What MACSF does

MACSF (Mutuelle d'Assurance du Corps de Santé Français), founded in 1935 and headquartered in Puteaux (La Défense), France, is a mutual insurance company — a Société d'Assurance Mutuelle — that provides insurance and financial services exclusively to French healthcare professionals. It is the 1st and largest insurer of healthcare professionals in France, with 1.2+ million sociétaires (member policyholders) and 2.5 million contracts in force, generating €3.4 billion in annual revenue in 2025. The company is wholly owned by its policyholders rather than external shareholders, operates without commission-driven salespeople, and is regulated by the ACPR.

The product portfolio is anchored on RCP-PJ (mandatory professional liability and legal protection insurance) for doctors, dentists, nurses, pharmacists, veterinarians, and other medical practitioners, and extends into complementary health insurance (mutuelle), prévoyance (income protection), life insurance, retirement savings (PER), auto, home, and professional credit. Supplementary add-on modules include cyber risk insurance, the MACSF.one professional banking account, remote premises monitoring (Protect Pro/Home), the Synapse prescription-safety tool, a 24/7 medical-legal hotline, and professional training services. Distribution is hybrid: 70 commercial agencies across France staffed by non-commissioned advisors, complemented by a customer-facing website, iOS/Android mobile app, online personal space, and presence at healthcare industry events such as ADF 2026 and WONCA 2026.

The business model is recurring-premium driven through a mutual structure in which surpluses are retained for member benefit rather than distributed to external shareholders. Revenue is diversified across insurance premiums, savings products (life insurance, PER), and ancillary financial services, with a customer base spanning liberal professionals, hospital employees, healthcare students, healthcare establishments, and member families. Beyond its core insurance activities, MACSF deploys a strategic investment portfolio into healthcare delivery, senior living, diagnostics, biotechnology, and European B2B technology, including stakes in emeis (50.2% via MACSF Epargne Retraite), Vivalto Santé (8.8%), Vivalto Vie (20%), Cerballiance, and limited-partner commitments to venture funds such as Elaia Digital Venture Fund V and the Lifento Care fund.

Name

MACSF

Legal name

MACSF assurances - Société d'Assurance Mutuelle - Entreprise régie par le Code des Assurances

Website

https://macsf.fr

Company type

Private

Founded year

1935

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

MACSF is a French mutual insurance company founded in 1935, providing professional liability, health, retirement, life, auto, and home insurance to 1.2+ million healthcare professionals and their families across France, generating €3.4 billion in annual revenue.

Ownership category

akta.pro rank

Product category

Professional Liability Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Agencies and Brokerages (524210)

SIC

Insurance Carriers, Nec (6399), Accident & Health Insurance (6321), Life Insurance (6311), Hospital & Medical Service Plans (6324)

akta.pro primary industry

Own-Occupation Specialty Disability Insurance (Professional Occupations) (FSAIAIAI)

akta.pro secondary industries

Standalone Critical Illness Insurance (FSAIAKAA), Key Person Disability Insurance (FSAIAIAK)

Keywords

• Professional liability insurance
• Health insurance mutual
• Retirement savings plans
• Life insurance products
• Healthcare professional insurance

Headquarters

HQ city

La Défense

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premiums: MACSF generates revenue primarily through insurance premiums collected from policyholders across its portfolio of insurance products including health insurance, professional liability insurance, retirement savings products (PER), and life insurance. As a mutual insurance company (assurance mutuelle), it operates on a non-profit-distributing model where surpluses benefit societaries/members rather than external shareholders. Premiums are recurring in nature, billed on an annual or periodic basis depending on the product type.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

MACSF is a mutual insurance company that provides a comprehensive portfolio of insurance and financial products tailored to healthcare professionals in France. Its core offering is mandatory professional liability and legal protection insurance (RCP-PJ) for physicians, dentists, nurses, and other medical professionals, complemented by complementary health insurance (mutuelle santé), provident/disability coverage, life insurance, retirement savings plans (PER), property and auto insurance, and professional credit. The company also offers digital services, a professional banking account, remote monitoring, training, and 24/7 medical-legal hotline.

Product overview

MACSF operates as a mutualist insurance group offering a comprehensive portfolio of insurance and financial products tailored for healthcare professionals. The core product offering centers on RCP-PJ (Responsabilité Civile Professionnelle et Protection Juridique), the mandatory professional liability and legal protection insurance that serves as the primary product for physicians, dentists, nurses, and other medical professionals. This is complemented by health insurance (mutuelle complémentaire santé), provident insurance (prévoyance), and life/health accident coverage (GAV). Beyond protection insurance, MACSF provides wealth management through life insurance (assurance vie) and retirement savings plans (PER), as well as personal property insurance (auto, home, bicycle, boat) and professional financing solutions (credit, leasing). Digital service add-ons include the MACSF mobile application, MACSF.one banking account, Protect Pro/Home remote monitoring, Synapse prescription safety tool, 24/7 medical-legal hotline, and professional training services. The offering is structured as a multi-product platform with core mandatory insurance products supported by supplementary add-on modules and digital services.

