Company Profile: InsureTechX

Overview:

InsureTechX is a forward-thinking startup that is reshaping the insurance industry

through strategic partnerships with established insurance companies. Our innovative

platform provides users with easy access to a diverse range of insurance policies, while

simultaneously helping insurance companies expand their reach and customer base. By

leveraging technology and collaboration, we are revolutionizing the way insurance is

accessed and experienced.

Mission:

Our mission is to bridge the gap between insurance companies and customers by

offering a seamless and user-friendly platform that simplifies the insurance process. We

strive to make insurance more accessible, convenient, and tailored to individual needs.

Through our strategic partnerships, we aim to empower both insurance companies and

customers to thrive in the digital age.

Vision:

At InsureTechX, our vision is to create a future where insurance is easily accessible to

all, regardless of their background or circumstances. We envision a world where

insurance companies can efficiently expand their customer base and offer personalized

solutions, while customers can effortlessly find and purchase the insurance coverage

they need. By fostering collaboration and leveraging technology, we are driving the

transformation of the insurance industry.

Key Offerings:

1. Strategic Partnerships:

We collaborate with established insurance companies to offer their insurance policies

through our platform. This allows insurance companies to tap into new customer

segments and expand their reach while providing users with a wide range of insurance

options.

2. User-Friendly Platform:

Our platform is designed with the user in mind, offering a seamless and intuitive

experience. Users can easily browse, compare, and purchase insurance policies, all in

one place. We prioritize simplicity and convenience to ensure a positive customer

experience.

3. Personalized Insurance Solutions:

We understand that every individual has unique insurance needs. Through our platform,

we provide personalized insurance solutions that cater to the specific requirements of

each customer. By leveraging data analytics and advanced algorithms, we match

customers with the most suitable insurance policies.

4. Technology-driven Innovation:

We harness the power of technology to drive innovation in the insurance industry. Our

platform utilizes advanced algorithms, data analytics, and automation to streamline

processes, enhance efficiency, and deliver a superior insurance experience.

Core Values:

1. Customer-Centricity:

We prioritize the needs and satisfaction of our customers. Their experience is at the

heart of everything we do, and we continuously strive to exceed their expectations.

2. Collaboration:

We believe in the power of collaboration and partnerships. By working closely with

established insurance companies, we create mutually beneficial relationships that drive

growth and innovation.

3. Innovation:

We embrace innovation and constantly seek new ways to improve and transform the

insurance industry. We are not afraid to challenge the status quo and push boundaries

to create positive change.

4. Integrity:

We uphold the highest ethical standards in all our interactions. Transparency, honesty,

and trust is the foundation of our relationships with customers, partners, and

stakeholders.

Company structure

CEO: Yared Teferra

● Oversee all aspects of company strategy and operations

● Lead fundraising efforts and external partnerships

● Represent the company publicly and make major decisions

CTO: Fekadu Taye

● Manage technology development and infrastructure

● Lead engineering and product management teams

● Oversee AI/ML, mobile, and analytics platforms

VP Engineering: Bekuretsion Tsegaye

● Direct software engineering projects

● Hire and manage the engineering team

● Ensure technical performance and scalability

Chief Design Officer (CDO): Ermias Zergaw

● Experienced design professional to oversee all aspects of design

● Manages a dedicated design team

● Works closely with CTO to ensure the design meets tech requirements

VP Business Development: Maheder Mulusew

● Manage partnerships with insurance companies

● Oversee business operations and revenue models

● Lead business operations, pricing, and licensing

Business Model: InsureTechX

InsureTechX operates on a B2B2C (Business-to-Business-to-Consumer) business

model, leveraging strategic partnerships with established insurance companies to offer

a comprehensive insurance platform. Our business model focuses on creating value for

both insurance companies and end-users by streamlining the insurance process and

enhancing customer experience.

Key Elements of our Business Model:

1. Strategic Partnerships:

InsureTechX forms strategic partnerships with established insurance companies. These

partnerships allow us to offer a wide range of insurance policies from multiple providers

on our platform. By collaborating with these companies, we provide them with an

additional distribution channel to reach new customer segments and expand their

market presence.

2. Platform-as-a-Service (PaaS):

InsureTechX operates as a platform-as-a-service, providing a user-friendly and intuitive

platform for customers to browse, compare, and purchase insurance policies. Our

platform serves as a one-stop-shop, offering a seamless and convenient experience for

users to access a diverse range of insurance options.

3. Revenue Sharing:

InsureTechX generates revenue through a revenue-sharing model with our insurance

partners. We earn a commission or fee for each insurance policy sold through our

platform. This model ensures a mutually beneficial relationship, where both

InsureTechX and our partners share in the success of the business.

4. Data Analytics and Insights:

InsureTechX leverages data analytics and advanced algorithms to gather insights on

customer behaviour, preferences, and trends. This data is used to provide valuable

analytics and insights to our insurance partners, enabling them to improve their

underwriting processes, risk assessment, and customer segmentation. We may charge

a fee for these data analytics services, creating an additional revenue stream.

5. Customer-Centric Approach:

InsureTechX places a strong emphasis on customer satisfaction and aims to provide a

personalized and tailored insurance experience. By leveraging technology and data

analytics, we match customers with the most suitable insurance policies based on their

specific needs and preferences. This customer-centric approach enhances customer

loyalty and drives repeat business.

6. Continuous Innovation:

InsureTechX is committed to continuous innovation and staying at the forefront of

technological advancements in the insurance industry. We invest in research and

development to enhance our platform, improve user experience, and introduce new

features and services that meet the evolving needs of our customers and partners.

By operating on this business model, InsureTechX creates value by simplifying the

insurance process, expanding market reach for insurance companies, and providing

customers with a convenient and personalized insurance experience.

Extra Questions

Phone Number

+251 90 046 5274

Phone Number 2

+251 912117812

LinkedIn Profile Link

https://www.linkedin.com/company/insuretechx/

Job Title

CEO

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