Argo Seguros

What Argo Seguros does

Argo Seguros, operating under the legal entity AKAD SEGUROS S.A. (CNPJ 14.868.712/0001-31, SUSEP registration 02798), is a private Brazilian digital insurance carrier headquartered at Av. das Nações Unidas, 12995, 24º andar, Brooklin, São Paulo. The firm was founded in 2012 and employs 51–100 staff. It underwrites eleven specialty lines: Professional Liability (RC Profissional), Executive Liability (RC Executivos), General Liability (RC Geral), Driver Liability (RC Condutor), Cyber, Equipment, Business, Engineering, Transport, Surety/Guarantee, and DPEM (mandatory personal-injury cover for vessels). Pricing is quote-based, set annually per risk, and the business model is recurring insurance premiums across these lines. The company holds a national S&P rating of brA.

The platform is built around three digital surfaces: (i) the Portal do Corretor — a dedicated broker portal for policy issuance and management, (ii) Cotação Online — a direct online quoting interface, and (iii) a broker API integration layer enabling partner systems to quote and issue programmatically. Distribution is overwhelmingly broker-led, augmented by the Akademia and Universidade Akad training platforms, a Clube de Benefícios affinity program, a Parcerias e Afinidades partnerships layer, and standard support channels (SAC, WhatsApp, Ouvidoria). The marketing mix combines SEO-driven blog content, email/newsletter, and organic social, with the broker portal as the conversion surface.

The customer base spans professionals requiring E&O coverage, corporate executives needing D&O-style protection, businesses needing multi-line commercial coverage, drivers needing third-party liability, and organisations with cyber exposure. No named logos are disclosed, segment mix is hybrid (persona-based and size-tiered), and the broker-mediated distribution model implies a fragmented underlying policyholder base rather than a small number of enterprise anchors. Revenue, premium volume, and policy counts are not publicly disclosed, and no external funding rounds, M&A activity, or leadership changes were identified in the supplied data.

Name

Argo Seguros

Legal name

AKAD SEGUROS S.A.

Website

https://argoseguros.com.br

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

101–250 employees

Short description

Argo Seguros, operating as Akad Seguros S.A., is a Brazilian digital insurance carrier offering 11 specialty and liability products via a broker portal, APIs, and direct online channels. SUSEP-licensed (registration 02798) with S&P brA rating, headquartered in São Paulo.

Ownership category

akta.pro rank

Product category

Commercial Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524), Insurance Carriers (5241)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Surety Insurance (6351)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

akta.pro secondary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Liability insurance products
• Professional indemnity coverage
• Commercial insurance lines
• Cyber risk insurance
• Surety bond insurance

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Collection of insurance premiums from policyholders across multiple insurance lines including Professional Liability, Executive Liability, General Liability, Driver Liability, Cyber, Equipment, Business, Engineering, Transportation, Guarantee, and DPEM (Personal Damage to Vessels)

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Akad Seguros is a Brazilian digital insurance carrier (SUSEP-registered) that underwrites and distributes 11 commercial and specialty insurance products — including Professional, Executive, General and Driver Civil Liability, Cyber, Equipment, Business, Engineering, Transport, Surety/Guarantee, and DPEM (vessel personal damage) coverage. Policies are sold and serviced through a dedicated broker portal (Portal do Corretor), an online quote system, and partner APIs across Brazil.

Product overview

Akad Seguros is a digital insurance company (Seguradora Digital) offering a comprehensive portfolio of 11 insurance products under a platform-plus-digital-services architecture. The core product line includes liability insurance products (Professional, Executives, General, and Driver liability), specialty insurance (Cyber, Equipment, Business, Engineering, Transport, and Surety/Guarantee), and maritime insurance (DPEM). The company operates primarily through digital channels including an online quote system (Cotação online), a broker portal (Portal do Corretor), APIs for broker integration, Akademia training platform, and a Benefits Club, combining technology with traditional insurance expertise under S&P Rating brA classification.

