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Scouting for Growth

Andrew Cons: Building an international unicorn

Scouting for Growth

Sabine VanderLinden

Business:entrepreneurship, Business, Entrepreneurship, Technology

4.835 Ratings

🗓️ 27 April 2022

⏱️ 46 minutes

🧾️ Download transcript

Summary

From a PowerPoint deck to a unicorn in two years — that’s not luck. That’s ecosystem strategy executed at speed. In this episode of Scouting for Growth, Sabine VanderLinden speaks with Andrew Cons, former CEO of Bolttech Europe and now leading Bolttech Indonesia, about what it really takes to build a global insurance exchange. Bolttech’s growth story is extraordinary. In just two years, the company achieved unicorn status, raising over $247 million in funding — one of the largest Series A rounds in InsurTech history. Today, its platform transacts over $44 billion in quoted premiums annually, connects more than 180 insurance providers, and offers over 5,000 insurance products. But numbers only tell part of the story. Andrew describes Bolttech as a “many-to-many ecosystem” — a digital exchange connecting insurers, distribution partners, and end customers. Instead of linear supply chains, the platform acts as the connective tissue — the “gel” — enabling on-demand protection at the moment of need. This model reflects a broader industry shift. Insurance is no longer simply about underwriting risk. It’s about orchestrating access within digital ecosystems. Andrew’s leadership journey spans founding his own venture, driving strategy and operational improvement, scaling Asurion across Asia-Pacific, and then building Bolttech from the ground up. The common thread? Results-driven innovation. Scaling at this pace requires more than ambition. It demands: Clear cultural foundations Leadership from the front A willingness to operate under sustained pressure Relentless focus on converting growth opportunities Building a startup inside a stable industry is different from managing incremental growth. It’s about transforming a PowerPoint vision into a functioning, scalable marketplace. The stakes are high. So is the opportunity. Platforms like Bolttech demonstrate how insurance can become embedded, accessible, and choice-driven. By connecting carriers and distribution partners at scale, exchanges increase transparency, efficiency, and customer experience. This episode is essential listening for: Insurance executives exploring ecosystem models Venture leaders scaling platform businesses Founders designing many-to-many marketplaces Investors evaluating infrastructure-led InsurTech plays Because the future of insurance won’t be owned by single carriers. It will be shaped by platforms that orchestrate access, enable partnerships, and deliver protection seamlessly. And the leaders who can scale culture, capital, and connectivity simultaneously will define that future.

Transcript

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0:00.0

The Welcome to scouting for growth. Today I'm meeting with Andrew Kons, CEO Botelix European Operation.

0:25.0

I'm sure you will enjoy very much learning about Andrew and Boertec,

0:30.0

one of our Insio Tech Unicornsorns and actually achieve that status I think in 12 months so that is incredible.

0:38.7

In everything Andrew does he thinks about his team, agility, strategy, the next generation of

0:46.3

insurance product and services and outside of work Andrew enjoys

0:50.4

traveling, golf and spending time with family.

0:55.3

So I'm super thrilled to be with you today, Andrew.

0:59.7

And some of the numbers I think is very important for us to quote about

1:03.4

Altec is you guys are in 30 markets, it costs three continents. You're

1:09.0

working with more than 180 insurers and you know I've been talking about you and usually I use the old numbers so you know

1:16.2

18 more insurers in short period of time impressive 700 distribution partners and

1:22.1

44 billions in quoted premiums annually in US dollars.

1:27.7

So impressive.

1:28.9

Welcome Andrew, thank you for being here with us.

1:32.1

I Sabine and thank you so much for Thank you for being here with us.

1:35.0

I Sabine and thank you so much for inviting me. It's great to be on your podcast with you.

1:37.0

I've listened to a few and they're very interesting so it's exciting for me to be here with you as well.

1:42.0

And thank you for sharing because we are So it's exciting for me to be here with you as well.

1:43.0

And thank you for sharing because we are trying to help our community

1:47.0

understand the ease and the complexity of setting up a business,

1:51.0

but also, you know, it's about the network.

1:53.6

We work in insurance and it's about giving as much as receiving.

...

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