International insurtech bolttech recently announced its expansion into the Middle East with the launch of its partnership with stc Group, the telecommunications company acting as the engine of digital transformation in the region.
bolttech’s collaboration with stc Group will “provide stc’s customers with innovative, embedded device protection offerings through a technology-enabled experience.”
Aligning with stc Group’s ‘DARE 2.0’ strategy to “become a digital leader, bolttech and stc will also explore expanding the partnership to embed IoT-enabled solutions beyond mobile devices into other aspects of a customer’s digital lifestyle, including protection for home appliances, health electronics, and cyber assets.”
Rob Schimek, Group Chief Executive Officer, bolttech said:
“stc Group is an ambitious digital leader, always striving to offer innovative solutions to their customers. Their aspirations align perfectly with ours, and together with their well-established presence in the Middle East, they are an ideal partner for our launch into the region. We are excited to work together with stc Group to help their customers safeguard their valued devices to ensure an uninterrupted digital lifestyle.”
As noted in the update stc Group says that it is “an engine of digital transformation, offering advanced solutions and driving a role in the digitisation process.”
The group provides a comprehensive suite of services “encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises over 13 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe.”
As covered, 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 35+ markets.
With a full suite of digital and data-driven capabilities, bolttech says that it “powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.”