The alliance combines Bold Penguin’s specialized commercial insurance exchange and AI-driven underwriting tools with bolttech’s global footprint, which currently spans 39 countries. By merging these platforms, the companies intend to eliminate silos between commercial and personal lines, offering a unified digital interface for distribution partners.
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Bold Penguin and bolttech Forge Global Insurtech Alliance
In a move to unify commercial and personal insurance distribution, industry players Bold Penguin and bolttech announced a strategic global partnership today in Las Vegas. The collaboration integrates Bold Penguin’s commercial lines exchange with bolttech’s expansive international network, aiming to streamline digital workflows for agents and carriers across four continents.
Rob Schimek, Group CEO of bolttech, noted that the integration of Bold Penguin’s submission automation and orchestration capabilities directly enhances their existing personal lines expertise. For Bold Penguin, the partnership provides a rapid path to international scale. CEO Peter B. Settel confirmed that the arrangement allows Bold Penguin to offer bolttech’s personal lines solutions to its existing U.S. customer base through a single, integrated portal. This joint effort leverages both firms' R&D resources to accelerate digital transformation in a sector traditionally hindered by manual, legacy processes.
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