The green light from the autarchy is something considered important for the business evolution of the insurtech founded in 2017, which can now issue its own risks for bicycle and smartphone insurance.
As Marcelo Torres, COO and co-founder of Kakau, told Finsiders, the outlook is to increase revenues by up to 10 times in the next 12 months, and reach $800 million in premiums over the next four years.
"This is a very important moment in the history of the company. We will have more flexibility to innovate in B2C technology and user experience, as well as foster new digital partnerships in B2B," said the executive.
Currently, the insurtech has more than 2 million insured devices. Also according to the company, with the beginning of Fulô Seguradora's activities, owned by Kakau, it is possible to accelerate the expansion even more with the increase of products for customers and partners.
The company has just closed a partnership with the also insurtech Pitzi, of cell phone insurance, which began issuing the risks in the insurer of the Kakau group. Pitzi, which has more than 2 million protected handsets, adopts a strategy of indirect sales partnership with retailers such as Mercado Livre and Amazon and manufacturers such as Xiaomi and Motorola, which offer the insurtech's insurance to those who buy a cell phone.
With two editions held in 2020 and 2021, Susep's sandbox selected more than 30 projects. There are cases in operation, such as Kakau, 88i, Thinkseg, among others, besides the example of Pier - the insurtech was the first to receive the authorization to operate in the market in a definitive way. IZA, which offers insurance for the self-employed, was another one to request the regulator's definitive approval, which has not yet been granted. There are also those who gave up in the middle of the road, such as Komus - incorporated by Pitzi.
The green light from the autarchy is something considered important for the business evolution of the insurtech founded in 2017, which can now issue its own risks for bicycle and smartphone insurance.
As Marcelo Torres, COO and co-founder of Kakau, told Finsiders, the outlook is to increase revenues by up to 10 times in the next 12 months, and reach $800 million in premiums over the next four years.
"This is a very important moment in the history of the company. We will have more flexibility to innovate in B2C technology and user experience, as well as foster new digital partnerships in B2B," said the executive.
Currently, the insurtech has more than 2 million insured devices. Also according to the company, with the beginning of Fulô Seguradora's activities, owned by Kakau, it is possible to accelerate the expansion even more with the increase of products for customers and partners.
The company has just closed a partnership with the also insurtech Pitzi, of cell phone insurance, which began issuing the risks in the insurer of the Kakau group. Pitzi, which has more than 2 million protected handsets, adopts a strategy of indirect sales partnership with retailers such as Mercado Livre and Amazon and manufacturers such as Xiaomi and Motorola, which offer the insurtech's insurance to those who buy a cell phone.
With two editions held in 2020 and 2021, Susep's sandbox selected more than 30 projects. There are cases in operation, such as Kakau, 88i, Thinkseg, among others, besides the example of Pier - the insurtech was the first to receive the authorization to operate in the market in a definitive way. IZA, which offers insurance for the self-employed, was another one to request the regulator's definitive approval, which has not yet been granted. There are also those who gave up in the middle of the road, such as Komus - incorporated by Pitzi.