Singapore-based insurtech firm Bolttech has raised $147 million in a Series C funding round, boosting its valuation to $2.1 billion. The funding, led by Dragon Fund and supported by investors like Sumitomo Corporation and Iberis Capital, will enhance Bolttech's R&D in insurance technology and facilitate its expansion into Africa and North America.The embedded insurance market is rapidly growing, projected to reach $950.59 billion by 2030, significantly outpacing traditional models. Bolttech's partnerships with major companies like Apple and Samsung exemplify the shift towards a platform-based ecosystem, transforming insurance distribution and customer experience through advanced data analytics and AI.