Insurtech funding in Latin America reached 121 million dollars (104 million euros) in the first half of 2025, a 370% increase compared to the same period the previous year and 32% above the total recorded in 2024, according to the ‘Latam Insurtech Journey’ report, prepared by Digital Insurance Latam with the sponsorship of Mapfre.
Infobae publishes that Brazil concentrates 74% of the investment flow in the region with a total of 89 million dollars (76 million euros) until June. By business, ‘life & care’ accumulates 65% and the mobility sector 33%. The number of startups in the insurtech ecosystem in Latin America rebounded by 2%, to stand at 507 companies, which translates into a certain deceleration compared to the figures recorded in recent quarters. Thus, the organic growth of these companies was 11% in the last twelve months, a figure equivalent to the birth of 56 new insurtechs.
By region, Brazil accumulates the highest number of agents with 203, followed by Mexico (129) and Argentina (95), while Chile is the country with the highest percentage increase (+29%).
Throughout the first half of 2025, the internationalization index grew by 36%, with a total of 18.3%. Peru (58%), Chile (31%) and Colombia (26%) are the main drivers of the increase in the expansion index and Brazil has 10% international insurtechs.
The index of attraction of foreign companies stands at 32%, with a growth of eight points compared to the same period the previous year, when three out of every ten insurtechs in the market were foreign. Regarding the current mortality rate of the ecosystem, the figure stands at 9.4%, although the last quarters indicate a trend towards stabilization around 10% annually.
Brazil and Chile have improved their mortality rate in the last twelve months, reaching 9% and 3%, respectively. In contrast, Mexico (10%), Colombia (10%) and Argentina (7%) recorded an increase as a result of the ecosystem’s cleanup.
In Central America, the insurtech ecosystem—the combination of insurance and technological innovation—has begun to gain momentum, especially in countries like Costa Rica, Panama, and Guatemala, where startups and traditional companies are adopting digital solutions to expand coverage, streamline processes, and personalize products.
These initiatives seek to close the gap of low access to insurance in the region through mobile platforms, artificial intelligence, and microinsurance tailored to sectors such as agriculture, transportation, and health. Although the sector still faces regulatory and financial inclusion challenges, the advance of insurtech promises to transform the Central American insurance market with greater efficiency and accessibility.
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