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bolt (New York), the U.S. branch of international InsurTech bolttech (Singapore) that boasts the largest technology-enabled insurance exchange, has announced a partnership with Bamboo Insurance (Midvale, Utah), an InsurTech distribution company focused on transparency, customer advocacy and a frictionless experience, The partnership brings bolt’s smartphone protection product into Bamboo’s digital ecosystem, supporting that company’s mission of delivering an innovative insurance experience.
Bamboo expands its once homeowner-focused portfolio with the addition of smartphone protection. A bolt announcement characterizes the new product offering as the perfect complement to primary policies for existing customers, and for new policyholders, to ensure holistic coverage for their valuable possessions.
“We’re thrilled about our partnership with bolt, one of the leading coverage providers for smartphones,” comments Taylor Mobley, Chief Revenue Officer, Bamboo Insurance. “This unique offering builds on the foundation of Bamboo’s mission—to provide sensible coverage opportunities for our clients. Through this partnership with bolt, we’re able to expand on that by offering clients accessibility to affordable coverage also within the smartphone space.”
bolt describes its smartphone protection as designed from the ground up to help insurers overcome complexity and meet the increasing demand for household level smartphone coverage. The solution is designed to be seamlessly integrated into existing agent and direct-to-consumer sales journeys, bolt says.
“Aligned with Bamboo’s mission to deliver customers easy and innovative insurance experiences, we are proud to combine our brand strengths to fulfill a coverage gap for customers,” saya Clayton Bodnarek, EVP, Alternative Distribution, bolt. “This underscores our commitment to design products that are easy for our partners to integrate, and even easier for their customers to access.”