AVLA Insurance coverage Group Extends Surety and Commerce Credit score Cowl to SMEs within the US

SANTIAGO DE CHILE, CHILE / ACCESSWIRE / January 7, 2023 / Latin American insurance coverage group AVLA is ready to broaden its surety and commerce credit score insurance coverage options for SMEs to the US After a profitable touchdown in Mexico and Brazil, AVLA prepares its touchdown in america with the target of constant to strengthen the expertise in surety and commerce credit score and to proceed delivering options to SMEs in a rustic with excessive development in such a insurance coverage.

AVLA , Saturday, January 7, 2023, Press launch image

AVLA, one of many ten main surety and commerce credit score insurance coverage corporations in Latin America, with presence in 4 nations within the area, continues its work to succeed in new markets. This time it is america, based mostly on the expertise that insurance coverage and expertise are a substitute for remedy the restricted entry to financing for SMEs.

“14 years in the past we made a dedication to serve a phase with very low entry to financing, at present greater than 50% of our direct premium is from SMEs. We did this by growing a set of digital property that place us in an unbeatable option to obtain regional scalability and larger capability to serve our purchasers” says Ignacio Alamos – CEO of AVLA Group.

AVLA has two essential digital property which have enabled it to change into sooner and extra environment friendly: first, computerized danger underwriting: greater than 65% of selections are made routinely by way of machine studying and synthetic intelligence fashions, with a number of sources of data and historic enterprise information.

Secondly, the contracting of surety 100% on-line and in lower than 7 minutes: greater than 45% of the insurance policies are issued by way of a 100% self-managed digital course of.

“We stay dedicated to the technological transformation of the surety and commerce credit score sector in order that our brokers and brokers can entry an easier and extra environment friendly operation, in order that native corporations can rely always with an agile and strong monetary assist,” says Alamos.

Relating to SMEs, AVLA, regardless of the opposed world scenario, has not ceased to supply ensures and options to this phase. In numbers, greater than 60,000 small and medium-sized corporations have been backed by its insurance policies and greater than 50% of its whole premium corresponds to this phase.

Growth plans

Following its profitable begin of operations in Mexico and Brazil throughout 2021, AVLA tasks revenues of near US$150 million by 2023, which locations it among the many 5 largest corporations within the area in Surety and Commerce Credit score Insurance coverage.

“Touchdown within the US means beginning to compete in a market 4 occasions bigger than the South American market and we’re satisfied that there are nice alternatives in a rustic with excessive development and low loss ratio, a reactivation plan in infrastructure tasks and nice alternatives to proceed to reinforce expertise in surety and commerce credit score”, emphasizes Álamos.

In america, the surety and commerce credit score market has grown by greater than 20% since 2016 and in November 2021 the US federal authorities established a USD 1.2 T infrastructure plan which goes to spice up it much more.

Due to this fact, AVLA will deal with micro and small corporations to strengthen the phase, searching for alliances with minority associations on the nationwide and state degree.

About AVLA:

AVLA is a worldwide insurance coverage group that gives options throughout its surety, commerce credit score, SME credit score and mortgage credit score merchandise. AVLA at present operates in Chile, Peru, Mexico and Brazil, supporting greater than 60,000 small and medium-sized corporations all through the area. For extra info, go to www.avla.com

Web site: https://www.avla.com/
Linkedin: https://www.linkedin.com/firm/2223309/admin/
Contact: Micaela Gutierrez
Electronic mail: mgutierrez@avla.com


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https://www.accesswire.com/734417/AVLA-Insurance coverage-Group-Extends-Surety-and-Commerce-Credit score-Cowl-to-SMEs-in-the-US

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