Swiss Re backs Klimber
Swiss Re has made a minority investment in digital platform for life insurance Klimber .
Klimber, which is headquartered in Buenos Aires, Argentina, was founded in 2016, and in 2018 the platform launched the first digital life insurance offering in Latin America. The company offers term life insurance with a fixed premium for one year. After the first year, the policy is automatically renewed with increased premiums. Shoppers enter their date of birth and Klimber presents a monthly premium, allowing shoppers to increase their premium for more coverage.
Since then, the platform has evolved and now also offers personal accident and auto insurance products. It has partnered with life insurance provider Prudential Seguros , wellness specialist Vitality Group and medical platform Emergencias Salud.
“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.” – Klimber’s CEO, Julian Bersano.
“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.” – Kaspar Mueller, President Reinsurance Latin America, Swiss Re.