Insurtech's Pivotal Moment Has its Place to Reflect

Latin America has already witnessed its first insurtech unicorn with Betterfly; the largest neo-bank, measured by the number of clients and market capitalization, Nubank, has successfully entered into the life insurance business; a delivery app as Rappi, on the path to becoming a super app, is now offering insurance; and Mercado Libre, the e-commerce giant of the region, has entered into the insurance business after successfully getting into the fintech space. This is an insurtech revolution!

On the other hand, the insurtech industry is facing challenging times, with stringent valuations and growth predictions in decline. The consequence is revisited growth plans and organization structure, with profitability becoming the main goal.

In this pivotal moment of insurtech in general and for the Latin American region in particular, it’s no surprise that ITC has decided to host its first Latin American edition.

ITC Latin America is just around the corner. Hosted at the Fontainebleau Hotel in Miami Beach, this event is going to take place from April 23 to April 26.

For anyone that has attended ITC in Vegas, this is a huge conference. Last year, ITC Vegas, hosted over 9,000 attendees, had 14 simultaneous tracks, a gigantic exhibit hall, and over 75,000 meetings facilitated over the last few years since ITC Vegas kicked off to become the marquee event for insurtech.

However not as large, ITC Latin America - as its counterpart from Vegas - will be the largest insurtech event in the region, expecting around 1,000 people and hosting over a hundred speakers.

At Celent we’ve prepared a unique experience moving our Latinsites Summit under a new roof, partnering with ITC. If you've attended this event in the past, we used to host it in Fort Lauderdale. Expect the same quality, expect the same experience you had before; just even better, because now you don’t only get Celent’s Latinsites Summit but also two days of ITC, for a complete ITC experience.

During these sessions, and all throughout ITC, you will have the opportunity to meet Celent analysts face-to-face and other technology leaders like yourself, as well as discuss the issues dominating the digital agenda today.

At Celent’s Latinsites Summit you will find…

👉 a day (Monday, April 24) of unique and exciting discussions, moderated and presented by Celent, that will provide optics into key areas of trending interest in today’s insurtech space. We will focus on how to bridge the gap between insurance and technology, how distribution is changing and what it means to insurers, smart automation and the use of data to run efficient operations, and best-in-class digital insurance, including the use of data to create new products and new business models.

👉 Celent-bration of the winners of the 5-Stars Awards in partnership with Insurance Innovation reporter. These awards recognize outstanding executives who have used technology in innovative ways to gain a competitive advantage.

👉 an exclusive roundtable, on the topic of core system transformation approaches and replacement, for the C-LENT community members. C-LENT is a platform that connects LATAM Insurance IT executives. Do you want to be part of this community? It’s free to register, just connect with Laura Pena at lpena@celent.com.

👉 extraordinary networking. Yes!... we kept our marquee networking ⛵ catamaran excursion (Sunday, April 23) and made it bigger! Join your industry peers, as we sail in the largest day cruising catamaran in North America for an exclusive networking experience, only available for Celent’s Latinsites Summit attendees. A perfect setting to connect in preparation for the full day of insights, knowledge sharing, and celebration at Celent’s Latinsites Summit, as part of the Full ITC Experience we have prepared for you.

For the full agenda and speakers of Celent’s Latinsites Summit please visit our ITC hub page. You will also find a couple of videos to help you get prepared for ITC LATAM, as we cover what to expect and how to get the most out of it.

As part of ITC's own program, Celent will be presenting on Open Insurance based on a recent study we conducted, reviewing how the regulation is advancing in different geographies, how its currently being implemented - even in the absence of regulation -, the areas of opportunity for insurers, and the challenges ahead.

As you can see, many good reasons to participate in ITC LATAM. If you’re not already registered, reach out to Laura (lpena@celent.com). We have some great discounts available.

Hope we’ll see you there!