Axle Asia Rebrands as PT bolttech in Indonesia

Axle Asia Rebrands as PT bolttech in Indonesia
Axle Asia, a prominent insurance broker in Indonesia, has officially changed its name to PT Bolttech Insurance Broker following bolttech's acquisition of the majority shareholding in Axle Asia in late 2022. 

The Financial Services Authority, Otoritas Jasa Keuangan (OJK), has approved the rebrand in alignment with its goal to promote growth and innovation within the Indonesian insurtech industry.

Bolttech, now established in Indonesia, aims to expand its insurance and protection offerings for both individual and corporate clients. With a global presence across four continents, the company leverages its advanced technology and partnerships to provide innovative insurance solutions. 

Bolttech seeks to connect customers with tailored insurance products, creating a comprehensive ecosystem of distribution partners and insurers in the market.

The rebrand and rename have no impact on bolttech Indonesia’s service or offerings to its  partners and customers. All existing services and agreements will remain in place.

Srinath Narasimhan, President Director, PT Bolttech Insurance Broker, said, “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.”

He added: “We look forward to a fruitful journey ahead working alongside our  valued partners to serve the needs of more customers together”. 

Source: bolttech

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