Qorus Innovation in Insurance Awards 2021 - Winner

bolttech: Embedding insurance ecosystems into non-insurance market innovators

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09/04/2021 Insurance Innovation

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Leveraging the bolttech platform, we enabled LINE, Thailand’s super app, to provide over 10 insurance products from more than 20 insurance carriers via a single integration – all of which took just three months. This case study speaks to the power of not just forging new partnerships but enabling those partnerships to evolve. Because in just one year we’ve gone from pitch to profit (over US$1 million to be precise) by bootstrapping our own insurance ecosystem into the ecosystem of one of Thailand’s biggest super apps. This partnership has already spawned a new and evolved business model (set to launch Q2 2021) and clearly demonstrates that everyone can diversify their business model – non-insurers can sell insurance, and insurers can integrate products vertically elsewhere and in doing so, diversify into new and alterative distribution channels. Watch our case study video here: https://vimeo.com/531686921 (password: bolttech!)

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