“In Brazil, people don’t usually have insurance, but we believe that people can love insurance,” Mascarenhas said. “When something happens, though, when they read their contract, they find they are not covered for that instance. In our case, we changed the product to be transparent and show what they are buying. There is also a better experience with the claims so it is fast and easy.”

https://news.crunchbase.com/news/monashees-backed-pier-raises-14-5m-poised-to-lead-insurance-in-brazil/?utm_content=intro&utm_term=content