Singapore, 20 October 2022 – International insurtech bolttech has been named by Sønr, an insurance market intelligence platform, to its 4th annual Insurtech 100 list. bolttech has climbed to 5th place on this year’s list, becoming the highest-ranking Asia-based insurtech, as well as the youngest company overall on the list.
First published in 2018, the Sønr Insurtech 100 is a compilation of the leading startups, scaleups and innovators driving change in insurance globally. The list is curated from tens of thousands of companies through Sønr’s comprehensive global dataset, as well as analysis from world-class industry experts.
This achievement follows bolttech’s announcement of its Series B funding round, led by Tokio Marine, bringing the firm to an up-round valuation of approximately US$1.5 billion. Last year, the Singapore-based insurtech achieved unicorn status after raising the largest ever Series A funding round.
Matt Connolly, Founder and CEO, Sønr, said, “The Sønr team has been following bolttech closely since its inception in 2020 and we think they truly deserve their spot on this year’s list. In just two short years, bolttech has grown rapidly by connecting hundreds of insurers and distribution partners across Asia, Europe and the United States. What bolttech is doing is truly incredible and we can’t wait to see what else they have in store for the industry.”