Singapore-based insurtech, bolttech has on Monday announced its partnership with Three Sweden, an innovative telecommunications service provider based in Sweden, to offer comprehensive device protection solutions to customers both online and in-store.

Bolttech said in a statement that the partnerhip strengthens its existing collaboration with CK Hutchison Holdings (CKHH), building on other key partnerships with CKHH businesses globally including WINDTRE in Italy, Drei Austria, and Three Hong Kong.

Under the new partnership, Three Sweden customers will have access to non-binding, device protection insurance and services covering damage, theft, loss and unauthorized use.

The insurance, underwritten by insurer AIG, aims at covering customer’s devices even while they are travelling, to provide added peace of mind.

Customers can also enjoy fast claims settlement with no limit on the number of claims, and no depreciation in the value of their device.

“We are excited to partner with Three Sweden, an innovative telecommunications business founded on cutting-edge mobile technology. This partnership will allow us to elevate the Swedish market’s device protection capabilities,

“We share the common vision of helping customers safeguard the valued devices that are central to their lives in our fast-moving, digital world,” said Dr. Jens Schädler, Chief Executive Officer Europe, bolttech.

Rune Pedersen, Chief Commercial Officer B2C, Three Sweden, said that Three Sweden is excited to join forces with bolttech to continue its growth journey in the Swedish market.

“As a fast-growing challenger, we aim to become a flexible and helpful companion in our customer’s digital lives. The partnership with bolttech provides great opportunities for creating winning propositions today and tomorrow,” he said.

Bolttech is an international insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance.

The firm serves customers in more than 30+ markets across United States, Asia and Europe.

With a full suite of digital and data-driven capabilities, the firm powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.

Three Sweden was started in December 2000 with the vision of creating a completely new platform for mobile communication.

Today, the firm owns and operates 3G and 4G mobile networks in Sweden and Denmark and consists of approximately 2,000 employees.

The firm, which is part of the global three group with operations in eleven countries, is owned by Hong Kong-based CK Hutchison, which owns 60 percent of the company, and Swedish Investor AB, which owns 40 percent.

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