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bolttech launches second Austrian mobile device insurance programme ‘MTEL-Schutz’

Establishes new partnership with MTEL Austria

Vienna, 22 November 2021 – International insurtech bolttech has extended its device insurance programme in Austria as part of an exclusive partnership deal with mobile virtual network operator, MTEL Austria.

Reflecting bolttech’s vision of ‘connecting people with more ways to protect the things they value’, MTEL-Schutz offers MTEL Austria’s customers – which total almost 100,000 - the opportunity to insure their device for damage with the option to quickly replace or repair their device. The insurance is available either online via MTEL Austria’s website or in person through its network of stores around the country.

“We’re delighted to be partnering with MTEL Austria for their first venture into device protection insurance to deliver a greatly enhanced digital customer experience for their customers. We look forward to expanding our exciting new relationship with MTEL into other markets as part of our ambition to become the number one insurtech in Europe”, said Andrew Cons, CEO bolttech Europe.

Stefan Bozic, CEO MTEL Austria said: “We are happy to have chosen bolttech, an international insurtech, as our new partner to become an essential part of our customer satisfaction approach. With our joint programme 'MTEL Schutz', we can now be directly at our customers' side to offer them a quick and uncomplicated solution in case their smartphone gets damaged. This is exactly what MTEL stands for - fast, uncomplicated and being connected. We're convinced that our partnership with bolttech will be more than successful.”

MTEL-Schutz further strengthens bolttech’s status as an insurance distributor and as an accredited Third-Party Administrator (TPA) to leading global insurer AIG, enabling bolttech to provide similar insurance offerings in the region.

The launch of MTEL Schutz follows bolttech’s successful closing of the largest ever insurtech Series A funding round, giving the company unicorn status, and the acceleration of its European build-out with the acquisition of i-surance earlier this year.

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About bolttech

bolttech is an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. bolttech serves customers in 26 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. For more information, please visit www.bolttech.io.

About MTEL

MTEL Austria, member of the Telekom Serbia Group, addresses all people who live and work in Austria, but also those who still have strong ties to their former homelands of Serbia, Bosnia and Herzegovina and Montenegro, and also those who communicate with these countries frequently or spend a lot of time in them for private or business purposes. A unique feature of the Austrian mobile communications market is that the use of mobile Internet abroad is valid not only in the EU, but also in Serbia (mts Serbia), Montenegro (m:tel CG) and Bosnia and Herzegovina (m:tel Banja Luka), and the included free units for telephony and SMS can also be used in these countries. For more information, please visit www.mtel.at.

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