Insurtech recognised for embedding protection into everyday experiences, cutting claims times to seconds, and connecting millions of customers across four continents.
bolttech has been named Best Insurtech Provider by the Asia Consumer Insurance Awards 2025, recognised for building what it calls the world’s largest technology-enabled insurance exchange and for its success in embedding protection products seamlessly into customer journeys worldwide.
Headquartered in Asia but operating across four continents, bolttech positions itself at the center of a global protection gap estimated at US$1.8 trillion. Its business model connects more than 700 distribution partners with and over 250 insurers, enabling businesses in industries from telecommunications and mobility to retail and financial services to offer tailored protection at the point of need. The exchange quotes more than US$70 billion in premiums annually across its regions, with products spanning devices, travel, auto and home.
bolttech’s 2024 performance reflects both growth and innovation. With a consistent 40%+ year-on-year growth over the past few years, across 39 markets. Its platform connects 250+ insurers to 700+ distributors and supports more than 6,500 products, while processing about 3,000 quotes every hour. Partnerships expanded with companies including Samsung, Singtel, FWD, BackMarket, Tune Protect, Thailand Post and MoneyHero, embedding bolttech’s solutions into a growing range of industries.
What makes bolttech distinctive is its cloud-based, modular technology. Through a single API, partners can integrate insurance solutions directly into their platforms, providing instant quoting, binding, and servicing. Its so-called “Lego block” approach allows partners to choose from more than 220 microservices, including payment gateways, CRM tools, broker services and front-end design. This flexibility enables tailored solutions for businesses of any size, creating highly customized purchasing experiences and embedding protection into daily transactions — from checkout pages to mobile apps.
Over the past 12 months, bolttech has rolled out several notable innovations.
Its AI-powered claims automation system has reduced claim review times from minutes to just five seconds, processing more than 140,000 claims globally and improving both scalability and customer experience. Click2Protect, its proprietary cracked-screen detection model, uses eight AI engines to assess device condition in real time, enabling coverage for used devices and expanding access to affordable protection. The company has also deployed an AI agent that monitors global regulatory updates and changes, keeping partners ahead of shifting regulations.
By combining scale with technological agility, bolttech has positioned itself as a key enabler of embedded insurance and a standard-setter in insurtech innovation, meriting it the Best Insurtech Provider award.
