Singapore, 18 October 2022 - Yale Singapore is proud to announce its partnership with international insurtech, bolttech, to launch a first-of-its-kind insurance coverage for personal home security systems in Singapore, Yale Protect.
Continuing Yale’s commitment to protecting Singaporeans and their homes, Yale Protect provides complimentary and automatic coverage for lock and door damage, and alternative accommodation, in addition to the standard 2-year lock warranty.
Powered by bolttech’s embedded insurance capabilities and underwritten by Liberty Insurance, Yale Protect requires no pre-registration and is exclusive to Yale’s customers of the online and offline retail channel, Yale Smart Shop, in Singapore. An official launch of Yale Protect was held recently at Yale Smart Shop Jurong with attendance of key leaders from both Yale and bolttech to officiate the partnership. In conjunction with the launch, on site interactive activities were also held to reward early Yale Protect and Yale Smart Lock customers at the shop.
Patrick Ng, Director & Head of Direct Channel, Southeast Asia for Yale said, “We are thrilled to be launching this inaugural insurance coverage for our Yale customers in Singapore. Yale Protect's development further attests to Yale’s mission to continue innovating to meet our customers’ needs, emphasising Yale’s focus on trust, approachability and personalisation. By purchasing a Yale Smart Lock at any Yale Smart Shop in Singapore, you will automatically be covered by Yale Protect insurance coverage, adding value for our customers with trusted products and services that offer a consistent and seamless user experience.
“The Yale and bolttech partnership is a great strategic collaboration, with synergies across both brands, with our mission to protect our valued customers. Yale has been securing homes for more than 180 years and bolttech connects customers with more ways to protect the things they value. Together we are committed to offering enhanced protection at home and providing peace of mind for families. Yale Smart Shop Singapore's direct-to-consumer channel is the first market that Yale is partnering with bolttech to launch Yale Protect in. We are also exploring opportunities to extend to other key markets in the Asia Pacific region.”
Yen Yen Koh, General Manager, Singapore, bolttech said, “Yale is revolutionising the market with comprehensive protection for every Smart Lock. We are proud to partner with them to help Singaporeans stay protected at home, and together we are excited to expand Yale Protect to more markets in Asia. This partnership, combined with our recent acquisition of AVA Insurance Brokers, signals our intent to bring more innovative protection and solutions to Singapore by leveraging bolttech’s global expertise and capabilities.”
bolttech's proven track record of technology innovation and deep insurance experience across North America, Asia and Europe made them the right strategic partner to support Yale in broadening its customer reach in the region.
At 180 years strong, Yale is a leading security brand that protects the people, places and things we love most. It secures millions of homes and businesses worldwide with its innovative mechanical locks, safes and smart locks for front doors, interior doors, cabinets, package deliveries and more. Yale is part of the ASSA ABLOY Group, the global leader in access solutions. Every day, we help billions of people experience a more open world. For more information, visit yalehome.com/sg