Doug Carey

Oloop is an early stage, venture backed infrastructure company which will dominate distribution in a $31 billion niche of the insurance market which is ripe for online penetration. The company, still in stealth mode, has a profitable business model which provides a lower cost, compelling offering that removes the constraints of the traditional channels. The founders are experienced Stanford MBA's from the internet and finance world who have previously founded companies and whose backgrounds include Netscape, AOL and Credit Suisse First Boston. Their revolutionary insurance website allows consumers to shop for insurance and buy coverage online in about 10 minutes. Oloop also provides real-time access to knowledgeable insurance agents, allowing the visitor to make informed purchase decisions. The entire site can be private labeled allowing companies to offer insurance products to their own customers without incurring the overhead and cost of building an internet solution and licensed agency of their own.