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With over 30+ years of insurance process management experience among the founders, we are solving the pain-points of insurance sales in India, and APAC region. Extremely high rates of churn of insurance agents and sales managers is one of the biggest issues of the industry. The lifetime value of the sourced business by face-to-face agents has gone down by 82% since 2002. This, coupled with the high cost of recruitment, training and licensing, insurers have slashed the training budgets by 60%. This has a lot to do with the low motivation among agents, because 75% of them do not get a single sale in the first year due to their inexperience and lack of coaching by their managers. We want them to taste early success. Apart from being the only app sales teams need, Salesdrive helps rookies taste early access by coaching and regularly feeding them with industry content and tips, and guiding them through their daily list of actionable with reminders and intelligent nudges. Salesdrive learns the behaviour of its users and their achievement rates of various process goals, and suggests day-by-day action plan to meet targets. Alongside, a dedicated training layer helps agents to skill up through role-play games and comprehensive objection handling guide. Our roadmap also allows the top brass to simulate and launch field actions based on the chosen sales strategies. As the next part of the product journey, we are working towards creating a multi-brand, omni-channel sales platform for insurance intermediaries. Salesdrive will offer ready product portfolios to brokers, from the insurers of their choice (or contract), and a complete customer pitching and onboarding process through a single-window. Our aim to is to make insurer sales simpler through the use of technology and reduce the time it takes an insurance company to onboard new brokers from 60 days to 1 day, and reducing the burden of managing complex partner portals.
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