Although the bolttech brand launched in early 2020, we have a long track record of innovation in the insurance industry.
Today, the bolttech group has a number of market-leading players, including: Bolt Solutions Inc. in the U.S., the world’s largest digital insurance brokerage with more than US$5 billion in active premium on its platform to date; Edirect (trading as Frank) in Thailand, a cutting-edge online direct broker; Amtrust Mobile Solutions (rebranded as bolttech in Q1 2020), a leading device protection provider in Southeast Asia; and general insurance businesses in Hong Kong and Thailand.
In Asia, the bolttech group has a presence in Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam — in addition to our presence in the U.S. and Europe. Our ambition is to build an innovative, connected protection and insurance ecosystem across the globe, through further growth and acquisitions.
In Hong Kong, bolttech began with Reconnects, a start-up device protection company established in 2019, now rebranded to bolttech and working with leading telecommunications partners including 3HK, CSL and 1O1O. With the ambition of becoming the first digital broker in Hong Kong, the business added a broker license and the supporting technology platform to offer digital general insurance products to customers in the market. In addition, the group includes the FWD general insurance business, named number one for customer experience in Hong Kong’s general insurance market by Forresters in 2019.