FOMAG
FOMAG is a Colombian government-mandated social security fund providing health insurance, pension administration, and severance pay services to over 800,000 public school teachers and beneficiaries, administered by Fiduprevisora S.A. since 1990.
- Company typePrivate
- Founded1989
- HeadquartersBogotá, Colombia
- Headcount—
- GTM typeB2C
- OfferingServices
What FOMAG does
FOMAG (Fondo Nacional de Prestaciones Sociales del Magisterio) is a Colombian government-mandated social security fund created by Law 91 of 1989 to administer comprehensive social benefits for national and nationalized public school teachers. Operating as a special national account (cuenta especial de la Nación) without legal personality, FOMAG serves over 800,000 teachers and beneficiaries across Colombia, providing health insurance, pension administration, severance pay (cesantías) management, disability and incapacity benefits, and death insurance. Affiliation is automatic upon joining the public teaching profession, with mandatory contributions from both teachers and the Colombian government.
The fund operates a multi-channel digital and physical service infrastructure administered by Fiduprevisora S.A. under Fiduciary Mercantile Contract No. 83 of June 21, 1990. Core technology assets include the HORUS (SUIM-HORUS) health management information system for processing service requests, incapacities, and provider coordination; the FOMAG Móvil mobile application for iOS and Android enabling self-service benefits access; the FOMAG Zona Privada online portal; the Humano platform used by Education Secretariats for teacher affiliation management; and integrations with Colombian payment systems (PSE, eCollect), government procurement (SECOP II), and communication channels (WhatsApp Business, web chat). Service delivery is supported by 34+ regional offices across all Colombian departments, a national call center, and dedicated health service lines.
FOMAG does not operate a commercial pricing model; instead, it functions as a statutory social benefits administrator funded through mandatory teacher and government contributions under Colombian law. Governance rests with a Directive Council chaired by the Minister of Education, with representation from the Ministries of Finance and Labor and two teacher representatives. In December 2024, the Directive Council approved Acuerdo 03 de 2024 establishing a new health model (Modelo de Salud del Magisterio) to restructure health service delivery for affiliated teachers, marking the most significant operational modernization in the fund's recent history.
FOMAG firmographics
Firmographics- Name
- FOMAG
- Legal name
- Fondo Nacional de Prestaciones Sociales del Magisterio
- Website
- https://fomag.gov.co
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Short description
- FOMAG is a Colombian government-mandated social security fund providing health insurance, pension administration, and severance pay services to over 800,000 public school teachers and beneficiaries, administered by Fiduprevisora S.A. since 1990.
- Ownership category
- akta.pro rank
FOMAG industry classification
Industry- Product category
- Government Social Security Fund
- NAICS
- Insurance and Employee Benefit Funds (5251), Health and Welfare Funds (525120), Pension Funds (525110)
- SIC
- Hospital & Medical Service Plans (6324), Services-Social Services (8300)
- akta.pro primary industry
- Employee Benefit & Retirement Plan Trust Services (FSAAANAC)
- akta.pro secondary industries
- Fiduciary Agency & Trustee-for-Hire Services (FSAAANAL), Student Refunds & Disbursements (Including Title IV Credit Balances) (EDALAJAF)
Keywords
Where FOMAG is headquartered
LocationHeadquarters
- HQ city
- Bogotá
- HQ country
- Colombia
- HQ region
- Latin America
Offices35 records
Markets served
FOMAG business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Teacher Pension Contributions: Mandatory contributions from active teachers and the Colombian government for pension and social benefits administration. Sources include employer contributions, teacher contributions, and additional government contributions.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
FOMAG product offering
Product offeringCore offering
FOMAG administers mandatory social security benefits for Colombian public school teachers, including health insurance, pension administration, severance pay (cesantías) management, disability/incapacity benefits, and death insurance. The fund operates a unified system through Fiduprevisora S.A. as fiduciary administrator, serving over 800,000 active and retired teachers nationwide through 34+ regional offices and digital platforms (HORUS, FOMAG Móvil, FOMAG Zona Privada). Services are provided to affiliated teachers as a statutory right under Law 91 of 1989.
