Taipei, 15 June 2023 – International insurtech, bolttech, today announced its partnership with one of Taiwan’s leading telecommunications providers, Taiwan Mobile, to offer a range of personal insurance options for customers on the Taiwan Mobile app.
Powered by bolttech’s insurance exchange platform, the first phase of the partnership will see the launch of 13 different travel insurance products underwritten by Fubon Insurance providing coverage from NT$3 million up to NT$12 million, to cater to the varied needs of customers. Taiwan Mobile customers can get insured in under three minutes when they log in and purchase insurance products through their Taiwan Mobile account.
Chris Plumley, CEO North Asia, bolttech, said, “We are proud to collaborate with Taiwan Mobile, a leading company in the telecommunications, smart living, and financial services sectors in the Taiwanese market. Together, we will connect Taiwan Mobile's user base of 7 million customers to a range of innovative and valued insurance products that we’ve integrated into our insurance trading platform, allowing customers to purchase coverage in a more convenient and intuitive manner. This initial launch will focus on travel insurance, enabling Taiwan Mobile customers to find an easier and better way to protect what matters most while roaming.”
Vincent Wu, Vice President, Telecom Financial Service of Taiwan Mobile, said, "Taiwan Mobile possesses inherent advantages in the telecommunications industry, including KYC (know your customer), big data, and a database of 7 million users. With the goal of creating a comprehensive telecom financial product ecosystem, Taiwan Mobile has collaborated with International insurtech bolttech Digital Insurance Brokers to establish this online insurance platform. Users can conveniently select suitable insurance products anytime and anywhere based on their insurance needs. Taiwan Mobile will also continue to expand the insurance product offerings to provide users with more convenient insurance choices.”
bolttech and Taiwan Mobile plan to expand their partnership and product offering, including auto, personal injury and cyber insurance.
Customers can find out more about the travel insurance offerings here: https://twm5g.co/xXQJ
About Taiwan Mobile
Taiwan Mobile is the second-largest telecommunications provider in Taiwan. With new technology vision, it has integrated telecommunications, network, media, entertainment, and e-commerce group synergy to create a "convergence-into-one" platform that provides technology solutions; at the same time, it incorporates the 5G+ Strategy, leveraging momo coins through the entire group to expand point application scenarios and create a momo coin ecosphere. Taiwan Mobile is guided by an "Open Possible" brand spirit that employs imagination, technological power, action, connectivity, and inspiration to provide seamless and convenient services. With the upcoming merger with Taiwan Star, Taiwan Mobile is poised to significantly increase its user base and the scale of its channels. This will lead to overall improvement in the company's brand competitiveness. For more information, please visit https://english.taiwanmobile.com/.