# ModoSegu

> Brazilian embedded insurance platform providing Digital MGA infrastructure for fintechs, retailers, and franchise networks

## At a glance

| Field | Value |
| --- | --- |
| Type | MGA |
| Region | LATAM |
| Headquarters | Sao Paulo, Brazil |
| Employees | 51-200 |

## Overview

ModoSegu is a property and casualty Digital MGA providing embedded insurance infrastructure to distribution partners across Brazil, including fintechs, digital banks, e-commerce platforms, retail networks, and franchise chains. The company holds regulatory authority through its partner brokerage, Dropz Corretora de Seguros LTDA (SUSEP registration 242158348), enabling distribution partners to offer insurance products without obtaining their own regulatory licenses.

The platform underwrites through carrier partners including Tokio Marine, Vero, and Kakau Seguradora. ModoSegu handles SUSEP-mandated compliance obligations on behalf of its partners while providing the full technology stack for policy issuance, real-time dashboards, and financial controls. The API-first architecture is designed to shorten integration timelines from the typical 3-4 months down to a matter of days.

ModoSegu operates on a commission-based model, earning revenue only when partners generate actual insurance sales. The company serves verticals including fintech and digital banking, retail and e-commerce, real estate, fleet and logistics management, HR benefits, and SaaS platforms. A March 2026 partnership with ConsertaBike -- the largest bicycle shop franchise network in Latin America with 150+ locations -- illustrates the company's franchise distribution channel strategy.

## Products & services

### Embedded Insurance Platform

ModoSegu's core platform distributes insurance through three integration models: a REST API for programmatic integration, Plug & Play pre-configured templates for rapid deployment, and a White-Label option for fully customized branding and journeys. Partners access real-time dashboards for performance tracking, partner management, and financial oversight.

**Key features:**

- Embedded insurance at checkout \(retail/e\-commerce\)
- Transaction fraud and improper transfer protection \(fintechs\)
- Bicycle insurance \(franchise networks via ConsertaBike/Kakau Seguradora\)
- Fleet and logistics coverage with data\-driven underwriting
- Corporate HR benefits integration

*Target users:* Fintechs, digital banks, e\-commerce platforms, retail networks, franchise chains, and SaaS platforms seeking to add insurance products without regulatory licensing requirements

*Distribution:* B2B partnership model \-\- 100% through distribution partners

### Vertical Solutions

**Varejo (Retail and E-commerce):** Insurance embedded into checkout flows for retail and e-commerce operators. **Fintechs and Digital Banks:** Protects end customers against improper transactions, supporting retention and lifetime value for fintech partners. **Mobilidade (Fleets and Logistics):** Data-intelligence-driven underwriting for fleet and logistics operators. **Beneficios (HR and Corporate):** Benefits platform integration for employers and employee populations. **Real Estate:** Insurance embedded into rental and property transaction workflows. **Tech (SaaS and Startups):** Platform insurance for technology companies.

*Target users:* Brazilian businesses in each respective vertical seeking rapid insurance integration

*Distribution:* API and partner integrations

## Links

- Website: <https://www.modosegu.com>
- Directory profile: <https://insurtechlist.com/companies/modosegu/>
- Linkedin: <https://www.linkedin.com/in/diego-rocha-insurance/>

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*Last updated: 2026\-07\-03*