Grace Ashiru
bolttech, a Singapore-headquartered insurance technology (insurtech) firm, is preparing to make its debut in the Kenyan market this October. The company has teamed up with LOOP, the digital banking service from NCBA Bank Group, to roll out a new product called LOOP Flex.
The service will embed device protection directly into the LOOP platform, offering coverage against theft, accidental damage, and liquid damage. It will also provide protection against mechanical breakdowns and include extended warranties, with all repairs handled by certified service centers using genuine manufacturer parts.
For bolttech, this launch is a significant step in expanding its global footprint. The company already operates in more than 35 markets across North America, Europe, and Asia, and Kenya marks its first entry point into Africa. Industry observers say the move underscores growing demand for digital-first insurance solutions across the continent, where smartphone adoption and digital banking usage are rising rapidly.
LOOP Digital Financial Services (DFS), the business unit behind LOOP, currently operates in six markets across East and West Africa. Backed by NCBA Group—one of East Africa’s largest banking institutions—LOOP DFS serves over 60 million customers, giving bolttech a ready-made base to tap into as it introduces LOOP Flex.
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