MVP Development for Launching of InsurTech Startup

Our team got an ambitious task to make a simple and understandable MVP for client onboarding and to sell insurance services in 90 seconds. We decided to use the design thinking tool and agile technology to develop the MVP concept.

Empathy
Focusing
Idea Generation
Choosing Idea
Prototyping
Testing

At the stage of empathy and focusing we conducted interviews with potential customers: we learned about their experience in home insurance, problems they encountered in receiving payments. We developed customer journey maps (CJMs) and came up with a lot of ideas for the first prototype.

Our ideas for the first prototype
Positive thinking
Bringing positive to the process and product
Communication
Solving communications problems
Technology
Using the latest technology
Customer care
Not just insuring, but caring and problem solving
The first MVP
Onboarding: adaptive website and chatbot

First, we designed the prototype in Figma and tested it on users, then we collected feedback and finalized the mock-ups.

We have two characters Valera and Sofia. Valera told a story about how to protect an apartment by buying an insurance certificate from Mango. Sofia helped buy and pay for insurance through a chatbot. Communication was based on bright and positive images, simple and clear explanations about the insurance product.

Sofia's function was to help the client learn about the important conditions of insurance certificate and pay for it online. To solve this problem we chose chatbot as the most effective solution to help clients 24/7. We integrated the chatbot with Facebook, so that the client did not need to enter his name. To quickly fill in the fields, enter the address and calculate the square meter of the apartment, we integrated chatbot with DaData.

Development & testing

We constantly tested our solution on users and improved it in order to reach as close as possible the goals set by our customer. Development process was delivered in 2-week sprints. When we tested our prototype with a moderator we were sure that our client's goals will be achieved.

MVP success criteria
%
test users
go onboarding with a purchase in 90 seconds
understand what is covered and not covered by insurance
understand why we ask additional questions in onboarding process
%
test users
want to buy our insurance for real
The second MVP
What we need to improve in the second version

We need to suggest an additional design solution and to develop website sections «Terms and Conditions», «About the Company» as well as to work out trust metric both to product and company name. We had to abandon the idea with chatbot because it turned out not a very habitual solution for a mass client. Chatbot Valera fulfilled his mission and it was replaced by landing page.

What we have done

As a result the final version of website home page included a detailed description of entire process of purchasing insurance certificate, benefits of Mango as a reliable company, an explanation of insurable event registration and getting insurance payout. We proposed to create a separate page section with official information about the company and its capital to demonstrate to customers the reliable partners of young insurtech startup Mango. In perspective we planned to publish customer reviews and personal stories about the insurance helps clients.

What we have done

As a result the final version of website home page included a detailed description of entire process of purchasing insurance certificate, benefits of Mango as a reliable company, an explanation of insurable event registration and getting insurance payout. We proposed to create a separate page section with official information about the company and its capital to demonstrate to customers the reliable partners of young insurtech startup Mango. In perspective we planned to publish customer reviews and personal stories about the insurance helps clients.

Results

Our team helped Mango enter the market in 10 months from development to the sales launch.

Within feature development process and hypothesis testing, Self took responsibility for the tasks and completed them on time, using flexible Agile, Customer Journey Mapping and UI / UX research methodologies. Implemented MVP successfully passed the test, the necessary KPIs were completed.
Tamara Zuykova Head of Engineering, Mango
Next case
Digital Platform & Mobile App Design OTP BankLearn more
Connect with us