Complete Guide to Insurance Companies in Uruguay (2025)

Finding the right insurance in Uruguay can be challenging. Whether you want to insure your car, home, health or future, it’s important to understand the options available. Designed to help you compare the country’s leading insurance companies, understand their offerings, and make an informed decision, this Guide to Insurance Companies in Uruguay 2025 is your ultimate resource for comparing and choosing.

Main Insurers in Uruguay

Here is a list of the most prominent insurance companies operating in Uruguay. Click on each logo for more information and to access their official sites

All Insurers

General & life providers
Health Insurance Providers
Global Specialty Risks
Insurance Brokers & Risk Advisors
Other Financial Institutions (Banks)

Sancor Insurance

With a strong regional presence, it offers coverage for cars, motorcycles, home, health, and life. It stands out for its online contracting options and exclusive benefits.

Banco de Seguros del Estado (BSE)

The state-owned insurer of Uruguay and a pillar of the market. It offers all types of insurance, including vehicles (SOA), home, life, work-related accidents, and agricultural insurance.

Surco seguros

Surco Seguros in Uruguay offers automobile, life, agricultural, property, and rental guarantee insurance, catering to diverse client needs.

MetLife

Provides a range of insurance and retirement solutions, including group benefits and dental/disability plans.

Berkley

A commercial lines property and casualty insurer.

SURA

Aseguradora líder que ofrece soluciones integrales para personas y familias, incluyendo seguros de salud, vida y riesgos laborales.

Mapfre

Offers auto, home, life, and health insurance. Its reinsurance arm is Mapfre Re.

HDI Seguros

Proveedor de seguros patrimoniales, de accidentes y de líneas financieras.

Porto Seguro Brazil

Porto Seguro Seguros del Uruguay S.A. offers automobile insurance and has expanded to other lines, including fire and theft coverage

Cauciones Seguros

Specializing in surety bonds, an important niche for the fulfillment of contracts and obligations.

San Cristobal

Offers a wide range of insurance products, including auto, life, health, home, and commercial insurance for individuals and businesses.

SBI Seguros

Part of the Japanese group SBI, it has positioned itself in the Uruguayan market with a diverse range of insurance offerings.

Zurich Santander Seguros

This joint venture between Zurich Insurance Group and Banco Santander leverages Santander's banking network to offer life and general insurance products.

AON

A global professional services firm providing a broad range of risk, retirement, and health solutions.

HSBC

Offers life and investment insurance tied closely with banking services.

Mapfre Re

Marsh

A global insurance broker and risk advisor.

Pacific Prime

Un corredor de seguros especializado en planes de salud internacionales.

Tips for Choosing Your Insurance in Uruguay

Define Your Needs: What do you want to protect? Mandatory car insurance (SOA) is not the same as comprehensive coverage. Make a list of your priorities: vehicle, home, health, life, etc.
Compare Coverage and Prices: Don’t settle for the first offer. Use the links on this page to visit several insurers and request quotes. Look not only at the price but also at the coverage details, deductibles, and exclusions.
Check Their Reputation: Research the company’s financial strength and look for reviews from other customers regarding their claims process and customer service. An insurer is only as good as its response to a claim.
Consult an Insurance Broker: A broker is an independent professional who can provide you with impartial advice, as they work with multiple companies. They can be a great help in finding the best policy for your profile.

The Healthcare System in Uruguay: FONASA and Private Insurance

Uruguay has a mixed healthcare system. The National Health Fund (FONASA) is the public insurance that provides coverage to the vast majority of employees, retirees, and their families. It is funded by contributions from employees and employers.

Why consider private health insurance? Although FONASA offers broad coverage through the National Integrated Health System (SNIS), private insurance can offer additional benefits such as:

Access to a wider network of private clinics and doctors.
Shorter waiting times for consultations and procedures.
Coverage for treatments not included in the basic plan.
Reimbursement for medical expenses and international coverage.

Companies like MetLife, Sura, BlueCross & BlueShield of Uruguay, and private medical insurers (mutualistas) offer plans that complement FONASA.

Frequently Asked Questions (FAQ) about Insurance in Uruguay

Is car insurance mandatory in Uruguay? Yes. Law No. 18,412 establishes the Mandatory Automobile Insurance (SOA) for all vehicles circulating in the country. This insurance covers personal injury (injury or death) caused to third parties in an accident. It does not cover material damage to your own vehicle or others. For that, you need additional coverage (third-party or comprehensive).

What is the best insurance company in Uruguay? There is no single “best” company for everyone. The best option depends on your specific needs, your budget, and the type of coverage you’re looking for. The Banco de Seguros del Estado (BSE) is the largest, but companies like Sancor, MAPFRE, and SURA are very competitive and offer excellent products.

What is an insurance broker, and why should I use one? An insurance broker is a professional intermediary who represents you, not the insurance company. They advise you on finding the policy that best suits your needs by comparing options from various companies, saving you time and often money.

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