Bestow, Inc.

big data analyticsinsurtechonline first insurance

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 01/05/2020

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About

Smart, affordable life insurance you can buy online in minutes. Featured on @TechCrunch @HuffPost. #FinCon20

MEDICI Analysis

Bestow is an online InsurTech platform that allows users to buy life insurance products. It leverages predictive analytics to instantly determine risk and provide consumers access to comprehensive life insurance solutions.

Focus

PRODUCTS & SERVICES

It has developed a proprietary underwriting engine that uses predictive analytics to assess an individual’s risk factor to determine whether a particular individual qualifies for the insurance policy.

REVENUE MODEL

The company generates revenue by charging agency commissions and administrative fees. It offers two types of plans: 1. Lock It In: Charges $8.13 per month and it provides 10-20 years in coverage. 2. Just Get: Offers a two-year coverage plan for $2.50 per month.

MAIN CLIENTS

Retail customers

EXISTING PARTNERSHIPS

The company has partnerships with Munich Re and North American Company for Life & Health Insurance.

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