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MOBILE & TELECOMMUNICATIONS | Mobile Commerce / Travel (mobile)
green-on.fr

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Founded Year

2009

Stage

Unattributed | Alive

Total Raised

$1.57M

Last Raised

$1.57M | 4 yrs ago

Mosaic Score

+10 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Green On

Green On provides companies and administrations (SNCF, Banque de France, STMicroelectronics, etc.) with self-service e-bike stations for their employees private and job-related trips. It consists of electric cycles and offers the possibility to book and manage ones account thanks to an online responsive environment.

Green On Headquarter Location

Paris,

France

+337.62.66.94.37

Latest Green On News

Hi Marley’s Michael Green on Making Insurance Lovable

Dec 31, 2021

The AI-based SMS texting platform supplies a P&C specific communication and engagement layer missing from insurers’ investments in core, ERP and CRM systems. Photo by author. )  Entrepreneur Michael Green had a very bad day some years back after his car slid on black ice in rural Massachusetts. The resulting accident led to physical therapy, which in turn necessitated ongoing interactions with the insurance industry. Out of that adversity came the idea to create Hi Marley , the AI-based SMS texting platform company of which Green is co-founder and CEO. “I came out thinking that the insurance industry could be better by turning its communications from reactive to proactive,” he says. Green was no newcomer to insurance, having co-founded Futurity Group, a software and services company dedicated to performance analysis, monitoring and improvement of P&C claims operations, acquired by Aon (London) three years after its founding in 2010. As a result of the acquisition, Green joined Aon as a partner, co-leading the firm’s insurance and claims practice. At the time of his recovery, Green saw positive signs with InsurTech ventures such as Lemonade and Root helping to reshape the business. However, also observed that over 40 percent of the public continued to distrust the insurance industry. He and his colleagues arrived at a philosophy that communication is the foundation of trust, adapted the insight to insurance and came up with a simple conclusion. “Insurance is like a grumpy old uncle, and if we can get this grumpy old uncle communicating better, the industry can gain trust,” Green explains. “The fundamental thing is communication is foundation of trust; trust is the foundation of love, and if we want to make insurance lovable, we need to make this grumpy old uncle a good communicator.” Hi Marley’s approach to muting the grumpy part and emphasizing the avuncular is to provide what nine out of ten consumers prefer: effective text messaging. Insurers invest a great deal in enterprise software in the form of core systems, ERP and CRM, Green observes. However, he adds, for all the benefits of such systems, they leave out a key engagement or communication layer. Michael Greene, CEO, Hi Marley. Founded in 2017, and securing its first customer— West Bend Mutual (West Bend, Wisc. )—in that year, Hi Marley began serving the insurance industry with texting for claims as its first use case. The company sought to combine the simplicity of text communications with the inherent complexities of claims handling. In this respect, Green says, Hi Marley’s knowledge of the property/casualty industry was fundamental. “You can take a claim and start with an FNOL bot and then hand it over to a physical damage adjuster, maybe a bodily injury adjuster, or to determine salvage for a total loss,” he explains. “Simple bi-directional texting won’t support that use case.” The complexity of a single claim is multiplied by the potential interactions of the thousands of parties in a large complex ecosystem of insurers, agents, adjusters, service providers and other entities, Green elaborates. “Insurance isn’t a single company; it’s a complex communications fabric, and the parties have to be able to connect,” he says. Intelligent Texting across the Insurance Value Chain Today Hi Marley provides intelligent communication well beyond claims, across the entire insurance value chain. There are other engagement layer provides, and of course other industries have their complexities. However, Green stresses Hi Marley’s property/casualty industry focus as its primary differentiator for carriers. Specific capabilities that set Hi Marley apart include its Collaboration Hub, which allows omni-party messaging. “Most carriers pick us because of that,” Green says. Another obvious differentiator is insurance-specific data, according to Green. “We focus on compliance-related data, but we also have insurance-specific metrics, such as cycle time, C-sat score and sentiment analysis captured,” he relates. “Imagine a claimant getting upset, talking in broken English and saying they were going to get an attorney,” Green adds. “It turns out their primary language is Spanish. Asked about language, the customer selects Spanish, and the dialogue continues on a much better footing.” Green identifies “Coaching Networks” as third differentiator. The term, coined by Hi Marley investor Gordon Ritter, refers to an adaptation of machine learning as a complement to—not a replacement of—human intelligence. In practice, this means having focused, specific data sets that prompt potential actions for service professionals to take—for example, to send a link with preferred body shops to help a claimant resolve their claim quicker. Hi…Bob? The Hi Marley name is a differentiator of a sort, as all brands are. As to its origin, Green says that the “grumpy uncle” trope relates to the movie “A Man Called Ove,” based on a novel by Swedish author Fredrik Backman. That led to the company’s mantra of “Simple, loveable protection”—but not yet a name. As Green obsessed about that, he recalls one of his co-founders saying, “Mike, leave me alone—I’m trying to make a product!” Hi Marley co-founders Mitesh Suchak, Michael Green and John Miller. (Click to enlarge.) After the untimely death of a mutual friend, the co-founders took comfort in listening to some upbeat music. One of the tunes was Bob Marley’s “Three Little Birds,” probably better known for the lyric, “every little thing gonna be all right.” For some reason, this led Green to think of a dog as a brand mascot. In response to that thought, Green’s colleague said, “I know! Call it ‘Bob.’ Wiser counsels prevailed and agreement followed on the naming of the platform, as well as the company’s industry-specific focus. “We believe an engagement layer has to be industry focused, so we are 100 percent P&C focused,” Green comments. “Our whole team wakes up thinking a about our carrier customers and their policyholders. We like to say we care as much about their policyholders as they do.”

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Expert Collections containing Green On

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Green On is included in 2 Expert Collections, including Bike & Scooter Tech.

B

Bike & Scooter Tech

350 items

We define bike and scooter technology startups as companies working on shared vehicle networks, vehicle design, and charging infrastructure for bicycles, scooters, mopeds, and other compact vehicles for one to two passengers.

A

Auto & Mobility Tech

919 items

Companies developing battery electric vehicles (BEVs) and fuel cell vehicles (FCEVs) as well as companies working on improvements to battery design, building out charging infrastructure, and launching EV sharing services to help accelerate adoption.

Green On Patents

Green On has filed 8 patents.

The 3 most popular patent topics include:

  • Capacitors
  • Electrochemistry
  • Energy conversion
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/15/2017

9/10/2019

Energy storage, Capacitors, Physical chemistry, Energy conversion, Electrochemistry

Grant

Application Date

3/15/2017

Grant Date

9/10/2019

Title

Related Topics

Energy storage, Capacitors, Physical chemistry, Energy conversion, Electrochemistry

Status

Grant

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