Super Seguros raises $7.2 million

Super Seguros , Mexico’s first approved insurance MGA, has raised $7.2 million in a Series A round led by ALLVP. Other participants include Bridge Partners, Goodwater Capital and Kairos Angels.

Founded in 2019, Super builds “radically simple insurance products for Latin America. No adjusters, automated claims, guaranteed payouts.” The company specializes in catastrophe (natural disasters), life, and health. In 2020, Super launched a parametric earthquake insurance product with coverage underwritten by Seguros Atlas, one of the top 5 Mexican P&C insurers, with capacity support from Munich Re.