Fenris and bolt: Empowering the Future of Insurance
A Dynamic Partnership
We’re excited to announce the latest chapter in our ongoing partnership with bolt. Together, we’re shaking things up in the insurance industry by empowering carriers, distribution partners, and end users in ways that make insurance simpler, smarter, and more accessible. By blending Fenris’ real-time insight and data enrichment with bolt’s forward-thinking insurance distribution tech, we’re reshaping how people quote and bind insurance.
Our Impact on Personal & Commercial Insurance
At the close of the first quarter of 2024, the insurance industry witnessed remarkable growth and challenges. In personal insurance lines, the need for profitable growth underscored the prior focus on growth-at-any-cost. In commercial insurance lines, the emerging use of third party data and insight has been key to differentiating a user experience in gathering data, and has proven to produce better outcomes at multiple points along the submission-to-quote through to renewal process.
The ongoing partnership between bolt and Fenris across both personal and commercial lines insurance brings a streamlined, data-enhanced experience to their modern distribution platform. The real-time injection of accurate data and insights helps match distributors with providers, in a seamless way, so that bolt’s platform can deliver a top notch experience and enhance the brand strength of their partners.
Leading the Charge
David Lewin, Head of Platform, states, “At bolt, we continue to strengthen our ecosystem of partners and capabilities to ensure we stay at the leading edge of insurance distribution and product offerings. Our partnership with Fenris helps bolt partners personalize their offerings and reduce friction in the insurance buying process.”
Fenris CEO Jennifer Linton expressed her excitement about the expanded partnership, stating, “We’re excited to build on our partnership with bolt and help fuel their growing insurance exchange…bolt was an early adopter of Fenris’ capabilities, and we look forward to continuing our support of the bolt team, who are building an internationally scaled ecosystem to deliver exciting, much needed innovation in distribution and servicing for our industry.”
Moving Forward Together
As we embark on this new chapter, Fenris and bolt are committed to driving positive change in the personal and commercial insurance landscape. With innovation and customer focus at our core, we’re empowering our partners and helping to shape the future of insurance.
Read on for the full press release.
Fenris Announces Expanded Partnership with bolt
The collaboration addresses growing demand for personal and commercial lines insurance in the US
Our partnership with Fenris helps bolt partners personalize their offerings and reduce friction in the insurance buying process.”
— David Lewin
RICHMOND, VA, UNITED STATES, March 26, 2024 /EINPresswire.com/ — Fenris Digital, a provider of real-time insight and enrichment data, and bolt, the insurtech with the country’s largest technology-enabled insurance exchange, announced an expanded partnership to continue modernizing the insurance experience for carriers, distribution partners, and end-customers.
The strategic collaboration brings together each company’s complementary strengths in delivering real-time insights and enrichment data and insurance distribution technology and services to offer innovative solutions that remove friction in the insurance purchasing journey and enable a personalized, fast, and easy customer experience.
bolt is the leading distribution platform for property and casualty (P&C) insurance, connecting insurers, distribution partners, and customers to transform the way insurance is bought and sold. bolt will continue to leverage Fenris’ API for real-time enrichment data and insights on its insurance exchange across personal and commercial lines of business, making it easier for carriers and distribution partners to bind new business quickly and accurately.
Jen Linton, CEO of Fenris, commented: “We are delighted to build on our partnership with bolt to help enable their rapidly growing insurance exchange. As a leader in innovative data and insights serving the U.S. insurance market, we leverage our proprietary, purpose-built data set to enrich millions of insurance applications each year. But we go further than pre-fill; our data also feeds into our suite of real-time machine learning insights and algorithms, which are tuned to client results, to optimize outcomes. bolt was an early adopter of Fenris’ capabilities, and we look forward to continuing our support of the bolt team, who are building an internationally scaled ecosystem to deliver exciting, much needed innovation in distribution and servicing for our industry,” Linton adds.
“At bolt, we continue to strengthen our ecosystem of partners and capabilities to ensure we stay at the leading edge of insurance distribution and product offerings,” said David Lewin, Head of Platform at bolt. “Our partnership with Fenris helps bolt partners personalize their offerings and reduce friction in the insurance buying process.”
To learn more about Fenris Digital, visit fenrisd.com. For more information on bolt and its offerings, visit boltinsurance.com.
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About Fenris:
Fenris is the single source for instant insight and data for every applicant and policyholder, with a mission to streamline and optimize across the customer lifecycle. Fenris offers a suite of predictive insights and data enrichment products in the US which are delivered in real-time via a SOC 2-compliant API platform, enabling modern customer acquisition workflows across auto, home, life, and small commercial lines.
About bolt:
bolt is the leading distribution platform for P&C insurance, uniting distributors and insurers to transform the way insurance is bought and sold. The result is the world’s largest tech-enabled exchange of insurance products, including two-thirds of America’s leading insurers, helping businesses of all kinds distribute insurance, expand market reach, and meet more of the insurance and protection needs of customers.
For more information, visit boltinsurance.com.
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Megan Minter
Fenris
[email protected]
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