Latin America has already witnessed its first insurtech unicorn with Betterfly; the largest neo-bank, measured by the number of clients and market capitalization, Nubank, has successfully entered into the life insurance business; a delivery app as Rappi, on the path to becoming a super app, is now offering insurance; and Mercado Libre, the e-commerce giant of the region, has entered into the insurance business after successfully getting into the fintech space. This is an insurtech revolution!
However, worldwide we see a bear market in terms of investment and market valuations in the insurtech space, dooming the perspectives for accelerated growth. Tech (big, medium, and small) companies are adjusting their workforce and startups are no exception. But the protection gap and low penetration ratios in the region are an invitation for insurtech startups to challenge the status quo and thrive.
Is this tipping point the trampoline for an upward curve, with a more resilient sector, or is this the beginning of the end?
Join us to discuss how to succeed in this new environment and learn from these Latin American startups and their view of the future, beyond this tipping point.
Tom Allebone-Webb, Head of Strategy & Innovation, Lloyds of London
Julian Bersano, CEO, Klimber
Matthieu Soulé, head of BNP Paribas C.Lab Americas, Cardif lab’ correspondent in the USA
Martin Ferrari, CEO & Co-Founder, 123Seguros