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Mexico Insurance Tech Startup Offers Quick Cash for Quake Damage

  • Super looks to expand to hurricane insurance in 2022, CEO says
  • Startup’s model worked well after strong Sept. 7 earthquake
Two exposed bedrooms in a building of which part of the wall was knocked down after a magnitude 7.1 earthquake hit in Acapulco, on Sept. 8.

Two exposed bedrooms in a building of which part of the wall was knocked down after a magnitude 7.1 earthquake hit in Acapulco, on Sept. 8.

Photographer: Raul Aguirre/Getty Images

Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a fresh funding round next year, according to chief executive officer and founder Sebastian Villarreal. 

The company, which launched in 2019, offers simple and affordable insurance options to clients by eliminating the middlemen. Super uses technology to determine claims and makes direct payments to clients in a matter of days.