Allianz Partners & bolttech to offer embedded insurance solutions

By Gloria Mathias

Allianz Partners, a B2B2C insurance and assistance service, and bolttech, an international InsurTech have announced a partnership to provide embedded device and appliance protection insurance across Asia Pacific and the United States.

The cooperation between Allianz Partners and bolttech will deliver embedded solutions for business partners such as retailers and e-tailers for electronic products and household devices, telecommunication providers, banks, insurers, and original equipment manufacturers (OEMs).

The collaboration aims to make it easier and more convenient for customers to purchase protection at the point of need for a range of household products, including mobile and digital devices, and household appliances (white and brown goods).

bolttech’s technology and servicing capabilities will combine with Allianz Partners´ strengths to enable the distribution of device protection and other personal insurance products into digital and hybrid customer experiences, fully supported by proven technology and operational and customer service capabilities.

Tomas Kunzmann, CEO of Allianz Partners said, “We are thrilled to collaborate with bolttech around the rapidly growing business segment of appliance and device protection in Asia-Pacific and the US. As a global leader in assistance and insurance services, we will leverage our strong market presence and wide range of product offerings to co-create new solutions that protect consumers’ financial investments and deliver peace of mind. bolttech is an InsurTech with a proven track record in technological innovation, and our partnership will allow us to jointly create a seamless and unique setup for growth in the area of mobile device protection. We look forward to working closely together to re-imagine the future of device protection insurance.”

Rob Schimek, Group Chief Executive Officer of bolttech shared, “What makes this partnership so exciting is the tremendous opportunity to collaborate with Allianz, one of the world’s leading insurers, to reduce risk for customers in their daily lives and increase financial inclusion in the digital age. We are already working with Allianz Partners on a number of exciting opportunities, such as embedding device protection for customers of a leading electronics brand in Thailand. We can’t wait to uncover the possibilities of this extended partnership.”