Industry-specific Software Business Plan
Insurance Solutions LLC (ISL) will become the premier provider of Web-based property and contents valuation software to consumers, insurance companies and their affiliated organizations/partners, mortgage and small business lenders and their customers. ISL has two products.
IVS Software. Insurance companies will now be able to use the Web-based ‘#8220’Insurance Valuer (IV) software to better assess and price risks. They can also provide more services and solutions for their customers. In addition, our mortgage and small business lending clients will be able to ensure that the collateral they are using to secure their loans is properly valued and insured to minimize their financial risk should the collateral property be damaged, lost or stolen. The IV software can be used to provide a direct-to customer valuation and link to replacement property websites and insurance agencies for an immediate response.
Docs Plus. Offers consumers electronic storage and retrieval, as well as other information, of vital insurance, legal and financial documents. It is available online from anywhere around the world. Our solutions will provide consumers with the peace of mind that the value of their property and contents insurance are fully covered and that their vital insurance, legal and financial documents and information is up-to-date and is safely stored and fully accessible.
The IV software has been successfully sold to a number insurance companies in Australia, giving the ISL the chance to display its proven capabilities.
The Management Team
ISL’’s management have demonstrated entrepreneurial and management skills to achieve success with a rare combination consultative and operational experience within the insurance industry and broader financial service marketplace. ISL Limited Liability Corporation is privately owned. Its three principal officers, as well an advisor Michael Bartlett, who founded ISL’s Australian affiliate International Cost Research (ICR), are jointly owners. Hugh Lloyd-Thomas serves as president and chief executive officer (CEO), Mark Purowitz serves as Chief Operating Officer and Mark Metcalf is Chief Information and Technology Officer (CIO). A minority stock will be reserved for the fifth investor that can help us pay the additional $92,500 for our start-up expenses.
The Opportunity
Potential customers with whom we have spoken are disappointed in our competitors’ products and have, without exception, shown significant interest in our solutions. Industry estimates, significant research, and interest on the part of potential customers have led to our projections of reaching a strong net profit in the first year. These projections represent conservative estimates and our products’#8217’ ability to aid the insurance industry in increasing their premium revenues by approximately $4.75 billion each year.
The Investment Offering
Based on conservative projections, the founders intend to buy out this $92,500 start-up investment in the third year at roughly $750,000.
1. Keys to Success
Our unique online data-retrieval systems that are complementary to the current insurance market will be key to our success. We will utilize our state of the art technology to:
- Meet the individual needs of each customer.
- Differentiate your solutions clearly from other competitors
- Superior service
ISL will use a consistent and targeted marketing strategy to increase awareness and product visibility of our solutions. To increase credibility and promote growth, we will create a brand identity.
1.2 Objectives
We are able to successfully and profitably sell our contents and property valuation software, as well as other solutions to insurance companies and consumers.
- Solution marketing to clients of insurance companies to reach $3.0M in sales per year
- Web-based consumer solutions to achieve $1.5 million in sales also by Year 3.
1.3 Mission
ISL will be:
- Give insurers the ability of assessing risks more accurately, allowing them price risks accordingly and providing enhanced services to their customers.
- You can lend small business loans and mortgages to your clients
means to ensure that collateral they use to secure loans are properly insured. This reduces their risk of being held responsible for collateral loss, theft, damage, or loss.
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