Insurance companies in Uruguay, Seguros Uruguay

Uruguay has a good and effective Insurance sector. After the liberalization of the industry in 1993, which ended the
monopoly of state insurer Banco de Seguros del Estado (BSE), several
private insurance companies entered the industry, with a total of 16
registered companies at the end of 2012. The industry is highly
competitive; BSE still accounted for 69.3% of the total gross written