International insurtech company, bolttech, has announced a strategic partnership with Taiwan Mobile, one of Taiwan’s leading telecommunications providers.

The collaboration aims to offer a wide range of personal insurance options to customers through the Taiwan Mobile app. bolttech is an international insurtech company that aims to establish the world’s leading technology-enabled ecosystem for protection and insurance.

Currently, the insurtech Serves customers in over 30 markets across North America, Asia, and Europe, bolttech offers a comprehensive suite of digital and data-driven capabilities. Meanwhile, Taiwan Mobile is the second-largest telecommunications provider in Taiwan, and has integrated telecommunications, network, media, entertainment, and e-commerce to create a comprehensive platform.

bolttech and Taiwan Mobile partnership caters to diverse needs of customers

The partnership leverages bolttech’s insurance exchange platform, enabling the launch of 13 different travel insurance products in the initial phase. These insurance products, underwritten by Fubon Insurance, provide coverage ranging from NT$3 million to NT$12 million, catering to the diverse needs of customers. Taiwan Mobile customers can conveniently purchase insurance products within three minutes through their Taiwan Mobile account.

Chris Plumley, CEO North Asia at bolttech, expressed pride in collaborating with Taiwan Mobile, a prominent company in the telecommunications, smart living, and financial services sectors in Taiwan.

Plumley stated that the partnership would connect Taiwan Mobile’s user base of seven million customers to innovative insurance products integrated into bolttech’s insurance trading platform. This integration allows customers to easily purchase coverage, starting with the focus on travel insurance. Plumley said that this collaboration would provide Taiwan Mobile customers with a more convenient and intuitive way to protect themselves while traveling.

Vincent Wu, Vice President of Telecom Financial Service at Taiwan Mobile, highlighted the company’s inherent advantages in the telecommunications industry, including KYC (know your customer) capabilities, big data, and a user database of seven million.

Wu explained that the collaboration with bolttech aimed to create a comprehensive telecom financial product ecosystem. Through the online insurance platform established with bolttech, users can conveniently select suitable insurance products based on their needs. Taiwan Mobile plans to expand its insurance product offerings to provide users with more convenient options.

bolttech and Taiwan Mobile have plans to further expand their partnership and product offerings. They intend to introduce auto insurance, personal injury insurance, and cyber insurance to cater to a wider range of customer needs.

Main picture, Rob Schimek, Group CEO, bolttech

Source: PR Newswire