International insurtech bolttech announced its partnership with one of Taiwan’s telecommunications providers, Taiwan Mobile, in order “to offer a range of personal insurance options for customers on the Taiwan Mobile app.”
Powered by bolttech’s insurance exchange platform, “the first phase of the partnership will see the launch of 13 different travel insurance products underwritten by Fubon Insurance providing coverage from NT$3 million up to NT$12 million, to cater to the varied needs of customers.”
Taiwan Mobile customers can “get insured in under three minutes when they log in and purchase insurance products through their Taiwan Mobile account.”
Chris Plumley, CEO North Asia, bolttech, said:
“We are proud to collaborate with Taiwan Mobile, a leading company in the telecommunications, smart living, and financial services sectors in the Taiwanese market. Together, we will connect Taiwan Mobile’s user base of 7 million customers to a range of innovative and valued insurance products that we’ve integrated into our insurance trading platform, allowing customers to purchase coverage in a more convenient and intuitive manner. This initial launch will focus on travel insurance, enabling Taiwan Mobile customers to find an easier and better way to protect what matters most while roaming.”
Vincent Wu, Vice President, Telecom Financial Service of Taiwan Mobile, said:
“Taiwan Mobile possesses inherent advantages in the telecommunications industry, including KYC (know your customer), big data, and a database of 7 million users. With the goal of creating a comprehensive telecom financial product ecosystem, Taiwan Mobile has collaborated with International insurtech bolttech Digital Insurance Brokers to establish this online insurance platform. Users can conveniently select suitable insurance products anytime and anywhere based on their insurance needs. Taiwan Mobile will also continue to expand the insurance product offerings to provide users with more convenient insurance choices.”
bolttech and Taiwan Mobile plan “to expand their partnership and product offering, including auto, personal injury and cyber insurance.”
As noted in the update, bolttech is “an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance.”
bolttech serves customers “in more than 30 markets across North America, Asia and Europe.”
With a full suite of digital and data-driven capabilities, bolttech says it “powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.”
