“Sometimes, the competition is simply taking the ‘do-it-yourself’ approach, where potential partners opt to build solutions in-house. However, we often speak about ‘coopetition’ (collaborative competition) because in a world with a growing protection gap, the opportunity is vast, and we believe the industry can achieve more by working together to expand access to insurance for customers everywhere,”

https://techcrunch.com/2025/06/04/singapore-based-insurtech-bolttech-closes-147m-series-c-at-a-2-1b-valuation/