Draft:Bolttech: Difference between revisions
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{{AFC submission|d|adv|u=KateGeraghty|ns=118|decliner=TheChunky|declinets=20230114020134|small=yes|ts=20230113091512}} <!-- Do not remove this line! --> |
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{{AFC comment|1=Most of the references are about routine coverage of the corporation, no in-depth coverage of the company is shown. [[User:SunDawn|<span style="background-color:black; color:orange;">✠ SunDawn ✠</span>]] [[User talk:SunDawn|<span style="color:blue;"><span style="font-size:85%;">(contact)</span></span>]] 01:35, 4 November 2023 (UTC)}} |
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{{Draft topics|business-and-economics}} |
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{{AfC submission|||ts=20230808090959|u=KateGeraghty|ns=118}} |
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| homepage = {{URL|https://bolttech.io/}} |
| homepage = {{URL|https://bolttech.io/}} |
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'''Bolttech''' is a Singapore-headquartered [[financial technology]] company, active in 30 markets across Asia, Europe and North America. It operates a technology-enabled [[insurance]] exchange,<ref>{{cite news |last1=Kenyon|first1=Tilly| url=https://insurtechdigital.com/insurtech/brv-becomes-bolttechs-new-strategic-investor| title= BRV becomes bolttech's new strategic investor| work=InsurTech | date=December 7, 2021}}</ref> with $50 billion in quoted [[Insurance|premiums]] annually.<ref>{{cite news |last1=Tan|first1=Felicia| url=https://www.theedgesingapore.com/news/startups-entrepreneurs-digital-economy/singapore-based-insurtech-company-secures-series-b| title=Singapore-based insurtech company secures Series B investment led by Tokio Marine | date=October 17, 2022}}</ref> |
'''Bolttech''' is a Singapore-headquartered [[financial technology]] company, active in 30 markets across Asia, Europe and North America. It operates a technology-enabled [[insurance]] exchange,<ref>{{cite news |last1=Kenyon|first1=Tilly| url=https://insurtechdigital.com/insurtech/brv-becomes-bolttechs-new-strategic-investor| title= BRV becomes bolttech's new strategic investor| work=InsurTech | date=December 7, 2021}}</ref> with $50 billion in quoted [[Insurance|premiums]] annually.<ref>{{cite news |last1=Tan|first1=Felicia| url=https://www.theedgesingapore.com/news/startups-entrepreneurs-digital-economy/singapore-based-insurtech-company-secures-series-b| title=Singapore-based insurtech company secures Series B investment led by Tokio Marine | date=October 17, 2022}}</ref> |
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==Company history== |
==Company history== |
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bolttech was launched in 2020,<ref>{{cite news| url=https://www.insurancejournal.com/news/international/2021/07/23/624056.htm| work=Insurance Journal| title=Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe| date=July 23, 2021}}</ref> |
bolttech was launched in 2020,<ref>{{cite news| url=https://www.insurancejournal.com/news/international/2021/07/23/624056.htm| work=Insurance Journal| title=Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe| date=July 23, 2021}}</ref> |
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Rob Schimek, was appointed as the Group CEO.<ref>{{cite news |last1=Lucas|first1=Paul| url=https://www.insurancebusinessmag.com/asia/news/technology/digital-insurer-bolttech-names-ceo-219173.aspx | title= Digital insurer bolttech names CEO| work=Insurance Business Asia| date=April 8, 2020}}</ref> |
Rob Schimek, was appointed as the Group CEO.<ref>{{cite news |last1=Lucas|first1=Paul| url=https://www.insurancebusinessmag.com/asia/news/technology/digital-insurer-bolttech-names-ceo-219173.aspx | title= Digital insurer bolttech names CEO| work=Insurance Business Asia| date=April 8, 2020}}</ref> |
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In July 2021, bolttech closed a [[series A round]], initially raising US$180 million.<ref>{{cite news |last1=Scott|first1=Alwyn| url=https://www.reuters.com/business/major-us-insurers-jump-distribution-platforms-gain-customers-sales-2021-09-07/| title= Major U.S. insurers jump on distribution platforms to gain customers, sales| work=Reuters| date=September 7, 2021}}</ref> |
