Temple University Business Plan
The Future of the Brokerage Model:
The VIP Portal Solution
TEMPLE CONSULTANTS:
Tim Cornish
Cathleen Gabriel
Justin LoPiccolo
Cristina Vigilante
Table of Contents
Executive Summary .......................................................................................................................1
Market Analysis .............................................................................................................................2
Competitive Analysis .....................................................................................................................4
Virtual Insurance Procurement Portal ........................................................................................7
Technology ......................................................................................................................................7
Financials ........................................................................................................................................9
Summation of Findings................................................................................................................12
Works Cited ..................................................................................................................................13
Executive Summary
The insurance industry is a noble profession, helping people in their time of need and protecting financial assets. Unfortunately, this nobility goes largely unnoticed. The insurance brokerage industry is struggling to demonstrate the true value of services as a trusted risk advisor and solidify the broker’s role in the client’s value chain. This lack of value recognition and the disintermediation through technology will push clients to inferior substitutes. In the current brokerage model, brokers carry out a lot of behind-the-scenes work which clients do not fully realize and appreciate. The Temple Consultants designed the Virtual Insurance Procurement
Portal (VIPP or VIP
The VIP Portal Solution
TEMPLE CONSULTANTS:
Tim Cornish
Cathleen Gabriel
Justin LoPiccolo
Cristina Vigilante
Table of Contents
Executive Summary .......................................................................................................................1
Market Analysis .............................................................................................................................2
Competitive Analysis .....................................................................................................................4
Virtual Insurance Procurement Portal ........................................................................................7
Technology ......................................................................................................................................7
Financials ........................................................................................................................................9
Summation of Findings................................................................................................................12
Works Cited ..................................................................................................................................13
Executive Summary
The insurance industry is a noble profession, helping people in their time of need and protecting financial assets. Unfortunately, this nobility goes largely unnoticed. The insurance brokerage industry is struggling to demonstrate the true value of services as a trusted risk advisor and solidify the broker’s role in the client’s value chain. This lack of value recognition and the disintermediation through technology will push clients to inferior substitutes. In the current brokerage model, brokers carry out a lot of behind-the-scenes work which clients do not fully realize and appreciate. The Temple Consultants designed the Virtual Insurance Procurement
Portal (VIPP or VIP
Cited: Hoover 's. "Insurance Agencies & Brokerages." Hoover 's, Inc., n.d. Web. 13