NEW YORK, June 14, 2017 /PRNewswire/ -- BOLT® Solutions, Inc. (www.boltinc.com), the leading digital distribution platform to the property and casualty (P&C) insurance industry, today announced its partnership with MassChallenge Israel. BOLT joins Liberty Mutual, Swiss Re, Deloitte, and others on the InsurTech steering committee for the most start-up friendly accelerator on the planet.
"BOLT's unparalleled expertise in the InsurTech field will provide our MassChallenge Israel finalists with access to a company that has helped define and transform the insurance industry since 2000," said Israel Ganot, Managing Director of MassChallenge Israel. "We are thrilled to have such a forward-thinking company as our partner."
MassChallenge Israel announced the 52 high-impact, high-potential, early-stage startup finalists that will participate in its three-month accelerator program, where they will receive world-class mentoring from industry experts, tailored programming, free co-working space, and unrivaled access to corporate sponsors.
"As the original InsurTech, we are committed to helping other entrepreneurs across the globe as they begin their journey to define their future and maximize their industry impact," said Eric Gewirtzman, CEO of BOLT Solutions. "Partnering with MassChallenge Israel is an opportunity for us to not only share our experience and expertise, but also engage and collaborate with groundbreaking startups and leading companies from around the world."
Nearly 500 startups competed for the 52 finalist spots in the program. The three-month accelerator program culminates at the MassChallenge Israel Awards, where the startups will pitch for an opportunity to win a portion of up to half a million NIS in no-equity awards.
This year's expert judging panel included more than 170 of the world's top executives, entrepreneurs, and investors. The judges evaluated the nearly 500 applicants from 40 countries on their ability to demonstrate impact and potential - for ideas ranging from scientific breakthroughs to industry disruptions.
MassChallenge has accelerated over 1,200 startups, generated $700M in revenue, created 60,000 jobs through partnerships with Microsoft, IBM, JP Morgan and, now, BOLT Solutions.
About BOLT Solutions Inc.
BOLT® Solutions, Inc. (www.boltinc.com), the leading provider of digital distribution solutions to the P&C insurance industry, is helping insurers transform the way they sell and market their products to consumers and small business owners. Compatible with existing infrastructure, The BOLT PlatformTM provides a single interface that connects seamlessly with back-office systems and improves carrier reach through a vast market network of new products. Insurers gain the ability to bundle their offerings with those from other carriers, positioning them to meet all of the customer's needs without underwriting additional risk. Designed to connect carriers and their agents directly to consumers and business owners, The BOLT Platform delivers the optimized solutions, and ideal experience customers expect today. BOLT is an Actua company (Nasdaq: ACTA).
About MassChallenge Israel
MassChallenge Israel was officially launched in 2016 to serve Israel's highest impact early stage companies and help them grow through meaningful and targeted learnings and connections globally. In our first year from our home in the bustling Machane Yehuda market, our community of investors, leading multinationals, and industry stakeholders selected 52 outstanding teams to enter the accelerator from a global pool of of nearly 500. Over the course of the accelerator program finalists gain access to world class mentorship, networking and a top-rated curriculum that maximizes potential growth. The teams are also competing to win a portion of up to half a million NIS in no-equity awards.