How To Create Insurance Website or App like State Farm, Geico or Allstate?

Are you interested in creating your own  insurance website or mobile app? Perhaps you have a unique idea something like a  car insurance app, insurance marketplace, construction local insurance service web app,  even AI insurance helper or just a regular Insurance app clone. Well, stay with me because  I’ll give you a step-by-step guide on how to do that, how to run this business, how to use AI  advantage and create an MVP with a tiny budget. I'm Dennis Babych, the Director  of a software develo

pment company, my team and I created more  than 200+ mobile and web apps. My goal today is to guide you through  the framework of how to test your idea, outperform your competitors, hire the  greatest team, and save money along the way. All of this knowledge comes from my  agency's expertise, successful businesses, and top-tier practices combined into  one ultimate system. Let's get started! Now, I'd like to be 100% transparent  here. This video is not about how to code an Insurance app within 5

or 10 hours,  many YouTubers is doing that but it’s just a huge fake. If so many companies out  there hiring software engineers paying them huge salaries to create an app with  a 6 month period then why do you think yet another YouTuber will give a silver  bullet on how to do that in 5 hours? Also, I’m not gonna share a marketing  nonsense regarding no-code tools. Yes, from a marketing point of view its a  great clickbait but in reality it’s just a tool for super simple and super basic apps. Ok

, let's start by identifying the core  components of your Insurance platform. Depending on your business goals  it might include the mobile apps for users a web app for insurance  companies and the super admin zone. The mobile or a web apps for users will  have the functionality such as registration, purchasing insurance, claim filling, telematic  tools, reviews, notifications and so on. The web app for insurance companies will have  functions such as creating the insurance type, setuping the pr

ice, claim management,  documents storage, support and so on. The web-based admin zone will offers  features like users and insurance management, verification processes, analytics,  financial management and more. Now, let’s discuss the price of your custom  insurance platform. It will include basic functions like authorization, purchasing  insurance, user profile, claim and so on. Also, there are several things you have to keep  in mind such as: quality assurance, bug fixing, project management,

maintenance and risks.  Estimating the cost of developing unique features, I mean your core idea, at this stage, can  be quite challenging. But don't worry, I'm here to provide you with pricing for  the basic skeleton MVP functionality. Here's a pro tip for you: if an investor  contract requires an in-house development team, you'll need to allocate a budget  based on US or EU rates. However, you always have the option to outsource your  software development expenditures to Ukraine, which can be

a significant game-changer  when you are seeking value for money. Ukraine is an absolute hidden gem in the software  development world. Many successful startups such as GitLab, Grammarly, and Jooble have already  recognized the huge value of hiring Ukrainian developers to build top-notch software. Ukrainian  developers have excellent English skills, extensive experience in outsourcing development,  strong math background, they have innovative thinking which help them always think outside of  th

e box, on top of that they are hard workers. So, when you start your app development  journey, many beginners fall into these standard traps. First, they often put all their  energy into coding the product, especially if they come from a software development  background, so at the end of the day, they have a software diamond but they do not know  how run a business, how to do sales and marketing, how to manage finance, how to do a market  research, how to build a team from scratch, how to fund t

he project and how to  adapt product to a rapid market changes. Or they get caught up in an endless cycle  of adding features, chasing an illusion of a perfect product. One of my previous clients was  so obsessed with adding more and more features that he has been trying to run and improve his  food delivery service for the past 8 years. He is still dreaming about adding one more  thing. He never launched his product live. The next trap is when people jump into  creating simple clones of existin

g products, which have lack of real value and  industry knowledge which don't address the real needs of their audience.  It’s those Uber clones with subscriptions, TikTok clones for clothes, AI SaaS  nonsense with ChatGPT on the background. This approach is driven more by the  founder’s vision than by market demand, which leads to a quick failure: no  clients, financial loss, and bankruptcy. Now, before you start your insurance  project, there are two crucial things. First, shift your focus from

creating an insurance  product to creating a business that solves real problems for your audience. This  means understanding their needs, pains, and desires, and then creating your  insurance app as the solution. Second, remember that your resources – time,  money, and motivation – are limited. Business is a war according to Sun  Tzu. And here is another twist, you have to make one quick strike to break  the reality and market defence and win the war quickly. It's not about just doing  more; it

