Digital Insurance Advisory Sherpa Receives Strategic Investment from bolttech

The companies seek to expand the geographical reach of the Sherpa Score digital insurance and protection advisory tool to new markets in Asia and the U.S.

(Image source: Sherpa homepage.)

Sherpa (Singapore) creator of the Sherpa Score digital insurance and protection advisory tool, has received a strategic investment from Singapore-based international InsurTech unicorn bolttech  to expand the international presence of Sherpa Score. The companies declined to disclose the amount of the investment.

Chris Kaye, CEO, Sherpa.

Sherpa Score is a data-driven advisory platform that provides consumers with a highly customised visualisation of their insurance and protection gaps to inform their decision making. Users access unbiased and trustworthy advice in a seamless, instant manner around the clock, according to a bolttech statement. Businesses selling insurance can integrate the Sherpa Score platform into their own channels to drive increased engagement and understanding for a better experience for their customers.

“Our collaboration with bolttech has already shed light on the enormous opportunity there is to bring our offering to more customers and partners,” comments Chris Kaye, CEO, Sherpa. “Combining Sherpa Score’s AI-driven technology with the impressive reach of bolttech’s insurance exchange will enable us to seamlessly integrate customer education and awareness into insurance purchasing journeys, equipping more customers with the insights and information they need to make better insurance decisions.”

As a result of bolttech’s investment, the Sherpa Score platform will expand further into Asia and the U.S., leveraging bolttech’s ecosystem, which connects insurers, distributors, and customers to ease the sale and purchase of insurance.

Rob Schimek, Group CEO, bolttech.

Enhancing Customers’ Understanding of their Protection Needs

“We are always looking for new and innovative ways to build or integrate capabilities that deliver more value to our insurance distribution partners and their customers,” comments Rob Schimek, CEO, bolttech. “Our strategic investment in Sherpa will deepen our collaboration to enhance customers’ experience and drive engagement within our tech-enabled insurance exchange. By integrating Sherpa Score’s personalized insights into bolttech’s ecosystem of products and services, customers will better understand their protection needs and have the access and choice of relevant insurance products to meet those needs.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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