bolt, a U.S.-based insurtech exchange, recently announced it has reached an all-time high of more than $4 billion in active insurance premiums on its platform. The company noted that the premiums get by more than a third since May 2020. Founded in 2000, bolt enables property and casualty insurance carriers to offer products and services through direct distribution channels.
“The BOLT Platform is a Software as a Service (SaaS) offering designed to connect carriers and their agents directly to consumers and deliver the ideal and optimized experience customers expect today.”
bolt further noted that its platform is compatible with an insurer’s existing infrastructure, providing a single interface and a “seamless” process from consumers to back-office systems, along with a data set for reporting, analytics, and market and consumer intelligence. bolt further revealed it has more than 130 insurance carriers and 36,000 insurance agencies who produce over 20 million quotes per year.
Speaking about the latest milestone, Eric Gewirtzman, CEO of bolt, added:
“The success of our customers and partners is why it’s so exciting to see us go from $3 billion in May to $4 billion in premium on our platform in such a short time. We will continue to work closely with our partners with a focus on speed and innovation to stay one step ahead of customers’ needs.”