The startup offers an insurance distribution platform that integrates proprietary APIs with insurers and distributor CRMs to streamline the business insurance distribution process. By providing data analytics capabilities, the platform enhances productivity and reduces the time required for distributors and insurers to manage their operations.
Funding
$42.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The commercial insurance distribution process is often inefficient due to fragmented systems and a lack of data integration between insurers and distributors. This leads to increased administrative overhead, slower response times, and missed opportunities for both parties.
Solution
Thinksurance provides a platform designed to streamline the distribution of commercial and industrial insurance products. The platform integrates insurer APIs with distributor CRMs, creating a unified environment for managing the entire insurance lifecycle. By digitizing advisory processes and offering data analytics capabilities, Thinksurance enables brokers, agents, and insurers to optimize product development, improve performance, and enhance customer experience. The platform's Advisory Suite offers a comprehensive set of tools for needs analysis, risk assessment, and customer management, all within a single interface.
Target Audience
The primary target audience includes commercial and industrial insurance brokers, agents, insurers, pools, distributors, and banks seeking to streamline their insurance distribution processes and enhance customer engagement.
Features
- Advisory Suite: A comprehensive platform for managing advisory and support processes.
- Consult Direct: Enables digital advisory processes within a chosen environment.
- Data Suite: Leverages data analytics to improve product development and performance.
- Digital risk assessment: Intelligent questionnaires for various product lines, industries, and professions.
- Real-time tariff calculation: Access to a wide range of tariffs with structured overviews of premiums and features.
- Tendering platform: Facilitates efficient requests for proposals and streamlined offer generation.
- Condition comparison: Provides a detailed comparison of tariff features.
- Customer and contract management: Centralized management of customer data and contracts.
- Portfolio analysis: Identifies coverage gaps and opportunities for optimization.
- Integration capabilities: Seamless integration with existing broker management systems and insurer APIs.