Akad Seguros
Akad Seguros is a Brazilian digital insurer offering business-to-business property and casualty coverage across 11 product lines, distributed exclusively through a network of 18,000+ brokers, and ranked #1 in Brazil for professional liability (E&O) insurance.
- Company typePrivate
- Founded2012
- HeadquartersSão Paulo, Brazil
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Akad Seguros does
Akad Seguros is a Brazilian digital insurance company specializing in business-to-business property and casualty (P&C) coverage, including professional liability (E&O), directors and officers (D&O), general liability, cyber, transportation, engineering, equipment, guarantee, and marine personal injury insurance. The company was formed in 2022 through the rebranding of Argo Seguros following its acquisition by a joint venture of Grupo GP (GP Investimentos) and CyberLabs, and operates from its São Paulo headquarters with an S&P brA rating. Akad distributes exclusively through a network of over 18,000 registered insurance brokers across Brazil, supported by digital infrastructure that includes an online quoting and policy issuance portal, APIs for broker system integration, an AI-powered WhatsApp service bot, Akad University training, and the AkadCast content platform.
The company monetizes primarily through insurance premiums collected across its 11 product lines, paying commissions to brokers for new policies and renewals. Approximately 81% of policies are issued automatically through digital systems, with AI/ML applied to underwriting, risk analysis, claims moderation, and broker interaction analytics. Akad serves a diversified mix of individual professionals (doctors, lawyers, accountants, dentists, and 40+ other licensed categories), small/medium/large businesses, corporate executives and directors, and transport/logistics operators — with the company's flagship D&O offering positioned at R$500k–R$25M coverage limits. Akad ranks #1 in Brazil for professional liability (E&O) since 2022, #3 for cargo transportation, and #5 for D&O, and has received SUSEP approval to enter the broader R$60 billion+ personal insurance market, with US$22.5 million in Series A capital raised in April 2024 specifically to fund this expansion and AI capability development.
Notable enterprise partnerships include MDS Group, AON Brasil, Stone (for a custom burnout-coverage product), and Innoa Seguros, while technology and operations partnerships with GaIA (AI), Critério Experts (claims adjusting), and Hubsegs/Hub2You (WhatsApp policy issuance) extend the operating model. The leadership team combines traditional insurance expertise — including CUO Rafael Fragnan with 27+ years in underwriting — with technology executives from Microsoft, Submarino, and CyberLabs, reflecting the joint venture's hybrid DNA. Gross written premiums exceeded US$180 million by end of 2023 across 300,000+ issued policies, with 200,000+ policyholders served in 2024.
Akad Seguros firmographics
Firmographics- Name
- Akad Seguros
- Legal name
- AKAD SEGUROS S.A.
- Website
- https://akadseguros.com.br
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Akad Seguros is a Brazilian digital insurer offering business-to-business property and casualty coverage across 11 product lines, distributed exclusively through a network of 18,000+ brokers, and ranked #1 in Brazil for professional liability (E&O) insurance.
- Ownership category
- akta.pro rank
Akad Seguros industry classification
Industry- Product category
- Commercial Property and Casualty Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers (5241)
- SIC
- Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Surety Insurance (6351)
- akta.pro primary industry
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)
- akta.pro secondary industries
- Professional Liability (E&O) (FSAJAGAC), Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD), Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB), Specialty & Excess/Surplus Lines (E&S) (FSAJAMAH)
Keywords
Where Akad Seguros is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
Akad Seguros business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Property & Casualty Insurance Premiums: Akad generates revenue primarily through insurance premium collection across its portfolio of property and casualty insurance products including RC Profissional, RC Executivos, RC Geral, RC Condutor, Cyber, Equipamentos, Empresarial, Engenharia, Transporte, Garantia, and DPEM. Premiums are collected through brokers with commission payouts.
- Insurance Broker Distribution Commissions: Revenue flows through a network of over 18,000 registered insurance brokers who sell and service Akad policies. The company pays broker commissions on issued policies and renewals.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | RC Profissional (E&O) - multi-tiered by profession and risk profile |
| Unit Pricing | One time/ perpetual license | RC Evento - customized per event |
| Subscription | Annual | D&O (Akad Digital) - limits from R$500k to R$25 million |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels8 records
Akad Seguros product offering
Product offeringCore offering
Akad Seguros is a Brazilian digital insurer that sells property and casualty (P&C) commercial insurance products — Professional Liability (E&O), D&O, General Liability, Driver Liability, Cyber, Equipment, Business, Engineering, Transportation, Guarantee, and Marine (DPEM) — distributed exclusively through a network of over 18,000 registered insurance brokers. The company issues roughly 81% of policies automatically via an AI/ML-powered underwriting and digital issuance platform, complemented by WhatsApp-based broker service and APIs for broker management systems.
