FNO: InsureTech

Ep 232 - Founder and CEO of Roof Marketplace, Will Bazeley

Sep 8, 2023

Will Bazeley, Founder and CEO of Roof Marketplace, talks about how his technology company is revolutionizing insurance for roofing and roof estimates. He discusses the emerging tech in the roofing industry, the solution Roof Marketplace provides to make the customer experience easier, and how it helps roofers work more efficiently. Will also mentions that 94% of insurance carriers using Roof Marketplace give it a thumbs up and reveals that carriers spend about $20 billion annually on roof related claims.

52:07

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Episode guests

Will Bazeley

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Roof Marketplace simplifies the estimation process in the roofing industry by providing a platform for carriers to send claims and receive defendable and actionable bidding data in less than 24 hours.

The transparency and ease of the Roof Marketplace process benefit homeowners by providing three actionable bids and warranty information, simplifying the claims experience and offering peace of mind through reliable and high-quality roofing services.

Deep dives

Roof Marketplace: Simplifying Roofing Estimates

Roof Marketplace is a technology platform that aims to revolutionize the roofing industry by simplifying the estimation process. Carriers send their claims to Roof Marketplace, which then packages them with measurement data and relevant information. These packages are sent to vetted roofers within the platform, who can bid on the jobs in less than two minutes using their mobile devices. The platform provides transparency to homeowners, enabling them to compare and choose from three actionable bids. This efficient process saves carriers time and money by providing defendable and actionable bids in less than 24 hours. The platform also helps streamline the settlement process and address the issue of supplement claims. Roof Marketplace ensures high-quality work and warranties by partnering with industry-leading manufacturers and prioritizing local roofers. The platform's technology and marketplace model benefit carriers, contractors, and homeowners alike, resulting in a win-win-win situation.

Introduction

2min

Prince, Paisley, and Music

2min

Changing the Way Insurance is Done for Roof Estimates

3min

Location, Midwest Advantages, CDL Program, and Venture Backing

3min

Streamlining the Roofing Process

13min

Determining Bids and Insurance Usage

26min

The Excitement of Meeting In Person and Appreciating Will's Product

4min

Get ready to address the YES this week with guest Will Bazeley, the Founder and CEO of Roof Marketplace, a technology company that’s changing the way insurance is done when it comes to roofing and roof estimates. In the conversation, Will talks about the ways carriers are using Roof Marketplace, and how they are working to solve a big problem to bring some order to an otherwise potentially crazy area. Will talks about the emerging tech in the roofing industry, and how Roof Marketplace is providing a solution to make the customer experience easier, all while helping roofers get their job done easier and more efficiently.

Learn More:

www.fnoinsuretech.com

Will Bazeley: LinkedIn

Roof Marketplace

What You’ll Hear In This Episode:

[7:03] Will joins the show and talks about the path that led him to Roof Marketplace.

[8:00] Is Roof Marketplace a venture backed organization?

[8:32] Roof Marketplace was part of Creative Destruction Lab’s first entrance of companies, and a lot of good came out of it.

[9:15] The decision to rebuild Roof Marketplace’s whole platform from scratch.

[9:39] So, what exactly does Roof Marketplace do?

[12:07] Why 94% of the insurance carriers that use Roof Marketplace give it a thumbs up.

[16:33] Annually, carriers spend about $20 billion on roof related claims.

[21:14] How much the average roof costs in America.

[24:22] Will talks about their (trademarked) motto “address the yes”!

[26:30] The work stream for a carrier and how the technology fits in.

[27:52] Will talks about where the revenue for Roof Marketplace comes from.

[31:08] Making sure Roof Marketplace has the right roofers and partnering with leading industry partners to make sure they are getting the highest quality professionals.

[35:09] Who makes the decision on which roofer is going to be used?

[45:03] How the service helps homeowners get things done easier and in less time.

[44:26] Will talks about how Roof Marketplace is less a contractor network and more a technology and InsureTech platform.

[46:53] Does Roof Marketplace effect Loss Adjustment Expense?

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FNO: InsureTech

Ep 232 - Founder and CEO of Roof Marketplace, Will Bazeley

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Roof Marketplace: Simplifying Roofing Estimates

Benefits of Roof Marketplace for Carriers

Advantages for Roofers and Homeowners

The Future of Roof Marketplace and Its Impact

Remember Everything You Learn from Podcasts