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BOLT Expands Product Offering to Meet Industry Needs

Staff Writer | April 21, 2017

BOLT Solutions announces its continued growth in all aspects of the business and the industry’s adoption of the BOLT Platform. Ending 2016 with both strong revenue growth and market momentum, BOLT Solutions remains focused on its goal to enable insurers to deliver products and service in one stop.

To support its clients and further expand its reach into the insurtech field, BOLT recently released version 8.0 of the BOLT Platform available in two versions, BOLT Enterprise and BOLT Premier. BOLT 8.0 meets the needs of insurers at any point in their digital distribution journey, offering the ability to integrate traditional and digital distribution capabilities with a tightly integrated market network of robust product options.

All BOLT products bring insurers up to today’s customer-centric standards by expanding product selection and digital channels of engagement. Since the platform easily scales to meet current and future needs, regardless of the insurers current business model or digital standing, BOLT customers are positioned to exceed strategic growth objectives by creating the “customer-obsessed” environment of tomorrow, today.

“Our strong growth underscores our position as an insurtech innovator committed to partnering with P&C incumbents to turn industry disruption into strategic advantage,” says Eric Gewirtzman, CEO, BOLT Solutions. “Insurance companies, once considered to be late adopters, now have all the tools they need to evolve with the rapidly changing expectations of the insurance consumer. We recognize the native advantages of existing insurers and build on their inherent strengths.”

The expanding use of the BOLT Platform over the past year has resulted in BOLT’s continued momentum:

  • Annualized opportunities flowing through the platform up to 4.1 million in 2016 compared to 1.9 million in 2015
  • Carrier connections grew to 5,557 in 2016 from 4,900 in 2015
  • Users on the platform increased to 75,000 in 2016 from 50,000 in 2015

BOLT is committed to providing the digital capabilities and product choice that incumbents require to flourish. BOLT’s success and market momentum is positive proof that the company’s strategic investments and leadership in expanding digital channels are a winning strategy.

“While our growth is gratifying, it’s more exciting to see how our efforts are advancing incumbent insurers,” says Ari Katz, president of BOLT Solutions. “BOLT is committed to helping insurers expand their digital reach, and our powerful tools are just the beginning of how we can revolutionize the insurance industry.”

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