Glovebox Direct Ltd.
Automotive marketplace for original equipment straight from the manufacturer.
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 67 % | 258 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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GloveBox is a client-facing platform designed for independent insurance agencies. The platform provides policyholders with a unified interface to manage their insurance needs, including accessing policy documents, making payments, and initiating claims. This service is delivered through a mobile application that integrates directly with insurance carriers and agency management systems, offering features like real-time policy information and direct communication channels with agents.
The business model is primarily B2B, targeting independent P&C (Property and Casualty) insurance agencies. GloveBox charges these agencies a subscription fee for its platform, which the agencies then offer to their clients, branded as their own. By consolidating various carrier portals into a single application, the company aims to reduce the administrative workload for both the agency and the end-customer, thereby improving client retention and operational efficiency for the agencies.
Keywords: insurance agency software, client portal, policy management, insurtech, P&C insurance, mobile application, customer experience, self-service platform, agent-client communication, carrier integration