The Business Year

Carlos Sánchez

COLOMBIA - Finance

Carlos Sánchez

President, BMI Seguros Colombia


Carlos Sánchez has a specialization in business administration from Universidad del Rosario, and studied marketing at Politécnico Grancolombiano and has other studies from Pontificia Universidad Javeriana and Universidad de Burgos. His 18-year career has seen him work in multinationals leading firms in the sector such as Liberty, Generali, Willis Towers, and Watson, as well as serving as VP of business development for Metlife Colombia.

With a team of more than 800 sales advisors in 15 cities in the country, BMI Seguros Colombia strengthened its external sales channel nationwide and grew over 100% YoY in 2021.

How do you evaluate BMI Seguros Colombia’s growth, and what is the current focus of business?

The company has had a positive growth trajectory; we had an excellent performance in sales in 2021, growing by 157% in individual life compared to 2020 and 99% in health, and we closed the year with growth of 108%. As a result of COVID-19, people became more aware of the importance of insurance, which was a key factor in this growth process. We provide protection to our policyholders through our broad portfolio of life and individual health insurance. We also offer group insurance solutions that allow us to meet the protection needs of employers and incorporate them into their employee benefit programs.

What has been your strategy to capitalize on market interest within the segment of life and health?

We have focused our efforts on strengthening our external sales channel nationwide, and we expanded into more than 15 primary and intermediate cities with a team of more than 800 sales advisors. The expertise of this team in providing excellent advice on life and health to our clients has guaranteed the effectiveness of our services. In terms of service and innovation, we have developed life and health products that meet the protection needs of the current market; for example, in life policies, we have term and universal products and riders such as return of premiums, total and permanent disability, and accidental death, among others, which allow us to guarantee surrender values and financial security for the insured and their beneficiaries. Regarding health policies, our individual products offer medical treatment worldwide and free choice of medical networks abroad and locally. In Colombia, additionally, we do not apply deductibles for services ranging from home consultations, telemedicine, diagnostic services, therapies, emergencies, scheduled hospital services, maternity, complications, and care services that guarantee the tranquility of our insured, to whom we offer our exclusive BMI Access Service, where a medical coordinator assists them 24 hours a day in the coordination of all benefits.

What is the strategic importance of BMI’s network of health partners, and why is service a core pillar of BMI’s value proposition?

We currently have more than 760 providers of high-quality medical services nationwide and access to more than 3,350 health services and specialties, including clinical laboratories, diagnostic aids, hospitalization, surgery, prescription medicine, physical therapy, and other services that complement the coverage at the national and international level. The strengthening of our medical network allows our members to access high-quality health benefits with timely care anywhere in the world, guaranteeing their peace of mind and that of their families at any time.

How does BMI approach health through prevention and what are the advantages for users?

Currently, our policyholders have access to our online platform, BMI en Línea, a technological tool that allows us to provide webinars and content of interest related to the care and preventative care solutions of both, physical and mental health for our clients, advisors, and employees. Additionally, our health policyholders have access to different preventive medical services such as outpatient services that can be accessed without deductible in Colombia, such as home medical visits, telemedicine, medical consultations, among other services within their needs.

Where would you like to see BMI Seguros Colombia in the mid- and long-term future?

Today, we start from an approximate base of 77,000 customers, and in 2022 we want to reach up to 120,000 users, focusing on the development of new products and strengthening technological developments. In order to achieve our goals, we have implemented individual and group segments and a massive affinity line. Additionally, we must continue to position the company in the country, strengthening and exploring its presence in the intermediate cities. 



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