bolttech
Bolttech is a large insurtech company founded in 2020, specializing in insurance technology and device protection. With a team of 903, it operates in over 30 markets globally, connecting 700 distribution partners with more than 230 insurance providers.
Company Overview
Founded in 2020, the company operates in the insurance industry with a focus on insurtech and insurance technology. The company has a team size of 903, categorizing it as a large business. It aims to build a technology-enabled ecosystem for protection and insurance, leveraging a full suite of digital and data-driven capabilities to enhance the efficiency of buying and selling insurance products.
Global Operations
The company operates in over 35 markets across North America, Asia, Europe, and Africa. It connects 700 distribution partners with more than 230 insurance providers. The company has a presence in multiple locations, including Singapore, Seoul, Kuala Lumpur, Dublin, Jakarta, and New York, among others.
Partnerships and Collaborations
The company has established various partnerships to enhance its service offerings. Notable collaborations include partnerships with WINDTRE in Italy for a device trade-in program, Tune Protect Group in Malaysia for device protection solutions, and Globe in the Philippines for the launch of Gadget Xchange. These partnerships support its goal of providing comprehensive protection solutions.
Funding and Valuation
The company raised US$196 million in a Series B funding round led by Tokio Marine, with the total Series B extended to US$246 million. It achieved a valuation of US$1.6 billion in this funding round. The company has also acquired Digital Care, a Poland-based device protection company, and a majority shareholding in broker Axle Asia in Indonesia.
Awards and Recognition
In 2022, the company earned 14 global awards for industry excellence, highlighting its commitment to innovation and quality in the insurance sector. These awards reflect the company's impact and recognition within the insurtech industry.