Innovative parametric insurance solutions for everyone

Innovative parametric insurance solutions for everyone

A revolutionary parametric weather insurance product, offering customers protection against bad weather conditions through automatic reimbursement.

Baoba.com

Fintech

Context of the company

BAOBA is an up-and-coming player of the Insurtech market creating excellent customer-centric parametric insurance products.

Context of the company

Goal of the project

Firstly, we organized numerous encounters with the various stakeholders to get a deep understanding of the vision behind the Weather Guarantee product. Consequently we established a common knowledge base with all streams including data science, actuarial, legal and product. Despite the complexity of the project we successfully went through the discovery process together with BAOBA where we conceptualized what the Weather Guarantee product would eventually become once realized. Finally, we prepared a future roadmap and plan for how the product could come alive from an operational perspective.

Goal of the project
Our tasks

Our tasks

Tools and tech
we used

Team

Balázs Szima-Mármarosi

Balázs Szima-Mármarosi

CEO

László Kozma

László Kozma

COO

Dániel Bálint

Dániel Bálint

Head of PMO

Fatma Kolak

Fatma Kolak

Project Manager

Zoltán Luttenberger

Zoltán Luttenberger

Business Analyst

Outcome
of the project

Innovative parametric insurance solutions for everyone

As a result of our collaboration, BAOBA was provided with a clear vision of the Weather Guarantee product and a general roadmap containing all steps, timings and resources required to create something amazing. We prepared a Business Requirements Specification (BRS), a Functional Requirements Specification (FRS) and an Implementation plan incorporating everything there is to know about the Weather Guarantee product and platform.

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