Indonesian insurance broker PT Axle Asia has officially changed its name to PT Bolttech Insurance Broker, adopting the bolttech brand. The rebranding will not affect its current services or agreements with partners and customers.

This change follows bolttech’s acquisition of a majority stake in the company in late 2022.

The rebranding received approval from Indonesia’s Financial Services Authority, Otoritas Jasa Keuangan (OJK).

Founded in 2020, bolttech has expanded to over 35 markets and four continents, serving various sectors such as travel, device protection, and financial services.

Srinath Narasimhan, President Director, PT Bolttech Insurance Broker, said,

“We have an exciting opportunity ahead of us to leverage bolttech’s international insurtech capabilities to connect more people with ways to protect the things they value while enabling the insurance industry in Indonesia to thrive.

 

We look forward to a fruitful journey ahead working alongside our valued partners to serve the needs of more customers together”.

Featured image credit: Edited from Freepik