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Coterie Insurance Integrates Confianza s Property Replacement Cost Estimator to Power New Commercial Property Replacement Cost Solution
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MIL-OSI: Coterie Insurance Integrates Confianza s Property Replacement Cost Estimator to Power New Commercial Property Replacement Cost Solution
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John Chavez (Marla Brose/Albuquerque Journal)
ALBUQUERQUE, N.M. Former New Mexico Angels President John Chavez is back doing what he does best – building a new startup that this time is focused on data analytics for the insurance industry.
Chavez, who resigned as president of the investor group last spring, joined three veteran insurance industry executives to launch Confianza Inc. in July to supply instantaneous, comprehensive information on potential customers for agents, brokers and insurance companies to make more-informed decisions on policies.
The company has proprietary software built over the last decade by one of the company’s four founders to offer a more complete set of data points through a single platform that’s faster and cheaper than other sources on the market today, Chavez said. It can help boost capacity for small- and medium-sized firms to better compete with large insurance companies.