Resolved Risk
About Resolved Risk
The work made for Resolved Risk runs to 1 verified project since 2020 — mostly DesignThinking, Prototype and Branding.
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Prototype Brings InsureTech Startup’s Vision to Life
Founded in 2021 by Dan London, Resolved Risk is a web-based insurance platform that validates risk transfer and tracks compliance for construction company owners and general contractors in the New York commercial general liability market. A former commercial litigation attorney and expert in risk transfer in the construction industry, London consistently was hearing from insurance carriers that had sold policies to general contractors and were stuck footing the bill for claims they thought would be covered by subcontractors’ policies. Hiring attorneys to review the policies in advance wasn’t feasible, and the general contractors weren’t financially incentivized to solve the problem. So London set out to create a digital platform, powered by machine learning, that would enable carriers to automate the coverage review and verification processes for these subcontractors. By standardizing the risk transfer provisions of policyholders’ subcontracts and automating the enforcement of these provisions, insurance carriers can substantially reduce total loss, potentially saving them tens of millions of dollars per year. London knew in order to get buy-in from these carriers, he would need to demonstrate he had more than just an idea; he had a proof of concept and a clear roadmap to development. Creating a prototype would help him move forward with validation, marketing, and development at the same time. He was impressed by Praxent’s organized, user-centered approach and decided to move forward with designing and developing a clickable prototype, which along with an app map, wireframes, and style guide, he was able to complete in just 8 weeks. Now, London is able to move forward into development because his backend technical team not only has the frontend design but also a clear picture of his vision for the platform. He is also able to secure meetings and conduct demos with potential carriers thanks to the prototype. Credits: Agency: Praxent https://praxent.com/