InsureScan Overview

1. Executive Summary

InsureScan is a fast-growing InsurTech MGA revolutionizing auto insurance distribution through cutting-edge technology and data-driven underwriting. We’ve reached $4.5M in GWP and project $7.1M in 2025 (Currently $6.1M), $14M in 2026, and $40M by 2027.
Seeking $1.0M for expansion, marketing, and tech enhancements with strong ROI potential.

2. Market Opportunity

The U.S. auto insurance market exceeds $316B; the Southeast alone represents $100B. MGAs write $60B+ annually, growing 6–8%. InsureScan targets 1% of this market through 3,000 licensed agencies in 10 states. Our long-standing 30-year relationships with over 2,000 agencies form the foundation of rapid expansion. We're not building, we're scaling.

3. Business Model & Revenue Streams

• Commissions: 18% provisional + 12% bonus
• Policy Fees & Ancillary Income: ~11%
• Claims Handling (In-house): 9% LAE efficiency

4. Proprietary Technology

InsureScan’s patented mobile app issues policies in 90 seconds with a simple driver’s license scan. The app prefills using over 1000 data points for vehicle, household, court record, and fraud detection. Agents can quote, bind, and service customers instantly, anywhere, anytime — all from one platform. 100's of agents are using the app now.

5. App Features

6. Growth Metrics

7. Competitive Edge

• Zero-cost MVRs — saves agents $10–$15 per quote
• Independent agents = variable cost structure
• In-house claims with a 16 day average claims closure, maintaining a 50% loss ratio
• Direct competitors bear heavy fixed advertising & staffing costs

8. Use of Funds

• Technology Enhancement — 30%
• Sales & Distribution Expansion — 40%
• Operational Scaling — 30%

With $300K per new state, InsureScan’s scalable model yields exponential ROI through strategic partnerships and capital leverage.

Contact

Mark Chappell — President & CEO

mark@insurescan.com • 334-466-8023