Independent insurance agencies, especially any smaller than 50 people, are dealign with some terribly outdated software. Besides being dated, it's usually mega-expensive and complicated.
Some agencies spend 2 hours going through 7 different insurance carrier portals trying to find the right coverage for a quote. While doing that, they juggle customer relationships, carrier relationships, and a ton of other information.
I thought there had to be a better way. And I worked on that.
That's what eventually became HarborIQ.
The platform is built specifically for these independents. I didn't want to make another generic repackaged CRM for insurance. We offer a free CRM. But, beyond that are insurance-specific intelligence tools that help agents search across carrier documents (there are a TON for every carrier) making information relevant on a quote in seconds.. not hours. Plus, they can better manager their relationships with the carriers they work with.
I love building products and businesses. It's been my entire carer. Both hardware and software. A few years ago, I co-founded a startup that leveraged ML to optimize team placement at multi-national companies and it was acquired.
But, I have to admit, that this industry has been one of the more complex to navigate. I had no idea how complicated it was/is or how risk-averse every single decision would be.
It's been a fun challenge though. One thing has been reinforced from this, and that's just because an industry has done something a certain way for decades doesn't mean it should stay that way.
I'm curious of anyone has navigated bringing in something to new legacy complex industries. Was it worth it?