Balio

Balio is a digital platform that provides subscription management services for insurance, energy, and telecommunication contracts. The company operates as an insurance brokerage, registered in Lyon, France. It was founded in 2018 by Rodolfo Contreras and Frédérique Mascarin as part of an intrapreneurship program at Allianz France, where it was incubated in the Allianz Lab before its public launch on October 1, 2019.

The service is designed to simplify contract management for individuals by providing a single, secure member area to consolidate all documents, track budgets, and manage procedures. Balio's platform analyzes a user's existing contracts for services like home and auto insurance, mobile phone plans, and internet boxes, then finds more suitable offers on the market. A dedicated advisor works with the client to understand their needs and proposes optimized solutions. The company handles the entire process, including termination of old contracts and subscription to new ones, and periodically re-evaluates the contracts to ensure ongoing optimization. The service is free for users, and Balio earns revenue through partnerships with service providers. As of early 2023, its partners included Allianz, Generali, SwissLife, and APRIL, among others.

Keywords: contract management, insurance optimization, subscription management, personal finance, energy contracts, telecom contracts, digital brokerage, cost savings, automated contract analysis, contract concierge, household budget, insurance comparison, utility management, financial assistant