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Insurtech funding in LatAm dipped in 2024 but number of startups continues to rise: MAPFRE

According to the ninth edition of the LatAm Insurtech Journey, developed by Digital Insurance LATAM and sponsored by MAPFRE, the Madrid-based insurer, annual investment in the sector fell by 38% compared to 2023, reaching only $92 million, although the second half of the year saw a 156% increase compared to the first half, suggesting a positive outlook for 2025.