Tokio Marine to lead bolttech’s Series B funding round

The investment will raise the insurtech firm's value to $1.5b.

bolttech has announced that Tokio Marine, alongside other shareholders, will lead bolttech’s Series B funding round that will raise the insurtech’s valuation at $1.5b, a year after the firm’s last funding round.

The Singapore-based insurtech said the funds raised at the funding round will be used to boost the business's global growth.

ALSO READ: Singapore’s retirement income system is the best in Asia: report

Since its inception in 2020, bolttech is now operating in 30 markets in Asia and Europe. The platform provides businesses inside and outside the insurance industry with everything they need to offer insurance products to meet their customers’ evolving insurance and protection needs in the digital age.

The company now quotes approximately $50b worth of annualized premiums through its technology-enabled insurance exchange. Globally, bolttech’s insurance exchange connects over 800 distribution partners with more than 200 insurance providers and offers in excess of 6,000 product variations.

Follow the link for more news on

bolttech

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit