Seguros RGA

What Seguros RGA does

Seguros RGA is the captive insurance arm of Grupo Caja Rural, a Spanish cooperative banking group, founded on March 17, 1986, and headquartered in Madrid. The group is structured across five wholly owned subsidiaries: RGA Seguros Generales Rural (non-life), RGA Rural Vida (life), RGA Rural Pensiones (pension fund management), RGA Mediación (Operador de Banca-Seguros Vinculado for insurance intermediation), and Rural Grupo Asegurador (shared administrative services). Since 2018, the company has been 100% owned by the Cajas Rurales network after buying out the residual 30% stake previously held by Germany's R+V Allgemeine Versicherung AG.

The product portfolio spans personal lines (life, accident, health, auto, home, funeral/death, hunters), commercial lines (industrial multi-risk, commerce multi-risk, transport, civil liability, legal protection, construction all-risk, credit and suretyship, collectives, greenhouses, fire, cyber risks), agricultural multi-risk insurance, and a savings and pensions shelf including RGAMiAhorro, RGAPIAS Unit Linked, RGAMiRenta, multiple RGASeguridad 2027 tranches, and region-specific EPSV plans for Basque Country residents. The company operates on standard insurance infrastructure with light digital tooling, principally online retirement and contribution simulators, and offers a Tarifa Plana Multitranquilidad monthly installment plan at 0% TAE.

Commercially, Seguros RGA generates revenue through recurring insurance premiums across these lines and operates exclusively through the more than 2,350 branches of the Cajas Rurales network - it maintains no direct retail or regional offices. RGA Mediación handles intermediation under DGSFP key OV-0006, while Banco Cooperativo Español acts as pension fund depository and RSI provides IT services to the wider Grupo Caja Rural ecosystem. Distribution is supported by a Plan Disfruta Seguro loyalty program offering up to 8% multi-policy bonuses and complementary advisory services.

Name

Seguros RGA

Legal name

Rural Grupo Asegurador, A.I.E

Website

https://segurosrga.es

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

251–500 employees

Short description

Seguros RGA is the captive insurance arm of Spain's Grupo Caja Rural, distributing life, non-life, agricultural, and pension products exclusively through the cooperative bank's 2,350-plus branch network across Spain. It operates through five licensed subsidiaries covering underwriting, pension fund management, and insurance intermediation.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Life Insurance (6311), Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industries

Commercial General Liability (CGL) (FSAJADAA), Travel & Accident (Non-Life) Insurance (FSAJAMAN), Individual Health Insurance Brokerage & Distribution (FSAIAEAL), Variable Universal Life (VUL) Insurance (FSAIABAD), Retirement Income Planning & Decumulation Advisory (FSAEABAD)

Keywords

• Insurance products
• Life insurance
• Pension plans
• Agricultural insurance
• Bancassurance services

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

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 Premiums: Seguros RGA generates revenue through collecting insurance premiums across multiple lines of business including life insurance, property & casualty insurance, agricultural insurance, and pensions. The company operates as both a direct insurer and as an intermediary through RGA Mediación, placing business with multiple partner insurance companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Seguros RGA provides insurance and savings products across personal, business, and agricultural lines. Its offering includes life, accident, health, home, auto, and funeral insurance for individuals; industrial multi-risk, transport, commerce, civil liability, fire, cyber-risk, and construction insurance for businesses; agricultural multi-risk insurance and temporary incapacity cover for the farming sector; and pension plans, PPA, EPSV, savings insurance, PIAS, and annuity products. The portfolio is delivered through five subsidiaries and distributed exclusively via the Caja Rural cooperative bank branch network.

Product overview

Seguros RGA is the insurance entity of Grupo Caja Rural, a Spanish cooperative banking group. The company operates through five subsidiaries: RGA Seguros Generales Rural (non-life insurance), RGA Rural Vida (life insurance and pensions), RGA Rural Pensiones (pension fund management), RGA Mediación (insurance broker), and Rural Grupo Asegurador (administrative support). The product portfolio spans personal insurance (life, accidents, health, auto, home, death/burial, hunters), business insurance (industrial multi-risk, commerce multi-risk, transport, civil liability, legal protection, construction all-risk, credit/surety, collectives, greenhouses, fire, cyber risks), agricultural insurance, and savings/investment products (savings insurance, PIAS, annuities). Retirement planning includes pension plans, insured pension plans (PPA), and EPSV for Basque Country residents. The company also offers digital tools including retirement simulators and contribution planners, distributed primarily through Caja Rural branch network.