Product overview
Akad Seguros is a Brazilian digital insurer offering a comprehensive portfolio of insurance products. The company provides multiple distinct insurance lines including Professional Liability (E&O), Executive Liability (D&O), General Liability, Driver Liability, Cyber, Equipment, Business, Engineering, Transportation, Guarantee, and Marine (DPEM) insurance. Founded in 2021 as a joint venture between Grupo GP and CyberLabs, the company rebranded from Argo Seguros and operates with an S&P Rating brA classification. Akad differentiates itself through technology-driven processes and digital distribution channels for insurance brokers.
Differentiator
Problem solved
Functional benefit
Products and services
- Responsabilidade Civil Profissional (RC Profissional / E&O) Professional liability (Errors & Omissions) insurance covering professionals such as doctors, lawyers, accountants, dentists, and over 40 other categories against claims arising from errors, omissions, or damages in the exercise of their professional activities.
- Responsabilidade Civil Executivos (D&O / Akad Digital) Directors and Officers liability insurance protecting corporate executives, leaders, and board members against claims and damages arising from corporate management decisions and governance exposure.
- Responsabilidade Civil Geral (RC Geral) General liability insurance for businesses covering damages to third parties and unforeseen events that may impact their operations.
- Responsabilidade Civil Condutor Driver liability insurance protecting motorists against damages to third parties in traffic accidents.
- Cyber Insurance Cyber risk insurance providing protection against cyber threats and attacks, safeguarding data and reputation of businesses and individuals.
- Equipamentos (Equipment Insurance) Equipment insurance protecting machines and equipment against damages, theft, accidents, and unforeseen events.
- Empresarial (Business Insurance)
Companies that use Akad Seguros
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Akad Seguros technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Akad Seguros partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered innovative, core, major, significant, technology and operational.
- StoneinnovativeAkad partnered with fintech Stone to launch an unprecedented insurance product in Brazil with burnout coverage. This was a custom-developed product for Stone's entrepreneur customer base, marking Akad's entry into life/health insurance and demonstrating its ability to develop niche insurance products.
- CyberLabscoreCyberLabs, a technology company, partnered with Grupo GP in 2021 to acquire Argo Seguros and jointly build Akad Seguros in 2022. The partnership brought technology expertise (AI, digital platforms) to traditional insurance operations.
- MDS GroupmajorMajor broker partnership where MDS Group distributes Akad insurance products through retail channels. The partnership includes co-development of special projects, technology integration, and joint training initiatives. MDS is a significant insurance broker and risk consultancy in Brazil.
- AON BrasilmajorAON Brasil, a leading global professional services firm specializing in risk, retirement, and health solutions, partners with Akad to distribute insurance products. AON brings extensive market experience of 20+ years in risk management.
- AridesignificantInsurance broker partner specializing in bicycle insurance. Celebrating 1 year of partnership success focused on technology, innovation, and urban mobility solutions. The partnership has driven significant volume in the bike insurance segment.
- GaIA (Inteligência Artificial)technologyAkad partnered with GaIA for AI solutions that converse, understand, and convert in marketing and customer experience applications. Featured on AkadCast Episode 36 discussing how AI and bots are revolutionizing marketing and client experience.
- Innoa SegurossignificantInnoa Seguros, a family-run broker that transformed into a market reference through D&O specialization and technological innovation, partners with Akad. Featured in AkadCast Episode 35 discussing the evolution of the broker profession.
- Critério ExpertsoperationalClaims adjusting and technical expertise partnership. Critério Experts provides forensic investigation, loss assessment, and claims quantification services with over 75 professionals including 50 engineers. The partnership supports Akad's commitment to empathetic and technically rigorous claims handling.
Scale indicators11 records
Recent moves7 records
Expansion highlights5 records
Akad Seguros competitors and assessment
Company assessmentDirect peers
- Porto Seguro: Porto Seguro is the largest independent P&C insurance carrier in Brazil, offering auto, home, and commercial lines through broker and direct channels. It is the most direct competitor to Akad in the Brazilian P&C market and a benchmark for broker-channel distribution and digital transformation.
