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Advanced Insurance Products & Services

We are rendering the traditional auto insurance industry obsolete by use of advanced predictive models, big data, and software applications.

  • Stage Prototype Ready
  • Industry Financial Services
  • Location Erie, PA, USA
  • Currency USD
  • Founded November 2011
  • Employees 4
  • Website adv-ins.com

Company Summary

AIPS provides the proprietary analytics, applications, and technology platform necessary for the development of new and advanced forms of insurance like usage-based insurance (UBI). UBI and other forms of advanced insurance provide competitive advantage to insurers who use them due to their predictive superiority over current actuarial methods and their ability to produce profitable growth and improved overall auto underwriting results.

Team

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    Jeff Stempora
    CEO
    Unconfirmed

    Jeff has over 28 years experience in the insurance industry. His prior roles include: CEO, The Evogi Group, Strategy Officer and Board member, State Farm Mutual Insurance Companies, EVP and Global Head of Strategy, Citigroup, CTO, CNA Insurance, and SVP and Board member, Erie Insurance. Jeff has been a part of the development of some of the largest and most sophisticated analytic systems and insurance products at several large insurers.

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    Paul Bressan
    CFO
    Unconfirmed

    Paul has over 26 years of financial and accounting management experience. As a CFO, he has been responsible for the financial and accounting operations for companies with more than $200 million in assets and $250 million in annual revenues. Paul’s experience has included working for privately held and Fortune 500 companies. Paul has been the CFO for a successful start-up company, team leader for a $165MM asset sale, and worked on 2 corp mergers

  • Default avatar
    Gene Connell
    Advisor
    Unconfirmed

    Gene has over 35 years of industry experience. He currently serves as Deputy Secretary Compensation & Insurance, Commonwealth of Pennsyvania. Prior to that he served as Chief Actuary and Chief Risk Officer Erie Insurance, having developed usage based insurance for the organization. He also served in leadership roles at National Grange, Commercial Union, and Prudential. His experience includes management information systems leadership, insurance

Advisors

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    Norm Stark
    Lawyer
    Unconfirmed
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    Buddy Stark
    Accountant
    Unconfirmed

Previous Investors

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    Full Circle Investments
    Unconfirmed