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Dan Karr, Founder and CEO
“Carfax for Insurance”
Forbes
© ValChoice 2016
Press Coverage
© ValChoice 2016
Awards Won
$120,000 BizSpark
Plus Award
Nearly $250,000 in awards won
© ValChoice 2016
Data Mining/
Analytics
User Surveys
Insurance
Other Markets
© ValChoice 2016
ValChoice
Founder
• Silicon Valley CEO, VP marketing and sales
• Background in mathematics & engineering
...
© ValChoice 2016
$750 billion per Year
Mandated Spending
Amount Rapidly
Increasing
The Consumer Problem
© ValChoice 2016
The Consumer Problem
2000 to 2015 Average % Change
Data source: iii.org
* Federal Reserve Board
*
© ValChoice 2016
The Insurer Problem
Lack of
Differentiation
© ValChoice 2016
Solution: Differentiation
© ValChoice 2016
The Universal Problem
No Independent, Unbiased,
Performance Metrics
© ValChoice 2016
ValChoice
Price Protection Service
The only service that measures auto and home insurance for
© ValChoice 2016
The Consumer
Cute
Jingles
Catchy
Phrases
© ValChoice 2016
The Solution/Service
Free for every consumer Also Available
Comparisons
Trends
Best companies
Details
© ValChoice 2016
What Customers
Are Saying
“I saved $2,781 per year on my car insurance.”
David W., New Hampshire
© ValChoice 2016
Free Reports for Every Consumer
Easy-to-understand
Help consumers make
better decisions
Promote competiti...
Why We Should Work
Together to Deliver
Transparency
Why We Should Work
Together to Deliver
Transparency
Transparency Promotes Competition in Both
Price and Service
© ValChoice 2016
Transparency
Aligns Values Creates Opportunity
© ValChoice 2016
Airlines as an Example
© ValChoice 2016
Helping in Your State
• Helping your constituents by promoting competition
o Controlling prices
o Enhanci...
Presentation to NAIC, D Committee - December 2016
Presentation to NAIC, D Committee - December 2016
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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.

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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

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