5 December, 2025

bolttech and Kyobo Lifeplanet partner to build out digital insurance distribution offerings in Korea

bolttech and Kyobo Lifeplanet are joining forces to expand insurance distribution by integrating innovative tech solutions like ‘Laplay’ and ‘Barun Plan’ into bolttech’s digital platform

Seoul, Korea, 5th December 2025 – Kyobo Lifeplanet Life Insurance (“Kyobo Lifeplanet”), Korea’s only digital life insurer, and global insurtech, bolttech, have signed a strategic agreement to collaborate on building innovative digital insurance distribution solutions for Korea and beyond.

This agreement focuses on enhancing platforms for digital insurance distribution, improving on existing models. Through this partnership, the companies will integrate Kyobo Lifeplanet’s innovative offerings – Laplay and Barun Plan – with bolttech’s global embedded protection platform to offer innovative insurtech solutions that can scale globally.

Laplay is Kyobo Lifeplanet’s loyalty engagement service that rewards customers with points for completing activities such as walking. These points can be used to pay insurance premiums or purchase books. Since its launch, Laplay has achieved a tenfold increase in monthly active users within just one year.

Barun Plan is Korea’s first-ever mobile coverage analysis service, delivering precise evaluations of customers’ existing insurance policies to create tailored portfolios and unlock premium-saving opportunities. With 4.8 million cumulative uses and ₩2.8 billion in saved premiums this year alone, it has earned recognition as one of the industry’s leading platforms for coverage analysis.

Young-Seok Kim, CEO of Kyobo Lifeplanet, stated, “This partnership is a new momentum for expanding Kyobo Lifeplanet’s proven digital insurance and service technology capabilities in Korea to a global platform,” adding, “Through active collaboration with bolttech, a global insurtech leader, we will drive innovation in global digital insurance distribution structures.”

Kwang-bum Koh, General Manager of bolttech Korea, said, “This partnership strengthens bolttech’s embedded insurance and SaaS capabilities, paving the way for a dynamic ecosystem that redefines how insurance is delivered and experienced. Through this collaboration, we will introduce innovative software features for our partners and expand our offerings from non-life to life insurance products, helping to close the protection gap in Korea and beyond.”

Selected as ‘Insurtech of the Year’ by InsuranceNews Asia for four consecutive years (2021 to 2024), bolttech operates the world’s largest technology-enabled insurance exchange across 39 markets in Asia, Europe, North America, and Africa. Since launching in Korea in 2020, bolttech has partnered with leading brands like LG U+ and Lotte Hi-Mart to deliver innovative device protection and subscription services.

At the heart of bolttech’s growth is its insurance SaaS platform – a plug-and-play solution that connects insurers and products through a single API. With customisable UI components and seamless integration, partners can launch and manage digital insurance services quickly, without complex system development.

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About Kyobo Lifeplanet

Kyobo Lifeplanet Life Insurance is Korea’s first and only digital life insurance company, pioneering the direct-to-consumer insurance market with innovative online products and data-driven services. The company provides a full range of digital insurance solutions, from protection and savings products to personalized financial planning tools such as “Laplay” and “Barun Plan.” By combining technology and customer-centric design, Kyobo Lifeplanet aims to make insurance simpler, more transparent, and more engaging for everyone.

For more information, please visit www.lifeplanet.co.kr.