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XV CONFERENCE AAC/MIS

XV CONFERENCE AAC/MIS. Insurance Cooperatives and Mutuals in AMERICA, and the development of SURCO. SUMMARY. 1) Insurance Mutuals and Cooperatives in America 2) Some examples of insurance Cooperatives 3) The development of SURCO. First Part.

jacob-mccormick
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XV CONFERENCE AAC/MIS

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  1. XV CONFERENCEAAC/MIS Insurance Cooperatives and Mutuals in AMERICA, and the development of SURCO.

  2. SUMMARY 1) Insurance Mutuals and Cooperatives in America 2) Some examples of insurance Cooperatives 3) The development of SURCO

  3. First Part The AAC/MIS as a representative entity for the Insurance Cooperatives and Mutuals in the Americas.

  4. ¿What is the AAC/MIS? • Founded in 1979 as a non-profit organization • A regional Inter-American Organizationrepresenting 55 member cooperatives and mutuals.. • Its members are to be found in 22 countries in North, Central, and South America and the Caribbean. • Its mission: Support and establish efficient and viable, people-based insurers in the Americas.

  5. The figures of the AAC/MIS • Total Assets : U$S 92,3 trillions • Gross income from premiums: U$S 42,2 tril. • Net claims paid: U$S 14,2 tril. • Gross income from premiums: US$42.2 tril. • Life policies: US$ 15.2 trillions • Non-Life and Health: US$ 27 trillions

  6. The figures of the AAC/MIS in Latin America and the Caribbean • Total Assets: U$S 2 trillions • Gross Income from Premiums: U$S 1,19 trillions • Net Claims Paid: 0,06 trillions

  7. Other Data of the AACMIS • Total of People Insured: 14,000,000 (does not include USA and Canada) • Total of Owned Cooperatives: 2,150 • Members of owned cooperatives: 5,642,000 • Other Owners (Unions, NGOs, Associations): 208

  8. Second Part Following are some concrete examples in Brazil, Colombia, and Dominican Republic

  9. Unimed Seguros(Brazil) Part of the Unimed system, represented by 376 Medical Insurance Cooperatives With 103,000 doctors from cooperatives Unimed Aseguradora (Life and Private insurance) and Unimed Seguros de Salud 14.2 millions of affiliates

  10. Unimed Seguros(Brazil) Premiums: U$S 165 millions Equity: U$S 213 millions No. of Employees: 408 Insured: 4.4 millions

  11. La Equidad (Colombia) Founded 35 years ago with 6 employees and 162 Coop. and Assoc., today it has 1300 members (1,500,000 Colombian owners) General Equity Insurance and Equity Life Insurance (and professional risks) More than 2 mill. people protected by collective life insurance policies; the largest in all of Colombia. Alliances with Cooperative Insurers from Ecuador and El Salvador  

  12. La Equidad (Colombia) • Total Assets: U$S 82.7 millions • Gross Income from Premiums: U$S 40 millions • Claims Paid: U$S 14 millions • Equity: U$S 31.5 millions • Market Share:1.18 %

  13. Coop-Seguros(Dominican Republic) • Created in 1990 • Consists of 62 Associated Cooperatives • 127,700 Insured • 32 Employees • Life and General Insurance

  14. Coop-Seguros(Dominican Republic) Premiums: U$S 2.95 millions Equity: U$S 1.2 millions Market Share: 0.7 % 14th Position in a total of 32 Companies

  15. Third Part The development of SURCO and the keys to promoting insurance services to the Uruguayans.

  16. SURCO Seguros An Experience of Intercooperative Integration in Motion

  17. Our Partners

  18. Our Partners National Identity International Backing Common Values

  19. Our Identity in Synthesis We are the only insurance cooperative in Uruguay. We integrate identity and local knowledge, with international backing and experience. We are committed: With the search for quality in service. With the professional solvency of our solutions. With the search for effective and efficient processes. With innovation.

  20. SURCOin the Investment Market Competitive Positioning The Figures of Surco The Re-insurers of Surco Products and the Insured

  21. Competitive Context At the beginning of the competition 12 years later

  22. Written Premiums in 2006

  23. Investmentsand Technical Reserves

  24. Surco Investments ( U$S mill.)

  25. Investment Diversification

  26. The Re-insurers MUNCHENER RE HANNOVER RE MAPFRE RE

  27. Products and Clients Life, Savings, and Retirement Insurance Fire, Theft, and Related Insurance Agricultural Insurance

  28. Life, Savings, and Retirement Insurance Temporary, Whole Life, Universal Life, Collective Voluntary Adhesion, Life for Credit Balance, Group, Personal Accidents, Annuities. 3,040 Individual Life Policies. 9,500 Life in Voluntary Adhesions. 100,000 Group Life Insurance.

  29. Fire, Theftand Related Insurance Property Insurance, Companies and Business, Storage Plants, Silos, Mortgages. 1,069 Homes 340 Companies and Businesses 12 Buildings

  30. Agricultural Insurance Hailstorms, Fires, Winds, Erosion, Low Temperatures, Excess Rainfall; Replanting. Wheat, Barley, Oats, Rape, Soy, Maize, Sorghum, Sunflower, Rice, Silo Reserves Blueberries. Agricultural Insurance140,205 Ha

  31. Production in 2006

  32. 1-1 to 9-30 of each year

  33. Fachada Aniversario

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