PT Axle Asia, an Indonesian insurance broker, has been renamed PT Bolttech Insurance Broker.
The rebrand follows the completion of bolttech’s acquisition of the majority shareholding in Axle Asia in late 2022.
The Financial Services Authority, Otoritas Jasa Keuangan (OJK) has approved this rebrand, which is in line with its goal to support the growth and development of the insurtech industry in Indonesia.
Srinath Narasimhan, President Director, PT Bolttech Insurance Broker, commented, “We have an exciting opportunity ahead of us to leverage bolttech’s international insurtech capabilities to connect more people with ways to protect the things they value while enabling the insurance industry in Indonesia to thrive.
“We look forward to a fruitful journey ahead working alongside our valued partners to serve the needs of more customers together.”
bolttech has an international footprint spanning four continents, with extensive distribution partnerships, leading-edge technology and innovative protection and insurance products.
bolttech will connect corporate and individual customers with insurance and protection solutions that meet individual needs, building an ecosystem of distribution partners and insurers in the market.
This rebrand and rename have no impact on bolttech Indonesia’s service or offerings to its partners and customers, and all existing services and agreements will remain in place.
