NEW YORK, May 05, 2016 (GLOBE NEWSWIRE) -- BOLT® Solutions, Inc. (www.boltinc.com), provider of the leading online distribution and customer support platform to the property and casualty (P&C) insurance industry, today announced the addition of Mike Eagan as Managing Director of Sales. Eagan will be responsible for expanding the market reach of The BOLT Platform, which has seen dramatic growth in the past two years.
Eagan brings over 15 years of sales, management, and analytical expertise to his new role with BOLT Solutions. Prior to joining BOLT, Eagan worked with SunGard, where he drove sales and developed new business solutions with tier one and tier two carriers. For more than a decade, Eagan held sales and management positions with MarketStance, IBM, HUON (Innovation Group), and PMSC (CSC).
BOLT Solutions is helping carriers respond to a growing shift in consumer demand toward digital distribution using The BOLT Platform. Eagan’s position with BOLT will focus on providing P&C insurers the digital distribution platform they need to expand their market share, grow wallet share, and foster customer loyalty. Since 2014, premiums driven through The BOLT Platform skyrocketed from $200 million to $1.4 billion, and the number of professionals using the platform grew from 1,600 to more than 55,000. BOLT Solutions also expanded its staff by 20 percent in 2015, and Eagan’s addition is further evidence of The BOLT Platform’s sustained growth in 2016.
BOLT’s EVP of Enterprise Sales Scott Van Slyck spoke to the addition of Eagan, commenting, “Mike has a strong track record of driving sales with solutions providers in the P&C insurance industry, and he will make an excellent addition to BOLT’s enterprise sales team as Managing Director of Sales.”
About BOLT Solutions Inc.
Founded in 2000, BOLT® Solutions, Inc., an Actua company (Nasdaq:ACTA), enables property & casualty insurance carriers to offer products and services through direct distribution channels. The BOLT Platform is a Software as a Service (SaaS) offering designed to connect carriers and their agents directly to consumers and deliver the ideal and optimized experience customers expect today. The BOLT Platform is compatible with an insurer’s existing infrastructure, providing a single interface and a seamless process from consumer to back office systems, as well as a rich data set for reporting, analytics, and market and consumer intelligence. For additional information on BOLT Solutions and The BOLT Platform, visit www.boltinc.com.