Differentiator

Problem solved

Functional benefit

Products and services

• RCP-PJ (Responsabilité Civile Professionnelle & Protection Juridique) Mandatory professional liability insurance covering civil liability claims and legal protection for healthcare professionals (doctors, dentists, nurses, veterinarians, paramedics), available for individuals (liberal, hospital, salaried) and legal entities (group practices, health centers, associations, CPTS).
• Mutuelle complémentaire santé Supplementary health insurance (mutual insurance) offered to healthcare professionals and their families, available as individual plans for students, interns, liberal professionals, and hospital employees, as well as collective plans for dental offices and other healthcare structures.
• Assurance prévoyance Provident insurance providing income protection for healthcare professionals in case of work stoppage, disability, or death, with specific plans tailored for interns, liberal professionals, and hospital employees.
• Assurance auto Automobile insurance covering vehicles for healthcare professionals, with options for damage coverage, third-party liability, and digitalized assistance services including e-depanneuse.
• Assurance habitation Multi-risk home insurance for healthcare professionals covering their primary residence, with specialized options for students, non-occupant owners, and shared housing, supporting circular economy through repair and replacement with reconditioned parts.
• Assurance vie Life insurance savings product offered through MACSF épargne retraite, providing long-term savings and investment options with various fund selections.
• Plan d'épargne retraite (PER) Retirement savings plan offering tax advantages for healthcare professionals to build retirement savings, with current promotion of 0% fees at subscription and on all contributions.
• Crédit professionnel Professional financing solutions including auto credit, equipment financing, professional real estate loans, and liberal installation loans for healthcare professionals starting or expanding their practice.
• Assurance cyber-risques Cyber risk insurance protecting healthcare professionals against digital threats, data breaches, and cyberattacks, which have increased significantly with nearly two attacks per day targeting the sector.
• MACSF.one Professional banking account offering integrated financial services for healthcare professionals to manage their professional finances.
• Hotline médico-légale 24/7 Round-the-clock medical-legal hotline providing healthcare professionals with immediate access to legal guidance and support for professional liability concerns.

Quantifiable outcome

• 1.2+ million healthcare professionals insured as societaries
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Malakoff Humanis: Major French mutual group providing health, prévoyance, retirement and savings coverage to employees and self-employed professionals. Comparable as a large French mutual insurer with overlapping health and prévoyance products and similar group-mutual governance structure.
• CNP Assurances: Major French life and health insurer, partly owned by La Banque Postale, with deep reach into personal risk, retirement and protection insurance. Comparable to MACSF in life insurance and retirement savings (PER) products and in operating under the French Code des Assurances.
• SwissLife France: French subsidiary of SwissLife offering life insurance, health, prévoyance and wealth management to individuals and professionals. Comparable on life insurance, PER and prévoyance, particularly for the self-employed healthcare professional segment.
• Crédit Agricole Assurances: Bancassurance arm of Crédit Agricole distributing life, health and P&C insurance through the Caisses Régionales network. Comparable as a large French multi-line insurer with health and savings offerings that overlap with MACSF's mutuelle, assurance vie and PER products.
• AG2R La Mondiale: French mutual insurer specialising in retirement, prévoyance and health for individuals and corporates. Comparable to MACSF's retirement (PER, assurance vie) and prévoyance product lines and mutual governance.
• Allianz France: French arm of Allianz providing P&C, health, life and savings products to individuals, professionals and corporates. Comparable as a multi-line French insurer with product overlap in health, life and auto/home cover offered by MACSF.
• AXA France: Largest generalist insurer in France offering P&C, health, life and savings products to individuals and professionals including healthcare practitioners. Comparable as a multi-line French insurer with significant professional and health exposure, but not specialised exclusively in the healthcare-professional vertical.
• Covéa (MAAF / MMA / GMF): Mutual insurance group combining MAAF, MMA and GMF, covering P&C, health and savings for individuals and professionals in France. Comparable as a French mutual multi-line insurer with similar non-profit-distributing governance model.

Direct peers

• Harmonie Mutuelle: Leading French health mutuelle serving individuals and professionals including healthcare workers, with health, prévoyance and savings products. Directly comparable to MACSF on health/prevoyance products and mutual governance, with overlap on the healthcare-professional segment.

Others

• MACSF prévoyance / MACSF épargne retraite: Wholly-owned subsidiaries of MACSF providing prévoyance and life/PER products. Not a peer but a structural reference for how MACSF decomposes its product lines into distinct legal entities, similar to other French insurance groups that ring-fence health, life and savings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCFkooOHgcavW5dct_KIHxHg
• Facebookfr-fr.facebook.com/MACSF
• LinkedInfr.linkedin.com/company/macsf
• Instagraminstagram.com/macsf_assurances
• Xx.com/MACSFetvous

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments25 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MACSF