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AppulateConnect 2016
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Jeffrey Harris President (and your MC)
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Why are we here? Learn best practices Explore the future of Appulate
Meet and network with other Appulate customers
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WELCOME – WE ARE GLAD YOU’RE HERE!
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ICEBREAKER INTRODUCE YOURSELF Where are you from?
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The Important Stuff Continental Breakfast – NOW Lunch Buffet – Noon
CUSTOMER APPRECIATION DINNER - 5:30pm Meet in the Foyer to board our bus!
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About us Enquiring Minds Want To Know…
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Value Proposition for the Industry
By creating a SaaS system that (from the ground up) is architected in such a way as to solve the industry efficiency challenges as a whole, Appulate is pursuing a unique path that, if successful, can truly become a total game-changer and tectonic paradigm shift how all of the commercial insurance is quoted, bought and sold in the US. -Dimitri Nikouline
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In other words We are a technology company that is trying to help the insurance industry become more efficient. -Jeffrey Harris
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Appulate Team January 2015 – 62 FTE April 2016 - 89 FTEs
~80 Software Engineers Remaining hiring plan for 2016 = 5 additional hires
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Insurance Industry Statistics
Total U.S. P/C Commercial Lines Premium - $253 Billion (Personal Lines P/C – $255 Billion) Percent of that spent on delivering it: 30% Total annual amount that is spent: $70 Billion
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How’d We Get Here? Founded March 2005 – 2006 - All about the agent
2007 – Focus on upload (Uplink™) / early adoption from Carriers and MGAs 2009 – Sizable “shift” towards developing solutions for Carriers / Brokers and MGAs 2012 – Diversity of customers 2014 – >10K Agencies / 70K submissions 2015 – Appulate 5.0 launched 2016 – Product Rebranding (ProducerConnect, MGAConnect and CarrierConnect)
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Number of Agencies using Appulate
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Number of submissions
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Coming soon: Premium bound
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Our focus now!
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The Focus NOW! New Customer Growth User Experience / Adoption
More Submissions / Binds
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New Customer Growth OWNERS – Kathy and Kevin More carrier customers!
Diversity (LOB, Geography, Size) Customers that will fully utilize Appulate Customers that will push Appulate to Agents
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User Experience / Adoption
OWNERS – Vanessa, Virginia, Jeff K and Dimitri Increase adoption / utilization Continue to innovate and make the product better Deliver a great product (including the implementation) Do more for our customers to bring them ROI
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Where Are We Going?
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2 years out… 100+ Customers Headcount ~ 100 25,000 Submissions / Month
??? BOUND PREMIUM
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Our unique strengths Most sophisticated customers
Viral Distribution – our customers help each other grow Amorphousness (shapeless) SaaS Flexible Architecture that well abstracts and represents the whole of insurance industry and which allows for quick re-positioning for various usage scenarios World-Class Technology Engineering Team GRIT! we’ll die trying…
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THANK YOU! For your business For your patience For your candor
For your ideas For your enthusiasm For being part of AppulateConnect!
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