Pablow, Inc.

insurtechsoftware/whitelabel/apis-insurtech

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 01/05/2020

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About

Pablow, Inc. is democratising insurance distribution by removing regulatory and system barriers via a fully automated distribution process, starting in the vacation rental travel insurance space.

MEDICI Analysis

Pablow is a cloud-based technology platform that makes it simple for travel retailers to connect and sell targeted travel insurances at the point-of-sale.

Focus

PRODUCTS & SERVICES

Travel insurance personalization engine to distribute the travel insurances.

REVENUE MODEL

Wholesale margin per transaction which is shared with distribution partners.

EXISTING PARTNERSHIPS

Allianz Global Assistance

AIG Travel Insurance

IMG Travel Insurance

CSA Travel Insurance

Mapfre Assistance

PRIMARY PROBLEM SOLVED

Travel insurance companies want to reach small to medium and even micro distribution points, but due to their cost base this isn't viable. Travel distributors (such as vacation rental property managers) want to earn ancillary revenue from specialized travel insurances policies, but they don't want to become licensed in all 50 states, negotiate insurance distribution contracts nor develop the applicable technology. Pablow kills two birds with the one stone by making it possible for big insurance carriers to reach previously out of reach distribution points, and thereby affordably boost incremental revenue. White at the the same time enabling vacation rental distributors to achieve their revenue and products goals without all the hassle of licensing, contracts and technology. Pablow's plug & play automation processes are transforming insurance distribution.

INTELLECTUAL PROPERTY

Patent(s) FILED

company provided insights

Traction

REVENUE

$0 - $99k

REVENUE COMMENT:

Car rental insurance has been the main revenue stream, while we've be preparing the launch of vacation rental travel insurance, which has now started to kick in and will become the major revenue stream pretty soon.

NUMBER OF TRANSACTIONS:

27 K

TRANSACTIONS VALUE:

1.51 M

TRANSACTIONS COMMENT:

Pablow contracts and connects directly to major insurance companies systems. Then provides turnkey interfaces for distributors to process transactions with a very high level of MRR. We earns a clip from each transaction thus piggy backing of the high volume of consumer traffic from our partners.

ACTIVE USERS:

2

ACTIVE USERS COMMENT:

1. We recently went live with a vacation rental system provider which has over 12,000 rental properties connected to their platform. 2. Our platform has transacted over $1.5M in Allianz car rental insurance policies for a retailer in the Australian and New Zealand markets.

People

FOUNDERS

Andrew Blake

Desmond Sherlock

BOARD MEMBERS AND ADVISORS

Des Sherlock

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Global Insurance Accelerator

COMMENT:

The Pablow team have known each other,worked together for a number of years,believe their biggest strength lies in their ability to robustly collaborate. They are playing to their strengths on the back of 17 years in online travel,5 years in travel insurance. Steve,Andrew both worked at Virgin Airlines,are no stranger to large scale API based distribution on a global scale.

Momentum

FUNDED

YES

DATE OF LAST FUNDING

Apr 2015

SEED CLOSED ON

Apr 2015

LISTED

NO

For Investors

FUNDING NEEDED:

$150 K

USES OF FUNDS RAISED:

1. ramp up marketing of turnkey solution to US based property managers and hire VP Sales to system providers. Mid 2017 we'll raise a seed round of around $2M

EXIT STRATEGY

Our focus is squarely focused on releasing and scaling our various product and services (not all have been mentioned here). Our insurance licensing, distribution contracts and API connection gives us a big head start on anyone wanting to replicate our model. We imagine insurance carriers and travel distributors (particularly in the vacation rental market) would find value in what down the track.

MONTHS LEFT WITH CURRENT CASH BURN RATE:

8 months from 6 Sep, 2016

Innovation Programs

BASICS

FOUNDING YEAR:

2015

LOCATION:

United States

Views:

105 VISITORS | 169 VIEWS
TOTAL EMPLOYEES
1-10

About

Pablow, Inc. is democratising insurance distribution by removing regulatory and system barriers via a fully automated distribution process, starting in the vacation rental travel insurance space.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Pablow is a cloud-based technology platform that makes it simple for travel retailers to connect and sell targeted travel insurances at the point-of-sale.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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Pablow, Inc.

About

Pablow, Inc. is democratising insurance distribution by removing regulatory and system barriers via a fully automated distribution process, starting in the vacation rental travel insurance space.

Focus

PRODUCTS & SERVICES

Insurance distribution automation.

REVENUE MODEL

Wholesale margin per transaction which is shared with distribution partners.

TOP PROBLEM SOLVED

Travel insurance companies want to reach small to medium and even micro distribution points, but due to their cost base this isn't viable. Travel distributors (such as vacation rental property managers) want to earn ancillary revenue from specialized travel insurances policies, but they don't want to become licensed in all 50 states, negotiate insurance distribution contracts nor develop the applicable technology. Pablow kills two birds with the one stone by making it possible for big insurance carriers to reach previously out of reach distribution points, and thereby affordably boost incremental revenue. White at the the same time enabling vacation rental distributors to achieve their revenue and products goals without all the hassle of licensing, contracts and technology. Pablow's plug & play automation processes are transforming insurance distribution.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

Enabled by insurance licensing in all 50 US States for P&C, A&H and Travel, Pablow offers its transaction technology on a SaaS basis to travel distributors. Distribution contracts with AIG, Allianz, IMG and Arch insurance companies and access to over 30 travel insurance policies and related data.

KEY DIFFERENTIATORS

Post-sale dynamic quote widget in the vacation rental market. Predictive analytics algorithm which selects, in real-time, the best fitting insurance policy to the end customer's travel and personal profile.

PRIMARY CUSTOMER TYPE

Enterprise - Retailers

Small and Medium Business - Online Retail

People

FOUNDERS

Andrew Blake

Desmond Sherlock

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CTO, FOUNDER: Andrew Blake

CMO: Dylan DeClerck

FOUNDER: Desmond Sherlock

TEAM COMMENT:

The Pablow team have known each other,worked together for a number of years,believe their biggest strength lies in their ability to robustly collaborate. They are playing to their strengths on the back of 17 years in online travel,5 years in travel insurance. Steve,Andrew both worked at Virgin Airlines,are no stranger to large scale API based distribution on a global scale.

BOARD MEMBERS AND ADVISORS:

Des Sherlock

INVESTORS:

Global Insurance Accelerator

Momentum

FUNDED

NO

LISTED

NO

FUNDING SERIES