Differentiator

Problem solved

Functional benefit

Products and services

• Responsabilidade Civil Profissional (RC Profissional / Professional Liability / E&O) Professional liability (Errors & Omissions) insurance that protects professionals and consultants against claims arising from errors, omissions, or damages caused in the course of their professional activities.
• Responsabilidade Civil Executivos (RC Executivos / D&O) Directors and Officers liability insurance protecting corporate executives and managers against claims and damages arising from their corporate decisions and leadership actions.
• Responsabilidade Civil Geral (RC Geral / General Liability) General liability insurance that protects businesses against damages to third parties and unforeseen events that could impact operations.
• Responsabilidade Civil Condutor (RC Condutor / Driver Liability) Driver liability insurance that protects motorists against third-party damages in traffic accidents.
• Cyber Risk Insurance Cyber risk insurance providing digital protection against cyber threats and attacks, safeguarding data and reputation for businesses and individuals.
• Equipment and Machinery Insurance (Equipamentos) Equipment and machinery insurance providing reliable protection against damages, theft, accidents, and unforeseen events affecting business equipment.
• Business Insurance (Empresarial) Comprehensive business insurance offering customized coverage to provide security and continuity for companies across multiple operational risks.
• Engineering Insurance (Engenharia) Engineering risk insurance protecting construction projects and works against accidental damages and unforeseen events in civil construction.
• Transport Insurance (Transporte) Transport insurance providing essential protection for cargo and goods in transit, minimizing logistics risks and ensuring coverage for damages or losses during transportation.
• Surety Bond Insurance (Garantia) Surety bond insurance offering financial protection that ensures compliance with contracts and obligations, providing security to all parties involved.
• DPEM (Personal Damages Caused by Vessels)

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• SUSEPcoreOthersRegulatory partnership with SUSEP (Superintendência de Seguros Privados), Brazil's private insurance regulator. Akad Seguros holds SUSEP registration 02798 and operates under regulatory oversight for all insurance operations in Brazil.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Porto Seguro: Largest Brazilian P&C insurer with broad auto, home, business, and life lines and a national broker and direct distribution footprint; competes with Akad across the Business, Driver Liability, and Engineering lines while operating at materially larger scale.
• Tokio Marine Seguradora: Major Brazilian subsidiary of Tokio Marine Holdings offering auto, property, engineering, transportation, and liability lines; direct competitor to Akad in Specialty and Liability P&C with deeper capital and reinsurance backing.
• Zurich Brasil: Brazilian arm of Zurich Insurance Group serving large corporates and SMEs across Property, Liability, Engineering, and Surety — directly overlapping Akad's specialty and commercial lines with global parent support.
• Allianz Seguros Brasil: Brazilian operation of Allianz offering auto, property, engineering, liability, and surety lines through broker networks; a direct competitor to Akad in commercial P&C with global capital backing.
• Mapfre Seguros Brasil: Brazilian subsidiary of Mapfre offering auto, property, liability, and transportation insurance through broker channels; overlaps Akad's Transportation and Liability lines with larger capital base.

Direct peers

• HDI Seguros: Brazilian mid-sized P&C carrier specializing in auto, business, and specialty lines distributed through broker channels — closely comparable to Akad in scale, broker-led GTM, and product portfolio.
• Sompo Seguros: Brazilian P&C insurer focused on auto, property, and specialty commercial lines distributed via brokers; comparable scale and broker-led distribution model to Akad Seguros.
• Berkley International Brasil: Brazilian operation of W. R. Berkley focused on specialty commercial and surety lines for SMBs and professionals; a specialty-line peer comparable to Akad in Surety and Professional Liability.

Emerging players

• Justos: Brazilian digital-native auto insurer using a mobile-first distribution model; competes with Akad's Driver Liability and auto-related lines from a digital-only positioning.

Others

• Wiz Soluções: Brazilian insurance distribution and broker-services platform that aggregates P&C products through broker and affinity channels; adjacent comparator reflecting Akad's broker-portal and affinity-distribution strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors5 records

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

M&A

Investments

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

Frequently asked questions about Argo Seguros