Mid-West Expansion for Top Retention Analytic Insurtech
The industry-leading retention analytics platform for insurance announces the opening of its Des Moines office and local hiring. With the new location, ReFocus AI is looking to hire its first development team in the region. With 45% of ReFocus AI’s customers already based in the Mid-West, this expansion will allow its team to increase its presence in the insurance heartland further.
“Our team is very excited about this natural next step,” said Colby Tunick, CEO of ReFocus AI. “The Global Insurance Accelerator provided a springboard for our growing local presence. The region is full of software developers with industry-specific knowledge, and we are thrilled to hire our first development team here.”
“As a member of the GIA’s 2023 Cohort, ReFocus AI has certainly come to see Des Moines and this area as the Insurance Hub it is,” said Dan Israel, Managing Director of the Global Insurance Accelerator. “I am confident that this strategic geographical expansion and team build-out will put the ReFocus AI team squarely at the center of growth and opportunity.”
Industry experts estimate that acquiring a new policyholder is 5-25x more expensive than retaining an existing one, but until now, there was no way to anticipate if an account would churn predictively. “Being located in the Greater Des Moines region will help us be even closer to our customers, to serve them better,” said Dr. Nisar Hundewale, Chief Data Officer at ReFocus AI. ReFocus AI’s Converge platform offers a unique, turnkey solution that allows brokers and carriers to leverage the predictive power of their policyholder data to pinpoint the ideal retention action to reduce churn by as much as 25%.
The team is immediately looking to hire a Full Stack Engineer. Interested candidates can find further details and apply here.