2. Bolttech

Very similar setup to Covergenius, also has a reinsurance captive.

Has seen rapid expansion accross EU and Asia.

Bolltech also sees a very competitive market, with commissions increasing significatnty, regulator caps on commissions could benefit all the market.

Key people :Jens Schaedler

Meeting scheduled for May 29th in Zurich

• Make sure in the calendar.
• Get back to them by Wednesday on MM Spain
• Bolltech is finalizing the pricing (they see 5% gross margin)
• They expect cession from Axeria to their Cayman reinsurance company
• Axeria short presentation + appetite per country / LoB
• DROP

Bolltech MGA

--UW team

--low touch for Axeria

--claims handling ( AI technology)

--cost center in barcelona.

--Outsource center in Sophia

--wharehouse for refurbished devices.

--Low cost operations.

-- Upfront commission .