In July 2021, bolttech closed a [[series A round]], initially raising US$180 million.<ref>{{cite news |last1=Scott|first1=Alwyn| url=https://www.reuters.com/business/major-us-insurers-jump-distribution-platforms-gain-customers-sales-2021-09-07/| title= Major U.S. insurers jump on distribution platforms to gain customers, sales| work=Reuters| date=September 7, 2021}}</ref> |
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Total funding was later raised to US$247 million.<ref>{{cite news |last1=Chan|first1=Vinicy| url=https://www.insurancejournal.com/news/international/2022/01/28/651291.htm# | title=Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds| work=Insurance Journal| date=January 28, 2022}}</ref> Following the Series A funding round, bolttech achieved [[Unicorn (finance)]] status.<ref name = "Forbes" >{{cite news |last1=Agarwal|first1=Harish| url=https://www.forbes.com/sites/sap/2021/11/15/how-asias-latest-insurtech-unicorn-is-transforming-the-insurance-industry-by-improving-customer-experience/?sh=7f861b223b4a| title= How Asia's Latest Insurtech Unicorn Is Transforming The Insurance Industry| work=Forbes| date=November 15, 2021}}</ref> |
Total funding was later raised to US$247 million.<ref>{{cite news |last1=Chan|first1=Vinicy| url=https://www.insurancejournal.com/news/international/2022/01/28/651291.htm# | title=Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds| work=Insurance Journal| date=January 28, 2022}}</ref> Following the Series A funding round, bolttech achieved [[Unicorn (finance)]] status.<ref name = "Forbes" >{{cite news |last1=Agarwal|first1=Harish| url=https://www.forbes.com/sites/sap/2021/11/15/how-asias-latest-insurtech-unicorn-is-transforming-the-insurance-industry-by-improving-customer-experience/?sh=7f861b223b4a| title= How Asia's Latest Insurtech Unicorn Is Transforming The Insurance Industry| work=Forbes| date=November 15, 2021}}</ref> |
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Also in July, bolttech acquired Zurich-based [[Fintech|Insurtech]] B2BB2C platform i-surance,<ref>{{cite news| url=https://www.startupticker.ch/en/news/insurtech-unicorn-bolttech-acquires-i-suance#:~:text=Zurich%20based%20i%2Dsurance%2C%20a,of%20its%20European%20build%2Dout. | title= Insurtech unicorn bolttech acquires i-surance | work=Start Up Ticker.ch| date=August 10, 2021}}</ref> expanding its footprint into European markets.<ref>{{cite news |last1=Olano|first1=Gabriel| url=https://www.insurancebusinessmag.com/asia/news/technology/insurtech-unicorn-bolttech-acquires-european-firm-isurance-292153.aspx| title=Insurtech unicorn bolttech acquires European firm i-surance| work=Insurance Business Asia| date=July 23, 2021}}</ref> |
Also in July, bolttech acquired Zurich-based [[Fintech|Insurtech]] B2BB2C platform i-surance,<ref>{{cite news| url=https://www.startupticker.ch/en/news/insurtech-unicorn-bolttech-acquires-i-suance#:~:text=Zurich%20based%20i%2Dsurance%2C%20a,of%20its%20European%20build%2Dout. | title= Insurtech unicorn bolttech acquires i-surance | work=Start Up Ticker.ch| date=August 10, 2021}}</ref> expanding its footprint into European markets.<ref>{{cite news |last1=Olano|first1=Gabriel| url=https://www.insurancebusinessmag.com/asia/news/technology/insurtech-unicorn-bolttech-acquires-european-firm-isurance-292153.aspx| title=Insurtech unicorn bolttech acquires European firm i-surance| work=Insurance Business Asia| date=July 23, 2021}}</ref> |
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In October 2022, bolttech secured [[Venture round|Series B]] investment. Japanese insurance company [[Tokio Marine]] invested $50 million into bolttech.<ref name="Deal Street">{{cite news |last1=Balakrishner |first1=Amala| url=https://www.dealstreetasia.com/stories/bolttech-raises-series-b-312138 |title= Singapore insurtech unicorn bolttech raises series B funding led by Tokio Marine| work=Deal Street Asia | date=October 17, 2022}}</ref> |
In October 2022, bolttech secured [[Venture round|Series B]] investment. Japanese insurance company [[Tokio Marine]] invested $50 million into bolttech.<ref name="Deal Street">{{cite news |last1=Balakrishner |first1=Amala| url=https://www.dealstreetasia.com/stories/bolttech-raises-series-b-312138 |title= Singapore insurtech unicorn bolttech raises series B funding led by Tokio Marine| work=Deal Street Asia | date=October 17, 2022}}</ref> |
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==Business structure== |
==Business structure== |
