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 offers two products
IV Software. The Web-based Insurance Valuer (IV), will give insurers the ability to much more accurately estimate risks that they are insuring. This will allow them to price these risks appropriately and offer customers enhanced services. 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. IV software is available for direct-to consumer sales. It provides an accurate, independent valuation of property and links to insurance agencies.
Documents plus. Allows consumers to electronically store and retrieve vital financial, legal, and insurance documents. This information is accessible online from any location in the world. Our solutions will give consumers the assurance that their contents and property are covered. They also have the confidence that their financial documents, insurance and vital information are safe and 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.
Management Team
ISL’s management has proven entrepreneurial and management skills to succeed with a rare combination of consulting and direct operational experience within the insurance and broader financial services 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). The three managing partners are president and Chief Executive Officer (CEO), Hugh Lloyd-Thomas, Chief Operating Officer (COO) Mark Purowitz, and Chief Information and Technical Officer (CIO) Mark Metcalf. A minority share is reserved for investors who are able to contribute an additional $92,500 towards our start-up costs.
The Chance
Our potential customers have expressed disappointment in the products of their competitors, and they have shown a strong 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 and reflect the ability of our products to help the insurance industry increase their premium revenues by $4.7 billion annually.
The Investment Opportunity
The founders expect to buy the investment of $92,500 at $750,000, based on conservative projections.
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 allow us to:
- Closely meet the needs of each customer;
- Our solutions will be clearly distinguished from other providers
- Provide exceptional service
ISL will use a consistent and targeted marketing strategy to increase awareness and product visibility of our solutions. To enhance credibility, encourage growth and increase trust, we will establish a brand image and develop good client relationships.
1.2 Objectives
Our property and contents valuation software as well as additional solutions for insurance companies and consumers can be successfully and profitably marketed.
- Clients of insurance companies can achieve sales of $3.0 Million by Year 3 thanks to solutions.
- Web-based consumer solutions can also achieve $1.5million in sales by Year 3.
1.3 Mission
ISL will:
- Provide insurers the ability to far more accurately assess risks, allowing them to price those risks accordingly and provide enhanced services and solutions to their customers.
- The ability to lend small business and mortgage loans to customers
means to ensure that the collateral they are using to secure their loans is properly insured, to minimize their risk of loss should the collateral property be damaged, lost or stolen.
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