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So.... why are insurers excited by what we do?
and
Simply
We solve insurers two biggest problems
We lower customer acquisition costs
Increase retention rates
Why did the Lloyds of London Innovation group
say:
'Found is the next big 'thing' in insurance'
How do we do that then? you ask!
Real-life solutions
We create unrivalled (in insurance) high-street brand awareness
We sign up lost property partners, including cafes, tourism venues, universities, and more, who use our lost property app for businesses to help report items found at their venues. Each partner displays Found branding internally and externally.
The public sees Found everywhere they go
We saturate a geographical area
When a customer loses an item they know to use Found and register their loss on our app or website - We then prompt them via email to register other valuables with us in the Found app for the public - in case of loss or theft. We specifically suggest their phone, bike and laptop.
(we had a 90% sign-up rate in our trial launch in Bristol - with each person registering 3 items with us)
We also sign up retailers like bike stores, jewellery stores, tool stores and more, where we provide our integrated Point of Sale (POS) technology.
This allows consumers at the point of sale to register their new purchase on the Found app and to join Found.
Both our lost property and retailer partner networks engage consumers at key moments when they're most motivated to consider protecting their valuables.
Whether it's after experiencing a loss or theft,
or when purchasing a new valuable item
Building a relationship with consumers and increasing retention
Our products go above and beyond traditional insurers and we engage with consumers to genuinely help them safeguard their valuables
The Found App for the public
Allows users to:
Register their valuables including:
- receipts
- photos, and
- serial numbers
For secure record keeping, proof of ownership and easy reporting of lost and stolen items
We provide in-app alerts about thefts in your area, advice on protecting valuables, discounts with our partner stores, reminders about warranties and servicing valuables like bikes.
Low-friction sign-up
We make it super easy for consumer to sign up to Found and we intergrate our solutions into peoples everyday lives
Real-life solutions
Grow a valubale database
Our technology serves a genuine need to help people safeguard and repatriate their lost and stolen valuables
We give people a reason to register their valuables with Found -
Creating a valuable database and prime market to offer insurance
Leading, personalised insurance products
A data base of people and their valuables enables a prime opportunity to offer insurance for personal possesions
We collect unique date enbaling us to create personalised insurance products built on user behavior
Found is positioned to capitalise on a vast and clear opportunity in the insurance sector, with a well-defined plan to execute its ambitious goals
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