Proof of Usefulness Report

Insurmatics

Analysis completed on 2/19/2026

+19
Proof of Usefulness Score
You're In Business

The project 'Insurmatics' presents as an IoT-based insurance risk management platform. While the concept of using smart home data for insurance underwriting is valid and market-relevant, the submission is critically undermined by demonstrably false claims (e.g., 'most people have used my product', audience is 'everyone'). Evaluation of the website reveals significant issues, including 'Lorem ipsum' placeholder text and conflicting data, suggesting the platform is at best in an early Proof of Concept (PoC) phase rather than a live product with the claimed traction. The revenue figure likely misinterprets a 'Risk Prevented' dashboard metric. Consequently, the score reflects minimal verified traction and poor submission quality.

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Score Breakdown

Real World Utility+30.0
Audience Reach Impact+2.5
Technical Innovation+15.0
Evidence Of Traction+5.0
Market Timing Relevance+70.0
Functional Completeness+5.0
Subtotal+18.25
Usefulness Multiplierx1.04
Final Score+19

Project Details

Project URL
insurmatics.com
Description
Insurmatics introduces a best-in-class, smart home solution to insurance companies that saves time and money to improve risk management and precarious relationships between insurers and insureds. Besides, Insurmatics offers smart home solutions for policyholders with incentives. Exploiting IoT and AI mitigates loss, theft, or damage risks and increases market penetration because of the provided unfair competitive advantages. Our platform is designed as a low code programming architecture that sets up a far more convenient journey to build out an idea from zero and easy integrations with other services for innovative insurance firms. Moreover, it reduces or removes the burden of IT development cycles. It gives you an on-demand white label product for connecting, protecting, and covering homes 24/7.

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