The Need

U.S. Insurance Market Overview

U.S. total premiums $1.1T
U.S. life & health premiums $616B
U.S. brokerage market $144B
Avg. F500 co. health ins. spend $585MM

Minority-Owned Business Entity (MBE) participation in the total insurance marketplace is estimated at less than 1%

Sources: Insurance Information Institute (http://www.iii.org)
IBISWorld: Insurance Broker & Agencies in the US Industry Report,Dec 2015
CDC “Mortality in the United States, 2013-2014” (2014)

The Opportunity

Minority-owned supplier focused on creating innovative insurance solutions

In partnership with committed corporate and public sector clients, our collective aim is to:

  • Address unmet needs in insurance services, in order to reduce costs and create value.
  • Recruit and train a new generation of talented, diverse professionals into the insurance business.
  • Provide thought leadership and positive community impact as we grow.
  • Build a self-sustaining and national MBE insurance platform that brings new value to the industry.

The MSP model saves costs and creates efficiencies by outsourcing non-core functions

  • Frees up resources and strengthens processes in Treasury and Finance functions
  • Performs value-added standardization, billing, account reconciliation and payment services 
  • Delivers 100% MBE spend and builds the foundation for a novel MBE platform in insurance