Goodcover YCアプリケーション

Summer 2017Active

GoodcoverはSummer 2017バッチでFintech企業としてY Combinatorを卒業しました。以下：会社の事業内容、創業者、そして実際のYCフォームで質問ごとに再構築されたYCへの応募内容。

YCバッチ: Summer 2017
業界: FintechInsurance
チーム規模: 1
ステータス: Active
ローンチ済み: 2019

創業者

Christopher LotzFounder/CEO
Daniel Di SpaltroFounder

Goodcoverの事業内容

Goodcover provides its Members with Good Renters Insurance for 50% less than legacy companies and an Annual Dividend of the money left over after claims obligations are met. Goodcover is a Managing General Agent (MGA) that administers personal insurance on behalf of our Membership, a bit like how USAA does it. Member's premiums are pooled and used to pay claims. We take a fixed fee, and the remainder is returned in our Annual Member Dividend. We work with multi-billion dollar capital partners to ensure regulations are followed, adequate claims capital is always available, and we have emergency capacity for catastrophes. Technology allows us to eliminate waste, saving roughly 25% of the cost. We are 100% digital, but not bots - we invest in tech that enables our experts to help Members. As an Invitation Only Membership served by an MGA, **we can give Members Free Insurance** when they invite others, turning our "Marketing Budget" into savings for Members. This eliminates Lizards and Sales Agents, saving the other 25%. We do not use the standard industry models, instead using a multiperil model to more granularly price risk. This means that for a few of you we are more expensive... but everyone else pays much less than they would otherwise pay. Our granular, multiperil model allows us to offer a superior policy over the standard market including: - coverage for if your place is flooded by a neighbor - Replacement Cost Coverage (meaning new stuff for your old) - All Risk coverage for high value items you tell us about - including computers (almost no one does that amazingly) - added coverage for mold removal Our MGA business model allows us to be capital efficient, "renting" capacity as we need it. All this adds up to our government approved pricing being 40-60% cheaper on average than that of our competitors.

GoodcoverのYCアプリケーション、再構築済み

Y Combinator 申請

Goodcover 様、Summer 2017 バッチ。公開データから回答された、実際のフォームの質問。

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Goodcover

Describe what your company does in 50 characters or less.

Digital co-op renters insurance half the price.

What is your company going to make? Please describe your product and what it does or will do.

We make Good Renters Insurance, an invitation-only membership that pools premiums, pays claims, returns leftover funds as dividends, and offers better coverage at about half the price of legacy insurers. We run as a Managing General Agent using technology for granular multiperil risk pricing and to eliminate sales agents, turning marketing into member savings.

Where do you live now, and where would the company be based after YC?

We live in San Francisco, CA, and the company is based there after YC.

Explain your decision regarding location.

San Francisco is the insurance tech hub where our capital partners and regulatory networks are. We want to stay close to partners and talent.

フルアプリケーションで21件の追加回答

はフルバージョンにあります。無料アカウントを作成して、他のすべてのYCバッチの横にあるYCインサイトで開いてください。

申請内容全体を見る

よくある質問

Goodcoverの実際のYCアプリケーションですか？

いいえ。Y Combinatorは提出されたアプリケーションを非公開にしています。これは再構築されたものです。実際のYCフォームの質問に、Goodcoverの公開データ（ローンチノート、創業者経歴、製品説明）から回答しています。Goodcoverのような会社がYCにどのようにアピールするかを示しており、彼らが提出したテキストではありません。