bolttech acquires i-surance
Insurance exchange bolttech has acquired Berlin-based B2B2C digital insurance platform I-surance .
The acquisition of i-surance extends bolttech’s global footprint from 14 to 26 markets across North America, Asia, and Europe, adding 12 new countries in Europe including Belgium, France, Germany, Liechtenstein, Luxembourg, Monaco, Netherlands, Poland, Portugal, Spain, Switzerland, United Kingdom.
Launched in 2020, bolttech (a team of ~1400) powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. The company’s insurance exchange is the largest in the world transacting $5 billion in premiums on the platform, providing a gateway to more than 5,000 products and 150 insurance providers.
i-surance partners with telecommunications providers, retailers, and manufacturers, to offer protection products. bolttech intends to build out its insurance exchange capabilities in Europe, providing partners and customers with more choice through its B2B2C insurance exchange as it has done in the United States and Asia.
“We are excited to welcome the i-surance team to the bolttech family. We have an aligned vision to connect people with more ways to protect the things they value, and we will build upon bolttech and i-surance’s strong foundations in Europe to accelerate our growth across the region. I look forward to seeing the powerful combination of our people, product and digital capabilities deliver even more value for our business partners and customers.” – Rob Schimek, Group CEO, bolttech.
“I’m thrilled to be welcoming Dr. Jens Schädler and all of the i-surance team to bolttech Europe. Our ambition to become the number one insurtech in Europe takes a significant step forward today. I’m looking forward to combining our respective operations and working with all our valued market-leading partners to deliver a greatly enhanced digital customer experience.” – Andrew Cons, General Manager, Europe.
i-surance founder Dr. Jens Schädler, will remain with the business. “As the market leader in several European countries for mobile device protection and hearing insurance, we’re delighted to be joining such an ambitious and innovative business as bolttech. As part of the bolttech family we are now able to provide our partners with global solutions.” – Dr. Jens Schädler, CEO of i-surance AG.
i-surance and bolttech’s customers and partners will not be impacted by the transfer of ownership and rebranding, and all services and agreements will continue uninterrupted.