The leading e-commerce corporation in Latin America, MercadoLibre, has reached 5 million customers in its insurance branch, and it did so in less than four years thanks to solid investments in technology to position itself in the insurtech sector. While Latin American countries are currently significantly below their competitors in North America, Europe, and Asia regarding their gross insurance premiums, the region is expected to experience more growth in insurance premiums between 2022 and 2023 than other geographical areas, except for China.

South African growth-stage investor Knife Capital has reached the final close of its $50 million fund. The third fund addresses a critical funding gap in growth stages where local investors have historically fallen short.