Q All right, man. So tell us about InsurMe. What's the company doing and how do you monetize? What's your business model?
A Yeah. So we are a digital engagement platform built for the insurance industry. So we enable, uh, legacy carriers that are traditionally reliant on agents and brokers to, uh, take a direct to consumer approach to selling a policy, filing a claim for a policy holder or, uh, providing customer service. Um, our business model is that we are a, uh, we, we're a SAS model. So we charge a monthly licensing fee, um, in addition to a installation and, and other Uh, set of fees. Um, but we're a simple, you know, SAS monthly fee. We charge, um, 15,000 a month, uh, to every carrier, but that's just kind of our starting point. So we were founded, uh, two and a half years ago as a comparison site. Uh, we launched that out, uh, joined the global insurance accelerator, and we're pitching our solution to all these different insurance companies. And, um, They all wanted what we had built for the comparison site. So we looked at the market and saw that it was a greenfield, um, legacy companies wanted a new way to do business. So we pivoted to the white labeled offering.
AI assessment note: “our business model is that we are a SAS model. So we charge a monthly licensing fee”