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Saturday, August 22, 2026

LatAm Insurtech Sector Closes 2025 With 530+ Companies and US$200 Million in Funding

The Latin American (LatAm) insurtech ecosystem continued its recovery and maturation in 2025, with funding rebounding strongly and the number of active companies reaching 536. The year marked the third-highest investment level in the region’s history, following the exceptional funding environment seen in 2021 and 2022.

Growth is increasingly being driven by stronger, more scalable business models. The improving mortality rate, combined with continued start-up creation, indicates a healthier ecosystem capable of sustaining long-term innovation.

The findings come from the 11th edition of the ‘LatAm Insurtech Journey’ report, produced by Digital Insurance LatAm and sponsored by MAPFRE, which tracks the evolution of the region’s insurtech landscape.

Geographically, Brazil, Mexico, and Chile remain the largest markets, while cross-border expansion continues to rise as start-ups increasingly scale beyond domestic markets.

The ecosystem is also shifting structurally. Technology enablers now represent the majority of companies, reflecting growing demand for solutions across the insurance value chain, including claims, fraud detection, digital intermediation, and risk analytics.

Hugues Bertin, CEO and founder of Digital Insurance LatAm, said: “The ecosystem has evolved dramatically in just four years. Today we’re seeing higher-quality companies, more AI-driven models, and more insurtechs solving real industry problems. The focus has shifted from pure distribution to technology enablement, which is reshaping the market.”

Carlos Cendra, Scouting & Investment Lead in Corporate Innovation at MAPFRE, said: “2025 exceeded expectations. Strong investment combined with ecosystem churn shows a market that is maturing. The growing role of ‘multilatina’ insurtechs – operating across multiple markets – will be key to building more resilient, scalable companies.”

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