{"id":50817,"date":"2022-10-17T09:54:00","date_gmt":"2022-10-17T14:54:00","guid":{"rendered":"https:\/\/bolttech.io\/news\/singapore-based-insurtech-bolttech-secures-series-b-investment-to-continue-the-co\/"},"modified":"2022-10-17T09:54:00","modified_gmt":"2022-10-17T14:54:00","slug":"singapore-based-insurtech-bolttech-secures-series-b-investment-to-continue-the-co","status":"publish","type":"post","link":"https:\/\/bolttech.io\/pt-pt\/news\/singapore-based-insurtech-bolttech-secures-series-b-investment-to-continue-the-co\/","title":{"rendered":"Singapore-based insurtech bolttech secures Series B investment to continue the company\u2019s rapid global growth"},"content":{"rendered":"\n

Tokio Marine, alongside other shareholders, will lead bolttech\u2019s Series B funding round that follows its largest ever Series A raised by an insurtech<\/em><\/p>\n\n\n\n

Singapore, 17 October 2022<\/strong> \u2013 bolttech, one of the world\u2019s fastest growing international insurtech companies, today announced Tokio Marine, alongside other shareholders, will lead bolttech\u2019s Series B funding round. The investment values bolttech, Singapore\u2019s only homegrown insurtech unicorn, at an up-round valuation of approximately US$1.5 billion, one year after it closed the largest ever Series A funding round for an insurtech.<\/p>\n\n\n\n

bolttech, one of the world\u2019s leading embedded insurance providers, is a global B2B2C insurtech that leverages its pioneering insurance exchange to connect insurers with distributors and their customers. With licenses to operate in more than 30 markets throughout Asia and Europe and all 50 U.S. states, bolttech\u2019s platform provides businesses inside and outside the insurance industry everything they need to offer insurance products to meet their customers\u2019 evolving insurance and protection needs in the digital age. This connectivity enables bolttech\u2019s partners to re-imagine their business models and find new revenue streams, accelerate digital transformation, and deepen customer relationships.<\/p>\n\n\n\n

bolttech has achieved rapid growth since its inception in 2020. The company now quotes approximately US$50 billion worth of annualized premiums through its technology-enabled insurance exchange, the largest in the world. Globally, bolttech\u2019s insurance exchange connects over 800 distribution partners with more than 200 insurance providers and offers in excess of 6,000 product variations.<\/p>\n\n\n\n

Tokio Marine\u2019s partnership as a strategic investor will complement bolttech\u2019s capabilities and reach, enhancing bolttech\u2019s distribution strength, product innovation, and balance-sheet capacity. The proceeds of the Series B will be used primarily to fuel the business\u2019 continued global growth.<\/p>\n\n\n\n

Rob Schimek, bolttech\u2019s Group Chief Executive Officer<\/strong>, said, \u201cSecuring a lead investor of Tokio Marine\u2019s high caliber and esteem is strong validation of international investors\u2019 belief in the resilience of bolttech\u2019s business model, our long-term value proposition, and our role in shaping the future of insurance distribution. Tokio Marine will be a pivotal strategic partner as we continue to accelerate our growth strategy and global expansion.\u201d<\/p>\n\n\n\n

Masashi Namatame, Managing Executive Officer, Group Chief Digital Officer<\/strong>, said, \u201cTokio Marine is excited to have the opportunity to lead bolttech\u2019s Series B round, and join bolttech on its incredible growth trajectory as their strategic partner. The scale and breadth of bolttech\u2019s platform, coupled with its industry-leading tech and digital capabilities, and extensive insurance experience, uniquely positions the company as a clear leader within the insurtech space. We look forward to working with bolttech to take advantage of the commercial opportunities our new strategic partnership will offer.\u201d<\/p>\n\n\n\n

-End-<\/p>\n\n\n\n

About Tokio Marine<\/strong><\/p>\n\n\n\n

Tokio Marine was founded in 1879 as Japan’s first insurance company.<\/p>\n\n\n\n

Since its founding, Tokio Marine has grown sustainably by identifying social issues of each era while contributing to their solutions with the purpose of “protecting our customers and local communities in times of need.”<\/p>\n\n\n\n

Currently, Tokio Marine has established digital laboratories in seven locations around the world to provide customers with “peace of mind.” By utilizing digital technology, Tokio Marine is able to provide accident prevention, early recovery, and emergency insurance payments, as we continue to develop new products and services.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tokio Marine, alongside other shareholders, will lead bolttech\u2019s Series B funding round that follows its largest ever Series A raised by an insurtech Singapore, 17 October 2022 \u2013 bolttech, one of the world\u2019s fastest growing international insurtech companies, today announced Tokio Marine, alongside other shareholders, will lead bolttech\u2019s Series B funding round. The investment values bolttech, […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[205],"class_list":["post-50817","post","type-post","status-publish","format-standard","hentry","category-sem-categoria"],"acf":[],"_links":{"self":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts\/50817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/comments?post=50817"}],"version-history":[{"count":0,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/posts\/50817\/revisions"}],"wp:attachment":[{"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/media?parent=50817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bolttech.io\/pt-pt\/wp-json\/wp\/v2\/categories?post=50817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}