Global insurer MetLife has acquired a 20% stake in insurtech Klimber, a partnership that aims to transform how insurance is accessed and distributed throughout Latin America.
This achievement, the firm stated, strengthens Klimber’s position in the evolving digital insurance landscape in the region.
The insurtech’s platform allows its partners in the banking, retail, fintech, and e-commerce sectors to easily integrate and sell insurance products.
Its proprietary technology, which uses data and artificial intelligence, aims to simplify the entire insurance process, from underwriting to customer experience.
“This investment reflects MetLife’s New Frontier strategy in action: supporting innovation, driving growth, and democratizing access to insurance in Latin America,” said Naomi Johnson, Director of Business Transformation and Innovation at MetLife Latin America.
“We founded Klimber with the mission of making insurance simple, scalable, and accessible through the use of data and artificial intelligence,” said Julián Bersano, Klimber Global CEO.
Adding: “Today, seeing more than 13.9 million people protected and nearly $300 million in managed premiums is concrete proof of that vision. Our platform is helping transform insurance underwriting and the customer experience, expanding access to protection in under-penetrated markets.”
Klimber’s and MetLife’s partnership and ambitious growth strategies aim to close protection gaps and increase insurance penetration in Latin America.
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