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Website: Real - Time Quotes For Auto / Home Insurance
Location: United States -> Texas -> Dallas/Fort Worth -> Dallas
Industry: Technology – Internet Related > Web Design and Software Development

Business Summary

Our client offers the ability for customers (and/or insurance agents) to use a website to enter a customer's information to get real-time personalized quotes for auto and homeowner insurance policies (from multiple independent insurance carriers as appointments allow). These quotes can be presented on the website for a follow through by insurance agents to bind the policy later. There are several companies which accomplished this capability (e.g. Gabi, Zebra, Jerry) by investing tens of millions of dollars. Otherwise, what is available to regular insurance agencies currently are cookie-cutter form and rating functionalities which are not possible to modify according to agencies' needs.

Depending on the acquirer's future business case, the capabilities our client developed can be used within weeks.

The founding team established partnerships to allow its own sales as an independent insurance brokerage, and developed the initial phase of back-end capabilities to get quotes online for auto and homeowner policies. Capabilities developed that can be worth for other companies (available to view via demo):

1. Online rating for auto and home policies. Our client developed the platform to capture full information from customers for auto and home policies, and get a quote for them for the insurance companies partnered with, and present these quotes online.

2. Besides these integrations, our client developed 2 Personalization engines, which can serve as differentiated customer-facing features, and address some of the existing customer pain points of buying insurance in the marketplace today.

3. Our client established partnerships to enable operations as an independent and technology-based insurance brokerage.

a. Appointments: Our client has appointments with some of the largest insurance companies in the nation.

Our client owns all code, processes, and websites which they will transfer in full to a buyer. The full tech stack and hosting will be disclose


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $157,800
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2019
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason For Selling:  Other business interests.

Print Listing Id: 700370852
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