Insurtech Unicorn bolttech Invests in Digital Insurance Advisory Sherpa
by Fintech News Singapore March 25, 2022Digital insurance advisory Sherpa announced it has received a strategic investment from bolttech, an international insurtech unicorn. The sum was not disclosed.
This is part of a collaboration to expand the international presence of its digital insurance and protection advisory tool, Sherpa Score.
Sherpa Score is a data-driven advisory platform that provides consumers with a highly customised visualisation of their insurance and protection gaps to inform their decision making.
Businesses selling insurance can integrate the Sherpa Score platform into their own channels to drive increased engagement and understanding for a better experience for their customers.
The Sherpa Score platform will expand further into Asia and the U.S., leveraging bolttech’s ecosystem that powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.
bolttech has a presence in 30 markets across 3 continents namely North America, Asia, and Europe.
Chris Kaye
Chris Kaye, Sherpa’s Chief Executive Officer said,
“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.”
Rob Schimek
Rob Schimek, bolttech’s Group Chief Executive Officer said,
“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 personalised 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.”
