2Team
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About
Meet 2TeaM - Established in 2010, 2TeaM’s unique software solutions have made it a major force in the software insurance and financial service industries in Israel. Our two major SaaS solutions, G-Life and Life On-Line, enable insurance agents and carriers, as well as financial advisors, brokerage firms and banks, to dramatically increase sales, while reducing the length of each sales cycle and operation costs. The company’s founders have decades of experience in the insurance, financial and hi-tech industries, and proven results in providing sales support systems for leading financial companies.
2Team provides a computer driven software tool that supports the insurance agent to sell an insurance with in short span of time.
Focus
PRODUCTS & SERVICES
Life On-line – Life On-line is composed of smart computing, simulating and comparing engines running the show in the background for all investment product types. It is a highly flexible solution that can be implemented in any environment, including Internet-based, Cloud-based or off-line. Life On-line can be easily integrated with an insurance carrier’s legacy systems (e.g., as part of their CRM system or for mobile applications) and with G-Life. The platform’s design enables new financial product engines to be easily added – and current ones to be quickly updated. G-Life – An all-in-one software platform on the agent’s laptop, G-Life is designed to provide a holistic platform that allows customers to manage, review and buy insurance policies in a clear manner. This also allows an insurance company or financial advisory firm to sell insurance products directly to customers. G-Life also encourages fair dealing and reduces asymmetry of information between customers and product providers. Its intuitive Wizard helps agents walk their customers through the one-on-one sales conversation, with simple explanations that make the most complex policies easy to understand. Plus, its holistic view of the client’s financial needs, goals, and existing financial situation enables the agent to quickly find the exact solution for each person’s needs – selling more, in less time, and encouraging fair dealing. The end result is a great user experience, with lightning-quick response time, making client meetings incredibly fast and efficient and significantly improving the process - from quotation completion to policy issuing. G-Life includes machine learning algorithms to provide features such as "like me" which offers to an individual a proposed retirement plan , with people having similar profiles (similar age range, income range, family status – including same range of number of children) have purchased in the last 1 or 2 years. In addition, G-Life provides the opportunity to the individual and the advisor, as a holistic tool, to manage a dialogue regarding other current needs of the individual such as health, disability and protection plans.
REVENUE MODEL
SAAS
PRIMARY PROBLEM SOLVED
The increasing complexity and scope of insurance products make it difficult for individuals to track what they have bought and assess the suitability of new products. Develop an end-to-end insurance platform that would allow the customer to manage, track, review, and buy insurance policies in a simple and informed manner. The platform should allow the insurer or intermediaries to sell their solutions directly to the customer.
INTELLECTUAL PROPERTY
Patent(s) FILED
Traction
REVENUE
$1.0M - $4.99M
REVENUE COMMENT:
many of the paying customers do not pay directly. the insurance companies which chose to implement our solution pay to 2TeaM and gives our product to their agents and advisors.
NUMBER OF TRANSACTIONS:
10 K
TRANSACTIONS VALUE:
10 K
ACTIVE USERS:
2000
ACTIVE USERS COMMENT:
“With G-Life, each of our agents conducts 10 more client meetings every week” “In the past year, we’ve increased sales by 40%” Israel’s 2nd largest insurance agency
People
FOUNDERS
Akiva Kleiman
NUMBER OF EMPLOYEES
11-50
COMMENT:
We will be very excited to be part of Medici an appreciate if you engage us to banks/insurance companies/ brokerage firms
Momentum
FUNDED
NO
LISTED
NO
For Investors
FUNDING NEEDED:
$10 M
USES OF FUNDS RAISED:
1. Go to market
2. enhancement and adaptation to the global market
3. regulation of the relevant territory
EXIT STRATEGY
TBD
MONTHS LEFT WITH CURRENT CASH BURN RATE:
20 months from 28 Aug, 2016
COMPETITORS:
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About
Meet 2TeaM - Established in 2010, 2TeaM’s unique software solutions have made it a major force in the software insurance and financial service industries in Israel. Our two major SaaS solutions, G-Life and Life On-Line, enable insurance agents and carriers, as well as financial advisors, brokerage firms and banks, to dramatically increase sales, while reducing the length of each sales cycle and operation costs. The company’s founders have decades of experience in the insurance, financial and hi-tech industries, and proven results in providing sales support systems for leading financial companies.
