Alper

What Alper does

Alper Consultoria e Corretora de Seguros S.A. is a Brazilian insurance brokerage firm headquartered in São Paulo, founded in 2010 and listed on B3 (ticker APER3). The company operates one of the country's largest insurance broker platforms, distributing policies from multiple insurers across personal, commercial, and specialty lines, with reported scale of approximately R$6 billion in premiums administered, 1.3 million lives protected, 150,000 insured vehicles, and 20,000 corporate clients served through 28 offices nationwide.

Alper's revenue model is brokerage commissions earned by intermediating insurance policies on behalf of carriers. The product portfolio is broad and structured as a multi-brand ecosystem: corporate benefits (PME Saúde, corporate health, dental, life), Alper Agro (crop and machinery), Alper Cargo (transport/logistics), Seguro Auto, Riscos Corporativos, Linhas Financeiras (D&O, E&O, credit), Cyber Risks, Specialty (aviation, marine, art, events), Resseguros, Consórcios, and mass-market personal lines. Distribution runs through three parallel motions: (1) the Caixa Econômica Federal bank-counter channel, providing branch-based reach across Brazil; (2) direct enterprise field sales targeting B2B accounts in agribusiness, benefits, and risk management; and (3) digital self-service via proprietary platforms — VC+Seguro for online personal lines, Dr. Alper for telemedicine across 23+ specialties, AlperAgro Tech for agricultural distribution, and Alper One as the unified customer portal.

Alper pursues growth through an aggressive M&A roll-up strategy, having completed at least eight acquisitions in its benefits unit (most recently Humani in February 2025), plus Agis Consultoria e Corretora (R$28.4 million, July 2023) to consolidate its position in agribusiness cargo insurance. The AlperTech technology division and the Alper Network partner channel support platform-level expansion. Geographically the company is Brazil-only; its primary segments are Large Enterprises, SMEs (a strategic focus area via the benefits vertical), Agribusiness, and Individual Consumers.

Name

Alper

Legal name

Alper Consultoria e Corretora de Seguros S.A.

Website

https://alperseguros.com.br

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Alper is a Brazilian insurance brokerage and publicly-listed B3 company that distributes multi-line insurance (benefits, agro, cargo, auto, cyber, specialty) through Caixa bank counters, direct enterprise sales, and proprietary digital platforms, serving 20,000 corporate clients across Brazil.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Insurance brokerage services
• Corporate benefits insurance
• Cargo insurance
• Agricultural insurance
• Risk management

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Alper operates as an insurance broker (corretora de seguros), earning commissions from insurance companies for intermediating insurance policies. The company works with multiple insurers to offer diverse coverage options to clients.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels4 records

Core offering

Alper is a Brazilian insurance brokerage that intermediates insurance policies between clients and multiple insurers, earning commissions across corporate and personal lines. The offering spans agricultural, cargo, auto, corporate health benefits, cyber, financial lines, corporate risks, specialty, personal, and reinsurance coverages, complemented by digital platforms (VC+Seguro, Dr. Alper, AlperAgro Tech) and a partner network (Alper Network). Distribution leverages Caixa bank branches, direct enterprise sales, and self-service digital channels across 28 offices in Brazil.

Product overview

Alper Seguros operates as a comprehensive insurance brokerage platform with a multi-product, multi-channel architecture. The company offers a broad portfolio of insurance solutions including Alper Agro (agricultural), Alper Cargo (transport), Seguro Auto (vehicle), Cyber Risks, corporate benefits (health), personal insurance, specialty lines, and financial lines. The platform is complemented by digital platforms including Dr.Alper (telehealth), VC+Seguro (digital personal insurance), AlperAgro Tech (agro technology), and Alper Network (partner network). The AlperTech division drives technology innovation across all products, while Alper One serves as the unified customer access portal. The company operates through Caixa bank branches and serves both B2B and B2C segments across Brazil.

Differentiator

Problem solved

Functional benefit

Brands

• Alper Agro: Agricultural insurance solutions for farms and agribusiness operations
• Alper Cargo
• Dr. Alper
• Alper Network
• AlperTech
• AlperAgro Tech
• VC+Seguro
• PME Saúde

Products and services

• Alper Agro

Quantifiable outcome

• 1.3 million lives protected through corporate health and benefit plans
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• HumanicoreStrategic or Co-development Partner · 20 February 2025Acquisition of Humani, a broker specializing in benefits for SMEs, marking Alper's eighth acquisition in the benefits unit. Consolidates Alper's presence in SME benefits market and expands cross-selling opportunities and product offerings.
• Agis Consultoria e Corretora de SeguroscoreStrategic or Co-development Partner · 13 July 2023Acquisition of 100% of Agis for R$28.4 million (contingent on performance targets). Strengthens Alper's position in transport insurance for agribusiness sector, leveraging Agis's expertise and client base. This was Alper's third acquisition in this area, consolidating position as third largest player in Brazil's cargo insurance market.
• Caixa Econômica FederalcoreChannel Partner/ Reseller/ Distributor · 12 July 2023Alper operates as an insurance broker through Caixa's banking counters (balcão), leveraging the bank's extensive branch network across Brazil for distribution of insurance products. This is a foundational distribution partnership providing broad market access.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Wiz Soluções (Wiz Co): Brazilian insurance broker affiliated with Banco Cooperativo Sicredi, distributing insurance products via partner bank networks. Highly comparable to Alper's bank-counter distribution model with Caixa.
• Porto Seguro: One of Brazil's largest insurance groups, offering personal, auto, and corporate lines through proprietary and broker channels. Directly comparable in serving Brazil's corporate and consumer insurance market with multi-channel distribution.

Broad incumbents

• Marsh Brasil: Global insurance broker with significant Brazilian operations serving large corporate and specialty risk clients. Comparable in corporate risk advisory and benefits brokerage for large enterprises.
• SulAmérica Seguros: Large Brazilian insurer and benefits provider with auto, health, life, and corporate lines. Comparable to Alper's corporate benefits and risk management offerings at much larger scale.
• Aon Brasil: Global insurance and reinsurance broker with a strong Brazilian presence, focused on corporate risk, benefits, and specialty lines. Comparable B2B corporate insurance brokerage model.
• BB Seguros (Banco do Brasil Seguros): Insurance arm of Banco do Brasil, distributing life, auto, and residential products through Brazil's largest bank branch network. Comparable bank-distribution insurance model at significantly greater scale.

Emerging players

• HDI Seguros: Brazilian insurer focused on auto, business, and specialty risks with strong broker relationships. Comparable in product lines and broker-distribution model.
• Too Seguros: Brazilian digital-first insurance company offering personal and SME lines through a fully online experience. Comparable to Alper's VC+Seguro and digital personal insurance initiatives.
• Tokio Marine Seguradora: Japanese-owned Brazilian insurer with growing product portfolio in auto, residential, and corporate lines. Comparable in serving similar customer segments through broker channels.

Regional players

• Braza Bank (formerly Trademaster) / BTG Pactual Seguros: Brazilian financial group with growing insurance brokerage and distribution capabilities targeting corporate and high-net-worth clients. Comparable corporate-focused insurance distribution model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/AlperConsultoriaemSeguros
• Facebookfacebook.com/AlperSeguros
• LinkedInlinkedin.com/company/alper-seguros
• Instagraminstagram.com/alperseguros

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A4 records

Investments

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

Frequently asked questions about Alper