Irys InsurtechIrys is building an AI-powered agency management system (AMS) for insurance brokers that can automate front-to-back office workflows. IrysMargaux Giles is the CEO of Irys. Prior to Irys, Margaux spent 15 years in insurance as an account manager, agency owner, and a technology consultant. This company is her life’s work, a product inspired by the challenges Margaux and her peers faced as daily users of agency management systems. Who is the CEO of Irys?Can you share a little bit about Irys?Winning in this market requires easy access to mid-sized / large insurance brokers and a deep understanding of how to overcome high switching costs. The Irys team fits the bill given it is comprised of lifelong insurance agency professionals with tenure as trusted consultants for digital transformation and technology needs.What makes this team special? How does the product solve customer problems? Incumbent agency management systems offer a user interface comparable to Windows 95 and need to be supplemented by a patchwork of manual point solution integrations. Irys solves for this with a sleek, consolidated user interface that leverages AI to eliminate manual workflows and boost broker productivity.Irys provides a much-needed upgrade to agency management systems that is designed to streamline diverse broker workflows while ensuring industry-leading ease of adoption. What differentiates the product? What attracted you to the
market? A legacy duopoly that has stopped innovating commands $1.2B in aggregate annual revenue. Generative AI is enabling the disruption of this duopoly at a time when the industry needs it the most – the broker workforce is aging and a successful handoff to a more tech-savvy generation must take place.How can I get in touch with
Irys?Please feel free to reach out to Margaux Giles over Akul Penugonda over Linkedin Akul Penugonda over Linkedin Akul Penugonda over Linkedin Please feel free to reach out to Akul Penugonda over Please feel free to reach out to Akul Penugonda over Please feel free to reach out to Akul Penugonda over Charlie Serota over Linkedin
Irys Insurtech is building an AI-powered agency management system (AMS) for insurance brokers that can automate front-to-back office workflows. Margaux Giles is the CEO of Irys. Prior to Irys, Margaux spent 15 years in insurance as an account manager, agency owner, and a technology consultant. This company is her life’s work, a product inspired by the challenges Margaux and her peers faced as daily users of agency management systems. Who is the CEO of Irys?Can you share a little bit about Irys?Winning in this market requires easy access to mid-sized / large insurance brokers and a deep understanding of how to overcome high switching costs. The Irys team fits the bill given it is comprised of lifelong insurance agency professionals with tenure as trusted consultants for digital transformation and technology needs.What makes this team special?How does the product solve customer problems?Incumbent agency management systems offer a user interface comparable to Windows 95 and need to be supplemented by a patchwork of manual point solution integrations. Irys solves for this with a sleek, consolidated user interface that leverages AI to eliminate manual workflows and boost broker productivity.Irys provides a much-needed upgrade to agency management systems that is designed to streamline diverse broker workflows while ensuring industry-leading ease of adoption. What differentiates the product?What attracted you to the market?A legacy duopoly that has stopped innovating commands $1.2B in aggregate annual revenue. Generative AI is enabling the disruption of this duopoly at a time when the industry needs it the most – the broker workforce is aging and a successful handoff to a more tech-savvy generation must take place.How can I get in touch with Irys?Please feel free to reach out to
Margaux Giles over How does Hico support its portfolio companies post-investment?
"Our global investment platform provides support to portfolio companies across key corporate functions, including business development, marketing, fundraising, and talent. In addition, our collaboration-friendly approach to venture allows us to tap into the resources of:
- SK Networks: SK Networks is the inceptive unit of SK Group, a F500 conglomerate. As an anchor LP to our fund, SK Networks is committed to supporting our portfolio companies in efforts spanning fundraising, internationalization, and business plan execution.
- Bow Capital: a University of California ecosystem fund that invests in Series A startups. Our partnership with Bow Capital allows our portfolio companies to gain exclusive access to the University of California, sports and media, and Silicon Valley titans.
LinkedinAre there areas that Hico does not invest in?
Please feel free to reach out to us over Irys
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Bow Capital Management, LLC (“Bow Capital”) is an independent investment adviser that is not affiliated with Hico Ventures. Bow Capital has not prepared, and is not responsible for, the contents of this site.
Legal
Bow Capital Management, LLC (“Bow Capital”) is an independent investment adviser that is not affiliated with Hico Ventures. Bow Capital has not prepared, and is not responsible for, the contents of this site.
