123Seguro, among the 100 most innovative insurtech in the world

123Seguro was elected for the second consecutive year in the Insurtech100 classification, an award that recognizes a hundred companies in the sector that stand out for their disruptive developments.

The exponential development of the insurtech market generates greater competition among companies in the sector. In this context, the results of the 2019 edition of the Insurtech100 classification were published, an award that recognizes the 100 most innovative insurtech companies in the world, pioneers in the segment for their disruptive developments.

For the second consecutive year, Argentina’s 123Seguro is part of the selection that FinTech Global, a research firm specializing in the field, carries out annually.

The insurtech sector attracts more and more investments and its expansion does not stop: the companies that make up the sector in the region have already raised $ 125 million from venture capital funds since 2016, while global financing exceeds u $ s 14,000 million.

Also, in 2018, the number of Latin American start-ups linked to insurance increased, mainly, based on Argentina, Brazil, Chile, Colombia, Mexico and Peru, according to the Fintech Radar report prepared by the organization Finnovista

The presence of more technology companies in the industry brings not only higher quality of service and greater digitalization of the commercial process, but also greater competition.

“The market experienced great growth in the last two years, as firms face the challenges imposed by digital transformation and new customer demands. As a result of this situation, the process to identify the 100 leading companies in the insurtech ecosystem was even more complex than last year, ”said FinTech Global in relation to the results of the last edition.

The finalists were recognized for their innovative use of technology to solve a significant industry problem, as well as for their ability to generate cost savings or efficiency improvements throughout the insurance value chain.

“These are the companies that every insurance leader needs to know to develop digital transformation strategies. The objective is to help senior executives and professionals in the sector to evaluate digital insurance models that have greater potential and a greater possibility of generating impact, ”said the specialists who made up the jury panel. The full list of winners can be found at http://www.TheInsurTech100.com.