Differentiator

Problem solved

Functional benefit

Brands

• Tarifa Plana Multitranquilidad: A monthly payment service for insurance premiums in 12 installments without interest, commissions, or additional costs with 0% TAE.
• RGAMiAhorro
• RGAPIAS Unit Linked
• RGAMiRenta

Products and services

• Seguros de Vida (Life Insurance) Life insurance products for personal customers covering various protection needs.
• Seguro de Accidentes (Accident Insurance)

Quantifiable outcome

• Bonification of up to 8% for customers grouping multiple insurance policies

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Banco Cooperativo EspañolcoreStrategic or Co-development PartnerThe Banco Cooperativo Español is the depository bank for RGA pension funds and is part of the Grupo Caja Rural ecosystem. It provides banking services to the Cajas Rurales network.
• RSI (Rural Servicios Informáticos)coreTechnology or IntegrationRSI provides information technology services and support to the Grupo Caja Rural entities including Seguros RGA, covering data processing, telecommunications, and digital banking services.
• Cajas Rurales NetworkcoreChannel Partner/ Reseller/ DistributorThe network of 29 Caja Rural cooperative banks serves as the exclusive distribution channel for Seguros RGA products. These banks own 100% of Seguros RGA following the 2018 capital restructuring.
• RGA Mediación OBSV S.A.coreChannel Partner/ Reseller/ DistributorRGA Mediación Operador de Banca-Seguros Vinculado handles insurance intermediation and advisory services for the group. CIF A79490264, registered with DGSFP under key OV-0006.
• Team Caja Rural - Seguros RGA (Cycling Team)minorGTM or Marketing PartnerSponsorship of the Team Caja Rural professional cycling team, which also promotes the Seguros RGA brand.

Scale indicators5 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• VidaCaixa (SegurCaixa Adeslas): VidaCaixa is the bancassurance arm of CaixaBank, distributing life, health (via SegurCaixa Adeslas), and pension products exclusively through CaixaBank's branch network. It is the most direct comparable to Seguros RGA: bank-owned insurance carrier distributed through a Spanish captive retail bank, with similar life, health, and pension product lines.
• Bankinter Seguros: Bankinter distributes life, auto, home and protection insurance through its own bank-insurance partnerships and internal OBSV structures. Comparable to Seguros RGA as a Spain-focused bancassurance operator selling multi-line coverage via the parent bank's captive channel.
• BBVA Seguros (BBVA Allianz partnership): BBVA distributes life, auto, home and pension products in Spain through bank-insurance partnerships and an OBSV. Comparable to Seguros RGA as a Spanish bank-affiliated multi-line insurance distributor with a captive retail channel.

Broad incumbents

• Mapfre: Mapfre is Spain's largest multi-line insurer (life, non-life, health, pensions) with bancassurance, agency, broker and direct channels, including partnerships with Bankia (now CaixaBank) and BBVA historically. It is a broad incumbent that overlaps with Seguros RGA across life, non-life, and agricultural lines but competes across all of Spain, not solely through one captive bank.
• Mutua Madrileña: Mutua Madrileña is a major Spanish mutual insurer offering auto, home, life, health (Adeslas), and pension products with strong agency and direct channels. Comparable to Seguros RGA as a large Spanish multi-line insurance carrier, though it relies on agency and direct distribution rather than a captive cooperative bank.
• Santalucía: Santalucía is a large Spanish insurer historically tied to savings banks, providing funeral/decesos, life, home, and accident insurance with broad multi-channel distribution. Comparable to Seguros RGA as a Spanish multi-line insurance carrier with a heritage of distribution through savings institutions.
• Caser (Caja de Ahorros-linked): Caser is a Spanish multi-line insurer with historical ties to savings banks, offering life, health, auto, home and pension products via multiple channels. Comparable to Seguros RGA as a Spanish multi-line insurer with bancassurance DNA, though no longer tied to a single cooperative distribution network.

Regional players

• Generali España: Generali España is the Spanish subsidiary of the Italian global insurer Generali, offering life, non-life, and pension products through agency, broker and bancassurance channels. Comparable to Seguros RGA as a multi-line insurance competitor in Spain, particularly in life, savings and pension products (PIA, unit linked).
• Zurich Insurance España: Zurich España is the Spanish operation of Zurich Insurance Group, distributing life, non-life, accident, and savings products through agents, brokers and bank partners. Comparable to Seguros RGA as a global insurer's local multi-line affiliate competing in the same product segments in Spain.
• Allianz Seguros (España): Allianz Seguros is the Spanish subsidiary of Allianz Group, distributing life, non-life, health, and pension products through agents, brokers and bancassurance partners. Comparable to Seguros RGA as a global insurer's local multi-line subsidiary competing for the same Spanish SME, individual and savings customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/segurosrga
• YouTubeyoutube.com/c/segurosrga
• Facebookfacebook.com/segurosrga
• LinkedInes.linkedin.com/company/segurosrga
• Instagraminstagram.com/segurosrga

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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 Seguros RGA