Tokio Marine will lead the financing round for bolttech’s series B, one of the world’s insurtechs (insurance technology) with the highest rate of growth, the company stated today.

One year after closing the largest series A funding round for an insurtech, bolttech, Singapore’s sole unicorn in the insurance technology space, is valued at roughly $1.5 billion thanks to the investment.

A pioneering insurance distribution infrastructure is used by bolttech, one of the world’s pioneers in embedded insurance, to link insurers with distributors and their clients. Bolttech’s omnichannel, multi-product platform gives businesses inside and outside the insurance industry everything they need to offer insurance that meets the evolving needs of their clients in terms of insurance, with licences to operate in more than 30 markets in Asia, the US, and Europe, as well as in all 50 states in the United States. protection in the modern world. This link enables bolttech partners to expedite digital transformation, strengthen customer interactions, and reinvent business models and new revenue streams.

Bolttech was founded in 2020, and since then company has had significant growth. Due to its world-leading insurance distribution infrastructure, the company now transacts premiums totaling about $50 billion yearly. The platform provides more than 6,000 product variations and links more than 800 distribution partners with more than 200 insurance providers globally.

Source: Prnewswire