The company indicated that clients will not have variations in the service they have maintained so far with both firms.
Equinoccial Insurance merged with Equivida Insurance to form a “robust and complete” insurance firm with national coverage. The process began in July and ended this month with the corresponding legal registration, he said. Andrés Cordovez, general manager of Seguros Equinoccial.
With the merger, which has the backing of the Future Group, a broad insurance portfolio will be addressed that includes corporate insurance, life insurance, vehicle insurance, pet insurance, home insurance, SME insurance, education, sports, finance, among others.
Cordovez explained that, 27 years ago, the decision was made to spin off the life insurance branch so that it can become independent and achieve specialization.
However, with the change in consumer demand in the last five years, the idea of including this branch of the insurance sector was taken up again and complement Equinoctial.
Insurance sector still lives havoc by COVID-19 claims and delay in public procurement
“After five months, the merger was finally concluded before the end of the year for offer a globality in a single product”Said the manager of Equinoccial, who added that there are at least 3 million clients that the firm groups together.
The owner of the insurer explained that of this value offer, customers who today have an insurance contract with Equivida with Seguros Equinoccial they will maintain the same conditions and benefits originally contemplated, without any modification. In fact, the service channels remain the same so as not to affect the client portfolio, Cordovez said.
Equinoccial Insurance It has been characterized by its culture of innovation and disruption when providing agile and efficient services. Its vision of putting the client at the center of the business and increasing their experience through digital transformation has led the company to be a benchmark in the insurance sector with a presence in major cities throughout the country, said the executive.
For its part, Equivida has a long history and specialization in the life insurance industry. His knowledge today gives Seguros Equinoccial the potential to provide a comprehensive and differentiated service. In addition, it gives a positive outlook to start 2022, added Cordovez.
According to Federation of Insurance Companies (Fedeseg), until September, the sale of premiums totaled $ 1,224 million, 2.6% less than the same period of 2020, when the health crisis.
Among the segments that maintain growth are collective life Y medical assistance. (I)
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