BCI Seguros Vida S.A. (Chile)

BCI Seguros Vida S.A., incorporated in Chile on January 23, 1990, is a leading life insurance company headquartered in Santiago. It operates within the financial services sector, offering a wide range of insurance products including life, health, accident, and savings-related policies. The company is jointly owned by Mutua Madrileña (60%), Spain’s largest insurance group, and Empresas Juan Yarur SpA (40%), the holding company behind Banco de Crédito e Inversiones (BCI). BCI Seguros Vida manages over 570,000 active policies for 2.5 million insured individuals, with a strong presence in both traditional and bancassurance channels. Its most important products include life insurance, health coverage, accident insurance, and desgravamen policies, with the brand “BCI Seguros” recognized for its innovation and customer-centric approach. Historically, the company originated as Seguros de Vida Continental S.A. in 1990, underwent several ownership and name changes—including AXA Seguros de Vida—and was fully acquired by Empresas Juan Yarur in 2002. In 2016, Mutua Madrileña entered as a strategic partner, later becoming the majority shareholder in 2020. In 2024, BCI Seguros Vida reported a net profit of CLP 10.75 billion, despite a 47.9% drop from the previous year due to increased claims. The company maintains a strong financial position with an AA+ rating from Fitch Ratings and continues to invest in sustainability, achieving carbon neutrality and launching Chile’s first emotional wellness insurance product.