Triple-S Vida enters Florida, Texas markets with life and cancer insurance
November 24, 2020
Triple-S Vida announced its entry into the Florida and Texas markets to offer its cancer and life insurance products and “position itself as an affordable and reliable option for consumers seeking economic protection against life’s events.” “These two markets offer us access to broad Hispanic populations, as well as an introduction to other consumers. We’re […]
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MCS Classicare Te Paga exceeds 1M transactions in October
November 17, 2020
Healthcare insurance provider MCS announced that its MCS Classicare Te Paga card, La Original, exceeded 1 million transactions in October, almost a year after it was implemented. The company is marking the milestone because, it said that through this benefit, it has “contributed to improving the quality of life of more than 125,000 of its […]
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MCS invests $60M to improve chronic conditions for 121K+ members in Puerto Rico
October 2, 2020
Medical Card System Inc. announced it has invested some $60 million through Oct. 1 to help improve the social determinants that affect the chronic conditions of more than 121,000 of its members. The investment includes $16 million for its “MCS Classicare Te Paga Card-The Original” initiative. The benefits of the card, which is approved by […]
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Aon study reveals property insurance rates remain on the rise
August 20, 2020
A report released by professional services firm Aon plc, confirmed that during the first quarter of this year, the property insurance market reflected a trend of rising rates and more cautious underwriting by most insurers. The first quarter of 2020 represented the 10th consecutive period of increases in property rates, according to the “2020 Property […]
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Popular sells Caparra Center building to Triple-S for undisclosed amount
June 22, 2020
Popular Inc. has sold a 180,000-square-foot building, known as Caparra Center, to Triple-S Management Corporation through a private deal that keeps the price tag under seal. “We’re viewing this transaction as a private one. However, the acquisition of this 180,000-square-foot building will allow us to have the additional space to respond to our growth in […]
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Triple-S Vida acquires USIC Life portfolio of insurance policies
June 5, 2020
Triple-S Vida, a subsidiary of the Triple-S Group, announced its acquisition of United Surety & Indemnity Co.’s (USIC) portfolio of cancer, life and Temporary Non-Occupational Disability Insurance (Sinot, in Spanish) policies to expand its offer in Puerto Rico’s life insurance market. “We saw the opportunity to grow our portfolio with this acquisition that includes more […]
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Puerto Rico insurers ‘ready’ for hurricane season
June 3, 2020
Insurance providers grouped under the Puerto Rico Association of Insurance Companies (ACODESE, in Spanish) have their different contingency plans ready to deal with any emergency that arises during the hurricane season that began June 1, the Association’s Executive Director Iraelia Pernas said. Pernas said that as part of the preparation process, and as a result […]
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Triple-S reports $896.4M in 1Q20 operating revenue
May 11, 2020
Insurance provider Triple-S reported $896.4 million in total operating revenues for the first quarter of 2020, a 13.8% increase from the prior year, company CEO Bobby García said. The company recorded adjusted net income of $17.7 million or $0.75 per diluted share, in line with the same quarter last year, he said. “Overall, we’re pleased […]
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Triple-S launches mobile app for prescriptions home delivery
March 26, 2020
Triple-S Salud announced the launch of “Triple-S at Home,” a platform that allows members of its commercial and Medicare Advantage plans to order, manage and schedule home delivery of their prescription drugs through a mobile application. The launch moved ahead of schedule in response to the COVID-19 outbreak to give members an additional option to […]
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Insurers Seguros Múltiples, MAPFRE offer online options during lockdown
March 17, 2020
Insurance companies Cooperativa de Seguros Múltiples and MAPFRE announced actions to ensure continuity of their services. Cooperativa de Seguros Múltiples confirmed that clients needing services should contact the company through TeleSeguros Múltiples, its mobile application, its website or on Facebook. “Our commitment is to our employees and policyholders, so we’re join the government’s call for […]
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Triple-S Management Corp. has received 45 earthquake-related claims
March 2, 2020
Triple-S Management Corp. has received 45 earthquake-related claims and expects losses of approximately $8.5 million to its property and casualty line of business, company CEO Bobby García confirmed upon revealing the latest quarterly results. In a call with analysts to discuss the fourth quarter results, García said the numbers for its Triple-S Propiedad division breaks […]
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MCS invests $1M+ to promote health, wellness islandwide
September 6, 2019
MCS is launching its “Tu Ruta al Bienestar” program with an investment of more than $1 million, expanding its role in community locations throughout the island to offer activities and experiences aimed at promoting health and wellness for the elderly. The initiative arises through an alliance with community-based organizations in Puerto Rico, including the YMCA, […]
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Triple-S focusing on causes that impact health in P.R.
April 12, 2019
As it marks its 60th anniversay, Triple-S announced its support for two causes that influence social factors that have a significant impact on health in Puerto Rico. “Social determinants of health include a wide range of issues. To be more effective, we have chosen to focus on access to healthy food and emotional wellbeing,” said Triple-S […]
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MCS executives join industry experts in ’19 P.R. Health Insurance conference April 5
April 4, 2019
MCS executives will join industry experts in the 2019 Puerto Rico Health Insurance Conference on April 5 to discuss from the private sector’s perspective some of the most controversial challenges impacting the industry, and how they can be addressed, organizers announced. In response to the many challenges stemming from current federal underfunding policies, the healthcare […]
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MAPFRE opens insur_space, part of its Open Innovation platform
November 28, 2018
The company confirmed that insur_space is one of the pillars of the MAPFRE Open Innovation platform.
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