History

Act No. 66 of June 16, 1921, created an Insurance Bureau withing the Department of Finance and appointed the Treasurer of Puerto Rico as Superintendent of Insurance ex officio. Later, in May of 1928, the position of Superintendent of Insurance was created in the Department of Finance, whose first incumbent was Mr. Augusto R. Soltero. Upon approval of the Puerto Rico Insurance Code, Act No. 77 of June 19, 1957, the position of Puerto Rico Insurance Commissioner and the Office he heads were created. Vision To lead the development of an insurance industry of excellence, competitiveness, solvency and global strength focused on protecting the public interest and promoting the economic well-being of Puerto Rico.

Mission

To be an advanced regulatory institution for the insurance industry in Puerto Rico that is distinguished by its effectiveness, efficiency, integrity, excellence and commitment to serving our regulators and the general public.

Vision

Protect policyholders and insurance claimants to ensure that their rights are safeguarded within a regulatory framework that promotes a reliable, competitive and financially sustainable market.

Values

  • Integrity - To operate ethically and honestly, treating people with dignity and respect.
  • Dedication - Commitment to advancing institutional objectives, seeking professional growth and being receptive to change.
  • Accountability -Open communication, particularly in the work environment, and taking responsibility for the duties and functions of your position.
  • Teamwork -Foster a diverse and inclusive environment to lead, support, motivate and achieve institutional objectives.
  • Innovation -Promote a culture of creativity and problem solving by evaluating new ideas, processes and technologies.