With the aim of democratizing money and bringing more and more people one step closer to financial services, we have developed an insurance proposal within a context where technological companies offer innovative solutions with multiple advantages for users.

Our insurance proposal is another way to bring more and more people closer to financial services: a way to protect vulnerable homesteads from unforeseen incidents, as a resource to mitigate their direct impact on their economy.

Technology allows the insurance sector to introduce social sectors which tend to be excluded from the traditional financial system. This represents a disruptive progress, given the fact that 45% of the Latin American population doesn't even have a bank account yet, let alone any type of financial services (including insurance.)

Getting to know and studying people 's needs allows us to focus our technology on improving our service offer, making them more intuitive, lean and accessible. From the time of hiring until its effective use, we generate a 100% digital experience, minimizing any steps and standing by people’s side to have a better understanding of the product they are acquiring, while learning how to report and follow up events.

Developing the insurtech portfolio accounts for one step further to offer easy-access financial products so that users meet all of their needs with a digital account.

Personal injury and life insurance

Our solution is mainly targeted at people outside the banking system that need to take up insurance outside the traditional financial institution offers. In particular, entrepreneurs and self-employed can benefit from insurance coverage such as personal injury covering disability, injury, and lost profit insurance, ensuring ongoing income in case of any unforeseen situations impacting on their own economic activity.

Plans are tailored to the user 's needs offering affordable prices. In case of the life insurance, coverage is given in case of death, relating to funeral expenses, which may extend to spouses and offsprings. In case of an accident, there is the chance to collect income for each day as an inpatient and coverage is also offered  in case of serious illnesses.

Through the app, Mercado Pago offers two products from the insurance company Prudential Seguros, one of the most important independent insurance companies in the segment of individuals in the religion. Swiss Re acts as a reinsurance company, and  Klimber is the insurtech specialized in the technological development of the digital insurance ecosystem.

Full protection insurance

Available in Argentina, this insurance includes protected purchase covers (robbery or accidental damage during 60 days as from the date of purchase made through Mercado Pago), purse or bag stealing, theft after getting cash from a Mercado Pago account, loss, robbery, theft, or cloning of a prepaid  Mercado Pago card.

In this way, Mercado Pago users can enjoy another financial protection tool thanks to an alliance with Cardif.