bolttech, the international insurtech, announced that it has acquired Digital Care, an embedded protection company based out of Poland.
The acquisition is considered to be a major step towards “achieving the Group’s strategic goals in the EMEA region and globally, while accelerating growth, particularly within the telecommunications industry.”
Digital Care has a reputation “for innovation and customer service, and their products and partner ecosystem are a perfect complement to bolttech’s.”
The deal will provide bolttech “with an increased global footprint, expanded product offerings, and enhanced operational scale and distribution partner network in the embedded protection space.” By bringing on board Digital Care, bolttech will enter four new markets in EMEA.”
Together, bolttech and Digital Care will reinforce an embedded protection position globally, building out new servicing, digital and sustainability capabilities. The companies’ combined strengths will aim to “create significant value and new opportunities for customers, partners, employees, and shareholders.”
The acquisition is also aligned with bolttech‘s goal “to leverage technology to connect people with protection at the point of need, promoting accessibility of insurance and financial inclusion, particularly in emerging markets.”
Rob Schimek, Group Chief Executive Officer, bolttech, said:
“We are excited to welcome Digital Care to the bolttech family. Digital Care’s strong track record of innovation and customer service, combined with their deep expertise in the embedded protection space, makes them an ideal partner for us as we accelerate our growth in EMEA and globally. Together, we will be well-positioned to deliver innovative insurtech solutions to a wider range of partners and customers, and help more people access the protection they need.”
Aleksander Wistuba, Chief Executive Officer, Digital Care, said:
“At Digital Care, we are delighted to join the bolttech family. We believe that this is a significant growth opportunity for our company, and that we can play an important role in supporting bolttech’s mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. I would like to express my gratitude to our dedicated team for their efforts in making this milestone possible.”
The financial terms of the acquisition are private.
Following the completion of the acquisition, bolttech and Digital Care will work closely together to “ensure a smooth transition for all employees, partners, and customers.”
