baoba

Parametric insurance infrastructure for travel insurers, OTAs, and airlines

Specialty Solutions Startup Seed

Overview

Baoba is a parametric insurance infrastructure platform for travel insurers, online travel agents, and airlines. Founded in 2021 by Kata Ludvig, the company provides an end-to-end technology layer that allows insurance companies to build, launch, and operate parametric and index-based products without manual claims handling.

The platform combines geospatial data, location intelligence, and machine learning to detect triggering events -- such as flight delays, weather thresholds, or travel disruptions -- and automatically initiate payouts to policyholders. Distribution partners integrate Baoba via REST API, embedding parametric coverage at the point of sale within booking flows, digital wallets, and airline or OTA platforms.

Baoba operates internationally with offices in the US, Canada, and Hungary. The company has attracted partnerships with Blink Parametric (CPP Group), Continental Assist, CHERRISK by UNIQA, and YOUR PASS, and received a pre-seed investment from Granpool Innovative Investments. The founder was recognized in the Forbes 30 Under 30 list, and the company is listed in the Hannover Re equarium insurtech innovation pool.

Products & Services

Parametric Insurance Platform

An end-to-end infrastructure platform that enables insurance companies to create and distribute parametric products using location intelligence and machine learning. Insurers configure triggers, payout logic, and distribution rules without manual claims workflows.

Key Features

Automated event detection using geospatial and flight data feeds
Configurable trigger thresholds (delay duration, rainfall, wind speed)
Real-time payout processing without claims submission
White-label and co-branded product options for distribution partners

Target Users: Insurance carriers, MGAs, travel product designers

Blue Access (Flight Delay Insurance)

A parametric flight delay product that automatically triggers when a flight delay exceeds three hours. Policyholders choose between premium lounge access or instant cash compensation, with no claim required.

Key Features

Automated flight monitoring via data integrations
Lounge access or cash payout selection at trigger point
No-claim customer experience
Embeddable at airline and OTA checkout

Target Users: Airlines, online travel agents, travel insurers

Weather Guarantee Products

Parametric weather insurance that initiates payouts when defined meteorological conditions are met, such as rainfall levels or wind speed events, without requiring policyholders to file a claim.

Key Features

Configurable weather trigger parameters
Integration with weather data providers
Automated payout on confirmed event
Applicable to travel, events, and property contexts

Target Users: Travel insurers, event organizers, specialty carriers

Travel Disruption Solutions

Coverage for flight cancellation, hotel disruption, and lost or delayed luggage, with automated payouts based on verified events rather than manual claims assessment.

Key Features

Real-time luggage tracking integration
Flight cancellation verification via airline data
Instant cash payout or voucher delivery
Multi-product bundling capability

Target Users: Travel insurers, OTAs, airlines

API Integration Platform

A REST API that allows distribution partners to embed Baoba-powered parametric products directly into their own platforms, extending insurer product portfolios at the point of sale.

Key Features

Simple REST API integration
Point-of-sale embedding for travel and booking platforms
Guidewire compatibility
Support for airline and OTA system integrations

Target Users: Insurance carriers, travel platforms, airlines, OTAs

At a Glance

Founded: 2021
Headquarters: Miami Beach, Florida, USA
Employees: 11-50
Funding: Seed

Category & Focus

Category: Specialty Solutions
Subcategories: Parametric Insurance Travel Insurance Technology Embedded Insurance
Insurance Verticals: Specialty/E&S P&C Personal
Target Customers: Carriers, MGAs/MGUs, Agents/Agencies