Broad incumbents
- Tokio Marine Seguradora: Brazilian subsidiary of Tokio Marine Holdings, offering broad P&C, auto, and specialty lines. As a global incumbent with deep balance sheet, Tokio Marine competes with Akad across D&O, Engineering, and commercial lines through broker distribution.
- HDI Seguros: Brazilian subsidiary of HDI (Talanx Group), operating across P&C, auto, and corporate lines. HDI is a relevant incumbent peer in the same broker-distributed commercial insurance market Akad serves.
- Zurich Seguros Brasil: Brazilian arm of Zurich Insurance Group, offering P&C, commercial, and specialty lines. Competes with Akad in D&O, professional liability, and engineering insurance for corporate and SME clients.
- MAPFRE Seguros Brasil: Brazilian subsidiary of Spanish insurance giant MAPFRE, offering broad P&C and commercial lines. Overlaps with Akad in transportation, engineering, and commercial liability.
- Liberty Seguros Brasil: Brazilian subsidiary of Liberty Mutual, offering P&C, auto, and specialty lines through broker channels. Competes with Akad in commercial lines and broker-distributed specialty coverage.
- Bradesco Seguros: Insurance arm of Bradesco, one of Brazil's largest financial conglomerates, offering P&C, life, and commercial lines. Sets the scale benchmark that constrains Akad's ability to grow share in commercial and specialty segments.
- SulAmérica Seguros: Large Brazilian insurer offering P&C, health, and life products across individual and corporate segments. Competes with Akad in commercial P&C and is a key reference for broker-distributed specialty coverage in Brazil.
Emerging players
- Justos: Brazilian insurtech using telematics and AI to price auto insurance. While primarily focused on personal auto, Justos is a relevant emerging insurtech peer in Brazil and shares Akad's AI-native operating philosophy.
- 180 Seguros: Brazilian digital insurer offering auto insurance with a fully online, direct-to-consumer model. Represents the emerging direct-distribution approach that could pressure Akad's broker-dependent GTM over time.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Akad Seguros social profiles
Digital presenceAkad Seguros financial estimates
Financial estimateRevenue estimate
Valuation estimate
Akad Seguros leadership team
Management profileNumber of profiles
Profiles1 record
Akad Seguros funding detail
Funding detailFunding overview
Funding rounds1 record
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Akad Seguros M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Akad Seguros
What does Akad Seguros do?
Akad Seguros is a Brazilian digital insurer that sells property and casualty (P&C) commercial insurance products — Professional Liability (E&O), D&O, General Liability, Driver Liability, Cyber, Equipment, Business, Engineering, Transportation, Guarantee, and Marine (DPEM) — distributed exclusively through a network of over 18,000 registered insurance brokers. The company issues roughly 81% of policies automatically via an AI/ML-powered underwriting and digital issuance platform, complemented by WhatsApp-based broker service and APIs for broker management systems.
Is Akad Seguros a public or private company?
Akad Seguros is a private company. It is classified as private equity controlled and is currently operating.
When was Akad Seguros founded?
Akad Seguros was founded in 2012. It employs 101 to 250 people.
Where is Akad Seguros based?
Akad Seguros is headquartered in São Paulo, Brazil, in the Latin America region.
How does Akad Seguros make money?
Two revenue lines are on record. Property & Casualty Insurance Premiums are the primary driver. The others are insurance Broker Distribution Commissions.
Who are Akad Seguros's main competitors?
Porto Seguro is listed as a direct peer. Broad incumbents are Tokio Marine Seguradora, HDI Seguros, Zurich Seguros Brasil, MAPFRE Seguros Brasil, Liberty Seguros Brasil, Bradesco Seguros and SulAmérica Seguros. Emerging players are Justos and 180 Seguros.
Does Akad Seguros have an API?
Yes. Akad Seguros exposes a public API. Developer documentation is at akadseguros.com.br/para-corretores/apis.
What industry is Akad Seguros in?
Akad Seguros's product category is Commercial Property and Casualty Insurance. Its primary akta.pro industry code is FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization), with a secondary code of FSAJAGAC, Professional Liability (E&O). Its NAICS code is 524126 and its SIC code is 6331.