FOUNDING YEAR: 2016LOCATION:AustraliaLast Update:Company priority:In fund-raising mode.
MEDICI analysts will analyze Prince Insure soon
Prince Insure is an early stage InsurTech start up looking to innovate through a technology platform the affinity/professional lines space world-wide. We are currently developing a professional to professional insurance platform, based on the peer to peer insurance concept. Prince in partnership with professional member associations will provide professional liabilities insurance to professional communities & bring professional communities together. It’s aim is to change the way professionals interact with their professional insurance & build social communities where professionals can engage with their peers/colleagues. This interaction will make them change their behaviour that give rise to claims & improve insurance portfolio performance. Professional Insurance Communities (PIC) will also be able to see in real time how their insurance portfolio is performing from a claims, expense and profit point of view. All profits get paid back to the professional communities. All these functions will be on the digital insurance platform which is in development. Prince is all about protecting, investing & enhancing professional communities
MEDICI analysts will analyze Prince Insure soonI'm a passionate Insurance professional with almost 18 years experience in the General Insurance industry across a number of roles in Australia. I have recently began the journey of own InsurTech Start Up Prince Insure. I have a deep passion for InsurTech & believe this is great opportunity to improve the industry in leaps & bounds. InsurTech will make a boring grudge purchase like insurance exciting, fresh & bring communities together. InsurTech will make the customer feel like they have control of their insurance & this will engage them on a level never seen in our industry. I truly believe this but I feel in this country Australia (which I love) we are so far behind the rest of the world on the InsurTech..it's like were asleep. I hope to build an InsurTech ecosystem in Australia, so new InsurTech start ups in Australia don't go through the frustrations that I'm experiencing. My InsurTech start up is Peer to Peer Insurance but with a niche focus on a particular area of insurance where I believe with my experience has the greatest affinity. This affinity will bring communities together & change they way they act, feel about their insurance. It will make them change their behaviour to reduce claims & also be able to see how their insurance community is performing from claim, expense & profit view. All these functions will be on the app I'm developing for my start up