25 March, 2022

Digital insurance advisory Sherpa receives strategic investment from bolttech

Together Sherpa and bolttech aim to close the advice gap for insurance customers by expanding Sherpa Score to new markets in Asia and the U.S.

Singapore, 25 March 2022 – Sherpa today announced it has received a strategic investment from bolttech, the international insurtech unicorn, as part of a collaboration to expand the international presence of the digital insurance and protection advisory tool, Sherpa Score.

Sherpa Score is a data-driven advisory platform that provides consumers with a highly customised visualisation of their insurance and protection gaps to inform their decision making. Users access unbiased and trustworthy advice in a seamless, instant manner around the clock. Businesses selling insurance can integrate the Sherpa Score platform into their own channels to drive increased engagement and understanding for a better experience for their customers.

Chris Kaye, Sherpa’s Chief Executive Officer, said, “Our collaboration with bolttech has already shed light on the enormous opportunity there is to bring our offering to more customers and partners. Combining Sherpa Score’s AI-driven technology with the impressive reach of bolttech’s insurance exchange will enable us to seamlessly integrate customer education and awareness into insurance purchasing journeys, equipping more customers with the insights and information they need to make better insurance decisions.”

The Sherpa Score platform will expand further into Asia and the U.S., leveraging the breadth and depth of bolttech’s ecosystem that powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.

Rob Schimek, bolttech’s Group Chief Executive Officer, said, “We are always looking for new and innovative ways to build or integrate capabilities that deliver more value to our insurance distribution partners and their customers. Our strategic investment in Sherpa will deepen our collaboration to enhance customers’ experience and drive engagement within our tech-enabled insurance exchange. By integrating Sherpa Score’s personalized insights into bolttech’s ecosystem of products and services, customers will better understand their protection needs and have the access and choice of relevant insurance products to meet those needs.”

bolttech has a proven track-record of technology innovation complemented with deep insurance experience. It is present in 30 markets across 3 continents – North America, Asia, and Europe.

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About Sherpa

Sherpa is on a mission to close the advice gap in insurance. Regulated as an insurance advisor in the UK, Sherpa now also operates in Asia and the U.S.

Sherpa’s proprietary Protection Score and digital advisor platform enables consumers, wherever they are researching and/or purchasing insurance online, to receive personalised advice and make confident decisions. This changes the conversation our clients have with their customers, driving engagement, conversion and lifetime value.

For more information, please visit www.sherpascore.com

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