LATAM startups that have a presence on the Insurance Industry Insurtech Map

Last October in Santalucía Impulsa We launched the IV Insurtech Map of the Spanish Ecosystem. This new edition, which revealed an increase of 9.68% in initiatives and investment related to the insurance sector compared to the previous publication, included, as a novelty, startups from LATAM and Portugal.Specifically in Latin America, the insurance industry has vast untapped potential for innovative distribution models. In fact, most startups are looking for solve problems specific to insurers or are in the field of distribution, the latter being the most developed and the one that has been operating the longest. The insurance sector in this region still has important problems to solve: there are many weak points for the customer in insurance processes and there are still areas of the business that can be improved. For this reason, we make a compilation of the most outstanding startups in Latin America in terms of investment received.

123Insurance (Argentina)

123Safe is a digital insurance broker pioneer in Latin America. It was founded in 2010 with the objective of making insurance transparent and streamlined. The startup is responsible for accompanying the client in the car insurance search and advice, allowing you to compare between the best insurers and book online quickly and easily. In addition, 123Seguro combines technological tools created by its own team with human warmth to provide immediate solutions, making it an innovative insurtech. He currently advises more than a million people in different parts of the world.

180 Insurance (Brazil)

Insurtech 180 Insurance Toast insurance services with a focus on the B2B2C model. The company builds insurance and assistance products with technology that are connected to customers' daily lives in a simple and digital way. It provides a comprehensive insurance solution for companies who want to differentiate themselves in the market and offer their customers a complete product portfolio in a simple and transparent way.180 Insurance carries out the entire process, from the design of the ideal insurance product, through technological integration, to service and after-sales management. ‍ Your goal is revolutionize the way insurance is distributed and consumed in Brazil, providing greater flexibility and agility to reach more people.

Alice (Brazil)

Alice It is one of the startups that is health insurance reinvented in Brazil. This is a health plan for companies with a Health Team that knows and resolves the client's health-related issues 24 hours a day, 7 days a week, through an app.SU health care service, based on technology and data, offers patented primary care with value-based agreements with its health providers. Through this personalized and data-based care, Alice improves clinical outcomes and provides a complete experience at a reduced cost. The startup ehealth offers the best quality-price ratio for companies and is designed for companies of any size. The goal is for employees to have access to innovative healthcare.Technology allows Alice to integration of the customer's data and medical history to provide personalized recommendations. In addition, contracting and management can be carried out easily and quickly through the app, which contains all the necessary information.

Azos (Brazil)

Zzos is an insurtech, a Brazilian technology company focused on the insurance market. Its mission is reduce red tape in the sale of life insurance. Since 2021, the startup has been offering personalized products at a fair price and complete transparency throughout the entire process. For Azos, life insurance is important and all individuals and families should have one. Therefore, it makes your hiring easy and affordable for everyone, democratizing their access and revolutionizing lifelong insurance. AZOS offers coverage in life insurance, but also in total disability due to accidents, serious illnesses and funeral assistance.

Betterfly (Chile)

Betterfly, founded in 2018 and headquartered in Santiago (Chile), is a wellness and insurance platform driven by a purpose that allows organizations and employees to improve their health and well-being while having an impact on their communities. Its unique approach to employee well-being rewards good habits with a life insurance coverage that grows every day and turns every healthy activity into a charitable donation.Companies subscribe to the Betterfly digital platform to manage different benefits for their teams in a flexible way.

• Wellness benefits: allows you to choose which services to hire according to the needs and preferences of each team. There are courses in languages, telemedicine, psychology, veterinary medicine online, giftcards for different businesses, etc.
• Protection benefits: offers employees different types of insurance, whose coverage grows with their healthy habits. Every time they do exercises or activities that provide them with well-being, their coverage will increase. There is life insurance, cancer insurance, pet insurance, and more.

The purpose of the platform, which is very easy to use, is to generate commitment and sense of belonging in a team, improving their lives and that of others. It is 100% flexible and is contracted through monthly plans, recognizes the benefits most valued by its teams, allows each HR leader to select benefits for their employees and transforms each action to different social causes.

