Bolttech provides a technology-enabled platform that allows businesses to embed tailored insurance products directly into their customer journeys through a single API. This solution addresses the challenge of fragmented insurance distribution by streamlining access to coverage, enhancing customer experience, and optimizing operational efficiency for insurers and agencies.
Funding
$655M 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.
DFFounders
Product
Problem
Many businesses struggle to offer insurance products to their customers due to the complexities of insurance distribution, integration with multiple providers, and the need for specialized expertise. This results in missed revenue opportunities and a fragmented customer experience.
Solution
Bolttech provides a comprehensive B2B2C platform that enables businesses to seamlessly embed tailored insurance and protection products into their existing customer journeys. Through a single API, businesses can access a wide range of insurance products, configure offerings with a no-code product configurator, and leverage data insights to optimize conversions. The platform offers solutions for sales, including an embedded insurance API, agency portal, and consumer portal, as well as servicing capabilities such as claims portals, policy administration, and global contact centers. Bolttech also provides custom solutions, including product manufacturing and insurer advisory services, to meet specific business needs.
Target Audience
Bolttech targets businesses across various industries, including financial services, telcos, retailers, device OEMs, and mobility OEMs, as well as insurers and insurance agencies looking to expand their offerings and streamline operations.
Features
- Distribution Engine: Instant access to a library of insurer product connections.
- Product Configurator: A no-code insurance product and pricing configurator to accelerate product launches.
- Data Insights: Advanced analytics to optimize conversions and improve customer experience.
- Dynamic Quoting Questionnaire: Dynamic underwriting interview for tailored product recommendations.
- Embedded Insurance API: Embed a quote, bind, and pay API in any customer journey.
- Agency Portal: An all-in-one agency portal to boost insurance sales and efficiency.
- Servicing and Claims Portal: An intuitive portal to submit service requests or initiate claims.
- Policy Admin: Policy lifecycle services.