bolttech has been rated 5-Stars as an Insurance Innovator

SINGAPORE - Nov. 23, 2021 - PRLog -- bolttech has been included in this year's 5-Star Insurance Innovators awards released by Insurance Business Asia. The list recognises the organisations that are bringing a wave of fresh ideas to the insurance industry, whether by introducing new technology or rolling out a groundbreaking product or distribution channel strategy.

"In a year of unprecedented change around the world, the insurance industry has been hard at work developing a slew of new innovations. From insurance products focused on airline bookings to AI-based underwriting capabilities and the use of drones to assess property damage, compa­nies across the industry have risen to the challenge of finding new ways to do business," says the Insurance Business Asia team.

"Starting in July, IB Asia invited insurers, brokerages, and service providers across the region to submit a nomination, detailing the steps they've taken to introduce new innovations to the insurance industry. Companies were encouraged to focus on initiatives introduced and results achieved in 2020. The 24 companies that made Insurance Business Asia's inaugural 5-Star Insurance Innovators list have all acknowledged the difficulties facing the insurance industry and created new ways to overcome them, often building their business as a result."

A high-growth international insurtech, bolttech is on a mission to become the world's leading technology-enabled ecosystem connecting insurers, distribution partners and customers. The bolttech brand and global group was launched in April 2020 and has now achieved unicorn status, with a reach extending to 26 markets across North America, Europe and Asia.

At the heart of the ecosystem is bolttech's insurance exchange, the world's largest plat­form of its kind, which boasts more than 150 insurers offering over 5,000 products and transacting US$5bn in premiums.

Powered by bolttech's proprietary technology, the flexible, cloud-based platform enables bolttech's partners in Asia to offer a range of contextually relevant insurance and protection products within their existing customer journeys, unlocking additional value for partners while creating the seamless purchase experience customers want.

To view the full report and to find out more about bolttech, click HERE (https://www.insurancebusinessmag.com/asia/best-insurance/...).

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Insurance Business is the leading independent business magazine and website for insurance brokers and advice professionals. A key business resource, Insurance Business provides daily breaking news, cutting-edge opinion and in-depth analysis affecting the industry. Insurance Business also offers a series of industry reports that recognize the achievements of key individuals and businesses as well as providing the latest in business best practice in a continually evolving industry. Part of the global Insurance Business suite of publications, IB reaches a wide readership in Australia, New Zealand, Asia, USA, Canada and UK.