FinovateFall 2015 / InforcePRO
Presenter Profile:
How they describe themselves: Post-sale software solutions for the life insurance market. Insurance carriers and distributors have historically overlooked the post-sale proactive customer service, up-sell, and cross-sell opportunities. Compliance requirements also mandate ongoing reviews of inforce policies. There are over 1.5M agents globally who deal with life insurance and are part of InforcePRO’s target market.
How they describe their product/innovation: The real-time policy review tool allows life insurance distributors to run policy reviews instantly. InforcePRO has legacy rate tables, contractual knowledge on legacy products, new quotes capability, and extensive analysis algorithms to identify sales and service opportunities on ANY policy sold in the last 30 years.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
Contacts:
Bus. Dev. & Press: Karan Kanodia, Co-Founder
Sales: Cameron Jacox, Co-Founder
Website: inforcepro.com
Blog: blog.inforcepro.com
Twitter: @inforcepro
HQ: Austin, TX
Founded: November 2013
Product Demoed: Real-time policy analysis
Product Launch: August 2015
Metrics: $1M raised, 22 employees, 1,000 registered users
Presenters: Karan Kanodia (Founder),
Cameron Jacox (Co-Founder)
- Key Executives
Karan Kanodia (Co-Founder), Cameron Jacox (Co-Founder)
Key Stats
- Key Board Members
Justin Brown (Board Member), Jim Morris (Board Member), Karan Kanodia (Co-Founder), Cameron Jacox (Co-Founder)
- Key Investors
Justin Brown (River Ranch Capital), Jim Morris (River Ranch Capital)
- Key Customers
InforcePRO’s customer base consists of some of North America’s largest commercial banks such as Scotia Bank of Canada, large and small distribution companies, and independent brokerage houses.