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MetLife Acquires 20% Stake in Klimber

September 24, 2025

Yuri Poletto

Klimber covers 13.9 million people and manages ~$300 million in premiums according to CEO Julián Bersano.

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Source: Coverager

MetLife has acquired a 20% stake in Argentinian insurance startup Klimber. The companies have been partners for several years, and in 2023, MetLife introduced MetLife Xcelerator, an embedded insurance platform for its markets across Latin America, which was developed by Klimber.

The embedded insurance startup received an investment from Swiss Re and it partnered with Prudential to offer its term life insurance product on e-commerce platform Mercado Libre.

“This investment reflects MetLife’s New Frontier strategy in action: supporting innovation, driving growth, and democratizing access to insurance in Latin America.” – Naomi Johnson, Director of Business Transformation and Innovation at MetLife Latin America.

Read the full article: https://coverager.com/metlife-acquires-20-stake-in-klimber/

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