bolttech invests in digital insurance advisory Sherpa

Singapore-headquartered bolttech has made a strategic investment of an undisclosed amount in digital insurance advisory Sherpa.

The investment is part of the firm’s goal to expand the international presence of Sherpa Score, a digital insurance and protection advisory tool.

Sherpa Score provides consumers with a customised visualisation of their insurance and protection gaps to help guide their decision-making. Businesses selling insurance can integrate the Sherpa Score platform into their own channels, which can help drive increased engagement and understanding, providing a better experience for their customers.

“Our collaboration with bolttech has already shed light on the enormous opportunity there is to bring our offering to more customers and partners,” said Chris Kaye, Sherpa CEO. “Combining Sherpa Score’s AI-driven technology with the impressive reach of bolttech’s insurance exchange will enable us to seamlessly integrate customer education and awareness into insurance purchasing journeys, equipping more customers with the insights and information they need to make better insurance decisions.”

Sherpa and bolttech aim to expand the Sherpa Score platform further into the Asian and US markets, benefiting from the breadth and depth of bolttech’s network.

“We are always looking for new and innovative ways to build or integrate capabilities that deliver more value to our insurance distribution partners and their customers,” said Rob Schimek, bolttech CEO. “Our strategic investment in Sherpa will deepen our collaboration to enhance customers’ experience and drive engagement within our tech-enabled insurance exchange. By integrating Sherpa Score’s personalised insights into bolttech’s ecosystem of products and services, customers will better understand their protection needs and have the access and choice of relevant insurance products to meet those needs.”