's about doing what's right and effective. Utilize the proper frameworks,  tools, and strategies to achieve your goals with laser-focused and efficient  actions that we will discuss right now. Also, do you know why investors are right now  investing mostly only in startups that already have paying customers? Because this means that  their founders managed to pass the reality check and use minimum resources to create a business  from scratch. So, they managed to do this war strike properly. When

your business model  is viable, then it’s reasonable to scale it and invest in innovative services that  can be a real game changer in the market. So, what is the first step to achieve that?  Create the MVP. Minimum Viable Product. MVP is not just a buzzword. It's a philosophy  of each and every process in your business, which means that you have to put all  your focus and attention on things that are really important and get rid  of all the unimportant nonsense. Picture this, you're aiming to b

uild some  Insurance platform. You're looking at user mobile apps, web app for insurance companies, maybe  video support chats, multiple payment options and so on. But hold on a minute. Do you truly  need a video chats right now? Could you, perhaps, use a third-party service such as Intercom to  cover all support issues? And that feedback insurance system – is it urgent? Maybe it's one of  those things that can wait until your version 2.0 Take one of my insurance  clients; at the beginning, we m

anaged to create a transformation  of their excel tables into a web app for their insurance agents with a basic  design, basic functions, basic logo, and so on. Only when they got a 20% business  income increase after digitalization we managed to create a mobile apps for their users  where they can choose an insurance and so on. So, features are not solving the problem  of your audience and feature obsession, as I said earlier, can kill your startup.  Let’s be honest, no one expects that you wil

l create the best product from day  one, but people are always looking for a tool that will solve their specific  problem, even if this tool is not perfect. But here is the tricky thing, if you are creating  a clone of an existing solution then you have to find a different angle on how you will present  your solution to the market. Because if you are creating a 15th solution that, let’s say car  insurance without any unique advantages then you will be a commodity in your customers' eyes  and the

y will find just the cheapest solution. Hidden gem: you can check negative comments of your competitors audience to find out  what real problems users are trying to solve and where you have to put your  focus to create a successful clone. Alright, each and every business starts with  the business plan. But I’m sure you already getting bored when you hear these words, that’s  why you should use the MVP approach even in the business plan creation process and for this  Lean Canvas modified tool is

the best tool. It's like a business plan on a napkin that uncovers  all hidden aspects that you need to focus on. This knowledge comes from 3 different sources,  Lean Startup Eric Ries, Ash Maurya and his basic lean canvas and the experience of my 1000+  Lean Canvas workshops with my clients. By the way, if you want learn more about Lean  Canvas, watch this video. Link in the description. So, it starts with understanding your  user groups and their main pain points. What are their struggles? Wha

t issues can your  service address and make their lives easier? Next, explore your competitors and  the solutions they offer. Identify their advantages, disadvantages, and  their strategies that you can adapt. Your goal is to find the space where you  can outshine your competitors by creating a unique solution for your specific  niche without reinventing the wheel. On top of that, look at the industry giants  for inspiration. They've mastered the game, and you can learn from them by studying  th

eir user flows and proven methodologies. However, don't limit your research only to  the big players! Expand your scope and explore startups in smaller niches and different  countries. You never know what you might discover - there could be a hidden gem that gives  you a competitive edge in the market. Trust me, this exploration could be the most beneficial  factor in your startup's success. On top of that, you can learn which startup ideas  was successful and which one fails. Next, your unique

unfair advantage. This  is the most powerful factor that sets you apart from your rivals. It could be  your personal charisma, networking, secret and unfair knowledge,  AI advantage and so on. For example, my friend Carl when he was working  in the corporate sector he found out that many employees order food from different restaurants  and he had access to these corporate companies' contact databases which become his unfair  advantage when he decided to create his own food delivery service for a

corporate sector and he  received $25M in funding at the end of the day. Ok, once you've identified your unique edge,  it's time to target your early adopters. These individuals will be the pioneers who will  test your service and give you the most valuable feedback at the early stage. Discover  where they spend their time online and create a cool marketing hook to engage them. Give them  something truly unique and powerful. Broadcast your unique offer via social media, Discord,  Telegram, Infl

uencers or just regular ads. By keeping a close eye on how your app's doing and  really diving into the feedback from your users, you can shed light on what needs to  be changed or improved and so on. By the way, if the info that I’m  sharing now resonate with you, please hit that like button and subscribe to stay  updated and gain more business insights. Thanks! But how to save money during the  software development process? Well, you have to identify your product  market fit which is basically

a simple features list that will solve  your users' problems. When you have this list then you can develop only these  features and cut all other nonsense. Which lead us that you have to  offer innovative and disruptive solutions that address the pains and  gains of your target audience? Thus completing your Value Proposition  table is the key to achieving that. Picture this you have an exciting idea  for your insurance app. Before starting the software development phase, it's  important to ide

