PROJECT

Projects

Summary of Investment Information

Project Number

44500

Company Name

Pier Seguradora S.A.

Date SPI Disclosed

Jan 18, 2022

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Dec 13, 2021

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Jun 11, 2022

Department

Equity Portfolio Management

Industry

other

Previous Events

Approved : Apr 8, 2022
Signed : Apr 26, 2022
Invested : May 10, 2022

Sector

other

Project Description

 

Pier is Brazil’s first and largest full-stack insurtech. Pier began with a simple smartphone theft/robbery product in 2018, operating as an MGA, and they launched auto theft/robbery and roadside assistance product in 2020, and also became the first company to operate under the SUSEP sandbox digital insurer license.

  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation