InsurTech

Jetty (Personal)

Jetty.jpg

Being one of the rare exception, Broker Gizmos was aware of the renters deposit PASSPORT product by JETTY, before the renters offering itself.  Partially our of necessity, and possibly out of curiosity, we decided to pick-up a JETTY renters policy. The experience was freaking smooth. 

The thing that stuck out the most about the renters experience was they made it very clear you had some coverage from the standard policy, but you SHOULD get extra coverage to make sure you're properly covered for things like jewelry or electronics, should you actually need to use the policy.  Having a Property and Casualty background, we were very happy to see this.  You want an insurance policy to do what it's supposed to do.  By putting the extended coverage up-front and making it clear why you need it they're doing a great service to their customers.

Their PASSPORT product is very cool too.  It helps landlord and customers get security deposits covered, it's the cosigner you may not have, and they're willing and able to work with landlords on the customers behalf to make the process smooth.  In a world of skyrocketing rents, and usually a one sided relationship, it's awesome that JETTY is helping people get into places they'll love and cover them ponce they're there.

Here is what JETTY has to say about themselves on LinkedIn:

Jetty is a financial services company that designs products and solutions that help people reach their goals faster by removing obstacles and risks. Currently, Jetty focuses on solving the problem of renting a place through a novel offering of financial services and insurance products that reduce headaches for consumers and property managers. Offered in combination or à la carte and accessible over any digital device, Jetty products are widely available across the United States; the Company aims have its offering available fully nationwide within 2018. Ready to Jetty? Visit us at www.jetty.com.

HazardHub USA (Carrier)

tornado-2090803_1920.jpg

HubHazard caught our eye because it is at the core of what insurance is all about, being prepared for a sudden and accidental event, they keep an eye out for the big boy risks too.

HazardHub collects info on catastrophic and non-catastrophic but still dangerous risks, and gives free personal lines consumer reports, and consults commercial companies.  These major "Black Swan" events are more and more common these days, and HazardHub gives a breakdown of the likelihood of these instances effecting your home or business, with reports on everything from underground storage tanks, feet to the true coastline, and feet from a fire-hydrant.

Here's what they have to say about their own company on LinkedIn:

HazardHub creates third-generation geospatial risk databases for the continental United States. We build databases for -

Air - Tornado, Straight Line Wind, 2" Hail, Hurricane
Fire - Wildfire, Fire Protection Class
Water - FEMA Flood, Distance to River/Stream, Storm Surge, Tsunami
Earth - Earthquake, Distance to Nearest Fault
Human - Superfund, Brownfield, Fracking Induced Earthquake

Want to see how your property measures up? Enter your address into our consumer site, www.freehomerisk.com, to get a report card on a location. For free!

Here's their website: hazardhub.com

Friendly Agent Bot (Broker)

Bot.png

Independent agents have had good reason to be worried about InsurTech, and major carriers going direct to consumers.  Luckily though, companies like Friendly Agent Bot are coming to the rescue!

With AI bots assisting local brokers, just like the major carriers would, they're allowing the little guys to play like the big boys.  With these bots handling simpler tasks and conversation, it frees up time for agents to connect with customers on a deeper level.

Here's what they had to say in their "about" on their own website:

Insurance Agents/Agencies/Brokers

  • We have ready to install Chatbots for multiple lines of businesses which can be configured based on your business need
  • We can create Chatbot specific to your business needs
  • Run marketing campaigns using online channels like Facebook Ads/ Google ads.

Insurance Buyers

  • We can connect you to Insurance Agent who can help you in finding insurance which meet your need at best price.

Here's their website:

friendlyagentbot.com

Broker Buddah (Broker)

buddha.jpg

I was introduced to Broker Buddha by Ryan Hanley's Agency Nation podcast, easily one of the top podcast on insurance and marketing.

RightSignature is a great app for getting docs signed, I've loved using it.  Broker Buddha takes that, or Doc U Sign, to the next level.  They allow you to be able to pre-populate insurance forms, take out un-needed sections, or repeat (reminds me of TaxAct) forms from a year before but make needed headcount or revenue edits.

Apart from the direct form features themselves, BrokerBuddha will have reminders to your clients for the docs, and integrate to your agency management system to avoid double entries. This technology sounds like it'll help cut out the last generation motions (driving to a customer, entering in data manually) and enable deep connections  and more thorough work.

Here's their website for a deeper dive:

brokerbuddha.com

@brokerbuddha

It tells the state of the company more thna anything, but here's their LinkedIn about us:

We're in private beta at the moment. Stay tuned for more news from us later this year. Get in touch with cyrus@brokerbuddha.com if you'd like to learn more.