Ranger Insurance
Financials
Estimates*
USD | 2022 |
---|---|
Revenues | <1m |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $5.3m | Seed | |
Total Funding | CAD7.2m |
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Recent News about Ranger Insurance
EditRangerInsurance.com is a tech-enabled platform designed to help insurance agencies scale their operations and enhance customer relationships. The startup operates in the insurance market, specifically targeting insurance agencies looking to grow beyond $5M in gross written premium.
RangerInsurance.com's business model revolves around the use of advanced technology and deep insurance expertise to provide efficient agency support and customer solutions. The platform offers a tool called Ranger Station, which uses automated coverage and carrier recommendations to save time and increase the number of policies per household. This tool also aids in retaining customers for longer periods, thereby improving customer lifetime value.
The platform also offers a unique feature, a proprietary Risk Score, which provides a detailed analysis of a customer's life and risk factors. This feature enables insurance agents to better understand their customers, uncover underinsurance, and maximize cross-sell opportunities.
RangerInsurance.com makes money by providing these services to insurance agencies. The platform's tech-enabled approach not only helps agencies train and retain agents but also optimizes agent efficiency and customer relationships.
The startup addresses common challenges faced by insurance agencies, such as the lack of specialized CRM tools, the uncertainty of scaling beyond $5M in gross written premium, and the pressure to compete with direct-to-consumer models.
Keywords: Insurance, Technology, Agency Support, Customer Relationships, Risk Score, Automated Recommendations, Customer Lifetime Value, Agent Efficiency, CRM Tools, Gross Written Premium.