TLDR:
- International insurtech company bolttech is expanding into the Middle East through a partnership with stc Group.
- The collaboration will offer new embedded device protection services to stc’s customers with plans to expand into other digital lifestyle aspects.
International insurtech bolttech has announced its plans to expand into the Middle East after forming a partnership with stc Group, a telecommunications company driving digital transformation in the region. As part of the collaboration, bolttech will provide stc’s customers with device protection offerings, with the potential to extend into other digital lifestyle areas such as home appliances and cyber assets.
stc Group, with its presence across Saudi Arabia, the Middle East, North Africa, and Europe, aligns with bolttech’s ambitions to provide innovative solutions to customers. The partnership reflects stc Group’s ‘DARE 2.0’ strategy to become a top digital leader, focusing on enhancing customer experiences.
Rob Schimek, group CEO at bolttech, expressed excitement about the partnership, citing stc Group’s established presence in the Middle East as a key factor for bolttech’s launch into the region. The collaboration aims to help customers protect their devices and maintain a seamless digital lifestyle.
Furthermore, bolttech’s acquisition of Digital Care towards the end of 2023 enabled the company to expand its global footprint and enter new markets in EMEA, including Poland, Croatia, Lithuania, and South Africa.
With this strategic partnership and expansion into the Middle East, bolttech is poised to offer innovative embedded device protection services and potentially revolutionize the way customers safeguard their digital assets in the region.
