Online insurer with affordable insurance for low risk drivers in Latam
Innovative insurance solutions for underserved markets.
We offer up to 40% lower premium by focusing on the population which are either low mileage drivers or have good driving habits, representing a $7B market. Insurance penetration in LatAm is extremely low (30% for cars & 10% for motorcycles). This is because there is not an appropriate product for most vehicles (price, payment options, and distribution channels, etc.). We developed the tech to identify and offer affordable insurance for any vehicle (cars, motorcycles, bikes, scooters) based on mileage and driving habits. Then we added gamification, payment options for the unbanked population, and more.
At Clupp, we offer innovative insurance solutions for underserved markets. Whether it's B2C coverage for bicycle and scooter riders in Latin America, B2B SaaS solutions empowering insurance brokers worldwide, or creating new insurance products to guarantee financing for startups in the United States—we're pushing the boundaries of what's possible in the insurance industry.
Clupp moved from only offering affordable insurance directly to low-risk drivers in Latam (B2C, usage/mileage-based) to a broader suite of solutions, including B2B SaaS for brokers globally and specialized products for startup financing in the US. This is a material change in target market and distribution, though some continuity in insurance focus remains.