Problem
It solves the lack of intelligence in the management of condominium insurance, risk exposure, advising the characteristics of each condominium to appropriate contracts, protecting the management of the trustee and the residents' assets, transforming dispersed data into decisions and opportunities for the entire condominium ecosystem.
Solution
Through the extraction of information and analysis of documents imported by the user, generating a 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 between R$249,00
Market
In Brazil, it is estimated that there are more than 500 thousand Condominiums, with insurance being provided for in the Brazilian Civil Code in Article 1. 346. In Portugal, it is estimated that there are more than 250 thousand Condominiums, as provided for in Article 1429. º of the Civil Code and in Decree-Law no. 268/94 (updated by Law No. 8/2022).
Competitors
There are no platforms like CondoCompare. The closest one is an agent that Sindiconet developed to assist in comparing budgets.
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.
Entry barrier
The main barrier to entry is the construction of a proprietary database of real data on condominiums, risks, insurance, coverage, claims, and decisions, integrated with different ecosystem participants. 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.
Traction
Yes, I use CondoCompare at my insurance broker for validations with administrators. With a test base of 200 condominiums.