bolt, the largest technology-enabled InsurTech exchange in the country, has announced a significant partnership with Bamboo, an organisation delivering property and casualty insurance with a focus on simplicity, transparency, and savings.
This collaboration sees bolt’s smartphone protection products incorporated into Bamboo’s digital ecosystem, a step towards bolstering their mission to provide a transformative insurance experience.
The partnership has been established with the key goal of integrating bolt’s smartphone protection into Bamboo’s insurance offerings. In this digital age, mobile devices are an indispensable part of our daily lives, hence the need for comprehensive protection is essential.
By introducing this product into their portfolio, Bamboo not only expands its traditional homeowner-focused products but also ensures holistic coverage for its customers’ valuable assets.
The main role of bolt in the insurance market is as a leading distribution platform for property and casualty (P&C) insurance. Their groundbreaking solution brings together distributors and insurers, transforming the way insurance is bought and sold. This innovative approach results in the world’s largest tech-enabled exchange of insurance products, including two-thirds of America’s leading insurers.
Bamboo Insurance, on the other hand, is a growth-focused insurance organisation with a dedication to delivering a smooth and innovative insurance experience. Their unyielding focus on customer advocacy and usage of data and technology aims to simplify the insurance process and increase transparency for partners and policyholders.
The integration of bolt’s smartphone protection into Bamboo’s offering enhances their ability to deliver an all-round insurance experience. This product addition aligns with their mission of providing sensible coverage opportunities and sets the stage for other innovative insurance products.
The respective Executive Vice Presidents of the two organisations have also added their views. Bamboo Insurance’s Chief Revenue Officer Taylor Mobley said, “We’re thrilled about our partnership with bolt, one of the leading coverage providers for smartphones. 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.”
And in the same vein, bolt’s Executive Vice President of Alternative Distribution Clayton Bodnarek said, “Aligned with Bamboo’s mission to deliver customers easy and innovative insurance experiences, we are proud to combine our brand strengths to fulfil a coverage gap for customers. This underscores our commitment to design products that are easy for our partners to integrate, and even easier for their customers to access.”
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