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bolttech provides a [[cloud computing]]-powered insurance exchange which connects insurers, distributors and customers to trade insurance products.<ref name="Kr">{{cite news |last1=Li|first1=Stephanie Pearl| url=https://kr-asia.com/bolttech-provides-a-digital-insurance-marketplace-for-insurers-distributors-and-customers| title=Bolttech provides a digital insurance marketplace for insurers, distributors, and customers| work=KrASIA| date=October 27, 2021}}</ref> |
bolttech provides a [[cloud computing]]-powered insurance exchange which connects insurers, distributors and customers to trade insurance products.<ref name="Kr">{{cite news |last1=Li|first1=Stephanie Pearl| url=https://kr-asia.com/bolttech-provides-a-digital-insurance-marketplace-for-insurers-distributors-and-customers| title=Bolttech provides a digital insurance marketplace for insurers, distributors, and customers| work=KrASIA| date=October 27, 2021}}</ref> |
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The exchange platform allows insurance companies to offer products within and beyond their specialisation by partnering with others on the platform. |
The exchange platform allows insurance companies to offer products within and beyond their specialisation by partnering with others on the platform.<ref>{{cite news |last1=Scott|first1=Alwyn| url=https://www.reuters.com/business/major-us-insurers-jump-distribution-platforms-gain-customers-sales-2021-09-07/| title= Major U.S. insurers jump on distribution platforms to gain customers, sales| work=Reuters| date=September 7, 2021}}</ref> Non-insurance companies are also able to provide coverage for their customers in the same way.<ref name="Kr" /> The company also provides 5.6 million active device protection policies across Asia and Europe.<ref>{{cite web|title=Device Protection|work=bolttech|date=15 May 2021 |url= https://bolttech.io/device-protection}}</ref> |
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==Acquisitions== |
==Acquisitions== |
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'''2021''' |
'''2021''' |
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bolttech acquired i-surance, a B2BB2C digital insurance platform.<ref>{{cite news|url=https://www.finews.com/news/english-news/47198-insurtech-bolttech-eyes-growth-in-europe-findes-com| title=Bolttech Expands Global Footprint | work=Finews | date=July 26, 2021}}</ref> |
bolttech acquired i-surance, a B2BB2C digital insurance platform.<ref>{{cite news|url=https://www.finews.com/news/english-news/47198-insurtech-bolttech-eyes-growth-in-europe-findes-com| title=Bolttech Expands Global Footprint | work=Finews | date=July 26, 2021}}</ref> |
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'''2022''' |
'''2022''' |
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bolttech acquired Singapore-based AVA Insurance Brokers and AVA Insurance Agency.<ref>{{cite news |last1=Bhushan|first1=Kul| url=https://www.techinasia.com/bolttech-acquires-sg-insurance-firm-ava| title=Bolttech buys SG insurance firm Ava| work=Tech In Asia | date=February 16, 2022 }}</ref> |
bolttech acquired Singapore-based AVA Insurance Brokers and AVA Insurance Agency.<ref>{{cite news |last1=Bhushan|first1=Kul| url=https://www.techinasia.com/bolttech-acquires-sg-insurance-firm-ava| title=Bolttech buys SG insurance firm Ava| work=Tech In Asia | date=February 16, 2022 }}</ref> |
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bolttech acquired majority shareholding in Indonesia-based Axle Asia. |
bolttech acquired majority shareholding in Indonesia-based Axle Asia.<ref>{{cite news |last1=Olano|first1=Gabriel| url= https://www.insurancebusinessmag.com/asia/news/breaking-news/bolttech-acquires-majority-of-indonesian-broker-axle-asia-423152.aspx | title= bolttech acquires majority of Indonesian broker Axle Asia | work=Insurance Business Asia | date=October 7, 2022 }}</ref> |
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==References== |
==References== |
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Revision as of 01:35, 4 November 2023
Submission declined on 4 November 2023 by SunDawn (talk).
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This draft has not been edited in over six months and qualifies to be deleted per CSD G13. Declined by SunDawn 6 months ago. Last edited by SunDawn 6 months ago. Reviewer: Inform author.
