Base Portfolio “The world’s most trusted platform for insurance policy purchases and management” Build – Measure – Learn
Our Venture Team Kieran Zhenhua Brayden Insurance Broker: Property and Casualty, CAIB, SAP B1, Programming Fundamentals Backend Dev: Ruby, Javascript, SQL, PHP, HTML5, CSS3, Python, Java Software Enigneer: Full-stack, Product Manager, Designer
Problem Insurance Distribution Puzzle Insurance Distribution Solution Application Inefficiencies Paper and digital applications from multiple companies are confusing and waste time Policy Administration Is Archaic It can take weeks to receive coverage documents Encrypted information to help protect against cyber threats Secure Communication Discrepancies Multiple touch points causes inefficiencies and coverage issues Information is stored and easily accessed from anywhere Cloud Storage Access for all stakeholders and third-party developers Platform Model And Mobile Scalable to grow with a global economy and IOT technologies. Global Access To IOT Servicing Delays Insurers, brokers and claims adjusters have trouble meeting clients service expectations. All communication easily managed in one place Centralized Communication All information is collected and used for the benefit of the digital community Analytics and Big Data
Our Platform Eliminating the insurance application: Consumer owns their information Ability to update information as needed Understand exactly what is being covered
Customer Profile Base Portfolio Is targeting the Commercial Real Estate Market as our primary consumer. Target just over 1% of Canadian commercial Insurance market: $37.3 Million Created platform for validation Looking for backing and deployment Identifying prospects and channel partners Validate go-to-market strategy Bring on first customers
Market Data Analysis 83% of insurers expect platform-based business models to become part of their growth strategy in 3 years* 67% would buy from organizations other than insurers. * 35% open to providing access to their personal data to save on insurance* 71% of insureds ready to buy insurance online** 25% of consumers would buy more insurance if they were better engaged. *https://www.accenture.com/us-en/insurance-index **https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Financial-Services/fx-fsi-small-business.pdf ***http://www.gallup.com/businessjournal/181829/insurance-companies-big-problem-millennials.aspx
Our Market Opportunity $11.2 Billion in Revenue (Canada only)* 30% or $3.54 billion in commercial insurance 12,480 Businesses – 14,005 by 2020* 52% of Revenues for compensation expenses – (Payroll and Benefits)* Averaging 4.6% – 14% Year over year growth 22.7% Average Brokerage Pre-tax Profit (under $1.25Mil revenue)** Soon 25% of insurance industry employees will be within five to ten years of retirement.*** z *IBIS World ** IIABA Best Practices *** http://www.pwc.com/us/en/insurance/publications/assets/pwc-insurance-top-issues-aging-workforce.pdf
Business Model & Key Metrics In order to develop and ecosystem we need to give secure access to other Insurtech innovators on our platform Accessible Platform API is Necessary We Develop security first to ensure our users information is kept private and confidential Security Is Critical Utilize information to understand risks better and offer the consumer a better overall experience BIG Data And Analytics Need to build mobile with the ability to support IOT technologies Mobile Access Insurance commissions and contingency fees will allow us to grow organically. Self-Sustaining Growth Utilize developing economies to scale and reduce overhead costs Global Access
Competitors – We are in Distribution/Engagement Finance Fox Embroker Insurance Brokers / Direct Writers On-demand Spixii Knip PolicyGenius Enterprise (SaaS) Insly Surely Riskmatch Mutual (P2P) Friendsurance Lemonde Gaggel Consensus (Blockchain) Everledger Tradle SmartContract Experience ( Claim) 360Globalnet RightIndem Tractable Data ( Analytics) RiskGenius Quantemplate Analyze Re
Financials 2021 $38,669,463 2020 $15,409,424 2019 $3,252,724 2018 $517,137 2017 $54,674
Brayden York – byork@baseportfolio.com Contact Brayden York – byork@baseportfolio.com www.Baseportfolio.com Design Message Management Marketing