Proof of Usefulness Report

InsurX

Analysis completed on 1/23/2026

+395
Proof of Usefulness Score
Certified Problem Solver

InsurX is a verified, high-value B2B algorithmic exchange for the London Insurance Market (Lloyd's). Despite the low-effort submission (claiming 'everyone' as audience and 'most people' as users), external verification confirms it is a legitimate scale-up with ~37 employees, over £100M in capacity throughput, and partnerships with major carriers like Beazley and Atrium. The project solves a critical infrastructure problem (syndication efficiency), warranting a high score comparable to established tech brands, heavily adjusting for the discrepancy between the poor submission quality and the excellent real-world traction.

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Score Breakdown

Real World Utility+138.0
Audience Reach Impact+28.8
Technical Innovation+61.2
Evidence Of Traction+138.0
Market Timing Relevance+36.0
Functional Completeness+1.0
Subtotal+403
Usefulness Multiplierx0.98
Final Score+395

Project Details

Project URL
Description
InsurX is a digital capacity exchange that connects insurance brokers and carriers in a digital environment to better trade commercial insurance capacity. The InsurX platform uses rich structured data and an intuitive user experience to improve the effectiveness of broker and carrier trading.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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