Bolttech acquires embedded protection firm for expansion
Fast-growing insurtech bolttech has snapped up a Poland-based embedded protection company, as part of its strategy to expand in the EMEA regions and globally, particularly within the telecommunications industry.
By bringing on board Digital Care, bolttech will enter four new markets in EMEA – Poland, Croatia, Lithuania and South Africa.
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.
Rob Schimek (pictured), bolttech group chief executive officer, 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, Digital Care chief executive officer, 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.”
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