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Google Cloud Platform > Case Studies > bolttech: Revolutionizing Insurance with Apigee and Google Cloud

bolttech: Revolutionizing Insurance with Apigee and Google Cloud

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Technology Category
  • Application Infrastructure & Middleware - Data Exchange & Integration
  • Application Infrastructure & Middleware - Middleware, SDKs & Libraries
Applicable Industries
  • Cement
  • Finance & Insurance
Applicable Functions
  • Product Research & Development
Use Cases
  • Inventory Management
  • Usage-Based Insurance
Services
  • Cloud Planning, Design & Implementation Services
  • System Integration
About The Customer

bolttech is an international insurtech business with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. The company serves customers in 30 markets across North America, Asia, and Europe. With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products. The company was launched in 2020 and has since been working towards transforming the traditionally conservative insurance industry by embracing trends such as hyperconnectivity.

The Challenge

bolttech, an international insurtech business, was launched in 2020 with the aim of building a leading, technology-enabled ecosystem for protection and insurance. The insurance sector has traditionally been slow to embrace trends such as hyperconnectivity, and bolttech saw an opportunity to change this. The company's technology strategy involved enabling both supply side insurance carriers and demand side business partners to connect seamlessly to its exchange. However, bolttech faced challenges in finding an API management solution that could provide a superior integration experience with its partners across Asia, Europe, and the United States. The solution needed to support growth in traffic, promote a thriving developer ecosystem, and provide efficiency benefits from the deeper connection between systems and components.

The Solution

After evaluating various products, bolttech chose to deploy Apigee API Management, the Google Cloud API management platform. Apigee enabled bolttech to design, secure, scale, and publish APIs, and manage them across their full lifecycle. It also allowed bolttech to drive consumption of APIs through flexible developer portal options. With many of bolttech's services already running in Google Cloud, the business saw the potential for synergies within its cloud environment. The organization is now working on further integrating internal systems and working towards a common platform across its multiple businesses in several geographies. This is in line with becoming an even more hyper-connected company, and supports additional self-service and 'plug and play' capabilities.

Operational Impact

  • Apigee is now playing a key role in enabling bolttech to realize its vision and help drive transformation across the insurance sector. The company is building a digital ecosystem that’s transforming the way protection and insurance is bought and sold. This is underpinned by their technology which enables their business partners to seamlessly connect to their technology-enabled ecosystem for protection and insurance. As a result, their partners can in turn offer insurance and protection products to their customers within the existing customer journeys. The deployment of Apigee has also led to the creation of a thriving developer ecosystem, with developers empowered to deliver at speed and drive value for both the developer and the API provider.

Quantitative Benefit

  • Delivered a self-service platform that enables internal developers to explore, select and try common services

  • Created a thriving developer ecosystem by enabling the development of APIs with genuine business utility

  • Provided a seamless integration experience with bolttech partners across a range of geographies

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