InsuredMine, a Dallas-based InsurTech startup focused on providing consumer-focused tools for insurance management, has announced the release of the company’s insurance management app for both iOS and Android users. Founded in 2017, InsuredMine is a member of the Global Insurance Accelerator’s (GIA, Des Moines) 2018 cohort.
InsuredMine provides what it calls a “digital closet” for individual consumers to manage their insurance information. The InsuredMine app consolidates consumer access to all insurance information, and allows users to set reminders for payment due dates to help eliminate late payments and unexpected fees. The app is also designed to simplify the set-up process for users, and provides consumers the ability to connect existing insurance accounts by simply uploading a PDF, or an image of a policy declaration page which can be analyzed and interpreted by InsuredMine’s artificial intelligence (AI) engine.
“As consumers face more choice and complexity in terms of choosing insurance companies and coverages, InsuredMine is excited to be out there with an app that helps any consumer manage multiple policies across different insurance companies on a single dashboard,” comments Raution Jaiswal, CEO and co-founder, InsuredMine. “As part of the GIA’s 2018 cohort, InsuredMine hopes to expand our network of partner insurance companies and gain exposure to a much larger industry audience.”
With a greater ability to see insurance policies and coverages in one place, consumers get better insight into premium variances and potential coverage gaps. The InsuredMine app is available immediately as a feature of the flagship InsuredMine online tool currently being used by early adopters.
Working with Insurance Carriers
Based on the benefits of InsuredMine offers to consumers, the company will work in partnership with insurance carriers to match consumers with the right policies, according to Jaiswal.
“We will interface with users through their policies by co-developing APIs for greater user data compatibility,” he explains. “We will generate higher product density and more opportunities for cross-promotion. With the carriers’ help we will provide better customer insight for higher qualified leads and more engagement.”