SulAmérica is the second largest Brazilian insurance company with more than 7 million customers. The company was founded in 1895 and is controlled by the Larragoiti Family.

History

In January 2019, SulAmérica installed vending machines selling travel insurance in the

São Paulo–Guarulhos International Airport SAO or Sao may refer to: Places * Sao civilisation, in Middle Africa from 6th century BC to 16th century AD * Sao, a town in Boussé Department, Burkina Faso * Saco Transportation Center (station code SAO), a train station in Saco, Maine, U. ...

. In August 2019, SulAmérica Seguros sold its automobile insurance operations to Allianz for R$3 billion.

Description

The company operates in the life insurance,

health Health, according to the World Health Organization, is "a state of complete physical, mental and social well-being and not merely the absence of disease and infirmity".World Health Organization. (2006)''Constitution of the World Health Organiza ...

, automobiles, and other balance-sheet. The company's businesses are conducted through a broad and diversified distribution network, included more than 29,000 active

broker A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...

employers Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any oth ...

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...

s and

strategic alliance A strategic alliance (also see strategic partnership) is an agreement between two or more parties to pursue a set of agreed upon objectives needed while remaining independent organizations. The alliance is a cooperation or collaboration which aims ...

s to sell its products with major financial institutions operating in Brazil, such as BV Financeira, HSBC,

Santander Santander may refer to: Places * Santander, Spain, a port city and capital of the autonomous community of Cantabria, Spain * Santander Department, a department of Colombia * Santander State, former state of Colombia * Santander de Quilichao, a m ...

and

Banco Safra Banco Safra is a Brazilian financial services company headquartered in São Paulo, Brazil. It is the seventh largest banking institution in Brazil, and the nineteenth largest in Latin America. It provides services in investment banking, priva ...

References

Financial services companies of Brazil Companies based in Rio de Janeiro (state) Companies listed on B3 (stock exchange) Financial services companies established in 1895 Insurance companies of Brazil 1895 establishments in Brazil {{Brazil-company-stub