Las Vegas, October 1 (Reuters) / PR Newswire — Commercial insurance digital brokerage firm Bold Penguin announced a global strategic partnership with global insurance technology company bolttech. bolttech The business covers 39 countries across four continents. Both parties will jointly develop joint products for commercial and personal insurance for agents, insurance companies, and embedded partners in the United States, Europe, and Asia.

Both parties stated that this collaboration will integrate their respective strengths. Bold Penguin will provide its Digital Exchange for commercial insurance, which enables access to real-time quotes and digital underwriting from the application data, intelligently matching risks with the most suitable markets. Bold Penguin will also provide DeX and ai intelligent layers, as well as an integrated network of commercial underwriters. bolttech will offer its capabilities in embedded distribution, AI driven workflows, and global insurance and protection services covering both personal and commercial insurance. Both parties believe that this cooperation will enable each company to advance their roadmaps more quickly, while also providing customers with the connectivity and functionality of both platforms.

For the American customers of Bold Penguin, this collaboration will provide access to bolttech's personal insurance solutions through a single interface, while they can continue to use their existing commercial insurance tools as well.

Bold Penguin, President and CEO, stated: "The reason our partners cooperate with us is that we are committed to helping them succeed, and the purpose of our software development is to assist them in achieving intelligent growth in commercial insurance. This collaboration continues that commitment. Our American customers will now be able to access personal insurance solutions provided through a single interface that is identical to the one they use with Bold Penguin today. This will provide them with more ways to protect the entrepreneurs, risk-takers, and creators who drive the economy. As we expand together globally, our partners will gain new reach and continue to benefit from the innovation and reliable execution they rely on."

The Group CEO, Rob Schimek, stated: " Bold Penguin is a leading commercial insurance distribution platform. Their automated application processing, AI-driven underwriting workflows, and business orchestration platform complement our technical capabilities, expertise in personal insurance, and global insurance ecosystem. Together, we can provide a more seamless and closely connected insurance experience for our global distribution partners and customers."

About Bold Penguin

Bold Penguin is a risk trading platform for commercial insurance, serving as a marketplace where policyholders and underwriters conduct transactions. The intelligent layer of Bold Penguin DeX ai is located in the middle, responsible for filling in the gaps in the insurance application information and routing it to the most likely underwriting market. Brokers and insurance companies build their businesses on top of this infrastructure. What used to take several days to complete an insurance application can now be processed in just a few minutes.

About bolttech

bolttech is a global insurance technology company with the mission of creating a world-leading, technology-driven ecosystem for protection and insurance. bolttech's customers are spread across 39 markets in Asia, Europe, North America, and Africa.

Leveraging comprehensive digitalization and data-driven capabilities, bolttech facilitates connections between insurance companies, distributors, and customers, making the buying and selling of insurance and protection products more convenient and efficient.

For more information, please visit www.bolttech.io.

For information on bolttech's business in North America ( bolt ), please visit https :// boltinc.com /.

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