2Team
About
Meet 2TeaM - Established in 2010, 2TeaM’s unique software solutions have made it a major force in the software insurance and financial service industries in Israel. Our two major SaaS solutions, G-Life and Life On-Line, enable insurance agents and carriers, as well as financial advisors, brokerage firms and banks, to dramatically increase sales, while reducing the length of each sales cycle and operation costs. The company’s founders have decades of experience in the insurance, financial and hi-tech industries, and proven results in providing sales support systems for leading financial companies.
Focus
PRODUCTS & SERVICES
Life On-line – Life On-line is composed of smart computing, simulating and comparing engines running the show in the background for all investment product types. It is a highly flexible solution that can be implemented in any environment, including Internet-based, Cloud-based or off-line. Life On-line can be easily integrated with an insurance carrier’s legacy systems (e.g., as part of their CRM system or for mobile applications) and with G-Life. The platform’s design enables new financial product engines to be easily added – and current ones to be quickly updated. G-Life – An all-in-one software platform on the agent’s laptop, G-Life is designed to provide a holistic platform that allows customers to manage, review and buy insurance policies in a clear manner. This also allows an insurance company or financial advisory firm to sell insurance products directly to customers. G-Life also encourages fair dealing and reduces asymmetry of information between customers and product providers. Its intuitive Wizard helps agents walk their customers through the one-on-one sales conversation, with simple explanations that make the most complex policies easy to understand. Plus, its holistic view of the client’s financial needs, goals, and existing financial situation enables the agent to quickly find the exact solution for each person’s needs – selling more, in less time, and encouraging fair dealing. The end result is a great user experience, with lightning-quick response time, making client meetings incredibly fast and efficient and significantly improving the process - from quotation completion to policy issuing. G-Life includes machine learning algorithms to provide features such as "like me" which offers to an individual a proposed retirement plan , with people having similar profiles (similar age range, income range, family status – including same range of number of children) have purchased in the last 1 or 2 years. In addition, G-Life provides the opportunity to the individual and the advisor, as a holistic tool, to manage a dialogue regarding other current needs of the individual such as health, disability and protection plans.
REVENUE MODEL
SAAS
TOP PROBLEM SOLVED
The increasing complexity and scope of insurance products make it difficult for individuals to track what they have bought and assess the suitability of new products. Develop an end-to-end insurance platform that would allow the customer to manage, track, review, and buy insurance policies in a simple and informed manner. The platform should allow the insurer or intermediaries to sell their solutions directly to the customer.
INTELLECTUAL PROPERTY
Patent(s) Filedto be discussed
PRODUCT DEVELOPMENT STAGE
V2.0 or BEYOND
PRODUCT DEVELOPMENT COMMENT
Using one intuitive and dynamic sales platform, 2TeaM’s software solutions expertly and quickly guide insurance agents through the sales process, so they make more sales conversions in less time. It’s that simple. Our solutions: • Save agents and customers vast amounts of time • Increase cross-sell and up-sell capabilities • Ensure that regulation standards are met • Reduce operational costs • Provide an holistic view of the customer’s financial needs • Support wide range of products: life insurance, annuity, pension, protection products and more
KEY DIFFERENTIATORS
One platform for all financial products enabling an advisor or an agent to simulate, compare, guide to decision while increasing sales and reduce operational cost. 2TeaM has designed a unique architecture for generating computing engines designed for financial products. The platform is using data driven technology which enables supporting a large variety of financial products (LTSI) from different carriers. Each group of products is being compute by an engine which has a sophisticated rule based matrix. When G-Life's engines receive input data, they determine, quick and accurate, which set of rules to activate and which set of tables to use. This flexibility code enables adding easily any type of financial product to the system and easily maintaining and updating existing ones.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
STRATEGIC CLIENTS AND PARTNERSHIP
KPMG : partner
People
FOUNDERS
Akiva Kleiman
NUMBER OF EMPLOYEES
11-50
KEY EMPLOYEES:
CEO, FOUNDER: Benny Troushinsky
CTO: Tamir Erez
CMO, FOUNDER: Tzafrir Kagan
COO: Amos Eylon
FOUNDER: Akiva Kleiman
TEAM COMMENT:
We will be very excited to be part of Medici an appreciate if you engage us to banks/insurance companies/ brokerage firms
Momentum
FUNDED
NO
FUNDING COMPLETED
NO
LISTED
NO
FUNDING SERIES
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2Team provides a computer driven software tool that supports the insurance agent to sell an insurance with in short span of time.
