Indonesian insurance broker PT Axle Asia rebrands

Indonesian insurance broker PT Axle Asia rebrands | Insurance Business Asia

Insurance News

Indonesian insurance broker PT Axle Asia rebrands

Change follows insurtech firm’s acquisition of a majority shareholding in the brokerage

Insurance News

By
Roxanne Libatique

PT Axle Asia (Axle Asia), an established insurance broker in Indonesia, has rebranded as PT Bolttech Insurance Broker.

This change follows the acquisition of a majority shareholding in Axle Asia by insurtech firm bolttech in late 2022 and has been approved by Indonesia’s Financial Services Authority, Otoritas Jasa Keuangan (OJK), in line with its goals to advance the insurtech industry in Indonesia.

Bolttech spans four continents, offering a broad spectrum of insurance products, distribution partnerships, and technological solutions.

“We have an exciting opportunity ahead of us to leverage bolttech’s international insurtech capabilities to connect more people with ways to protect the things they value while enabling the insurance industry in Indonesia to thrive. We look forward to a fruitful journey ahead working alongside our valued partners to serve the needs of more customers together,” said Srinath Narasimhan, president director of PT Bolttech Insurance Broker.

The rebranding will not impact existing services or agreements.