1973
Founding
BMI is born
Tony M. Sierra founds Business Men's Insurance Corp. as an insurance agency.
Why BMI?
27
+630K
149%
2
International support
Part of BMI Financial Group
BMI Financial Group provides life and health protection in Latin America and global markets, with underwritten business in more than 130 countries, 21 companies and headquarters in Miami.
A family-managed company
As a privately held, family-managed company, BMI prioritizes long-term stability, manages capital prudently and pursues disciplined, intentional growth.
01
Track record
27 years in Ecuador as a subsidiary of BMI Financial Group.
02
Global presence
BMI maintains an expansion strategy with offices in the United States, Ecuador, the Dominican Republic, Costa Rica, Guatemala, the Cayman Islands and Colombia, and representation in Venezuela, China and Taiwan.
03
Services
A broad portfolio of products with efficient health care solutions and life insurance for our clients.
04
Prestige
Respected in the international and national markets: we are synonymous with quality, trust, strength, high performance and exceptional service.
05
Trust
More than 630,000 clients in Ecuador and 149% growth over the last 5 years.
06
Financial strength
Strong capacity to meet our commitments to our clients and our contractual obligations.
"People often say: It's nothing personal, it's just business. For us it is personal, because it represents our family's reputation, and we take that responsibility with the utmost seriousness."Anthony Sierra — Chief Executive Officer and Chairman of the Board of Directors of BMI Financial Group
BMI Group track record
More than five decades of growth, resilience and innovation, built on the trust and values of a family company. BMI del Ecuador has operated as part of this group since 1997.
A multigenerational family business
BMI del Ecuador continues to be backed by BMI Financial Group and by the leadership of the second and third generations of the Sierra family, with the strength of a track record that keeps growing.
The backing of BMI Financial Group
+130
+1.000
21
12
Ratings and Recognitions
Over the years, BMI has received multiple awards from media outlets and independent rating companies that are recognized and respected in the international insurance market.
EKOS
For three consecutive years, BMI Igualas Médicas del Ecuador S.A. has ranked 1st in the Top Brand for Executives in the Health Insurance and Prepaid Medicine Sector.
PWC
BMI Igualas Médicas del Ecuador S.A. was ranked 5th (2020) as the most respected company in the Health category, awarded by the consulting firm PricewaterhouseCoopers.
VISTAZO
For several consecutive years, BMI Igualas Médicas del Ecuador S.A. has been included in the ranking of the 500 Largest Companies in Ecuador published by Vistazo magazine.
EKOS
BMI has received first place in the People's Choice Awards - Perception of Service Quality by Ekos magazine, in the prepaid medicine category, for being a brand that listens to the voice of the customer and offers the highest quality service.
EKOS
BMI received 1st place on Instagram under the Power Digital Brands methodology, which recognizes the most outstanding brands for their presence, effectiveness and management on the Facebook and Instagram social networks.
Praxis Human Xperience 2023
PXI Ecuador 2023 Ranking – the result of a study that analyzes three dimensions of experience interaction: effectiveness, ease and emotion. BMI received 1st place in the health insurance category. It also received 3rd place in the Ecuador General Ranking.
Praxis Human Xperience 2024
For the second consecutive year, BMI won 1st place in the PXI Ecuador 2024 Ranking in the Health Insurance category, and 3rd place in the Overall Ranking for Ecuador.
Pacific Credit Rating
BMI Igualas Médicas del Ecuador S.A. received an AAA- rating (the second-highest rating on the scale) following the analysis of financial information carried out by the rating agency Pacific Credit Rating (PCR).
Pacific Credit Rating
BMI del Ecuador Compañía de Seguros de Vida S.A. received an AA rating (higher than the previous year's rating), which distinguishes it as a very financially sound company, following the analysis of financial information carried out by the rating agency Pacific Credit Rating (PCR).
BMI Familia