Proof of Usefulness Report

InsureVite

Analysis completed on 1/23/2026

+12
Proof of Usefulness Score
You're In Business

InsureVite is a verifiable Singapore-based insurtech startup founded in 2017 with ~$75k in seed funding (2019). However, the submission contains significant red flags, including hyper-exaggerated claims of reach ('most people have used my product') and 'everyone' as the target audience. While the project addresses a real problem (underinsurance in SE Asia) using chatbot technology, it appears to have stagnated since 2020 with minimal recent traction. The extremely low quality of the submission inputs (e.g., 'all time marketcap: null') heavily penalized the score.

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Score Breakdown

Real World Utility+5.0
Audience Reach Impact+1.0
Technical Innovation+2.25
Evidence Of Traction+2.5
Market Timing Relevance+1.0
Functional Completeness+0.25
Subtotal+12
Usefulness Multiplierx1.0
Final Score+12

Project Details

Project URL
insurevite.com
Description
InsureVite is a virtual bot assistant enabling incumbent insurers to provide access to insurance to hundreds of millions of underinsured and uninsured population in Southeast Asia and beyond, while at the same time bringing costs of education by more than 95%\n\nThrough our proprietary community referral platform, we enable people from even the remotest part of the country to be included in some form of insurance programs.\n\nInsureVite's technology achieves the following Sustainable Development Goals (SDG) - SDG 3 (Good health \u0026 Wellbeing) and SDG 10 (Reduced Inequalities). \n\nJoin us in our mission today! Invest in us or collaborate to make the world a better place for all

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline