bolttech and Bold Penguin have partnered to develop a joint commercial and personal insurance offering across the US, Europe and Asia.
The offering will serve agents, insurers and embedded insurance partners by combining the companies’ distribution platforms and capabilities.
Bold Penguin focuses exclusively on commercial insurance through its digital exchange, integrated commercial insurer network and DeX ai data and AI services.
bolttech operates in 39 countries across four continents. It provides access to commercial and personal insurance and protection services, alongside AI-enabled workflows and global distribution expertise.
The companies also intend to accelerate development of their platforms while each focuses on its core capabilities.
Rob Schimek, Group Chief Executive Officer, bolttech said,
“Bold Penguin is the leading commercial insurance distribution platform. Their submission automation, AI-powered underwriting workflows and commercial orchestration platform complement our technology capabilities, personal lines expertise, and insurance ecosystem globally.
Together, we can deliver a more seamless, connected insurance experience for distribution partners and customers around the world.”
Peter B Settel, President and CEO, Bold Penguin said,
“The work Rob and team have done leading in embedded distribution and building the most globally scaled insurtech make them the perfect partner for us to join with and offer our shared customers truly unique options and solutions.
While we expand globally, we will also now offer Bold Penguin’s US customers bolt’s personal lines solutions through a single interface.”
Featured image: Edited by Fintech News Singapore, based on image by bolttech
