Company Performance Metrics
Joon-woo Ryu: CEO
Bomapp Inc., the most funded South Korean Insurtech is the developer and operator of Bomapp app, an integrated mobile insurance manager. The company aims to provide new value and experience of insurance via simple and easy to use insurance service powered by IT and data.
Bomapp’s iconic service, “Bomapp Coverage Fitting” empowers insurance
consumers by providing better information through personalized coverage report in a simple and easy manner.
The app also offers helpful features including “Current Policy Lookup”, “Easy Claim”, “Insurance Gift”, and “Complimentary Public Insurance Lookup”, to make insurance more engaging to a broader audience. As of July 2020, Bomapp app marked 2.2M downloads with 1.7M signed-up users.
Along with its B2C line of business, Bomapp is also innovating B2B and B2B2C insurance territory by catering to emerging insurance needs of SMEs and platform service providers.
The company plans to further enhance its digital insurance experience to make everything—from comparing to applying—truly digital via personalized coverage with more reasonable premium.
