Mutual de Seguridad

Mutual de Seguridad is a Chilean company with the slogan "En Mutual de Seguridad CChC queremos un Chile protegido, que avance con seguridad fomentando una cultura preventiva." Founded in 1966 by the Chilean Chamber of Construction (Cámara Chilena de la Construcción), Mutual de Seguridad was established in response to the challenging situation faced by workers and their families following workplace accidents, which resulted in significant social and economic costs for the country. Initially conceived as a voluntary insurance scheme, the institution evolved with the enactment of the Ley 16.744 in February 1968, which made accident and illness insurance mandatory, specifying clear benefits for workers. Having grown significantly over its more than 30 years of operation, the company operates in the insurance, insurtech, and life insurance sectors. In addition to Mutual de Seguridad, the market features two other mutual insurance companies: Asociación Chilena de Seguridad (ACHS), initiated by the Society for Industrial Development (Sociedad de Fomento Fabril, SOFOFA), and Instituto de Seguridad del Trabajo (IST), established by the Association of Industrialists of Valparaíso and Aconcagua. As of now, specific details about the company's latest investment, including the amount and investors involved, are not available. However, Mutual de Seguridad's continued presence and impact in the insurance industry reflects its commitment to providing a safer and more secure environment for workers and the community at large in Chile.