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Chubb Limited is a global property and casualty insurance company based in Zürich, Switzerland. It was formed in 2016 through the merger of ACE Limited and the Chubb Corporation. The company has a rich history, tracing its roots back to the Insurance Company of North America, founded in 1792, and Chubb & Son, established in 1882. Chubb is listed on the New York Stock Exchange as a component of the S&P 500. Chubb offers a wide range of insurance products, including marine, cargo, ship, fidelity, surety, casualty, fire, aviation, excess liability, and directors & officers coverage. The company serves individuals and multinational corporations across various industries, focusing on risk prevention and maintaining strong relationships with agents and brokers. Chubb also has a presence in life insurance through Chubb Life Insurance Company of America and supplemental insurance via Combined Insurance Company of America. With operations in the U.S., China, and other regions, Chubb emphasizes innovation and growth through strategic acquisitions and diversification.
The Insurance Corporation of British Columbia (ICBC) is a provincial Crown corporation established in 1973, serving as the sole provider of universal, compulsory basic auto insurance for all motorists in British Columbia, Canada. It operates under various acts and is one of Canada's largest property and casualty insurers, employing over 5,000 staff across multiple claims centres and driver licensing locations. ICBC offers mandatory basic auto insurance, which includes essential coverage options such as third-party liability and accident benefits. Additionally, it provides optional auto insurance through a network of independent brokers and government agents. The corporation also manages driver and vehicle services, including vehicle registration and licensing, and processes approximately 900,000 claims annually. ICBC is committed to road safety initiatives and has modernized its operations to enhance customer service and efficiency.
Innovative insurance solutions for underserved markets.
Building a full-stack auto insurer for the underserved in LatAm
QI Tech is a Brazilian fintech company established in 2018, specializing in technology infrastructure for financial services. The company provides modular APIs that enable businesses to offer a variety of financial products, including banking, credit, payment, and anti-fraud solutions. Licensed by the Brazilian Central Bank as a Direct Credit Society, QI Tech allows companies to provide payroll loans, buy-now-pay-later options, home equity loans, and student loans. The platform supports numerous financial services such as digital registration, credit scoring, digital account opening, and wire transfers. Recent innovations include QI Fatura, which facilitates installment payments via Pix. QI Tech also offers an Insurance-as-a-Service platform and is developing foreign exchange infrastructure to enhance FX operations in Brazil. With over 400 clients, including notable brands like 99, Shopee, and QuintoAndar, QI Tech is expanding its presence throughout Latin America. The company has secured significant funding, including a $200 million Series B round in 2023, and has a market valuation exceeding $2 billion, highlighting its role in Brazil's digital finance landscape.