Allianz Partners teams up with bolttech to launch embedded insurance in APAC

The two will jointly provided embedded device and appliance insurance.

Allianz Partners and insurtech firm bolttech will be entering a strategic partnership to provide embedded device and appliance insurance across Asia Pacific and the US.

The cooperation between Allianz Partners and bolttech will deliver embedded solutions for business partners such as retailers and e-tailers for electronic products and household devices, telecommunication providers, banks, insurers, and original equipment manufacturers (OEMs).

The collaboration aims to make it easier and more convenient for customers to purchase protection at the point of need for a range of household products, including mobile and digital devices, and household appliances (white and brown goods).

Allianz Partners brings its worldwide presence to the cooperation, which includes a strong market footprint across APAC and the United States. Along with the capacity to support the growth of the business, Allianz Partners possesses underwriting expertise and servicing capabilities in appliance protection and a range of other insurance products including travel, mobility, cyber, home insurance and more.

Meanwhile, bolttech’s technology and servicing capabilities will combine with Allianz Partners ́ strengths to enable the distribution of device protection and other personal insurance products into digital and hybrid customer experiences, fully supported by technology, operational and customer service capabilities.

This is not the first time that two has entered into a partnership. Previously, bolttech and Allianz Partners also has collaborated to provide embedded device protection for customers of a leading electronics brand in Thailand.

“As a global leader in assistance and insurance services, we will leverage our strong market presence and wide range of product offerings to co-create new solutions that protect consumers’ financial investments and deliver peace of mind. bolttech is an insurtech with a proven track-record in technological innovation, and our partnership will allow us to jointly create a seamless and unique setup for growth in the area of mobile device protection. We look forward to working closely together to re-imagine the future of device protection insurance,” Tomas Kunzmann, CEO of Allianz Partners said