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

1. Dan Karr, Founder and CEO

3. “Carfax for Insurance”
Forbes

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Press Coverage

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Awards Won
$120,000 BizSpark
Plus Award
Nearly $250,000 in awards won

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Data Mining/
Analytics
User Surveys
Insurance
Other Markets

7. © 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

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$750 billion per Year
Mandated Spending
Amount Rapidly
Increasing
The Consumer Problem

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The Consumer Problem
2000 to 2015 Average % Change
Data source: iii.org
* Federal Reserve Board
*

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The Insurer Problem
Lack of
Differentiation

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Solution: Differentiation

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The Universal Problem
No Independent, Unbiased,
Performance Metrics

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ValChoice
Price Protection Service
The only service that measures auto and home insurance for

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The Consumer
Cute
Jingles
Catchy
Phrases

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The Solution/Service
Free for every consumer Also Available
Comparisons
Trends
Best companies
Details

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What Customers
Are Saying
“I saved $2,781 per year on my car insurance.”
David W., New Hampshire

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Free Reports for Every Consumer
Easy-to-understand
Help consumers make
better decisions
Promote competition

18. Why We Should Work
Together to Deliver
Transparency

19. Why We Should Work
Together to Deliver
Transparency
Transparency Promotes Competition in Both
Price and Service

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Transparency
Aligns Values Creates Opportunity

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Airlines as an Example

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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