BYD Chooses Bolttech as Partner for Embedded Insurance

BYD, a leader in new energy vehicles, has named Bolttech as its strategic partner for embedded insurance in Europe. This collaboration focuses on five markets: the UK, Italy, France, Germany, and Spain.

Bolttech will use its AI-driven platform to offer tailored motor insurance packages for BYD's electric vehicles. Customers can access these options online or in dealerships during the purchase process.

Stella Li of BYD expressed enthusiasm about the partnership, emphasizing the value it brings to customers by integrating insurance into the car buying journey. Rob Schimek of Bolttech highlighted their support for BYD's mission to enhance sustainability.

The alliance will leverage vehicle data to help insurers provide detailed insights, allowing for better risk assessment and competitive products. BYD's advanced 'Blade Battery' technology will be a key focus to improve insurance underwriting.