Do you have any interest in talking to an insurance agent… ever? Those conversations make me want to bang my head against the wall. (Please ignore the hole in the sheetrock.)
But you do need insurance. Right? And the options are confusing.
What exactly do I need? Do I really need collision coverage on ‘03 Civic?
Why couldn’t you buy auto insurance online quickly and painlessly (like pretty much everything else that exists), without having to deal with confusing options and calls from pushy agents?
Why couldn’t you buy auto insurance online quickly and painlessly?
(Imagine, you try to buy something on Amazon, but couldn’t differentiate between 20 versions of seemingly the same product. Then when you finally decide what you want, you can’t actually buy anything until you get a call back from a customer service representative.)
Reliance Global Group (RELl) CEO, Ezra Beyman saw that gap in the market and developed the concept for 5minuteinsure.com. The revolutionary idea has the potential to change the way we buy auto insurance. Imagine if after only a few mouse clicks, you are shown a few insurance options curated specifically for you and your needs.
5minuteinsure reached out to Bitbean because they knew that’s where they would find the expert team to turn their vision into a reality
Reliance Global Group knew that to make their dream a reality, they needed to develop the technology and AI infrastructure that would support a smooth customer experience from start to finish that would help complete sales for this unique process.
How was this going to happen?
Bitbean. That’s how.
5minuteinsure reached out to Bitbean because they knew that’s where they would find the expert team to turn their vision into high quality, functional technology that would be a pleasure to use, attract new customers and at the end of the day, grow their company.
The leadership at Bitbean together with the developers, project managers and UX designers worked together with team at 5minuteinsure and developed an ambitious plan that would bring this valuable service to fruition one step at a time. With open lines of communication and close collaboration between everyone involved in the project, the concept went from being in the stage of market analysis to UX and tech discovery, to design and stage one implementation faster than anyone would have imagined - all while staying within budget.
Moshe Fishman, Director of Insurtech at 5minuteinsure was “blown away” by the quality of the stage one product as well by the speed it was delivered.For 5minuteinsure, this was just the beginning. Bitbean had not only built a great system and infrastructure, but also laid the groundwork that would make the iterative development process continue smoothly as more features were added.
When the service was launched, everybody was happy.
5minuteinsure now had a world class AI platform for their customers to purchase insurance that exceeded their expectations and their customers were able to find exactly what they were looking for more quickly than they could have imagined. That meant closing more sales.
The only thing left to do was for someone to repair that hole in the wall.