Co-Founder & CTO, CPO: John Cammarata; jpc@insurelife.io
Co-Founder & CEO: Geoffrey Tetrault; gtetrault@insurelife.io
AI-Powered Insurance Distribution Platform
We help Banks & Credit Unions Grow Insurance Revenue Automatically
PROBLEM
)
50%
Strong Consumer Preference to purchase insurance from Banks and Credit Unions in US
3%
But Banks and Credit Unions Distribute Only 3% of insurance in the US*
10X
Missed Growth Opportunity for US Banks & Credit Unions
*Global Bancassurance model distributes 30%
SOLUTION
)
Discover
insurance consumers & engage them with personalized advice
A White-Label AI-Powered Insurance Distribution Platform enabling Banks & Credit Unions to automatically:
Grow Revenue
via revenue share on new business & renewals
Transact
insurance consumers for auto-issuance, assistance, claims
Cross Sell
insurance consumers with personalized recommendations
PRODUCT
)
1. Discover & Engage
2. Assist & Transact
3. Cross Sell
MARKET
)
US Banking Insurance Distribution is An Underpenetrated Sector
InsureLife Opportunity
1 Billion market capture L&H
Future growth in P&C lines
Market
4000+ US Banks*
50% Consumer Preference**
$2.7 T
$<3.5 B
US Annual Insurance Premium
<1% US Bank Insurance
Distribution L&H Penetration
$ 4.3 T
$1.29 T
Non-US Annual Insurance Premium
30% Non-US Bank Insurance
Distribution Penetration
(Bancassurance)
$353 B L&H
REVENUE MODEL
)
InsureLife is a BGA* generating revenue per transaction
*Brokerage General Agency
** Transaction amount & revenue share vary by insurance product
New Business Revenue/Transaction
$800 avg (L&H)
Ongoing Renewal Revenue/Transaction
$30 avg yearly (L&H)
Commission from Insurer
InsureLife paid by Insurer
Bank paid by Insurer via revenue share**
TRACTION
)
Contracted with Aflac’s Consumer Markets division to provide L&H products via InsureLife platform
*Bankers Insurance & Securities Association
**Post-product, pre-revenue & signing up early-adopter banks
Launched InsureLife platform at BISA* 2023 conference
Actively Building Sales pipeline**
Quotable: “This might be the thing that finally increases access to Life Insurance because our advisors aren't talking to the mass market anyway, and we know they need it.
-SVP Wealth Management at a Large National Bank”
GO TO MARKET
)
By Appealing to Bank Broker-Dealers/Insurance First, we become the obvious solution to grow more Banks & expand within enterprises
Expand
’25
Grow
‘24
Now
‘23
Build a thriving BISA* community with Bank broker-dealers, sign early adopters**
Grow Bank broker-dealer customers in BISA community
Expand channels within Bank enterprises
TEAM
)
Our team has the Experience, Proven Track Record, and Vision to succeed
Successful exit to:
Successfully managed at:
Geoff Tetrault, Founder & CEO
37 years of experience in sales & executive mgmt in financial services leading over $5B in product distribution. LinkedIn
John Cammarata, Founder, & CTO 22 years of experience in B2B innovation, engineering & executive mgmt. Has successful $28M B2B exit. LinkedIn
Jeff Schilling, VP of Finance
30+ years of financial services distribution experience. LinkedIn
Stephanie Trunzo, Board Member
24 years of experience in B2B IT executive mgmt & has one exit. LinkedIn
COMPETITION
)
Our Product is First of its Kind and unique in Banking & Insurance
Brokerage Services, Wholesaling Partners, Consultants
Tech, Product, Life Insurance Partners
Many companies offering paid services not focussed on insurance distribution to Bank broker-dealers
Many companies offering insurance products and pick & shovel tools, not focussed on distribution, to Bank broker-dealers
Scalable All-in-One Insurance Distribution Platform
Automatically Grows Revenue
Seamlessly Integrates
FUNDRAISING
r
Use of Funds
)
$1.8M of $2.5M of Seed Raised
Early Marketing
Customer Development
We’re raising the balance of our Seed round to bring on early adopter Banks & Credit Unions. We plan to raise another round turning up the heat on marketing & sales
Profitability