Digital Insurance Advisory Sherpa Secures Investment from Insurtech Unicorn bolttech

InsurtechSherpa recently announced that it has received a “strategic” investment from bolttech, the international insurtech unicorn, “as part of a collaboration to expand the international presence of the digital insurance and protection advisory tool, Sherpa Score.”

Sherpa Score is “a data-driven advisory platform that provides consumers with a highly customized visualization of their insurance and protection gaps to inform their decision making.”

Users access “unbiased” and “trustworthy” advice in “a seamless, instant manner around the clock.”

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.”

Chris Kaye, Sherpa’s CEO, 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.”

The Sherpa Score platform will expand further into Asia and the U.S., “leveraging the breadth and depth of 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.”

Rob Schimek, bolttech’s Group CEO, remarked:

“We are always looking for new and innovative ways to build or integrate capabilities that deliver more value to our insurance distribution partners and their customers. 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 personalized 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.”

bolttech has a proven track-record of technology innovation “complemented with deep insurance experience. It is present in 30 markets across 3 continents – North America, Asia, and Europe.”

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