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 offers two products
IV Software. Our Web-based “Insurance Valuer” (IV) software will provide insurers with the ability to far more accurately assess risks they are insuring, allowing them to price those risks accordingly and provide enhanced services and solutions to 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.
Documents Plus. Provides consumers with electronic storage and retrieval of vital insurance, legal and financial documents and other information, accessible online from anywhere in 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 was successfully implemented by a number major Australian insurance companies, giving the ISL the opportunity to demonstrate its proven capabilities and operations.
Management Team
ISL’’s management is a combination of operational and consulting experience, which has allowed them to be successful in their business. 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, Mark Purowitz, Mark Metcalf and Mark Lloyd-Thomas are the President and Chief Executive Officer (CEO), Chief Operating Officers (COO) and Chief Information & Technical Officers (CIO). A minority share is reserved for investors who are able to contribute an additional $92,500 towards our start-up costs.
The Chance
Talks with potential customers revealed that they are dissatisfied with the products of competitors and are interested in our solutions. According to industry estimates, extensive research, and potential customer interest, our projections show that we will achieve a strong first-year net profit. These projections are conservative and reflect the ability of our products to help the insurance industry increase their premium revenues by $4.7 billion annually.
The Investment Offering
According to conservative projections, the founders plan to purchase this investment of $92,500 in the start-up for approximately $750,000 in the third year.
1.1 Keys To Success
Our unique and complementary online data collection systems, which fill a huge gap in the insurance industry today, will be key to our continued success. We will utilize our state of the art technology to:
- Meet the individual needs of each customer.
- Clearly differentiate our solutions from competitors;
- Provide superior service
ISL will create high product visibility and consumer awareness of our solutions by a consistent and carefully targeted marketing strategy. To increase credibility and promote growth, we will create a brand identity.
1.2 Objectives
Market our contents and property value software, and other solutions to insurance agencies and consumers profitably and successfully.
- Clients of insurance companies can achieve sales of $3.0 Million by Year 3 thanks to solutions.
- Web-based consumer solutions for $1.5 million in sales, also by Year 3.
1.3 Mission
ISL will:
- Allow insurers to accurately assess risks. This allows them to provide better services and solutions for their customers and to price these risks accordingly.
- The ability to lend small business and mortgage loans to customers
They need to make sure that collateral used to secure loans is properly insured to reduce their risk of losing collateral.