Global insurtech bolttech has announced a partnership with Taiwan Mobile, the country’s leading telecommunications provider, for a range of personal insurance options for customers via the latter’s mobile app.
The first phase of the partnership will see the launch of 13 different travel insurance products underwritten by Fubon Insurance, with the range offering coverage from anywhere between NT$3 million to NT$12 million. Customers under the Taiwan Mobile brand can get insured in under three minutes when they log in and purchase insurance offerings through their Taiwan Mobile account.
According to a news release, bolttech and Taiwan Mobile plan to expand the partnership with more product offerings in the future. Such products include auto, personal injury, and cyber insurance. bolttech North Asia CEO Chris Plumley said that this initial launch aims to provide Taiwan Mobile customers a better and easier way to protect what matters whilst they are on their travels.
“"We are proud to collaborate with Taiwan Mobile, a leading company in the telecommunications, smart living, and financial services sectors in the Taiwanese market. Together, we will connect Taiwan Mobile's user base of 7 million customers to a range of innovative and valued insurance products that we've integrated into our insurance trading platform, allowing customers to purchase coverage in a more convenient and intuitive manner,” Plumley said.
Last month, the insurtech raised US$196 million in connection with its Series B funding for a total valuation of US$1.6 billion.
What are your thoughts on this story? Please feel free to share your comments below.