bolttech and Bold Penguin Announce Global Strategic Partnership
Insurtech leaders bolttech and Bold Penguin have formed a global strategic partnership to develop joint offerings for personal and commercial lines insurance distribution. The collaboration aims to provide a unified digital experience for agents, insurers, and embedded partners.
Insurtech companies bolttech and Bold Penguin have announced a global strategic partnership aimed at creating a joint offering for personal and commercial lines insurance distribution. This collaboration will encompass markets in the United States, Europe, and Asia.
The partnership integrates bolttech's global insurance distribution capabilities and AI-driven workflows with Bold Penguin's commercial lines distribution network and technology platform. The objective is to deliver a seamless digital experience for agents, insurers, and embedded partnerships.
Bolttech currently operates in 39 markets across four continents, focusing on innovative insurance distribution solutions. Bold Penguin specializes in commercial lines, offering a digital exchange and AI services.
The collaboration is expected to accelerate both companies' roadmaps and deepen their respective strengths. Through this strategic alliance, customers will be able to leverage the capabilities of the combined platforms more effectively.
Peter B Settel, CEO of Bold Penguin, stated that the partnership will provide their customers with access to bolttech's personal lines solutions through a single interface, while Bold Penguin expands internationally. Rob Schimek, Group CEO of bolttech, highlighted Bold Penguin's leading position in commercial insurance distribution.