WeCover

B2B SaaS platform for digital insurance distribution and administration in Latin America

Distribution & Sales Startup Seed

Overview

WeCover is an insurance distribution and administration SaaS platform for carriers, brokers, and insurance producers in Latin America. The company enables organizations to digitalize their insurance operations without rebuilding core systems from scratch.

The platform is fully digital, dynamic, and customizable, allowing insurance companies to design and launch new insurance products in weeks. A key differentiator is support for on-demand insurance -- coverage that can be purchased for specific items and time periods (by day or month) rather than traditional annual policies. This model allows carriers and distributors to reach new customer segments with flexible product structures.

WeCover operates across Argentina, Chile, Peru, and Mexico. Notable clients include Orbis Seguros, which uses the platform for on-demand coverage of mobile devices, tablets, laptops, and musical instruments, and Galicia Seguros for on-demand bicycle insurance. The company was founded in 2019 and received seed funding of USD 0.53M from Draco Capital.

Products & Services

Insurance Distribution Platform

A B2B SaaS platform that enables insurance companies, distributors, and brokers to digitalize the distribution and administration of insurance products. Companies can configure and launch new insurance offerings rapidly through the platform.

Key Features

Fully digital and customizable insurance product configuration
Rapid time-to-market for new insurance products (pilot in weeks)
Multi-risk coverage support across insurance lines
Built-in feedback and iteration capabilities for product development

Target Users: Insurance carriers, brokers, and producers seeking to digitalize their distribution operations

On-Demand Insurance

A module enabling consumers to purchase insurance coverage for specific items and durations, on a per-day or per-month basis, rather than annual policies.

Key Features

Temporal and limited-duration coverage options
Item-specific insurance (devices, vehicles, bicycles, instruments)
Consumer-facing digital purchase flow
Flexible coverage periods

Target Users: Carriers and brokers offering flexible, usage-based insurance products to end consumers

At a Glance

Founded: 2019
Headquarters: Buenos Aires, Argentina
Employees: 11-50
Funding: Seed

Category & Focus

Category: Distribution & Sales
Subcategories: Digital Insurance Platform On-Demand Insurance Insurance Administration
Insurance Verticals: P&C Personal P&C Commercial Specialty/E&S
Target Customers: Carriers, Brokers, Agents/Agencies