Microinsurance: The New Frontier for Financial Resilience in Latin America and the Caribbean
In Latin America and the Caribbean, fewer than 10% of people with potential access currently use microinsurance services. However, this gap in financial protection is beginning to narrow. The expansion of the insurtech ecosystem is transforming the insurance sector, deploying digital and innovative solutions that strengthen financial protection for the most vulnerable populations.
Insurance, Technology, and a $267 Billion Opportunity
Driven by technological advancements, a significant untapped market, and collaboration between traditional companies and startups, Latin America and the Caribbean's insurtech sector is primed to boost growth, enhance financial inclusion and foster resilience.