Insurance Solutions LLC (ISL) will become the premier provider of Web-based property and contents valuation software to consumers, insurance companies and their affiliated organizations/partners, mortgage and small business lenders and their customers. ISL has two products.
IV Software. Insurers will be able to more accurately evaluate the risks they insure, and then price them accordingly to provide better services to their customers. Additionally, small business lenders and mortgage clients will have the ability to make sure that the collateral they use to secure their loans are properly valued and insured. This will help to reduce financial risk in the event of the collateral being lost, damaged, stolen, or destroyed. The IV software can be used to provide a direct-to customer valuation and link to replacement property websites and insurance agencies for an immediate response.
Documents Plus. Provides consumers with electronic storage and retrieval of vital insurance, legal and financial documents and other information, accessible online from anywhere in the world. Our solutions will provide consumers with the peace of mind that the value of their property and contents insurance are fully covered and that their vital insurance, legal and financial documents and information is up-to-date and is safely stored and fully accessible.
The IV software is being sold to and successfully implemented in Australia by major insurance companies. This gives the ISL the ability showcase its operations and capabilities.
ISL’’s management have demonstrated entrepreneurial and management skills to achieve success with a rare combination consultative and operational experience within the insurance industry and broader financial service marketplace. ISL is a privately held Limited Liability Corporation, (LLC), which is jointly owned and advised by its three chief officers as well as Michael Bartlett (the founder of ISL’’s Australian affiliate International Cost Research). Hugh Lloyd-Thomas (CEO) and Hugh Lloyd-Thomas (COO), Mark Purowitz (COO), Mark Metcalf (CIO), respectively, are the three managing partners. A minority stock is reserved for a fifth investor who can provide us with the additional $92,500 needed for start-up costs.
Potential customers with whom we have spoken are disappointed in our competitorsâ€™ products and have, without exception, shown significant interest in our solutions. Our projections for a strong net profit within the first year have been based on industry estimates, extensive research and the interest shown by potential customers. These projections are conservative in nature and reflect our products’#8217; ability help the insurance sector increase their premium revenue by approximately $4.7 million per year.
The Investment Opportunity
According to conservative projections, the founders plan to purchase this investment of $92,500 in the start-up for approximately $750,000 in the third year.
1.1 Keys to Success
Our unique online data-retrieval systems that are complementary to the current insurance market will be key to our success. Our state-of-the-art technology will be used to:
- Closely meet the needs of each customer;
- Differentiate your solutions clearly from other competitors
- Service excellence
ISL will create high product visibility and consumer awareness of our solutions by a consistent and carefully targeted marketing strategy. We will build a brand identity, and establish good client relationships that increase credibility and encourage growth.
Our property and contents valuation software as well as additional solutions for insurance companies and consumers can be successfully and profitably marketed.
- Solutions marketed to insurance company clients to achieve $3.0 million in sales by Year 3.
- Web-based consumer services to make $1.5 million in annual sales.
ISL will be:
- Insurers will be able to more accurately evaluate risks. They can then price these risks appropriately and offer enhanced services and solutions to customers.
- You can lend small business loans and mortgages to your clients
means to make sure the collateral they use for their loans is adequately insured. To minimize the risk of their collateral property being damaged, lost, stolen or stolen.
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