bolt provides a cloud-based distribution platform that connects insurers, distributors, and customers, enabling businesses to embed tailored insurance products directly into their customer journeys through a single API. This technology addresses the inefficiencies in insurance distribution by streamlining the process and enhancing customer access to a wide range of insurance options from over 100 providers across all 50 states.
Funding
$17M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional insurance distribution methods often involve complex processes and disconnected systems, making it difficult for businesses to seamlessly integrate tailored insurance products into their customer journeys. This can lead to inefficiencies, limited product offerings, and a fragmented customer experience.
Solution
bolt provides a cloud-based platform that connects insurers, distributors, and customers, enabling businesses to embed tailored insurance products directly into their customer journeys through a single API. The platform offers a comprehensive B2B2C solution that streamlines insurance distribution and enhances customer access to a wide range of insurance options. With over 220 microservices, the platform allows businesses to run insurance programs and launch new business models with speed and flexibility.
Target Audience
The primary customers are insurers, distributors, and businesses across various industries (e.g., financial services, telcos, retailers, device OEMs, mobility OEMs, real estate) looking to embed insurance products into their customer journeys.
Features
- Distribution Engine: Comprehensive B2B2C platform for embedded product choice.
- Insurer Library: Access to a wide range of insurance providers.
- Product Configurator: Tools to tailor insurance products to specific customer needs.
- Data Insights: Analytics to optimize insurance offerings and customer experience.
- Dynamic Quoting Questionnaire: Streamlined process for generating insurance quotes.
- Embedded Insurance API: Single API for integrating insurance products into customer journeys.
- Sales Solutions: Tools to optimize conversions and enhance the customer experience across all channels.
- Servicing Capabilities: Management of the entire insurance lifecycle, from post-sales to claims.