ntify pains and gains of your users. It could be something  like: claims process frustrations, poor customer service, difficulty in comparing  policies from different providers and so on. Once you have identified all these issues, it's  the perfect time to leverage your platform to tackle them. You can provide solutions such  as: standardised online claim process that have to resolve the problem in 7 days, online  customer chat using even standard WhatsApp, Viber and Telegram to communicate with

the  support and comparing table where customer can choose the best insurance provider on  your platform, where you can do up sell, cross sell and down sell of insurance  services according to their needs. Look, when you prioritize the platform value for your audience on front and keep that  at the core of everything you do, you're setting up your business to become  a money-making machine from day one. Remember, small companies and startups  can easily outperform industry leaders by being agil

e, flexible, and focusing  on unique problems and local niches. You don't have to compete with  everyone in the market. Instead, concentrate on a specific audience and  provide them with the best possible value. And always keep in mind that it's  crucial to fall in love with your customers' problems and not just your solutions. When we are talking about love, one of  the most fundamental things that you have to keep in mind it’s your personal care and  love for your customers. Your customer it’s

your God and you have to serve them, solve  their issues and find a way on how you can disrupt old fashion market by adding small  things but what makes all the difference. Let me illustrate this with an example.  One crypto company funded two software development teams simultaneously to develop two  different crypto wallets. At the end of the day, they had two different but similar products. Both functioned, but only one gained a  huge fan base while the other was really unsuccessful. What mad

e the difference? One  team, during the design and programming stage, fully missed or ignored an issue in one crypto  network where a transaction often required 5 to 10 attempts due to network glitches. Their  solution was just a simple popup with an error notification. It was not the part of their  job description, so they just ignored that. The other team, however, came up with a  system solution where all these repeated attempts happen in the background, showing  the user only a beautiful pro

gress bar. Once a transaction was completed after 5 or 10  attempts, a congratulatory popup appeared. Can you guess which approach brought  user engagement and satisfaction? Look, the love and assistance that your app  provides should always aid your customers in addressing their problems. Offer them unique  care; that can truly make a world of difference. Okay, once you've done a deep dive into your  customers' needs, pinpointed all your customers' problems, finished competitors' research and 

come up with a bunch of software solutions, it's a perfect time to properly prioritize your  software features to create your MVP. You have to figure out which features are must-haves,  should have, could have, and won't be developed. This savvy approach not only gives you a  solid game plan for the essential features your app needs without busting the  budget, but it also lets you pivot as necessary without burning through all  your resources. Plus, it helps you with finding the path to your ap

p's core idea and  crystallize your project's main objectives, translating them into the software features  that should be on your development list. Hidden gem: you would have to pivot  a few times until you find a really perfect solution that will  suit all your users' needs, that’s why limiting yourself with the amount  of features for the MVP is so important. And that's where a story map comes into  play. With a well-crafted story map, you can break down the user requirements and map out the

essential features that need  to be developed and launched quickly. But hold on, there's more! To ensure  maximum user engagement and satisfaction, it's important to develop separate  story maps for each user type. Think of it as providing each user  group with their own treasure map, guiding them directly to the features that  are most important to them. By doing this, you can identify the specific needs of each group  and prioritize the features accordingly. This way, your MVP will meet their

crucial needs and  provide the best possible value at this stage. Thus, the real power of a story map lies in its  capacity to help you save funds on one side, while simultaneously enabling  you to concentrate on providing the most value to your audience at  the right stage on the other side. Alright, let's talk about the business  logic of your app and the UX design. Please, please keep in mind that this  is the most important part of the design stage. Trust me UI is  worth nothing if the UX is

bad. Picture this, a few years ago many of my clients  came to me with the existing UI design of their services, it was a diamond from a UI point of  view but it was a mess from a business logic and UX point of view. Chats that do not explain  how they work. Can I upload an image or not? What about chatting one-to-one or many-to-many and so  on and so on? It was an endless list of issues. So my clients have 2 options. Option number  one, re-do everything from scratch: business logic and UX of t

heir app and then re-do UI once  again or option number two start the software development and ignore these issues and pay an  arm and a leg during the software development phase when it comes to clarification process of  the business logic of these blocks and modules. Hidden gem: Never ever use those fancy UI agencies  or freelancers that will produce problems and issues for your MVP and business logic, but  yes, it will definitely look nice and cool. So, the UI it’s like a skin and the UX  it’

