SEGUROS ILLIMANI S.A.

What SEGUROS ILLIMANI S.A. does

Seguros Illimani S.A. is a Bolivian insurance company headquartered in La Paz, with origins tracing to 1923 when it operated as a Royal Insurance Co. Ltd. agency in Bolivia. The firm was incorporated as an independent locally licensed insurer, Seguros Illimani S.A., in 1979 and is supervised by Bolivia's Autoridad de Fiscalización y Control de Pensiones y Seguros (APS). It is registered with the Bolsa Boliviana de Valores and holds identifiers including ISIN BO14000P0005 and LEI 549300FJ3JL1RXK7WU22.

The company offers a diversified portfolio of general insurance and surety products: vehicle insurance, construction all-risk coverage, international transport civil liability for the CONOSUR region, personal accident insurance, and multiple surety bonds. It distributes these products through a physical branch network spanning four Bolivian cities — La Paz, Cochabamba, Sucre, and Santa Cruz — supported by 28 employees.

The business model is the standard insurance economics of premium collection against underwriting risk: revenue is generated from policyholder premiums across the five product lines, while profitability depends on claims experience, reinsurance arrangements, and operating cost discipline. There are no disclosed indicators of digital channels, AI-driven underwriting, online broker platforms, or technology-led distribution. The firm's strategic positioning rests on multi-line product breadth, regional branch coverage, and a century-long local brand heritage in a small, regulated national market.

Name

SEGUROS ILLIMANI S.A.

Legal name

Seguros Illimani S.A.

Website

https://segurosillimani.com.bo

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Seguros Illimani S.A. is a Bolivian insurance company headquartered in La Paz, offering vehicle, construction all-risk, international transport, personal accident, and surety bond coverage through branches in four Bolivian cities.

Ownership category

akta.pro rank

Product category

General Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Surety Insurance (6351), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty & Excess/Surplus Lines (E&S) (FSAJAMAH)

akta.pro secondary industries

Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH), Umbrella & Excess Liability (Fleet/Transportation) (TLABANAG)

Keywords

• General insurance products
• Vehicle insurance
• Construction all-risk insurance
• Personal accident insurance
• Surety bond services

Headquarters

HQ city

La Paz

HQ country

Bolivia

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Seguros Illimani generates revenue through collection of insurance premiums from policyholders across multiple insurance product lines including automotive, construction, personal accidents, transport liability, and contract fulfillment/bond insurance products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Seguros Illimani S.A. is a Bolivian general insurance company that underwrites and distributes a portfolio of insurance policies and surety bonds through its own branch offices, telephone centers, WhatsApp, and corporate website. Core offerings include vehicle insurance (Automotores), all-risk construction insurance (Todo Riesgo Construcción), international road transport civil liability for CONOSUR carriers, personal accident insurance, and a suite of surety bonds covering proposal earnestness, construction contract fulfillment, services contract fulfillment, supplies contract fulfillment, and customs obligation fulfillment.

Product overview

Seguros Illimani S.A. is a Bolivian insurance company offering a portfolio of insurance products and surety bonds. The portfolio comprises vehicle insurance (Automotores), construction all-risk insurance (Todo Riesgo Construcción), international transport civil liability coverage (CONOSUR), personal accident insurance, and multiple surety bond products including proposal seriousness guarantees and various contract fulfillment bonds (construction contracts, services contracts, supplies contracts, and customs obligations).

