fbpx
Connect with us

Executive Voice

HOW SIGO SEGUROS IS USING INSURANCE TECHNOLOGY TO EXPAND ACCESS FOR LATINOS

When it’s time to get car insurance, most people don’t know where to start.

No one wants to be in a car accident. 

Unfortunately, we are all at risk. If we cause it – we may be held responsible for the costs associated with it. 

The main reason people seek car insurance is to protect themselves and their passengers. Most shoppers discover car insurance brands online and by recommendations from friends and family. It may sound like an easy task, but it’s complicated, especially if you are Hispanic or an immigrant and there is a language barrier. Many Hispanics pay more for car insurance, based on location, age, credit score and the type of vehicle they drive.

In this landscape is where an Austin Texas-based startup founded in 2019, Sigo Seguros, is disrupting their industry. 

Sigo Seguros  aims to close the insurance gap within Hispanic and immigrant communities. Their auto insurance products remove predatory fees and biased rate factors that disproportionately affect minorities such as immigration status, credit score, level of education, or type of employment. 

Sigo Seguros is the only insurtech company in the United States that can digitally onboard Hispanic customers in their native language, providing full Spanish language support to Spanish speakers.

Nestor Hugo Solari, co-founder and CEO of Sigo Seguros explains, “Minorities in the United States have enough challenges to overcome—accessing fair auto insurance shouldn’t have to be one of them “.

Customers can get a free quote from Sigo Seguros by simply entering three levels of information: zip code, car information including their type of car, and the driver’s information including name, date of birth and gender. Upon signing and completing underwriting, the customer will then go through a simple onboarding process and  have 24/7 access to their documents as well as customer support via a fully bilingual call center, online chat, and SMS text.

Customer Vanessa Escarrega expresses: “Sigo gave me the best price. Furthermore, the customer service was spectacular and fast.”

The startup has raised $5.4 million in funding this year. The company is using the funds to expand operations and its business reach to enhance access to equitable insurance for immigrant and working-class populations.

In addition to offering its own product in Texas, Sigo Seguros plans to bring its own proprietary products to additional states in the future.

I've been a professional writer for 7 years. I cover an array of topics from finance to music. Take a read!

New Videos

Top 3 NFTs

Mindset

Most Disruptive

Recent Stories

Trending


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.