Insurance Powered By Communities
Bandboo is an insurance technology platform that allows members to form digital communities to cross insure one another. Premium ownership stays with the consumers and you get back whatever is un-utilised rebated back at the end of the term. Risk is spread across members in a safe and affordable manner.
Let’s see how we are different!
No Conflict of Interest
Your premiums are the insurance company’s revenue. Every dollar paid out to you for your claims is a dollar less in profit for the insurance company.
All premiums you have paid belong to you and stay in your Bandboo Account. We make no profits by denying claims.
You have no information on how your premiums are calculated or what they are used for.
You have full access to the information on payouts and premiums required each month.
Excess premiums collected are pocketed as profits.
100%, unconditional rebate of premiums not used to pay out claims.