Round 1 Winners!
Proof of Usefulness Report

VisInsure

Analysis completed on 3/17/2026

+94.3
Proof of Usefulness Score
You're In Business

The project demonstrates solid conceptual utility in the InsurTech space by leveraging AI object recognition for underwriting and claims. However, the submission is severely compromised by hyperbolic, unsubstantiated claims regarding traction ('most people have used my product') and vague audience definitions. Despite a claimed team size of 30, there is no verifiable evidence of user adoption or credible revenue, placing its score in the minimal traction category.

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Score Breakdown

Real World Utility+75
Audience Reach Impact+0
Technical Innovation+30
Evidence Of Traction+0
Market Timing Relevance+10
Functional Completeness+0
Subtotal+115
Usefulness Multiplierx0.82
Final Score+94

Project Details

Project URL
Description
VisInsure is an application that recognizes objects in live capture and documents them for the purpose of insurance underwriting and claims services for more accurate homeowners’ policies. AI Object Recognition Technology Record, upload and playback videos for every room in your insured's property. Our advanced AI object recognition technology automatically detects inventory objects in the video. Using other images, data inputs, and descriptions from the users we will improve object detection with the use of AI Machine learning in the live capture process. This will allow a user to select an object and add to our neural network, which will greatly improve the accuracy of understanding what an object looks likes. The software would then populate a label map of “suggestions” to the user to improve the input speed into the database; the more users and items that are in the database, the more accurate at detecting the objects. Increased Security & Location Accuracy Images saved include geo-tagging which adds longitude and latitude to the meta tag within the image. This greatly increases the placement accuracy of the object within the property threshold and deter objects being entered that are outside of the property criteria set forth contractually. You can also, use the recognition technology to take photos of receipts and it will convert the text to provide more details for your inventory.

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