s like a skeleton. UX design is the blueprint of your app business logic,  where you create every possible user case and scenario. It helps you uncover  all the hidden or unexpected user flows. For example, let's say you're in the process of  creating your insurance app clone. You've covered the basic functions like login, purchasing  insurance, standard claim flow and so on. But what about situations where user need to  upload more documents regarding some case? Have you incorporated a feature

or a  functionality for that? These are the types of issues where mockups and UX design business  logic will help you identify potential gaps. Look, once again, the UX design serves as  the foundation for your app's functionality and user experience, and it's crucial  to make this foundation rock solid. Next, let's discuss UI Design, where  two key aspects are crucial. In the early stages of your journey, UI  design might not be a top priority, unless you are targeting a specific niche or  a com

munity. For an MVP, the UI design should be accessible to users of all age groups. This  means the UI should be modern but not too fancy. Also, your UI design should facilitate users  in solving their problems with the fewest clicks possible. Because each additional click  will cost you a user and their engagement. So, your job here is to incorporate well-known icons,  design intuitive elements, their locations, and a simple color scheme that will help  your users swiftly and effectively navigat

e your app. Forget about branding, fancy logos,  animations and other visual design nonsense. At the early stage, this won't bring value  neither to you nor to your customers. Center your design around your  users' problems, minimizing clicks, accelerating user goal paths, and  simple but modern design esthetics. Consider the example of my friends Tim and Brian, who successfully created a tax SaaS system using  just a basic bootstrap design. Within a few years, they managed to achieve a successf

ul  exit by selling their SaaS to HappyTax. However, branding, logos, and animations  become valuable assets only when your app is operational and you're planning to  attract investors and raise funds. This is precisely what happened with my friend James  and his food delivery app Foodstuff. Initially, the logo was just simple text and the UI design  was basic. Later, we transformed it into a unique design with branding colors and more, in  order to secure funding via crowdfunding. Here's a help

ful pro tip for you - to generate  really cool UI design style and ideas, explore portfolios on websites like Behance  or Dribble. Search for web and mobile apps, and incorporate design elements  that catch your attention. And remember what Picasso said, "good  artists copy, great artists steal." If you found value in these tips, please  show your support by hitting that like button and subscribing to my channel. Your  support will boost this video visibility in the YouTube algorithm and you don

't miss any  valuable business videos from me. Thank you! One of the most fundamental concepts in marketing  is the framework of 'selling dollars with a discount.' It’s a powerful strategy that you must  master and apply to all your offers. Imagine this scenario: if someone were to create a legit  smart contract offering you to buy only one Bitcoin for $500 price, I will repeat legit smart  contract, would you have any doubts and concerns, or would you immediately inform all your  friends and fa

mily to buy as much as possible? So, your marketing offer must  have the same compelling power, which leads us back to a fundamental  thing I want to emphasize again: your web or app service must solve  a real problem of your audience. How does this work in real life? Take 11Labs,  a startup that can emulate your voice. You just upload a 5-minute audio file, and then their  AI can replicate your voice from the text you type. Initially, this innovation was their  unfair advantage. But they are ad

vancing now, offering their audience the ability to transform  their YouTube video's audio track from English to Spanish, German, French, and many other languages.  For just a few hundred dollars, you can do what Mr. Beast does when he adds different languages  to his videos, thereby gaining more views, subscribers, advertisements, and promotions.  This is a prime example of how simple text-to-audio conversion can be leveraged  into a 'dollars with discount' framework. So, when creating your sta

ndout marketing offer,  it's essential to explore different angles and ideas for presenting it. Test these offers  using platforms like Facebook or Google Ads, and then proceed with the most effective one.  Remember, always make data-driven decisions. Also, consider that it's generally easier to sell  100 subscriptions at a $10 price point than 10 subscriptions at $100. People are more likely  subscribe to your service if it's priced like a cup of coffee. However, this doesn’t mean you  should b

e cheaper than your competitors. No no no, you should be more expensive, and to achieve this,  two simultaneous actions are required. First, increase the value of your services and  effectively communicate this using the 'dollar with discounts' methodology.  Second, provide options for your users to purchase additional services within your  software, similar to what AWS or SemRush do, where customers can buy subscriptions  within their existing subscription. So, are you interested in delving  de

eper into the world of startups, AI and businesses? Do you want to  connect with business-minded founders and entrepreneurs where I share tons  of insights and host live chats? If so, click the link in the video description and  join me on my Telegram channel right now. Now, let's delve into the tech stack. This is one  of the most critical aspects when creating your online insurance platform. Therefore, choosing  the right tech stack is vital to avoid challenges such as slow user interfaces, no

