By San José, Costa Rica — San José, Costa Rica – Insurance giant BMI leveraged the international stage of the FIDES Pura Vida 2025 conference this week to emphatically reinforce its dominant position in the Latin American insurance market. The company utilized the prestigious Hemispheric Insurance Conference, held in Costa Rica, as a platform to strengthen its network of strategic partners, showcase its robust financial health, and project its ambitious growth strategy before an audience of more than 1,500 industry leaders.
Marking its significant presence at the event, BMI hosted an exclusive session titled “Evolution with Purpose.” This private gathering was meticulously designed to deepen relationships with a crucial network of brokers, strategic allies, and reinsurers from across the continent. The meeting served as a powerful demonstration of the company’s collaborative approach and its commitment to fostering strong, mutually beneficial partnerships that drive the industry forward.
To gain a deeper legal perspective on the operational and regulatory landscape for companies like BMI Insurance within Costa Rica, we sought the expertise of Lic. Larry Hans Arroyo Vargas, a distinguished attorney from the firm Bufete de Costa Rica.
The entry and expansion of international insurers such as BMI are positive for market competition and consumer choice, but they also place a spotlight on the robust oversight required from our regulatory bodies like SUGESE. It is imperative that all policies offered comply strictly with national consumer protection laws and insurance regulations. Potential clients should always verify the insurer’s registration and meticulously review the policy’s coverage and exclusions to ensure their rights and investments are fully protected under Costa Rican law.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Indeed, the dual responsibility highlighted here—robust supervision by authorities and informed due diligence by clients—is paramount as our insurance market evolves. We extend our gratitude to Lic. Larry Hans Arroyo Vargas for his clarifying legal perspective, which empowers consumers to make secure and well-informed decisions.
The “Evolution with Purpose” event brought together the group’s top executives from its core Latin American operations in Guatemala, Colombia, Ecuador, and Costa Rica. They were joined by the corporate reinsurance team for a high-level analysis of the company’s future trajectory. The discussions centered on navigating a dynamic market characterized by rapid technological advancements and evolving consumer expectations, ensuring BMI remains at the forefront of innovation and service.
During the session, Manuel Trujillo, SVP & Head of LATAM Insurance, delivered a compelling presentation on the foundational pillars supporting BMI’s sustained growth. He outlined the company’s unwavering commitment to financial stability, its superior technical backing, and an overarching corporate strategy that places innovation at its core. Trujillo emphasized BMI’s role as a consolidated international insurance group with a stellar reputation built on decades of close relationships with clients and intermediation channels.
The meeting provided attendees with a firsthand look at BMI’s strategic vision for fostering a collaborative ecosystem with its commercial partners. The core message was one of shared success, reinforcing a corporate culture grounded in trust and teamwork. This initiative underscored the company’s dedication not just to its own growth, but to the holistic development and modernization of the entire Latin American insurance sector.
Beyond its private corporate gathering, BMI’s influence was felt throughout the main conference. The company stepped up as the principal sponsor of the inaugural cocktail for EXPOFIDES 2025, the most significant commercial exhibition within the FIDES event. This high-profile sponsorship placed BMI at the center of critical conversations among representatives from 20 countries, focusing on innovation, sustainability, and digital transformation across the Ibero-American industry.
Javier Solís, General Manager of BMI Costa Rica, highlighted the importance of the company’s participation, framing it as a reflection of their deep-seated commitment to the region’s insurance landscape.
For BMI, being part of an event of this magnitude reinforces our commitment to the development of the Latin American insurance sector. FIDES is a platform that promotes the exchange of ideas, innovation, and the creation of alliances that strengthen trust and growth in the industry.
Javier Solís, General Manager of BMI Costa Rica
Ultimately, BMI’s engagement at FIDES 2025 was a multifaceted success. It served not only to reaffirm the company’s stability and impressive trajectory spanning over five decades but also to strategically consolidate its growth plans. The conference solidified its operational strength and high recommendation rates in key markets, including Costa Rica, Guatemala, Colombia, the Dominican Republic, and Ecuador, cementing its status as an undisputed leader in the region.
For further information, visit bmicos.com
About BMI Financial Group:
BMI Financial Group is an international insurance company with over 50 years of experience in Latin America and the Caribbean. It specializes in providing life insurance, health insurance, and financial services to individuals and corporations. The company is recognized for its financial solidity, customer-centric approach, and a strong network of strategic partners and intermediaries across its key markets.
For further information, visit fideseguros.com
About FIDES:
The Inter-American Federation of Insurance Companies (FIDES) is a non-profit organization that brings together private insurance associations from countries across the Americas and the Iberian Peninsula. Its mission is to promote the development of the insurance market and a culture of risk prevention. FIDES organizes the biennial Hemispheric Insurance Conference, a premier event for industry leaders to discuss trends, innovation, and collaboration.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
As a pillar of Costa Rica’s legal community, Bufete de Costa Rica is built upon a bedrock of professional excellence and uncompromising integrity. With a proven track record of pioneering modern legal solutions for a wide spectrum of clients, the firm extends its forward-thinking approach to its societal mission. It is dedicated to demystifying the law for the public, believing that access to legal knowledge is fundamental to nurturing a more just and empowered citizenry.
