# bolttech

> bolttech is a Singapore-based insurtech that runs a technology platform connecting insurers, distributors and customers so that protection can be embedded directly into the point of sale - buying a phone, opening a bank account, booking travel. Launched in 2020 and backed by Richard Li's Pacific Century Group, it links roughly 230 insurers with more than 700 distribution partners across 39 markets, quoting north of US$85 billion in premiums a year. Its device-protection business is the anchor, but the wider stack - a no-code product configurator, an embedded-insurance API, claims and policy tooling - lets a retailer or telco stand up an insurance program without becoming an insurer.

- **Founded:** 2020
- **Headquarters:** Singapore, Singapore
- **Founders:** Rob Schimek (Founder & Group CEO), Richard Li (Chairman / Founding sponsor (Pacific Century Group))
- **Team size:** ~1,400 employees
- **Products:** Distribution Engine, Embedded Insurance API, Device Protection, Servicing & Claims, Insurance Programs
- **Notable:** Reached a US$2.1 billion valuation with its June 2025 Series C., Described as the most globally scaled insurtech, operating across 39 markets on four continents., Grew annualized quoted premiums from roughly US$55B (2023) to US$85B+.

## Products & services

- **Distribution Engine** — A back-end that gives partners instant access to an insurer library of hundreds of product connections, a no-code product configurator, dynamic quoting questionnaires, data insights and a data marketplace.
- **Embedded Insurance API** — Quote, bind and pay functionality that can be dropped into any partner's customer journey - checkout, app or portal.
- **Device Protection** — Affordable mobile and consumer-electronics cover against theft, damage and accident, with 24/7 support, fast repair or replacement and a streamlined claims process. Typically 2-10% of device value.
- **Servicing & Claims** — Claims portal, policy administration and global contact centers that handle the full policy lifecycle for partners.
- **Insurance Programs** — Ready-to-launch cover across mobile devices, home, travel, cyber, mobility, health tech and consumer electronics, plus custom-built programs.

## Achievements

- Reached a US$2.1 billion valuation with its June 2025 Series C.
- Described as the most globally scaled insurtech, operating across 39 markets on four continents.
- Grew annualized quoted premiums from roughly US$55B (2023) to US$85B+.
- Became a unicorn in 2021, within roughly a year of launch.
- Assembled a network of 230+ insurers, 700+ distribution partners and 7,000+ products.
- Raised more than US$690M in total funding from insurers and strategic investors including Tokio Marine, MetLife, Sumitomo and Baillie Gifford.

## Latest updates

- **2025-06** — Closed Series C at US$147M and a US$2.1B valuation, welcoming Sumitomo Corporation and Iberis Capital as strategic investors.
- **2025-06** — Formed a joint venture with Sumitomo Corporation to expand embedded insurance across Asia; signaled expansion toward Africa and North America.
- **2024-12** — Announced first close of the Series C (~US$100M) with Dragon Fund, Baillie Gifford and Generali's Lion River.

## Links

- Website: https://bolttech.io
- LinkedIn: https://www.linkedin.com/company/bolttech
- Facebook: https://facebook.com/bolttechdp.asia

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Profile page: https://yespress.io/bolttech
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Last updated: 2026-08-05