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2Team
About
Meet 2TeaM - Established in 2010, 2TeaM’s unique software solutions have made it a major force in the software insurance and financial service industries in Israel. Our two major SaaS solutions, G-Life and Life On-Line, enable insurance agents and carriers, as well as financial advisors, brokerage firms and banks, to dramatically increase sales, while reducing the length of each sales cycle and operation costs. The company’s founders have decades of experience in the insurance, financial and hi-tech industries, and proven results in providing sales support systems for leading financial companies.
Focus
PRODUCTS & SERVICES
Life On-line – Life On-line is composed of smart computing, simulating and comparing engines running the show in the background for all investment product types. It is a highly flexible solution that can be implemented in any environment, including Internet-based, Cloud-based or off-line. Life On-line can be easily integrated with an insurance carrier’s legacy systems (e.g., as part of their CRM system or for mobile applications) and with G-Life. The platform’s design enables new financial product engines to be easily added – and current ones to be quickly updated. G-Life – An all-in-one software platform on the agent’s laptop, G-Life is designed to provide a holistic platform that allows customers to manage, review and buy insurance policies in a clear manner. This also allows an insurance company or financial advisory firm to sell insurance products directly to customers. G-Life also encourages fair dealing and reduces asymmetry of information between customers and product providers. Its intuitive Wizard helps agents walk their customers through the one-on-one sales conversation, with simple explanations that make the most complex policies easy to understand. Plus, its holistic view of the client’s financial needs, goals, and existing financial situation enables the agent to quickly find the exact solution for each person’s needs – selling more, in less time, and encouraging fair dealing. The end result is a great user experience, with lightning-quick response time, making client meetings incredibly fast and efficient and significantly improving the process - from quotation completion to policy issuing. G-Life includes machine learning algorithms to provide features such as "like me" which offers to an individual a proposed retirement plan , with people having similar profiles (similar age range, income range, family status – including same range of number of children) have purchased in the last 1 or 2 years. In addition, G-Life provides the opportunity to the individual and the advisor, as a holistic tool, to manage a dialogue regarding other current needs of the individual such as health, disability and protection plans.
REVENUE MODEL
SAAS
TOP PROBLEM SOLVED
The increasing complexity and scope of insurance products make it difficult for individuals to track what they have bought and assess the suitability of new products. Develop an end-to-end insurance platform that would allow the customer to manage, track, review, and buy insurance policies in a simple and informed manner. The platform should allow the insurer or intermediaries to sell their solutions directly to the customer.
PRODUCT DEVELOPMENT STAGE
V2.0 or BEYOND
PRODUCT DEVELOPMENT COMMENT
Using one intuitive and dynamic sales platform, 2TeaM’s software solutions expertly and quickly guide insurance agents through the sales process, so they make more sales conversions in less time. It’s that simple. Our solutions: • Save agents and customers vast amounts of time • Increase cross-sell and up-sell capabilities • Ensure that regulation standards are met • Reduce operational costs • Provide an holistic view of the customer’s financial needs • Support wide range of products: life insurance, annuity, pension, protection products and more
KEY DIFFERENTIATORS
One platform for all financial products enabling an advisor or an agent to simulate, compare, guide to decision while increasing sales and reduce operational cost. 2TeaM has designed a unique architecture for generating computing engines designed for financial products. The platform is using data driven technology which enables supporting a large variety of financial products (LTSI) from different carriers. Each group of products is being compute by an engine which has a sophisticated rule based matrix. When G-Life's engines receive input data, they determine, quick and accurate, which set of rules to activate and which set of tables to use. This flexibility code enables adding easily any type of financial product to the system and easily maintaining and updating existing ones.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
STRATEGIC CLIENTS AND PARTNERSHIP
KPMG : partner
People
FOUNDERS
Akiva Kleiman
NUMBER OF EMPLOYEES
11-50
KEY EMPLOYEES:
CEO, FOUNDER: Benny Troushinsky
CTO: Tamir Erez
CMO, FOUNDER: Tzafrir Kagan
COO: Amos Eylon
FOUNDER: Akiva Kleiman
TEAM COMMENT:
We will be very excited to be part of Medici an appreciate if you engage us to banks/insurance companies/ brokerage firms
Momentum
FUNDED
NO
FUNDING COMPLETED
NO
LISTED
NO