ShareBoont partners with Insly to bring insurtech innovation to Central and Eastern Europe
Boont, the tech-driven Croatian startup MGA, has chosen to work with Insly to supply insurance software for all its backend processes. Boont chose Insly due to its flexibility, scalability, and ease of integration.
Boont is building a modern digital insurance business, using the latest technology and innovative features, including telematics, a safe driving app, and a reward scheme to bring more personalised insurance products to its customers and encourage safer driving. Boont will launch its offering with motor insurance and eventually diversify into other personal lines such as household, accident, and travel.
The business aims to begin trading in Q1 2024, targeting products to clients in EU Central and Eastern European markets. Zarko Fatovic, previously CEO of Croatian-based ERGO Insurance, co-founded the business. He is joined by Josip Maricevic, who is also co-founder and chief technology officer at Tolar.io.
Boont was impressed with Insly’s robust back-office functionality and ability to connect to its unique frontend systems, designed to create an intuitive user experience and provide innovative functionality including telematics, video telematics, and personalised driving feedback to increase customers' road safety. The team was also attracted to Insly’s rapid product build functionality and open APIs, which will be critical to easing implementation and accelerating time to value.
Fatovic commented: “Boont is on a mission to create the most seamless insurance experience possible for our customers. That demands not just a well-designed front-end, but also the foundations to deliver the entire insurance lifecycle, from product development right through to claims. For us, Insly is the best on the market for providing flexibility, functionality, and deep insurance expertise, and we are confident that they will be integral to our growth in the months and years ahead.”
Risto Rossar, CEO and founder of Insly commented: “Boont is transforming how insurance is sold and how customers are incentivised to manage the risks they face. Insly’s platform is the ideal solution for their growth plans; built specifically for insurance MGAs that want to put technology at the core of delivering customer value and driving growth. We are excited to see what they can achieve.”