UNIT

UNIT is a direct-to-consumer digital carrier operating in the Dominican Republic and the Caribbean, offering personal lines coverage -- auto, home, pet, electronics, life, and income protection -- through a fully online platform. The company was launched in 2019 as a subsidiary of Grupo Universal, a Dominican financial services group founded in 1964, as its digital-first insurance arm. UNIT holds the distinction of being the first insurance company in the Dominican Republic to offer end-to-end policy management online, from quoting and binding to claims and cancellation.

The carrier applies telematics technology through its flagship product "Por Lo Que Conduces" (Pay-Per-Kilometer), the first kilometer-based auto insurance product in the Dominican Republic. This product prices premiums on actual driving patterns rather than flat rates, representing a departure from traditional underwriting in the regional market. Claims are processed digitally with a target turnaround of 48-72 hours, and all policy administration is handled through web-accessible interfaces without requiring in-person visits.

UNIT operates within Grupo Universal's corporate structure, which also includes Seguros Universal and Administradora de Riesgos de Salud Universal. External funding details are not publicly disclosed. The company has participated in the InsurTech NY conference and has been featured in regional reporting on Latin American insurtech growth, representing the Dominican Republic in a sector that reached over 530 companies and USD 200 million in funding across Latin America as of 2025.