Speaker: David Lynch, Group Chief Technology & Operations Officer, bolltech
INTRODUCTION:
David Lynch: Hi, my name is David Lynch, Group Chief Technology and Operations Officer at boltech. We're proud to be named a finalist in the Predict and Prevent category at the 2026 Global Innovation Awards. Our submission scaling prevention led insurance across cyber, climate, and industrial risk ecosystems highlights how boltech is helping shift the industry from reactive protection to proactive risk prevention.
IMPACT: What is the scope of the problem being solved by your innovation?
David Lynch: Insurance is traditionally focused on helping people recover after a loss, but today's risks, whether cyberattacks, extreme weather events, or industrial accidents, are becoming more frequent, more connected, and more costly. At Baltech, we believe insurance needs to evolve from simply paying claims to actively helping customers prevent losses before they occur. Our predict and prevent approach combines AI, real-time data and ecosystem partnerships to help businesses and individuals identify risks earlier, take action sooner, and reduce the likelihood and severity of losses. The impact goes far beyond insurance. By helping customers avoid incidents altogether, we're building safer businesses, more resilient communities, and a future where insurance plays a more proactive role in protecting people and assets.
CREATIVITY: How does this innovation stand apart from alternatives in the marketplace?
David Lynch: What makes our approach different is that we're not focused on a single product or risk category. By partnering with organisations across industries, from LG Electronics and industrial risk to leading telcos in cyber safety, we bring new sources of data and insight into insurance, enabling risk to be identified, monitored, and mitigated in real time. Most importantly, we're transforming insurance from a product customers purchase once into an ongoing service that helps protect them every day. That's a fundamental shift in how the industry creates value.
SCALABILITY: How can this innovation be leveraged to enhance its impact?
David Lynch: Operating across 39 markets, our platform is designed to rapidly integrate new partners, technologies, and data sources, enabling us to scale proven innovations across geographies. The same framework can be applied across different industries, geographies, and risk types, from cyber protection and climate resilience, to industrial safety and emerging risks we haven't even anticipated yet. What's exciting, Is that this is bigger than any single solution. It's a blueprint for how the insurance industry can move from managing losses to preventing them at scale. Our vision is a future where insurance is no longer just a safety net, but it's an active partner in risk reduction, helping people and businesses become more resilient before losses even occur.
