Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Assurant v2

5,666 views

Published on

Online Collections: Consumer debtors are sometimes stressed and/or embarrassed about their situation and the last thing they want is to deal with a number of phone calls from debt collection call center reps. Assurant is looking to create a “fair deal” for people in the collections process and provide them an online platform to resolve their debt situations. The product would be a digital platform that creates a more consumer-friendly, private collections experience for those with past due debts by allowing them to sign in and settle their debt in full, negotiate a settlement (with back-end data and algorithm), or work out a payment plan.

Social Platform for Insurance: Insurance started as people pooling their money together as a form of life insurance – over time, this has shifted to insurance carriers selling defined policies to individuals and putting them into a carrier-defined risk pool. Assurant is looking to put the power back in the consumer’s hands and harness the power of social and crowdfunding to allow consumers to form their own insurance pools, invite friends/family/colleagues, and contract directly back with the carriers for the things they need to protect in their lives. We want to build a digital platform that where consumers can invite others to participate in a “community pool” and contract for insurance coverages through Assurant or other carriers.

Warranty Platform: Assurant is looking to build a digital platform that acts as a single place to store and track all of a person’s purchases and associated warranties. Consumers can take a picture of their receipt (if purchased in retail store) or forward their purchase confirmation (if purchased online) to the interface and have that information in an organized, safe place. They can then be informed of when their warranty will expire, get any updates from the manufacturer, or choose to purchase additional protection for their products.

http://connect.switchpitch.com

Published in: Economy & Finance, Business
  • Was a little hesitant about using ⇒⇒⇒WRITE-MY-PAPER.net ⇐⇐⇐ at first, but am very happy that I did. The writer was able to write my paper by the deadline and it was very well written. So guys don’t hesitate to use it.
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • A professional Paper writing services can alleviate your stress in writing a successful paper and take the pressure off you to hand it in on time. Check out, please ⇒ www.HelpWriting.net ⇐
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Writing good research paper is quite easy and very difficult simultaneously. It depends on the individual skill set also. You can get help from research paper writing. Check out, please ⇒ www.WritePaper.info ⇐
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Sex in your area is here: ♥♥♥ http://bit.ly/39mQKz3 ♥♥♥
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Follow the link, new dating source: ♥♥♥ http://bit.ly/39mQKz3 ♥♥♥
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Be the first to like this

Assurant v2

  1. 1. 1 10/1/2013 Mark Bohen Sreten Gajic Adam Yaeger SwitchPitch: Digital Warranty Platform and Social Insurance Platform
  2. 2. 2 AGENDA Assurant Background Warranty Tracking: Digital Platform Insurance Risk Pools: Social Platform 1. 3. 2.
  3. 3. 3 ASSURANT BACKGROUND FORTUNE 500 SPECIALTY INSURER • Primarily B2B today, shifting toward consumer • Different by design • Four business units: • Specialty Property • Solutions • Employee Benefits • Health • Example program: T-Mobile JUMP!
  4. 4. 4 ASSURANT GROWTH FUTURE GROWTH: • Grow: macro trends create a tail wind for existing businesses like mobile phone insurance and renters insurance • Buy: like many public companies, a good deal of capital to invest in M&A • Build: New Ventures team operates as a team of intrapreneurs to create transformational new businesses outside of Assurant’s current scope Driving growth through transformational innovation
  5. 5. 5 WARRANTY PLATFORM A single place to store and track all of your purchases and associated warranties • Consumer Problem: warranties – with all the paperwork, forms, and expiration dates, it feels like they’re more hassle than they’re worth. And because they usually end up in a junk drawer, consumers never know which ones are still valid and end up writing off warranties altogether • Product: website and app that allows consumers to input receipts (paper or electronic) into a system and track the manufacturer/extended warranties associated with those purchases • Potential Monetization: provide extended warranties, data monetization, “consumer report” information, repair services
  6. 6. 6 WARRANTY PLATFORM Product Build • Product: functional beta web site and mobile app for consumers to engage with for Assurant to track usage • Time frame: 3 months to build and track usage, then decision to scale • Skills desired: web development, app development, OCR integration, customer acquisition • Assurant Brings: marketing, retail partnerships, functional support • Metrics: # sign ups, # devices added, continued engagement Other Notes • We are open to building from scratch or licensing existing platform(s) • Also open to customer acquisition strategies and platforms
  7. 7. 7 SOCIAL PLATFORM FOR INSURANCE Risk protection for the 21st century • Product : a digital platform to crowdsource your own risk pool to protect against unexpected events as opposed to being thrown into a carrier-dictated risk pool • Potential Features: deductible pooling, create your own risk pool with stop-gap • Potential Monetization: sale of insurance products, administration fees • Customer Targets: affinity groups, extended families, friends • Example #1: 15 friends get together to fund a claims pool and if an event occurs that exceeds the pool amount , insurer covers the rest • Example #2: 10 members get together to fund a deductible pool any member can pull from when they have an insurance claim
  8. 8. 8 SOCIAL PLATFORM FOR INSURANCE Product Build • Product: functional, digital platform beta where consumers can invite others to participate in a “community pool” and contract for insurance coverages • Time frame: 6 months to build and track usage, then decision to scale • Skills desired: web dev, app dev, API (to carriers and/or social networks), social platform experience, B2B partnerships • Assurant brings: marketing, functional support, insurance partnerships, insurance products • Metrics: # sign ups, # of risk pools, # of purchased coverages Other Notes • We are open to building from scratch or licensing existing platform(s) • Also open to customer acquisition strategies and platforms
  9. 9. 9 ONLINE COLLECTIONS PLATFORM A “Fair Deal” for people in the collections process • Customer Problem: consumer debtors are sometimes stressed / embarrassed about their situation and the last thing they want is to deal with a number of phone calls from debt collection call center reps • Product Solution: a digital platform that creates a more consumer-friendly, private collections experience for those with past due debts • Potential Features: settle your debt in full online, negotiate a settlement, setup a payment plan

×