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Presentation to NAIC, D Committee - December 2016

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Dan Karr, Founder and CEO

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“Carfax for Insurance”
Forbes

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© ValChoice 2016
Press Coverage

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Presentation to NAIC, D Committee - December 2016

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Presentation to National Association of Insurance Commissioners (NAIC) committee for Market Regulation and Consumer Affairs, "D" committee.

Presentation to National Association of Insurance Commissioners (NAIC) committee for Market Regulation and Consumer Affairs, "D" committee.

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Presentation to NAIC, D Committee - December 2016

  1. 1. Dan Karr, Founder and CEO
  2. 2. “Carfax for Insurance” Forbes
  3. 3. © ValChoice 2016 Press Coverage
  4. 4. © ValChoice 2016 Awards Won $120,000 BizSpark Plus Award Nearly $250,000 in awards won
  5. 5. © ValChoice 2016 Data Mining/ Analytics User Surveys Insurance Other Markets
  6. 6. © ValChoice 2016 ValChoice Founder • Silicon Valley CEO, VP marketing and sales • Background in mathematics & engineering • Startup to multi-billion dollar valuation, twice Advisors • Founder and CEO that has built and sold data companies • Insurance industry insiders
  7. 7. © ValChoice 2016 $750 billion per Year Mandated Spending Amount Rapidly Increasing The Consumer Problem
  8. 8. © ValChoice 2016 The Consumer Problem 2000 to 2015 Average % Change Data source: iii.org * Federal Reserve Board *
  9. 9. © ValChoice 2016 The Insurer Problem Lack of Differentiation
  10. 10. © ValChoice 2016 Solution: Differentiation
  11. 11. © ValChoice 2016 The Universal Problem No Independent, Unbiased, Performance Metrics
  12. 12. © ValChoice 2016 ValChoice Price Protection Service The only service that measures auto and home insurance for
  13. 13. © ValChoice 2016 The Consumer Cute Jingles Catchy Phrases
  14. 14. © ValChoice 2016 The Solution/Service Free for every consumer Also Available Comparisons Trends Best companies Details
  15. 15. © ValChoice 2016 What Customers Are Saying “I saved $2,781 per year on my car insurance.” David W., New Hampshire
  16. 16. © ValChoice 2016 Free Reports for Every Consumer Easy-to-understand Help consumers make better decisions Promote competition
  17. 17. Why We Should Work Together to Deliver Transparency
  18. 18. Why We Should Work Together to Deliver Transparency Transparency Promotes Competition in Both Price and Service
  19. 19. © ValChoice 2016 Transparency Aligns Values Creates Opportunity
  20. 20. © ValChoice 2016 Airlines as an Example
  21. 21. © ValChoice 2016 Helping in Your State • Helping your constituents by promoting competition o Controlling prices o Enhancing service levels o Minimizing claims issues o Free service for consumers • Working together o Unique data analysis for early identification of trends and issues o Hand me your business card

Editor's Notes

  • Carfax sold for $1.4 billion
  • Grateful for the awards and press we’ve received
  • Grateful for the awards and press we’ve received

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