(Image source: Digital Care promotional video.)
Global InsurTech firm bolttech (Singapore) announced that it has acquired embedded protection company Digital Care (Warsaw). bolttech characterizes the acquisition as a major step towards achieving the Group’s strategic goals in the EMEA region and globally, while accelerating growth, particularly within the telecommunications industry. The companies declined to disclose the terms of the deal.
Rob Schimek, Group CEO, bolttech.
“Digital Care has a strong reputation for innovation and customer service, and their products and partner ecosystem are a perfect complement to bolttech’s,” a statement from bolttech says. “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—Poland, Croatia, Lithuania and South Africa.”
The statement adds that together, bolttech and Digital Care will reinforce a leading embedded protection position globally, building out new servicing, digital and sustainability capabilities.
The acquisition is also aligned with bolttech’s stated 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.
Aleksander Wistuba, CEO, Digital Care.
“We are excited to welcome Digital Care to the bolttech family,” comments Rob Schimek, Group CEO, bolttech, “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.”
“At Digital Care, we are delighted to join the bolttech family,” Aleksander Wistuba, CEO, Digital Care. “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.”