FutureProof Technologies

FutureProof Technologies, Inc.Founded in 2019 and headquartered in San Diego, US, FutureProof Technologies, Inc. operates as an Insurtech MGA, offering specialized insurance solutions.FutureProof Technologies, Inc. specializes in delivering innovative insurance solutions through its core product, which operates as an Insurtech Managing General Agent (MGA). The company utilizes advanced AI-based technology to offer unique pricing granularity and near-real-time quotes, aimed at providing lower-priced insurance options for resilient structures in disaster-prone areas. This approach addresses significant challenges within the insurance sector, such as the escalating premiums driven by frequent weather disasters and the resulting financial burdens on consumers due to uninsured losses. FutureProof's target clientele includes policyholders seeking affordable insurance, brokers utilizing the company's API for efficient business acquisition, and carriers and reinsurers looking to enhance their capital returns based on improved risk selection.FutureProof Technologies operates under a transaction structure that involves partnerships with brokers and direct interactions with consumers, positioning itself within a B2B framework. The company's revenue generation is primarily derived from the insurance premiums paid by policyholders, who benefit from competitive pricing due to the innovative risk assessment techniques employed. While specific pricing plans for their insurance products are not disclosed, the company's offerings are designed to appeal to both individual clients seeking personal coverage and businesses looking for comprehensive insurance solutions. The collaboration with brokers and insurance carriers facilitates a streamlined process by which consumers can obtain quotes and coverage, fostering a robust ecosystem that enhances overall revenue potential. FutureProof is focused on launching new insurance products designed to enhance affordability and accessibility for consumers in disaster-prone areas. Additionally, the company aims to expand into new geographic markets that have been significantly affected by natural disasters.

1. Seed

   Jul 25, 2021

   Amount

   $3M

   Investors

   Locked