Peru’s largest insurance provider RIMAC (Rimac Seguros y Reaseguros), part of the Grupo BRECA conglomerate, is the latest insurance firm to become a member of MAXIS Global Benefits Network. RIMAC will provide medical and life cover to MAXIS GBN clients in Peru. There is a significant demand from multinationals for high quality medical provision in Peru and this new partnership will help ensure employers can offer the best possible care to their employees.
RIMAC has been the largest insurance provider in Peru for the past fourteen years and saw premium income rise to US$1.4 billion last year. It has over 4,000 business clients and offers advanced digital service capabilities, particularly through its mobile solutions. The company is recognised as a technological innovator, being the first to launch a smartphone app and online chatbot (TOBI) in the Peruvian insurance market.
MAXIS GBN, co-founded by MetLife and AXA, is one of the world’s largest employee benefits networks, working in partnership with 500 multinational clients and over 40 captives to deliver market leading services and solutions. With approximately 140 local insurance carriers with specialist capabilities in over 120 markets, the MAXIS network covers over 3.2 million employees worldwide. MAXIS GBN combines world-class underwriting capabilities with technological innovation to deliver global employee benefits solutions, helping multinationals care for their staff and meet their strategic business goals.
Gabriel Garcia, International Business Manager, RIMAC, commented: “In the employee benefits market, we are known for our strong product suite and underwriting capabilities, dedicated local teams and the competitive nature of our offering. Partnering with MAXIS GBN will allow us to further enhance our capabilities and help care for the health and wellness of employees of some of the largest multinationals operating in Peru.”
Matthew Richards, Director of Member Management, MAXIS GBN, said: “We are absolutely delighted to welcome RIMAC to the MAXIS network. There’s great demand for top quality medical coverage in Peru and we are delighted that we can now work with RIMAC to offer this service to our multinational clients in the country. We are an ideal cultural fit, as we both have a dedicated focus on investing in innovation, expanding and evolving our digital solutions to support our clients. Combining our global capabilities with RIMAC’s specialist knowledge of the Peruvian market is a winning formula.”