Four Site Inc. Company Profile

Background

Overview

Four Site Inc. is an innovative Insurtech company specializing in digital insurance solutions tailored to the needs of the insurance industry. Founded in 2015, the company is headquartered in Miami, Florida, and operates globally, offering a comprehensive platform that streamlines insurance processes and enhances customer engagement.

Mission and Vision

Four Site's mission is to revolutionize the insurance industry by providing cutting-edge technology solutions that simplify complex insurance processes, improve efficiency, and deliver superior customer experiences. The company's vision is to be a leading provider of digital insurance platforms, driving innovation and setting new standards in the industry.

Primary Area of Focus

The company's primary focus is on developing and delivering digital platforms that integrate various aspects of the insurance value chain, including underwriting, claims management, customer engagement, and risk assessment. By leveraging advanced technologies, Four Site aims to modernize and optimize traditional insurance operations.

Industry Significance

In the rapidly evolving Insurtech sector, Four Site stands out for its comprehensive approach to digitalizing insurance processes. Its solutions address critical industry challenges, such as data fragmentation, inefficiencies in claims processing, and the need for enhanced customer engagement, positioning the company as a significant player in the market.

Key Strategic Focus

Core Objectives

• Digital Transformation: Accelerate the adoption of digital technologies within the insurance industry to streamline operations and improve service delivery.

• Customer-Centric Solutions: Develop platforms that enhance customer engagement and satisfaction through intuitive interfaces and personalized services.

• Operational Efficiency: Implement solutions that automate and optimize insurance processes, reducing costs and increasing productivity.

Specific Areas of Specialization

• Pre-Mitigation Software: Specializing in software solutions that assist insurers and brokers in assessing and mitigating risks before policy issuance.

• Customer Engagement Platforms: Creating platforms that facilitate seamless communication and interaction between insurers and their clients.

Key Technologies Utilized

• Cloud Computing: Utilizing Amazon Web Services (AWS) for scalable and secure cloud infrastructure.

• Data Analytics: Employing advanced data analytics to provide insights into risk assessment and customer behavior.

• Mobile Applications: Developing mobile solutions to enhance accessibility and user engagement.

Primary Markets Targeted

• Insurance Carriers: Providing solutions that streamline underwriting and claims processes.

• Brokers and Agents: Offering tools to improve client interactions and policy management.

• End-Consumers: Enhancing the insurance experience for policyholders through user-friendly platforms.

Financials and Funding

Funding History

As a privately held company, Four Site Inc. has not publicly disclosed detailed financial information or funding history. The company has been self-funded since its inception, focusing on organic growth and reinvestment into product development and market expansion.

Recent Funding Rounds

There is no publicly available information regarding recent funding rounds or external investments.

Notable Investors

Specific details about investors are not publicly disclosed.

Utilization of Capital

The capital has been primarily utilized for:

• Product Development: Enhancing and expanding the digital insurance platform.

• Market Expansion: Entering new geographic markets and increasing market penetration.

• Operational Scaling: Building infrastructure to support a growing customer base.

Pipeline Development

Key Pipeline Candidates

Four Site is actively developing several key initiatives:

• ARC Home: A platform that allows homeowners to manage and share their property information securely with insurers and service providers.

• ARC Pro: A solution designed for insurance professionals to access and manage property data efficiently.

• ARC RCE: A tool for accurate residential replacement cost estimation, ensuring current cost accuracy for materials and labor.

Stages of Development

• ARC Home and ARC Pro: Both platforms are in the beta stage of development, with a planned release in Q3 2019.

• ARC RCE: This tool is currently in development, with no specific release date announced.

Target Conditions

These platforms aim to address challenges in property data management, risk assessment, and customer engagement within the insurance industry.

Anticipated Milestones

• Beta Testing: Scheduled for Q3 2019.

• Full Deployment: Expected in subsequent quarters, following successful beta testing and feedback integration.

Technological Platform and Innovation

Proprietary Technologies

• Inspection Management System: An innovative system developed to streamline the inspection process, from ordering to hazard identification, enhancing efficiency and accuracy.

Significant Scientific Methods

• Data Analytics: Utilizing advanced analytics to provide insights into risk assessment and customer behavior.

• Mobile Application Development: Creating user-friendly mobile applications to enhance customer engagement and data accessibility.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, the company's focus on data analytics and mobile applications suggests the potential integration of AI technologies to enhance decision-making and user experience.

Leadership Team

Marc Kelly – CEO / Founder / Evangelist

Marc leads by example, inspiring others with his incredible work ethic and drive for success. With 20 years of experience in IT, including a tenure as VP for iomart PLC, he has managed many successful startup operations as part of the C-suite management team. As CEO of Four Site Inc., Marc has been instrumental in building the company from the ground up without external funding.

Colin Nicholson – CTO / Founder / Senior Full Stack Developer

Colin has over 20 years of experience in IT, having previously worked with iomart PLC, a global Managed Service Provider and Software company. As CTO and head of development at Four Site, he specializes in full-stack development, infrastructure, networking, cloud services, and IT security. Colin holds multiple professional accreditations, including the latest AWS developer certifications.

Carly – Marketing and Partner Engagement / Founder

With a background in sales and marketing support for 12 years, Carly transitioned into the insurance industry in 2012. She holds a 220 License and has six years of underwriting experience within the High-Net-Worth Property and E+S market, focusing on Loss Prevention and CAT loss. Carly combines her sales, marketing, and insurance experience to elevate her career in the Insurtech space.

Emma – Senior Dev Testing and Support / Founder

Emma has been with Four Site from the beginning, demonstrating a willingness to face challenges and assist customers. She is regarded as an integral part of the Four Site Services Team, holding dual roles within the Group and Services arm. Emma is dedicated to delivering accurate and timely reports, ensuring clear and concise data for underwriting decisions.

Bobby – CFO / Investment / Group

Bobby is a modern-thinking, vibrant, and driven CFO who adds untapped value to the Four Site team. After graduating from the University of Strathclyde in Glasgow, he joined the Bank of Scotland, attaining his CIMA qualification by the age of 25. Bobby has over 12 years in the banking industry, developing specialisms in risk-based pricing, funding, and lending products. He left banking in 2017 to build his own accountancy business and now serves as CFO for high-potential businesses.

Michelle – Operations Manager / Group

Michelle is an outstanding leader and employee who has been with Four Site from the beginning. She is willing to face any problem, assist any customer, and learn how to solve issues. Michelle is respected and regarded as an integral part of the Four Site Services Team, holding dual roles within the Group and Services arm. She is dedicated to delivering accurate and timely reports, ensuring clear and concise data for underwriting decisions.

Danny – Social Media Manager / Loss Prevention Inspector / Group

Danny is a vibrant young professional at the start of his career, demonstrating great potential and innovation. He serves as the chief content creator and master of social media for Four Site, as well as one of the top field inspectors in the South Florida region. Danny merges loss mitigation inspections with engaging content delivery, providing valuable knowledge, support, and entertainment to clients, end-users, and partner customers.

Milena – Senior UX/UI Designer / Group

Milena is a