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.[4][5] 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.[6]
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.[7]
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.[8] In 2018, a new building located in barrioBolívar was inaugurated.[9] The hospital's medical care is nationwide, specializing in the treatment of amputated limbs, spinal cord injuries, severe multiple injuries, and traumatic brain injuries.
Headquarters
The main offices of the Bank are located in the building located at the intersection of Libertador Avenue and Mercedes Street. Designed by Ítalo Dighiero and Beltrán Arbeleche in a modernist style, it was inaugurated in 1940.[10]
_Hospital_01.jpg){kind=link}