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| Submission declined on 14 January 2023 by TheChunky (talk). This submission appears to read more like an advertisement than an entry in an encyclopedia. Encyclopedia articles need to be written from a neutral point of view, and should refer to a range of independent, reliable, published sources, not just to materials produced by the creator of the subject being discussed. This is important so that the article can meet Wikipedia's verifiability policy and the notability of the subject can be established. If you still feel that this subject is worthy of inclusion in Wikipedia, please rewrite your submission to comply with these policies. Declined by TheChunky 16 months ago. | |
Comment: Most of the references are about routine coverage of the corporation, no in-depth coverage of the company is shown. ✠ SunDawn ✠ (contact) 01:35, 4 November 2023 (UTC)
 | A major contributor to this article appears to have a close connection with its subject. |
| Company type | Private Limited Company |
|---|---|
| Industry | Financial Technology |
| Founded | 2020 |
| Headquarters | Singapore |
Key people | Rob Schimek, CEO |
Number of employees | 1500 [1]. |
| Website | bolttech |
Bolttech is a Singapore-headquartered financial technology company, active in 30 markets across Asia, Europe and North America. It operates a technology-enabled insurance exchange,[2] with $50 billion in quoted premiums annually.[3]
Company history
bolttech was launched in 2020,[4] Rob Schimek, was appointed as the Group CEO.[5] In July 2021, bolttech closed a series A round, initially raising US$180 million.[6] Total funding was later raised to US$247 million.[7] Following the Series A funding round, bolttech achieved Unicorn (finance) status.[8]
Also in July, bolttech acquired Zurich-based Insurtech B2BB2C platform i-surance,[9] expanding its footprint into European markets.[10] In October 2022, bolttech secured Series B investment. Japanese insurance company Tokio Marine invested $50 million into bolttech.[11]
Business structure
bolttech provides a cloud computing-powered insurance exchange which connects insurers, distributors and customers to trade insurance products.[12] The exchange platform allows insurance companies to offer products within and beyond their specialisation by partnering with others on the platform.[13] Non-insurance companies are also able to provide coverage for their customers in the same way.[12] The company also provides 5.6 million active device protection policies across Asia and Europe.[14]
Acquisitions
2021
bolttech acquired i-surance, a B2BB2C digital insurance platform.[15]
2022
bolttech acquired Singapore-based AVA Insurance Brokers and AVA Insurance Agency.[16]
bolttech acquired majority shareholding in Indonesia-based Axle Asia.[17]
References
- ^ "Group CEO Rob Schimek achieves success for Singapore's homegrown insurtech unicorn". Singapore Business Review. November 23, 2022.
- ^ Kenyon, Tilly (December 7, 2021). "BRV becomes bolttech's new strategic investor". InsurTech.
- ^ Tan, Felicia (October 17, 2022). "Singapore-based insurtech company secures Series B investment led by Tokio Marine".
- ^ "Insurtech bolttech Acquires i-surance to Help Accelerate Expansion Across Europe". Insurance Journal. July 23, 2021.
- ^ Lucas, Paul (April 8, 2020). "Digital insurer bolttech names CEO". Insurance Business Asia.
- ^ Scott, Alwyn (September 7, 2021). "Major U.S. insurers jump on distribution platforms to gain customers, sales". Reuters.
- ^ Chan, Vinicy (January 28, 2022). "Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds". Insurance Journal.
- ^ Agarwal, Harish (November 15, 2021). "How Asia's Latest Insurtech Unicorn Is Transforming The Insurance Industry". Forbes.
- ^ "Insurtech unicorn bolttech acquires i-surance". Start Up Ticker.ch. August 10, 2021.
- ^ Olano, Gabriel (July 23, 2021). "Insurtech unicorn bolttech acquires European firm i-surance". Insurance Business Asia.
- ^ Balakrishner, Amala (October 17, 2022). "Singapore insurtech unicorn bolttech raises series B funding led by Tokio Marine". Deal Street Asia.
- ^ a b Li, Stephanie Pearl (October 27, 2021). "Bolttech provides a digital insurance marketplace for insurers, distributors, and customers". KrASIA.
- ^ Scott, Alwyn (September 7, 2021). "Major U.S. insurers jump on distribution platforms to gain customers, sales". Reuters.
- ^ "Device Protection". bolttech. 15 May 2021.
- ^ "Bolttech Expands Global Footprint". Finews. July 26, 2021.
- ^ Bhushan, Kul (February 16, 2022). "Bolttech buys SG insurance firm Ava". Tech In Asia.
- ^ Olano, Gabriel (October 7, 2022). "bolttech acquires majority of Indonesian broker Axle Asia". Insurance Business Asia.
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- secondary
- strictly independent of the subject
Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.