Manolis Marsellos

  • Current company Insurance Market
  • Location Greece
  • Industry Financial Services

With multiple insurance providers and offers to choose from, determining the right insurance policy can be tiresome, difficult, and costly. Sotiris Papantonopoulos-Mantopoulos and Manolis Marsellos established Money-Market, an online insurance aggregator, to create an easier and more affordable way for Greeks to compare and purchase automobile, motorcycle, boat, and home insurance policies. The online platform aggregates the lowest-priced insurance policies from 17 insurance providers in a one-stop shop. Money-Market currently operates the leading online insurance aggregator in Greece’s US$6 billion insurance market, facilitating tens of thousands of active policies.

On the website, customers can compare, select, and purchase individually tailored insurance policies across a range of coverage and premiums. Money-Market also acts as full-service online brokerage partner to insurance companies , answering customer inquiries, underwriting policies and processing applications, and collecting payments. With over 100,000 unique monthly visitors, Money-Market facilitates twice the number of direct sales made by some insurance providers in a year. In addition to reducing customer acquisition costs, the platform increases insurer’s sales by leveraging customer behavior data to attract customers of specific risk levels. To continue to accelerate its growth, Money-Market plans to expand beyond auto insurance into health insurance and pensions.

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