Sherpa receives strategic investment from bolttech

London-based Sherpa has received a strategic investment from bolttech as part of a collaboration to expand the international presence of the digital insurance and protection advisory tool, Sherpa Score.

Sherpa Score is a tool that provides consumers with a score based on the coverages they have. The app presents areas of coverage and gaps and it can offer a personalized action plan. The company, which was founded in 2016, originally targeted consumers but now the product is offered to businesses selling insurance.

The Sherpa Score platform will expand further into Asia and the U.S. leveraging bolttech’s ecosystem.

“Our collaboration with bolttech has already shed light on the enormous opportunity there is to bring our offering to more customers and partners. Combining Sherpa Score’s AI-driven technology with the impressive reach of bolttech’s insurance exchange will enable us to seamlessly integrate customer education and awareness into insurance purchasing journeys, equipping more customers with the insights and information they need to make better insurance decisions.” – Chris Kaye, Sherpa’s Chief Executive Officer.

“We are always looking for new and innovative ways to build or integrate capabilities that deliver more value to our insurance distribution partners and their customers. Our strategic investment in Sherpa will deepen our collaboration to enhance customers’ experience and drive engagement within our tech-enabled insurance exchange. By integrating Sherpa Score’s personalized insights into bolttech’s ecosystem of products and services, customers will better understand their protection needs and have the access and choice of relevant insurance products to meet those needs.” – Rob Schimek, bolttech’s Group CEO.