After raising $180 million and achieving unicorn status, insurtech bolttech announces the acquisition of B2B2C digital insurance platform I-surance. The deal allows bolttech to expand its presence from 14 to 26 markets in North America, Asia and Europe, adding 12 new countries in Europe including Belgium, France, Germany, Liechtenstein, Luxembourg, Monaco, Netherlands, Poland, Portugal, Spain, Switzerland, UK. “We are excited to welcome the i-surance team to the bolttech family. We will leverage the strong foundation of bolttech and i-surance in Europe to accelerate our growth across the region,” said Rob Schimek, CEO of bolttech.
What bolttech does
Founded in 2020, bolttech is the digital brokerage and device protection arm of Pacific Century Group. It also enables non-insurance companies to offer policies to customers and individuals. In Europe, bolttech has partnered with leading telecommunications companies in Italy and Austria.