Boont has developed new insurance on the market – the first insurance that refunds safe drivers

Boont, a technology-driven Croatian startup that brings innovations to the insurance market with its modern digital platform, has premiered a new insurance – the first that refunds good drivers! Boont represents a revolution in vehicle insurance. This unique approach allows for individual risk profiling of each driver, offering personalized prices that reflect the actual level of risk.

– As an innovative Croatian startup, in collaboration with Groupama Insurance, we have developed a unique insurance on the market that rewards responsible drivers with a refund. Our mission is to increase road safety by encouraging responsible driver behavior. Our goal is to reduce the number of traffic accidents on the roads and reward responsible drivers as positive examples for others. That is why we are developing innovative and technologically advanced services that offer users better conditions. Our insurance uses state-of-the-art technologies to record driving habits, allowing us to accurately assess risk and provide tailored solutions. Thanks to our partnership with Groupama Insurance, we can offer stable and reliable insurance that combines the best of technology and traditional insurance, providing users with products that meet their actual needs and driving behavior – said Žarko Fatović, founder of Boont, regarding the latest innovations in auto insurance and the partnership with Groupama Insurance.

In addition to increasing safety and technological innovations, Boont’s insurance also aims to enable savings for its clients. With this unique product, drivers who demonstrate responsible behavior on the roads can receive a refund of part of their premium. In this way, their attention and care for safety in traffic are directly rewarded.

– In the entrepreneurial and innovative idea on which Boont is based, we recognized the values and goals that we also promote: safe driving and greater individualization of risk. Given that we previously developed a flexible business model that could support such collaboration, we decided to open cooperation with Boont and hope that their entrepreneurial venture will be a successful example for others to continue with innovations in this area – emphasized Marijan Kralj, Director of Product Portfolio Development at Groupama Insurance.

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Marijan Kralj, Director of Groupama Insurance

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– Top-notch support for sales networks, both internal and external, has been one of our strategic priorities from the very beginning, and we have developed a business model and necessary resources accordingly. The successful realization of support for this innovative business idea is proof that we have already made significant progress in implementing our business strategy. Since this entrepreneurial breakthrough also carries an educational component that encourages the development of financial literacy in the field of insurance, we wish the Boont team much success in further business development – concluded Sanel Volarić, CEO of Groupama Insurance.

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Sanel Volarić, CEO of Groupama Insurance

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To use this innovation in insurance, it is necessary to install the free Boont app on your smartphones. In it, drivers can track their drives and receive a premium refund by driving without using their mobile phones, driving at appropriate speeds, and avoiding sudden accelerations and braking.

Based on sensors embedded in smartphones, the Boont app records key driving parameters. This data is used to assess driving behavior, based on which the premium refund is calculated. Boont expects that more than 80% of drivers using telematics will be eligible for a premium refund. The premium refund is calculated for all clients every 12 weeks and is paid into their account within the Boont app. The better the driving scores, the higher the refund percentage. Upon receiving the premium refund in their account within the Boont app, clients can further dispose of it as they wish, either for purchasing another policy or withdrawing it to their current account. Boont intends to develop its loyalty program to offer clients additional benefits. This system motivates drivers to continuously improve their driving skills and maintain safety on the roads. Ultimately, Boont is not only developing a new generation of vehicle insurance but also shaping a safer and fairer future on Croatian roads.

Boont insurance not only enhances vehicle insurance but also contributes to creating a safer and fairer future on Croatian roads. More information about this innovative insurance, as well as all its benefits, can be found on the website boont.hr. On the mentioned site, all interested parties can use a gift voucher of 20 euros with the promo code: START20 until July 16, 2024. Insure your car today!