Differentiator

Problem solved

Functional benefit

Products and services

• Automotores (Vehicle Insurance) Vehicle insurance policy that indemnifies the policyholder for damages the insured vehicle suffers as a consequence of any accident, whether the vehicle is in circulation or parked, provided it is driven by the owner or by another authorized person. Targeted at individual and commercial vehicle owners.
• Todo Riesgo Construcción (All-Risk Construction Insurance) All-risk construction insurance covering the work and goods listed in the policy against material damages occurring during construction at the site, as well as damages to third parties during construction and debris removal expenses after a loss. Targeted at construction firms and project owners.
• Responsabilidad Civil para el Transportador Carretero en Viaje Internacional (CONOSUR) Civil liability insurance for international road transport carriers operating under the CONOSUR agreement that indemnifies or reimburses the insured for amounts for which they are civilly responsible for death, personal and material damages caused to passengers and non-transported third parties. Targeted at transport companies operating international routes.
• Seguro de Accidentes Personales (Personal Accident Insurance) Personal accident insurance that indemnifies for bodily injuries arising from accidents, whether at work or in private life. Covered risks include death by accident, total and/or partial permanent disability, and medical expenses from accidents. Targeted at working individuals and personal policyholders.
• Seriedad de Propuesta (Proposal Seriousness Guarantee) Surety bond in which the company guarantees the beneficiary the seriousness and maintenance of the offeror's obligations, with liability limited to the insured amount stated in the policy. Targeted at contractors and suppliers submitting proposals in public and private tenders.
• Cumplimiento de Contrato de Obra (Construction Contract Fulfillment Bond) Surety bond that guarantees indemnification of damages the insured Contractor may suffer as a consequence of breach of the Construction Contract due to causes attributable to the bonded Contractor. Targeted at construction contractors and project owners.
• Cumplimiento de Contrato de Servicios (Services Contract Fulfillment Bond) Surety bond that guarantees indemnification of damages the Beneficiary Contractor may suffer as a consequence of breach of the Services Contract due to causes attributable to the bonded Contractor. Targeted at service providers and project owners.
• Cumplimiento de Contrato de Suministros (Supplies Contract Fulfillment Bond) Surety bond that guarantees indemnification of damages the Beneficiary Contractor may suffer as a consequence of breach of the Supplies Contract due to causes attributable to the bonded Contractor. Targeted at suppliers and procurement counterparties.
• Cumplimiento de Obligación Aduanera (Customs Obligation Fulfillment Bond) Surety bond that guarantees indemnification to the Beneficiary for payment of customs duties and economic sanctions arising from breach of customs obligations applicable to transported goods. Targeted at importers, carriers, and customs operators.

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Royal Insurance Co. Ltd.OthersRoyal Insurance Co. Ltd., the most important insurance company in England, established an agency in Bolivia in 1923. In 1979, due to regulatory requirements from the Superintendencia Nacional de Seguros y Reaseguros and Decision 24 of the Andean Pact, Royal Insurance Co. Ltd. transformed into what is now Seguros Illimani S.A. This historical lineage established the company's foundation in the Bolivian insurance market.

Scale indicators1 record

Recent moves5 records

Expansion highlights1 record

Direct peers

• Alianza Seguros y Reaseguros: Alianza Seguros is a Bolivian insurance carrier providing automotive, personal accident, and surety products under APS regulation — a like-for-like competitor for Seguros Illimani's auto and contract-bond books of business.
• Crediseguro Seguros y Reaseguros: Crediseguro is a Bolivian insurer focused on surety, credit, and commercial P&C lines — overlapping with Seguros Illimani's strong surety bond book while operating under the same APS regulatory framework.
• BISA Seguros y Reaseguros: BISA Seguros is a Bolivian P&C insurer affiliated with Grupo BISA, offering motor, construction, personal accident, and surety lines across Bolivia — directly comparable to Seguros Illimani in product mix and Bolivian market scope.
• La Boliviana Ciacruz Seguros: La Boliviana Ciacruz is one of the largest and longest-established Bolivian insurance carriers, offering motor, accident, surety, and commercial lines under APS regulation — directly comparable to Seguros Illimani's product breadth and domestic-only P&C focus.
• Nacional Seguros y Reaseguros: Nacional Seguros is a Bolivian P&C insurer underwriting motor, accident, and commercial lines domestically — comparable to Seguros Illimani in market footprint, product categories, and regulatory regime.

Broad incumbents

• Zurich Seguros Bolivia: Zurich operates in Bolivia offering P&C, surety, and corporate lines through its global network — competes with Seguros Illimani in commercial and motor segments but with greater capital strength, reinsurance access, and multi-country capability.
• SURA Seguros: SURA is a Latin American insurance group with presence across Andean markets offering P&C, life, and surety lines — a broader regional incumbent whose Bolivian operations overlap with Seguros Illimani's product set but at much greater scale.
• Liberty Seguros Bolivia: Liberty Seguros operates in Bolivia underwriting personal and commercial P&C lines — comparable to Seguros Illimani's auto and accident books but benefits from Liberty's global reinsurance capacity and broader Latin American footprint.
• Mapfre Bolivia: Mapfre operates a Bolivian subsidiary offering auto, accident, surety, and life/health lines through a multinational distribution network — a broader incumbent that competes with Seguros Illimani in the same product categories but with substantially deeper capital and a wider regional portfolio.

Regional players

• Pacífico Seguros: Pacífico Seguros is a leading Peruvian/Andean P&C, life, and surety carrier that, while not domiciled in Bolivia, serves as a regional comparable for underwriting specialization in construction all-risk and contract bonds — relevant for benchmarking Seguros Illimani's surety and construction lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

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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 SEGUROS ILLIMANI S.A.