Rimac, one of Peru's oldest insurance companies, celebrated its 130th anniversary by ringing the ceremonial bell at the Bolsa de Valores de Lima, the Lima Stock Exchange, marking a history closely tied to the development of Peru's capital markets.
The company was the first insurer and one of the first private companies to join Peru's securities market, and it remains listed there today as part of the MSCI nuam Peru General index. Rimac says it is now working to combine that long track record with new tools to face changes affecting the insurance sector.
Mario Potesta, chief executive of Rimac, said reaching 130 years reflected the company's solidity and lasting commitment to Peru, as well as its ability to adapt, innovate and respond with resilience to the challenges of each era.
Potesta said the company had taken part in different stages of development of both the insurance industry and the country. He said Rimac had been a pioneer at various points in its industry and had accompanied the country's development, calling it an enormous responsibility that the company takes on with commitment and that pushes it to keep building the future with optimism.
Focus on new risks and technology
The anniversary coincides with a period in which Rimac is seeking to speed up the development of health and wellbeing solutions by incorporating artificial intelligence tools.
Technology also forms part of its strategy for anticipating risks linked to climate change and natural phenomena. As part of this effort, the company operates a Monitoring Center, which it presents as the first of its kind run by an insurer in Peru and Latin America.
From this center, Rimac provides information and tools to different regions of the country with the aim of helping prevent risks and protect people and communities. The initiative also aims to help businesses prepare better for events such as the El Nino phenomenon and strengthen their resilience and productivity.
A milestone for Peru's capital markets
For the Lima Stock Exchange, Rimac's history also reflects the role private companies have played in building Peru's local capital market.
Miguel Angel Zapatero, general manager of the Bolsa de Valores de Lima and corporate manager of Clients and Business at nuam, said Rimac's 130 years were also part of Peru's business and financial history. He said it was very significant for the exchange to mark this anniversary and recognize a company that continues to evolve and strengthen its presence in the market.
The Bolsa de Valores de Lima is Peru's main stock exchange and forms part of nuam, the integrated market platform that also links exchanges in Chile and Colombia.
Rimac's anniversary marks more than a century of operations and the continuity of its relationship with Peru's capital market, as the company works to respond to a landscape shaped by new risks, climate change, data and artificial intelligence.
