Insurance Tech Startup

The dynamic tech startup offers an online tool to provide comparisons of insurance offers. The site connects the user with the offers of all insurers in the market in order to not only compare their products but also eventually contract their services in the same online platform. The goal is to bring transparency to the insurance market in Uruguay, helping to provide symmetry to an otherwise complex market. This startup seeks to provide Uruguayans with a way to buy insurance outside of the traditional office of a broker, where incentives are given that benefit the broker and harm the client. For this reason it works to bring all the insurance information to the end user, in a simple way to understand, so that the client can purchase insurance by making decisions adapted to his own needs and not to those of an intermediary.

Country: Uruguay
Industry: Entrepreneurship & Startups; Technology & Web Development; Engineering & Operations
Sector: For-Profit Company
Office Size: Very small (1 to 10 full-time staff members)


Intern Project Examples:

1 - Monitoring and Evaluation Intern

The intern will conduct a full evaluation of the impact of the startup in the first six months of operation. The company will launch in January 2019 and, in June 2019, it will be necessary to evaluate its performance in terms of impact on: positioning in the market, profitability, and organizational design. The intern’s tasks will include market evaluation, customer satisfaction surveys, evaluation of web positioning with big data tools, financial analysis, and financial evaluation in terms of sustainability. The company will be in the first stage of business development and thus will have the organizational design of a startup, so it will be necessary to analyze the new challenges and the structure that these challenges will require.

Spanish Level Required: Intermediate
Academic Background and Technical Skills: The intern should possess a great capacity for teamwork, abstraction and analytical skills, and an interest in microeconomic solutions and their impact on macroeconomics.

2 - Business Development Intern

The project consists of developing a new loyalty program for both users and suppliers. The central idea is based on the implementation of a vehicle monitoring system.

  • For the end user of the startup, the system will offer real time tracking of the user’s car, analysis of fuel consumption, and detection of mechanical failures, among other things.

  • For the insurance companies, the system will be used to obtain information in order to realize commercial strategies designed in different segments.

  • For the startup, this system will serve to strengthen the relationship with insurance companies, managing to monetize the system with the sale of the macrodata. At the same time, it will ensure that users have more interaction with the brand, not just once a year when they renew their insurance.

Telematics insurance represents today one of the biggest innovations in the sector, challenging all the parties involved.s today one of the biggest innovations in the sector, challenging all the parties involved.

Spanish Level Required: Intermediate
Academic Background and Technical Skills: The intern should have knowledge of telematics technologies, business development, marketing, and implementation of new processes.



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