SulAmérica is the second largest Brazilian insurance company with more than 7 million customers and a distribution network of more than 30,000 independent brokers.[4] SulAmérica Seguros operates in several lines of insurance, such as health and dental, automobile and other basic lines, life, as well as other segments, such as private pension, investments and capitalization. The company was founded in 1895 and is controlled by Rede D'or.[5]
History
Sul América Companhia Nacional de Seguros de Vida was founded in December 1895 by entrepreneur D. Joaquim Sanchez de Larragoiti, who operated in the life insurance segment in the Brazilian market.[6]
In 1918, the company launched Insurance for Partners, Employers and Employees, the first group life insurance service in the Brazilian market. SulAmérica magazine was launched two years later.[7] In the 1920s, the company began to offer other services such as Automobile and Personal Accident Insurance.[8]