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Private company

Banco de Seguros del Estado

Logo: Banco de Seguros del Estado (Uruguay), Public domain, via Wikimedia Commons4

Uruguayan state-owned insurance company based in Centro1

The State Insurance Bank (Spanish: Banco de Seguros del Estado, acronym BSE) is a Uruguayan government-owned insurance company that provides insurance in Uruguay. Established on 27 December 1911, it operates under the Ministry of Economy and Finance, and is controlled by the Court of Accounts and the Central Bank. It is an Autonomous State Entity with commercial and social purposes, as a state-owned enterprise with high decentralization.2 It was founded by José Batlle y Ordóñez.1 It employed 2,630 people in 2023.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

Dec 27, 1911Founded1
  • Industryinsurance1
  • HeadquartersCentro1
  • Websitewww.bse.com.uy
  • Legal formAutonomous state entities1
  • LEI254900PSNKJJUTA92J513
  • StatusActive3
  • LEI statusLapsed (not renewed)3
  • Registered addressMercedes 1051, 11100 Montevideo, Uruguay3
  • Registered withSuperintendence of Financial Services (Central Bank of Uruguay), 9573

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BSE sobre Av.Libertador
Photo: Ysidoro, CC BY-SA 3.0, via Wikimedia Commons6

The State Insurance Bank (Spanish: Banco de Seguros del Estado, acronym BSE) is a Uruguayan government-owned insurance company that provides insurance in Uruguay. Established on 27 December 1911, it operates under the Ministry of Economy and Finance, and is controlled by the Court of Accounts and the Central Bank. It is an Autonomous State Entity with commercial and social purposes, as a state-owned enterprise with high decentralization.2

Corporate structure

Banco de Seguros del Estado sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Banco de Seguros del Estado Montevideo, Uruguay

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Founded by José Batlle y Ordóñez on Dec 27, 1911.1

The State Insurance Bank was created on December 27, 1911, by Law No. 3,935, within the framework of the statist reforms carried out by President José Batlle y Ordoñez. The objective of the nationalization was that the profits from the market would remain in the country, since none of the insurance companies that operated in the territory were Uruguayan.

In 1951, the Sanatorium of the State Insurance Bank was inaugurated, a public hospital center dependent on the entity, and dedicated to the direct attention to work-related accidents and illnesses. In 2018, a new building located in barrio Bolívar was inaugurated. The hospital's medical care is nationwide, specializing in the treatment of amputated limbs, spinal cord injuries, severe multiple injuries, and traumatic brain injuries.

In 1993, through Law No. 16,426 insurances were demonopolized —except in the case of workplace accidents—, and a process of deregulation began in a market open to access by foreign companies.

From Wikipedia’s article on Banco de Seguros del Estado, shared under CC BY-SA 4.0.5

Leadership

Who has led Banco de Seguros del Estado, and when. Pick a name to see everywhere that person has worked.

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Employees over time

  • 20232,6301

Timeline

  1. Dec 27, 1911Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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