Argentine insurtech 123Seguro is spreading its business to Chile. Following a successful expansion into Colombia where its user base has grown 2.9% over the past eight months, the start-up aims to take advantage of Chile's evolving economy. Notably, insurance premiums in the South American nation account for 5% of GDP, far higher than regional average of 200%. Having recently doubled its workforce, 123Seguro intends to grow its number of employees in Chile to bolster communication with customers and to better understand their needs.
Argentine insurtech 123Seguro is spreading its business to Chile. Following a successful expansion into Colombia where its user base has grown 200% over the past eight months, the start-up aims to take advantage of Chile's evolving economy. Notably, insurance premiums in the South American nation account for 5% of GDP, far higher than regional average of 2.9%. Having recently doubled its workforce, 123Seguro intends to grow its number of employees in Chile to bolster communication with customers and to better understand their needs.