurance underwriting, rating, and policy issuance processes are often inefficient, requiring specialized coding skills and resulting in slow product launches and inflexible workflows. These legacy systems struggle to adapt to rapidly changing market conditions and diverse product offerings. </problem> <solution> Protosure offers a cloud-based platform that empowers businesses to automate insurance product development and distribution. The platform provides a user-friendly environment where business users can define underwriting rules, rating logic, and policy documents using familiar spreadsheet formulas and a drag-and-drop form builder. This allows for rapid prototyping, testing, and deployment of new insurance products without requiring extensive coding or IT resources. The platform streamlines the entire policy lifecycle, from initial submission to final issuance, enabling businesses to launch and manage insurance products online in a fraction of the time compared to traditional methods. </solution> <features> - Drag-and-drop submission form builder with address checking, schedule builder, conditional logic, and Stripe payment integration - Spreadsheet-based rating engine that executes existing rating spreadsheets in the cloud - Rule-based underwriting engine that supports multiple warning types, including submission blocking and explanatory pop-ups - Automated document creation using existing PDFs or custom templates from MS Word documents - Infinitely configurable submission tracking and reporting system with custom calculated columns and exportable CSV/XLSX formats - Version control for all insurance product changes, ensuring traceability and auditability - Supersearch functionality for instant access to all customer data - Secure cloud infrastructure hosted on Amazon Web Services (AWS) with data encryption and two-factor authentication </features> <target_audience> The primary target audience includes insurance carriers, brokers, managing general agents (MGAs), and other insurance providers seeking to streamline product development, automate underwriting, and distribute insurance products online. </target_audience> ```

What does Protosure do?

Where is Protosure located?

Protosure is based in East New York, United States.

When was Protosure founded?

Protosure was founded in 2017.

How much funding has Protosure raised?

Protosure has raised 2850000.

Location

East New York, United States

Founded

2017

Funding

2850000

Employees

7 employees

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Protosure

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Executive Summary

protosure.io 200+

Crunchbase

Founded 2017 – East New York, United States

Funding

Estimated Funding

$2M+

Team (5+)

No team information available.

Company Description

Problem

Traditional insurance underwriting, rating, and policy issuance processes are often inefficient, requiring specialized coding skills and resulting in slow product launches and inflexible workflows. These legacy systems struggle to adapt to rapidly changing market conditions and diverse product offerings.

Solution

Protosure offers a cloud-based platform that empowers businesses to automate insurance product development and distribution. The platform provides a user-friendly environment where business users can define underwriting rules, rating logic, and policy documents using familiar spreadsheet formulas and a drag-and-drop form builder. This allows for rapid prototyping, testing, and deployment of new insurance products without requiring extensive coding or IT resources. The platform streamlines the entire policy lifecycle, from initial submission to final issuance, enabling businesses to launch and manage insurance products online in a fraction of the time compared to traditional methods.

Features

Drag-and-drop submission form builder with address checking, schedule builder, conditional logic, and Stripe payment integration

Spreadsheet-based rating engine that executes existing rating spreadsheets in the cloud

Rule-based underwriting engine that supports multiple warning types, including submission blocking and explanatory pop-ups

Automated document creation using existing PDFs or custom templates from MS Word documents

Infinitely configurable submission tracking and reporting system with custom calculated columns and exportable CSV/XLSX formats

Version control for all insurance product changes, ensuring traceability and auditability

Supersearch functionality for instant access to all customer data

Secure cloud infrastructure hosted on Amazon Web Services (AWS) with data encryption and two-factor authentication

Target Audience

The primary target audience includes insurance carriers, brokers, managing general agents (MGAs), and other insurance providers seeking to streamline product development, automate underwriting, and distribute insurance products online.