Insurtech Giant Bolttech Secures $196 Million in Latest Investment Round
Insurtech giant, Bolttech, has successfully secured $196 million in its latest funding round. The investment was led by a consortium of global investors and brings the total capital raised to $245 million. Bolttech is a new age technology firm that offers insurance products and services across all verticals, including travel, health, and personal protection.
What is Bolttech?
Bolttech is a digital insurance platform that offers seamless, end-to-end solutions to its customers. The company leverages technology to provide personalized insurance services to its clients at a competitive price. Bolttech is a joint venture between Pacific Century Group and Fairbanc, two leading financial services companies.
The Funding Round
The latest funding round was led by a group of marque investors, including Pacific Century Group, Allianz, and Lockton. The capital raised will be used to expand Bolttech’s operations and accelerate its growth plans globally. Bolttech’s innovative and customer-centric approach to insurance has caught the attention of investors across the globe, and this funding round is a testament to the company’s potential.
Bolttech’s Leadership Team
Bolttech’s leadership team is made up of seasoned industry professionals who have extensive experience in insurance and financial services. The company’s CEO, Tommy Wong, has over 20 years of experience in the insurance industry and was formerly CEO of MetLife Hong Kong. Under his leadership, Bolttech has made significant strides in the insurtech space and has disrupted the traditional insurance industry.
What’s next for Bolttech?
Bolttech is well-positioned to leverage its technology and expertise to drive the growth of the nascent insurtech industry. The company has aggressive expansion plans and is looking to enter new markets across Asia, Europe, and North America. With its latest capital infusion, Bolttech is well-equipped to execute on its growth plans and capture market share in the $6 trillion insurance industry.
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Summary: Bolttech, a leading digital insurance platform, has secured $196 million in its latest funding round, taking its total capital raised to $245 million. The investment will be used to fuel the expansion of Bolttech’s operations across Asia, Europe, and North America. The company’s innovative approach to insurance, coupled with its customer-centric focus, has caught the attention of a group of top-tier investors, including Allianz and Lockton. Bolttech is well-positioned to leverage its technology and expertise to disrupt the traditional insurance industry and capture a significant market share in the $6 trillion industry. #BUSINESS