International insurtech bolttech is set to begin its expansion into the Middle East, following the launch of its new partnership with stc Group, the telecommunications company acting as the engine of digital transformation in the region.
The collaboration with stc Group will see bolttech provide stc’s customers with new embedded device protection offerings through a technology-enabled experience.
stc Group offers provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises over 13 subsidiaries across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe.
Aligning with stc Group’s ‘DARE 2.0’ strategy to become a world-class digital leader, bolttech and stc will also explore expanding the partnership to embed IoT-enabled solutions beyond mobile devices into other aspects of a customer’s digital lifestyle, including protection for home appliances, health electronics, and cyber assets.
Rob Schimek, group chief executive officer at bolttech, commented: “stc Group is an ambitious digital leader, always striving to offer innovative solutions to their customers.
“Their aspirations align perfectly with ours, and together with their well-established presence in the Middle East, they are an ideal partner for our launch into the region. We are excited to work together with stc Group to help their customers safeguard their valued devices to ensure an uninterrupted digital lifestyle.”
Towards the end of 2023, bolttech acquired Digital Care, an embedded protection company based out of Poland, in a move that saw it expand its global footprint and enter four new markets in EMEA – Poland, Croatia, Lithuania and South Africa.
