Hong Kong Insurtech Enters Austria

Hong Kong based insurtech company bolttech announced its expansion to Austria with the launch of its partnership with leading local telecommunications operator, Drei.

The partnership will bring bolttech’s device protection to Drei’s customers around the country, beginning with a mobile phone switch service “Drei Direkttausch”, the first non-insurance switch programme in the country.

bolttech’s Austria entry increases its presence to 12 markets across three continents, with its device protection offering now present in Austria, Hong Kong, India, Indonesia, Italy, Malaysia, the Philippines, and Vietnam.

bolttech’s device protection is one of its four key capabilities in addition to its digital brokerage, technology and digital general insurance offerings – delivering fast and easy device protection through repair and delivery services, switch programmes, trade-ins and technical support to protect customers’ electronic devices for an uninterrupted digital lifestyle.

Rob Schimek

Rob Schimek, Group Chief Executive Officer of bolttech, said,

“I’m thrilled that the launch in Austria brings bolttech to 12 markets around the world. Our business is continuing to grow faster than ever with new partnerships forged as well as key product launches. This expansion comes as we look ahead to take our technology-enabled insurance and protection ecosystem into new markets with valued partners and to connect customers around the world with more ways to protect the things they value.”

Rudolf Schrefl

Rudolf Schrefl, Chief Commercial Officer at Drei said,

“We are excited to partner with bolttech to introduce Austria’s first flexible handset swap programme. Another step towards improving our customer experience and delivering easy solutions to meet their essential service requirements. Together we will provide Drei customers with new and innovative ways to protect their smartphones.”

Elsewhere in Europe, bolttech device protection brought its switch programme to WINDTRE customers in Italy in late 2019. bolttech will also launch its brokerage offering in Italy in the coming months, connecting insurance providers with individual and corporate customers to offer digital insurance products quickly and seamlessly.

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