Rapi and Cub are expanding their collaboration to create custom digital insurance offerings in Latin America

New York, Lisbon, Nov. 4, 2021 – Rapi, Latin American Super App, and Cub, the world’s largest publicly traded property and victim insurance company, announced today that they have expanded their partnership to create a custom digital insurance offering for millions of users in the region. The announcement was made at the 2021 Web Summit, Europe’s largest technology conference in Lisbon, Portugal.

In this new phase of the partnership, the two companies will work together to develop new and custom products for RappiBank and RappiTravel users. Earlier this year, Mexico’s Rapi and Cub introduced insurance products and services to prevent cell phone theft or damage, fraudulent Internet shopping and identity theft coverage, and home insurance and content protection.

The expanded alliance brings together Cub Industry’s leading digital integration capabilities and Rapin’s in-depth customer research and machine learning models to create innovative digital insurance products to meet the needs of Rapi users. The process uses Artificial Intelligence (AI) teams to support short- and long-term operations and strategies. Cub Studio, Cub’s global digital distribution platform, also uses digital integration capabilities.

With this combination, you will get RIP customer quotes, billing and account management through a well-known, user-friendly, custom-made insurance product.

“Rapi is very excited to expand its insurance partnership with Cub,” said Juan Pablo Ortega, co-founder and head of Rapibank. “This will enable us to develop custom insurance offerings by combining Cubb’s risk-management, data analysis and advanced claims service with our AI-based customer knowledge and accredited user interface.

“We are proud to offer an easy-to-use experience that allows Cub customers to choose the protection of their customers in a simple and intuitive way with a few clicks.” -We look forward to more integration in the environment.

Rapibank’s arm, Rapibank, launched earlier this year and in just a few months, more than two million users in five countries have applied for the credit card.

In addition, a company led by AI, this development is supported by machine learning models, which collect data from Rapi and its partners across the continent. RappiBank aims to provide the best financial products in Latin America with the support of the largest customer base and AI-capabilities. The Bank is focusing on full application-based services, low fees, and ease of promotion for digital products in Latin America.

Cub technology, analytics and information capabilities provide seamless experience to their global partners and customers. These capabilities are used not only in Latin America with partners such as Rapi, but also in other parts of the world, including Asia and Europe. In particular, Cub Global Digital Distribution Platform Cub Studio allows business partners to quickly and easily add “white label” insurance offerings to existing digital platforms, enabling them to market faster. In addition, it provides a secure and scalable platform with multiple APIs to simplify the process. The platform will enable Cub partners in retail, e-commerce, banking, fintech, airline, telecommunications and other industries to add digital insurance options to their products and services and give their customers 100% digital access to their claims. , In their own ecosystems and forums.

About Chubb

Chub is the world’s largest public real estate and accident insurance company. With operations in 54 countries and territories, Chubb provides business and private property and accident insurance, personal risk and additional health insurance, re-insurance and life insurance to a diverse group of clients. As a writing company, we evaluate, estimate, and manage risk awareness and discipline. We serve and pay for our claims fairly and quickly. The company is characterized by a wide range of products and services, extensive distribution capabilities, exceptional financial strength and international domestic operations. The parent company Chub Limited is listed on the New York Stock Exchange (NYSE: CB) and is part of the S&P 500 index. Chub holds executive offices in Zurich, New York, London, Paris and elsewhere, and employs about 31,000 people worldwide. More information is available at www.chubb.com.

Follow us on social media: https://www.linkedin.com/company/chubb | @Chubb_Seguros | ChubbLatam

About Rapi

Rapi serves as the “everything” market app in Latin America, which is more important at the time of the outbreak, and now operates in Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Peru, Mexico and Uruguay. A.D. Launched in 2015, Rapi was instrumental in building the region’s largest courier and final mile logistics network, first using Colombia’s own ships and motorcycles and later using various networks in the region. Unlike anything in the Western Hemisphere today, an on-demand multi-industry digital marketplace app. Headquartered in Bogota, Colombia, Mexico City and São Paulo, Brazil, Rapi operates in 220 cities in nine countries. Today, Rapi has more than 150,000 couriers and has worked with more than 140,000 merchants in the region. The platform has more than 64 million users in Latin America.

Media connection die

Paula Barifouse, paula.barifouse@chubb.com, +1.305.924.0986

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