Qorus Innovation in Insurance Awards 2021 - Winner

bolttech: Embedding insurance ecosystems into non-insurance market innovators

09/04/2021Insurance Innovation

About

Leveraging the bolttech platform, we enabled LINE, Thailand’s super app, to provide over 10 insurance products from more than 20 insurance carriers via a single integration – all of which took just three months. This case study speaks to the power of not just forging new partnerships but enabling those partnerships to evolve. Because in just one year we’ve gone from pitch to profit (over US$1 million to be precise) by bootstrapping our own insurance ecosystem into the ecosystem of one of Thailand’s biggest super apps. This partnership has already spawned a new and evolved business model (set to launch Q2 2021) and clearly demonstrates that everyone can diversify their business model – non-insurers can sell insurance, and insurers can integrate products vertically elsewhere and in doing so, diversify into new and alterative distribution channels. Watch our case study video here: https://vimeo.com/531686921 (password: bolttech!)

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

14/03/2025Banking Innovation

HSBC Gold Token

HSBC Gold Token is the first ever tokenized real world asset from a bank for retail investors. Unlike some common...

04/03/2025Insurance Innovation

From Data to Dollars: AI for Life & Annuities

Atidot leverages AI and 53 million policyholders’ data to boost life and annuity sales, improve retention, and cut CAC by...

04/03/2025Insurance Innovation

Market spaces

Market Spaces revolutionizes competitive intelligence in the insurance sector, by enabling you to visualize the online customer spaces of insurers...

04/03/2025Insurance Innovation

Make the difference

Make the Difference is Zurich Insurance’s global innovation training program, designed to empower employees to tackle real strategic challenges. It...

Related news & insights

SME Banking
31/03/2025News

Qonto transforms invoice collection with AI

Qonto, the financial management platform for European SMEs, has launched Invoice Operator, an AI-driven solution to streamline invoice collection. Developed...

Digital Reinvention
27/03/2025Article

Financial Innovation Spotlight – March 2025 edition

This month’s Financial Innovation Spotlight features five eye-catching initiatives from around the world by Burbank, KasikornBank, ING Spain, CIMB Bank...

Digital Reinvention
26/03/2025Interview

Neobanks and the next steps: MoneyLion

More than just a simple neobank, MoneyLion is a top financial marketplace and ecosystem in the United States with more...

Insurance
24/03/2025News

Hanwha Life fuels AI innovation in Vietnam through Informatics Olympiad sponsorship

Hanwha Life is reinforcing its commitment to technological innovation and talent development in Vietnam by sponsoring the 6th Vietnam Informatics...