Reinsurance giant Swiss Re has announced an investment to lead the pre-series A funding round for Klimber Latam Corp, a developer of digital insurance products in the region.
In 2018, Klimber created the first digital life insurance offering in Latin America through its end-to-end platform.
The investment from Swiss Re provides the firm with access to the reinsurer’s innovative solutions, products, and extensive pool of knowledge and data, while adding the financial strength of a global reinsurance entity.
For Swiss Re, the investment in Klimber supports its commitment to narrow the insurance protection gap in Latin America, creating a leading digital ecosystem with a significant insurtech in the region.
Together, the pair will work to make the insurance buying process simpler to provide over 100 million of underinsured individuals in the region with greater access to insurance protection.
Klimber’s Chief Executive Officer (CEO), Julian Bersano, notes that “having Swiss Re as one of our main investors will enable Klimber not only to quickly establish our digital solutions as a standard in Latin America, but also provides our company with critical resources to deliver innovative protection to more than 100 million of underinsured Latin Americans.”
The insurtech states that Swiss Re’s investment reaffirms that it has a growing and profitable business, and also serves as outstanding trust in the company’s plan towards building the insurtech infrastructure for the Latin America region.
Kaspar Mueller, President Reinsurance Latin America, Swiss Re, said: “Our aim is to make the insurance buying process as simple as possible – so that even more people have access to the safety net it provides. We believe that the capabilities and experience that Swiss Re and Klimber bring to the table will help achieve that.
“Investments like this underscore our commitment to the Latin American market and our clients in the region to build a leading digital ecosystem.”