n-scalable and  non-maintainable cloud infrastructure, high costs, payment and subscription issues, and the risk  of your app going offline during traffic spikes. So, if you're planning to create insurance  web or mobile app, it's essential to select the appropriate tech stack that enables rapid  development of your minimum viable product. Flutter or React Native are excellent choices  for the mobile app. For back-end development, Python, Django, Node.js plus Amazon Web  Services are perfect opt

ions. Web app can be created using frameworks  like Angular, React or Vue.js. But if your app will require many  different functions such as video chat, streaming, online chat gps and so  on then it’s reasonable use native languages and frameworks such as Swift  and Kotlin for iOS and Android. Also, keep in mind that you will need to scale your  app after you launch your MVP so choosing the right tech stack is like receiving an  accurate diagnosis after a blood test. Ok, when you already jumped

into this journey  you have to choose the right framework to follow. I recommend you utilize for your MVP  the Agile process, one of the most powerful methodologies out there that can significantly  speed up your development process. However, did you know that in some situations, it can  actually slow down your project by up to 30%? Picture this: you have a team of 5 developers who  understand their roles, communicate effectively, and have made significant progress in coding the  product, they c

ould use simple tools like Trello, Notion, Miro, Asana, Monday, Google  Docs, and quick Zoom meetings. However, as your team expands to 15 or more  people, you may face some challenges such as: losing your key developers, complex and  time-consuming onboarding processes, reduced team productivity, communication issues, missed deadlines, and a decline  in code quality and architecture. To avoid these problems, it's important to: * Hire a tech lead to oversee the team and code architecture. * Find

a project manager with a tech background * Implement SCRUM, Sprints, Backlog,  and Retrospective processes. * Conduct daily standups to keep  everyone updated on pending tasks. * Utilize advanced tools like Jira to  manage tasks and track your team's velocity. Choosing the right tools at the appropriate  stage can accelerate your progress toward achieving your Minimum Viable Product.  However, keep in mind that even the best tools can lead to failure without  the necessary knowledge or expertis

e. Ok, when your project is up and running  you have to collect valuable data. So, collecting user analytics is a  crucial practice in the tech industry, allowing you to uncover essential  metrics like unique visitors, user behavior, and session frequency. Using  powerful tools such as Google Analytics, Sessionstack, Firebase, and Mixpanel  will enable you to gather valuable data. I remember, around 7 or 8 years ago, we created  an app for an Austrian multimillionaire that focused on online cour

ses about real estate.  The app included features like a forum, video courses, events, map, and more. Imagine  our surprise when, after integrating analytics, we discovered that 95% of the time, users  were only using the video and audio listening functions. We then moved his unique webinar  offers to this page, and as a result, his revenue increased from $1.5 million to $3 million  in just 4 months. This experience underscores the importance of creating an MVP (Minimum Viable  Product) and maki

ng data-driven decisions. By consistently tracking your app's  performance and analyzing your users' feedback, churn rate and conversion rate you  can pinpoint areas that require improvements to ensure your users' engagement,  satisfaction and your app's profits. Now, let's talk about a real game-changer  that you must leverage in your business: the Uberization philosophy and  framework. Consider this: 10 years ago, Uber revolutionized traditional taxi services.  Similarly, Airbnb and Booking.co

m transformed the hotel and booking industries. Your goal  is to identify a real problem and apply this framework in the classic Uberization manner.  However, if your niche is highly competitive, you should consider the new wave of Uberization,  which involves AI and called AI-isation. But please, please, do not be charmed with  these “genius” ideas about AI utilization with ChatGPT API in the background or  yet another Chrome extension using only OpenAI API or any other AI API as  the main sour

ce. Let’s be honest, it’s not a business it’s a parasite that  will die during the next year or so. When I mention AI, I'm referring to tools like  LangChain, Hugging Face, Agents and other tools, which can be utilized to develop, for  example, your app for the corporate sector. Imagine a SaaS platform that enables companies  to upload their support guidelines into your database. Then, their support staff can use  your chatbot assistant to ask questions about their job or client-related issues.

This is  a true game-changer that can help companies reduce spending on staff and training.  This means you can create a powerful, unique offer, and not just yet  another useless MidJourney clone. Alright, if you wanna build your insurance app  and you need my support just shoot me a message via Calendly, and we can have a 30-minute call  about your problem and how we can transform it into a money-making machine. Yes, my software  development services will cost you a dollar, but at the end of th

e day, you will have your  mobile or a web app with the right set of features to disrupt the market and maybe even utilize the  power of AI opportunity before it's too late. So, what are you waiting for? Schedule a  meeting; let's make it happen. See you!