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Baoba Parametric Insurance Technology & Risk Engine

Released 10 August 2023
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We provide an entire ecosystem so insurance and assistance companies receive real-time, automated, geo-relevant insurance and risk information.

Vendor
Baoba Inc

Contacts

Photo of daniel papp
daniel papp
Baoba Inc
head of legal
Hungary

About

Baoba was founded in 2021 by insurance market experts and now has grown to a strong international team of 10 with proven execution capabilities covering key team roles. We've been selected by a number of international incubators and programs within the insurtech space. We currently work with leading European and US-based insurance partners.

We currently provide the following automated solutions:

  • Automated flight delay & lounge access - We are enabling our partners to offer instant access to 1200+ airport VIP lounges in case of a min. 2-hour delay
  • Automated Loss / Delayed Luggage - Real-time payout if the luggage is delayed by 30 minutes at the destination and a further payout if the luggage is still missing after 48 hours. All checked luggage is covered
  • Automated Weather Guarantee - instant, automated benefits if the weather is affecting your event

By using our boxed technology that consists of:

  • baobaTECH - Deep Learning Core Engine
  • baobaCONNECT - B2B Platform (Insurance PaaS)
  • baobaGO - Mobile-first customer portal

In addition, we provide sector-specific custom solutions:

  • Software development within the insurance space
  • Data science, location intelligence, customer experiences (UX solutions), Claims management, niche-bespoke products (e.g. cyber insurance technology)
  • Risk scores based on the location along the insurance value chain to improve pricing etc.
  • Expert services: actuarial services, digital insurance distribution, ESG
  • Access to an extended partner network

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