A software product for the property & casualty (P&C) insurance industry that fills an…
A software product for the property & casualty (P&C) insurance industry that fills an identified gap and is being built/marketed to carriers and customers.
Problem it solves. Reduces friction/addresses an unmet need in P&C insurance workflows (industry-first feature reported via carrier partnership).
Who pays. P&C insurance carriers and their customers (insurance industry buyers)
Market. insurance software / enterprise SaaS
How it makes money. Customer contracts/LOIs (annual contract revenue and project LTV)
Claimed. LOI adds $8,400 annual, $21,000 project LTV.
Post describes an actual product, an executed LOI with specific dollar figures ($8,400 annual; $21,000 project LTV), a carrier partnership, and multiple operational details (LLC, CRO, commissioned sales reps); top comments are congratulatory rather than calling it promotional or fake.
“LOIs are not invoices. No victory lap yet.” ▲ 40
“Can you tell me why you felt the 1M you raised for your first start up wasn’t enough?...” ▲ 20