Product overview
FOMAG (Fondo Nacional de Prestaciones Sociales del Magisterio) is a Colombian government social welfare fund for teachers that provides a unified platform of health insurance, pension, and severance benefits. The organization operates primarily through its digital platforms including the FOMAG Móvil mobile application and the HORUS health management system, administered by Fiduprevisora S.A. Key services include health coverage, pension management, severance payments (cesantías), disability benefits (incapacidades), assistance benefits (auxilios), and death insurance. The fund serves over 800,000 active and retired teachers across Colombia through a network of regional offices and digital service channels.
Differentiator
Problem solved
Functional benefit
Products and services
- Health Insurance and Modelo de Salud del Magisterio Comprehensive health insurance coverage for Colombian public school teachers and their beneficiaries, structured under the new Modelo de Salud del Magisterio. Includes nationwide provider network coordination, medicine network access, and health service request processing via the HORUS system.
- Pension Administration Pension fund administration for active and retired Colombian public school teachers, including contribution collection, pension calculation, monthly pension disbursements to retirees, and statement access via FOMAG Zona Privada.
- Severance Pay (Cesantías) Management Administration of severance pay (cesantías) and interest on severance pay for Colombian public school teachers, including accrual tracking and disbursement processing.
- Disability and Incapacity Benefits Administration of disability and incapacity benefits (incapacidades y auxilios) for Colombian public school teachers, including request processing, medical provider coordination, and benefit disbursement.
- Death Insurance (Seguro por Muerte) Death insurance benefit payment to designated beneficiaries of deceased Colombian public school teachers.
- FOMAG Móvil Mobile Application
- HORUS Health Management System (SUIM-HORUS) Health management information system for processing health service requests, managing incapacities, and coordinating medical providers for the Colombian teacher population. Includes web access and WhatsApp integration.
- FOMAG Zona Privada (Online Portal) Secure online portal enabling Colombian public school teachers to access certificates, payment information, and manage their FOMAG benefits remotely.
Companies that use FOMAG
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
FOMAG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature3 records
FOMAG partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Fiduprevisora S.A.coreFiduprevisora S.A. is the sole fiduciary administrator of FOMAG, managing all fund resources under Contract No. 83 of June 21, 1990. As a state-owned mixed-economy company (economía mixta) with over 90% government ownership, Fiduprevisora handles administration, investment, and distribution of FOMAG resources. Fiduprevisora also provides customer service, operates the call center, and manages the FOMAG Zona Privada online platform.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
FOMAG competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights6 records
Customer concentration
FOMAG social profiles
Digital presenceFOMAG financial estimates
Financial estimateRevenue estimate
Valuation estimate
FOMAG leadership team
Management profileNumber of profiles
Profiles5 records
FOMAG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FOMAG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FOMAG
What does FOMAG do?
FOMAG administers mandatory social security benefits for Colombian public school teachers, including health insurance, pension administration, severance pay (cesantías) management, disability/incapacity benefits, and death insurance. The fund operates a unified system through Fiduprevisora S.A. as fiduciary administrator, serving over 800,000 active and retired teachers nationwide through 34+ regional offices and digital platforms (HORUS, FOMAG Móvil, FOMAG Zona Privada). Services are provided to affiliated teachers as a statutory right under Law 91 of 1989.
Is FOMAG a public or private company?
FOMAG is a private company. It is classified as state government owned and is currently operating.
When was FOMAG founded?
FOMAG was founded in 1989.
Where is FOMAG based?
FOMAG is headquartered in Bogotá, Colombia, in the Latin America region.
How does FOMAG make money?
One revenue line is on record: teacher Pension Contributions.
Does FOMAG have an API?
No public API is recorded for FOMAG.
What industry is FOMAG in?
FOMAG's product category is Government Social Security Fund. Its primary akta.pro industry code is FSAAANAC, Employee Benefit & Retirement Plan Trust Services, with a secondary code of FSAAANAL, Fiduciary Agency & Trustee-for-Hire Services. Its NAICS code is 5251 and its SIC code is 6324.