Problem
The lack of knowledge in managing condominium insurance risks exposes insurance brokers, condominium managers, and trustees to major financial risks and losses.
CondoCompare fully manages risks with appropriate guidance for hiring according to the characteristics of each condominium, protecting the management of the trustee and the residents' assets, transforming dispersed data and lack of knowledge into safe decisions and opportunities for the entire condominium ecosystem.
Solution
Intelligence and risk management that gathers and cross-references condominium information, through documents, budgets and policies, in addition to data related to its characteristics and exposure to risks.
The solution standardizes and compares coverage, limits, deductibles, and general conditions of each insurance company, identifies possible gaps or inconsistencies, and complements the analysis with surveys to learn about the specific characteristics, structures, activities, and risks of each condominium.
In this way, it transforms dispersed data into structured information and analyses that support the prevention, mitigation, and transfer of risks, in addition to insurance contracting that is more appropriate to the profile of each condominium.
Through the extraction of information and analysis of documents imported by the user, generating a complete diagnosis.
Business model
B2B - Subscription for insurance brokers, administrators, and professional liquidators.
Free plan/entry - Basic use to generate adoption and create the user and data base.
Paid plans - Advanced analysis, diagnostics, reporting, and integrations features.
Revenue per transaction/opportunity - Possibility to monetize deals originated or processed by the platform, especially in the connection between condominium, broker and insurance company.
Ecosystem - In the future, monetization of opportunities generated by data and the connection with services related to the condominium, always respecting LGPD and applicable rules.
Expected average ticket starting at R$249,00
Market
In Brazil, it estimated more than 500 thousand Condominiums, with insurance being provided for in the Brazilian Civil Code in Article 1.346.
In Portugal I estimated more than 250 thousand Condominiums, as provided for in Article 1429No. of the Civil Code and in Decree-Law no. 268/94 (updated by Law No. 8/2022).
In Spain it estimated more than 1 In millions of Condominiums, the requirement varies depending on the community, is generally required by law or is strongly imposed for horizontal property buildings.
Competitors
There are no platforms like CondoCompare.
The closest one is an agent that Sindiconet, which is a content portal, developed to assist in comparing budgets in a generic way and without the technical breadth of the main insurance companies and the technical knowledge of a specialized insurance broker.
Competitive differentiation
Founder's technical knowledge with more than 20 years of experience in insurance, direct digital inspection through the platform, diagnostics can be used for other condominium decisions, such as renovations and improvements.
The proposal is to offer a broader view of risk management, connecting diagnosis, prevention, mitigation, and transfer of risks to the insurance contracting and management process, and not a simple comparison of budgets.
Entry barrier
It is the construction of a proprietary database of real data on condominiums, risks, insurance, coverage, claims and decisions, integrated with different participants in the ecosystem. The more condominiums use the platform, the more data and intelligence are generated, making the product more accurate, more useful, and more difficult to replicate.
Combining the built Base with the Founder's experience and technical knowledge.
Traction
CEO uses his insurance broker for tests and validations with administrators on a basis of 200 condominiums.