Compare well (Peru)

Compare well It is the platform that Compare the best insurance and financial products and provides the pros and cons of each offer so that the user can choose the most appropriate one based on their needs. financial products are necessary to achieve objectives and goals, but choosing one of them can be a frustrating task if you don't have the necessary information, if you don't know what to consider when comparing, if you don't have enough time... Besides, how do you know that you've chosen the best option? Comparabien helps the user in this process. Compare different products and services displaying all the information in one place in a simple way, so that they can understand and choose the product that best suits their needs.

Guros (Mexico)

Guros It is the startup that allows users quote your car insurance online. The startup Compare the best insurers from Mexico so that you can choose your insurance quickly and easily. In Guros you can find the ideal insurance for a car, at the best price and take it out on the spot and without calls. And, if it is later necessary to make changes, renew or cancel it, it can be done with just a few clicks. In addition, Guros allows customers to keep all their insurance information, regardless of the company and branch to which they belong, in one place. That is to say, the user can manage their insurance, since you can modify your policy, cancel it or renew it with another company from the app, in addition to having vehicle information such as fines or payments. Without a doubt, this digital insurance marketplace is transforming the insurance experience.

Justos (Brazil)

Righteous It's the startup that is revolutionizing the insurance market in Latin America. It is designed for those who want to feel safer, but do not have their cars insured or are not clear about their current insurance. The differential aspect of Justos is to offer car insurance with a cheaper price for the driver.Through the machine learning, Justos creates models capable of predicting accidents, resulting in an individualized value for each driver.The startup uses technology and design to make drivers safe with a product that is easy to understand, quick to reimburse for any unforeseen event and fair, because it facilitates conscious driving with better prices.

Pier (Brazil)

Pier It's a digital insurance distribution platform (for mobile phones and cars) that acts as a stipulator for risk pooling. The startup connects to people who are willing to share their risks and resources through a platform that is completely autonomous. It is the Brazil's first digital insurer, and seeks to offer the best possible experience with less paperwork and more agility. In addition, insurance is 100% digital. In short, Pier manages community resources and provides transparency to all members.

RapiHogar (Argentina)

RapiHogar positions itself as an insurtech with an innovative contribution to the insurance market thanks to the use of technologyIt's a startup that was born in Córdoba. In the beginning, it focused its operations on the final consumer, but later it focused on the corporate segment. Now it creates “tailor-made suits” for insurers in order to improve the customer journey. RapiHogar provides insurers with a network of more than 2,300 professionals with verified enrollment. They are specially trained to make the diagnosis, budget and contracting process a dynamic, secure and technology-based experience. The company works with the three actors on which the insurance business is based: assistance companies, claims settlement studies and insurance companies.With all this, its ultimate goal is to add value to traditional products with new features and technology focused on the user experience.

Super Seguros (Mexico)

Super Insurance is a platform that allows quote and take out insurance online. In addition to home and life insurance, it also specializes in taking out coverage for earthquakes. The experience of taking out insurance with Super is very simple. The company relies on technology, and thanks to this it allows the user Take out insurance from your mobile phone and in minutes, with total transparency in contracting and impeccable service. To offer the best insurance, Super has the support of large investors and insurers with extensive and recognized experience. In addition, as an agent he is regulated by the National Insurance and Finance Commission. It is also part of the Insurtech Association of Mexico (AIM).

Vozy (Colombia)

Vozy It's a voice communication platform that helps companies to communicate with their customers at scale through voice technologies and conversational AI. The objective is to transform and enhance the experience of the user who communicates with a company. The startup develops a conversational platform based on natural language processing, this is how it improves the customer experience. Thanks to her, she has acquired more than 150 corporate clients in 17 countries, including the United States. Vozy's focus is on the voice: they believe in The power of the voice and they believe that a conversation is the best way to create a connection between companies and their customers.