SAVE Seguros de Vida

What SAVE Seguros de Vida does

SAVE Compañía de Seguros de Vida S.A., operating as SAVE Seguros de Vida, is a Chilean life insurance company headquartered in Las Condes, Santiago. The company is structured as a Sociedad Anónima Cerrada (Especial), a closed stock company under Chilean law, with contemporaneous ownership concentrated at Contempora Inversiones S.A. (85.74%); the remaining shares are held by Boris Buvinic Guerovich (10.477%) and Inmobiliaria e Inversiones Fourcorp Limitada (3.783%). SAVE has operated for more than 10 years in the Chilean insurance market and carries an A Estable credit rating from both Feller-Rate and ICR Clasificadora de Riesgo, with PriceWaterhouseCoopers serving as external auditor.

The company's core product portfolio is centered on collective (group) insurance products: collective life insurance (Seguros Colectivos de Vida), collective personal accident insurance (Seguros Colectivos de Accidentes Personales), and mortgage/loan life insurance (Seguros Colectivos de Desgravamen). It also distributes travel assistance and school insurance through an "Otros Seguros Colectivos" line. The underlying technology is a standard web-based insurance platform with online self-service portals for claim inquiry (Consulta de Siniestro) and claim reporting (Denuncia de Siniestro), supported by phone and email customer service channels.

SAVE operates primarily a sales-led, B2B go-to-market model, targeting corporate employers for group life and accident policies and partnering with financial institutions for credit life insurance (desgravamen) on their loan portfolios. The flagship commercial partnership is with Banco de Chile for mortgage life insurance on housing loans, including the processing of Personal Health Declarations. A previously material distribution relationship with Falabella group companies has been concluded. Revenue is generated through recurring premium payments on group insurance policies (subscription/recurring model); pricing is not publicly disclosed and is determined via direct sales contact. SAVE operates exclusively in Chile, with no international footprint indicated.

Name

SAVE Seguros de Vida

Legal name

SAVE Compañía de Seguros de Vida S.A.

Website

https://saveseguros.cl

Company type

Private

Operating status

Operating

Short description

SAVE Seguros de Vida is a Chilean life insurance company that provides collective life, personal accident, mortgage-linked life (desgravamen), travel, and school insurance primarily to corporate employers and financial institutions, with Banco de Chile as a key desgravamen partner.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Life Insurance Carriers (524113)

SIC

Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro industry

PRIMARYFSAIADAA

Basic Group Term Life (Employer-Paid)

Financial & Insurance/Insurance — Life & Health/Group Life Insurance (Employer-Sponsored)

SECONDARYFSAIADAG

Group AD&D (Standalone or Bundled with Life)

Financial & Insurance/Insurance — Life & Health/Group Life Insurance (Employer-Sponsored)

SECONDARYFSAIAAAJ

Group Term Life Insurance

Financial & Insurance/Insurance — Life & Health/Term Life Insurance

Keywords

• Group life insurance
• Mortgage life insurance
• Personal accident insurance
• Collective insurance products
• Credit life insurance

Headquarters

HQ city

Santiago

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Group Life Insurance Premiums: Collection of insurance premiums from employer groups and corporate clients for life insurance coverage, accidental death coverage, and mortgage-linked life insurance (desgravamen). Revenue is generated through recurring premium payments on group insurance policies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

SAVE Seguros de Vida is a Chilean life insurance company that sells collective (group) insurance products to corporate employers and financial institutions. Its core offerings include collective life insurance, collective personal accident insurance, and credit/mortgage life insurance (desgravamen) tied to consumer and housing loans. The company also offers travel assistance and school insurance as additional collective products, and provides online self-service portals for policyholder claims management.

Product overview

SAVE Seguros de Vida is a Chilean life insurance company offering a portfolio of collective insurance products. The core offerings include: collective life insurance (Seguros de Vida), collective personal accident insurance (Seguros de Accidentes Personales), and mortgage/loan life insurance (Seguros de Desgravamen). Additional products include travel assistance and school insurance. The company supplements its insurance products with online self-service capabilities for claim inquiry and claim reporting, all delivered through a web-based platform accessible to policyholders.

Differentiator

Problem solved

Functional benefit

Products and services

• Seguros Colectivos de Vida (Collective Life Insurance)

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Banco de ChilecoreChannel Partner/ Reseller/ DistributorSAVE provides desgravamen (mortgage life insurance) services for Banco de Chile customers who have housing loans. The partnership includes processing of Personal Health Declarations (DPS) associated with mortgage credits.
• Feller-Rate Clasificadora de Riesgo LimitadacoreOthersExternal credit rating agency that has assigned SAVE a rating of A Estable. This is a mandatory regulatory requirement for insurance companies in Chile.
• ICR Compañía Clasificadora de Riesgo LimitadacoreOthersExternal credit rating agency that has assigned SAVE a rating of A Estable. This is a mandatory regulatory requirement for insurance companies in Chile.
• PriceWaterhouseCoopers Consultores, Auditores y Cía LtdacoreOthersExternal auditors providing annual audited financial statements as required by Chilean insurance regulations.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Chilena Consolidada Seguros: One of the oldest Chilean insurers offering life, health, and P&C coverage with strong group insurance capabilities. Comparable in Chilean focus and breadth of group insurance offerings.
• Cruz del Sur Seguros: Chilean insurance company with life and general lines including group policies. Comparable Chilean insurer serving similar corporate client base.
• Bice Vida: Chilean life insurance company offering group life, individual life, and disability products to corporate and retail clients. Directly comparable in product mix (collective life and accident) and Chilean market focus.
• Confuturo: Chilean life insurer offering life insurance and savings products with group and individual offerings. Comparable in geographic focus and life insurance product set.
• Penta Vida: Chilean life insurance company serving individual and group markets with life and related products. Comparable in Chilean domicile, product portfolio, and B2B distribution model.

Broad incumbents

• MetLife Chile: Global insurance incumbent operating in Chile with a broad life, accident, and group benefits portfolio. Competes with SAVE for the same Chilean corporate accounts but at much larger scale.
• Zurich Seguros de Vida Chile: Global insurer's Chilean life entity offering group life, accident, and creditor insurance. Overlaps with SAVE on group life and desgravamen but as part of a wider international portfolio.
• Mapfre Seguros de Vida Chile: Multinational insurer's Chilean life subsidiary offering group life and accident products. Comparable in product scope but operates with broader international backing.

Emerging players

• BNP Paribas Cardif Chile: Chilean arm of BNP's creditor insurance specialist, focused on desgravamen and bank-channel life products. Directly overlaps with SAVE's mortgage life insurance partnership model.

Regional players

• HSBC Seguros de Vida (Chile): Life insurance entity of HSBC's Chilean banking operation, focused on credit-linked and group life products. Comparable in bank-channel distribution but tied to HSBC's captive client base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/save-seguros

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SAVE Seguros de Vida