SABSEG
SABSEG is a Lisbon-based insurance brokerage consolidation platform operating 2,000 agents across 60 offices in Spain, Portugal, and Italy. It intermediates premiums through acquired local brokerages serving individuals, SMBs, and high-net-worth clients while targeting €2 billion brokered by 2030.
- Company typePrivate
- Founded2021
- HeadquartersLisboa, Portugal
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
SABSEG firmographics
Firmographics- Name
- SABSEG
- Legal name
- SABSEG
- Website
- https://sabseg.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- SABSEG is a Lisbon-based insurance brokerage consolidation platform operating 2,000 agents across 60 offices in Spain, Portugal, and Italy. It intermediates premiums through acquired local brokerages serving individuals, SMBs, and high-net-worth clients while targeting €2 billion brokered by 2030.
- Ownership category
- akta.pro rank
SABSEG industry classification
Industry- Product category
- Insurance Brokerage and Risk Advisory
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Commercial Lines Insurance Brokerage (FSAEADAB)
- akta.pro secondary industry
- Retail (Personal Lines) Insurance Brokerage (FSAEADAA)
Keywords
Where SABSEG is headquartered
LocationHeadquarters
- HQ city
- Lisboa
- HQ country
- Portugal
- HQ region
- Europe
Offices4 records
Markets served
SABSEG business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance intermediation: SABSEG operates as an insurance brokerage platform, generating revenue through commissions on insurance policies intermediated. The company brokers insurance premiums across multiple lines of business, serving individuals and businesses through its network of agents and offices. The company closed fiscal year 2025 with €800 million in premiums brokered.
Distribution channels2 records
Marketing channels2 records
SABSEG product offering
Product offeringCore offering
SABSEG acts as an insurance broker and intermediary, advising on and arranging personal and commercial coverage. It also provides business risk-management solutions, with specialized multilingual insurance services for expatriates and high-net-worth individuals.
Product overview
SABSEG is an insurance broker consolidation platform for the Iberian Peninsula and Southern Europe, launched in 2021. The platform operates as a unified network combining multiple acquired brokerages (Banasegur, Ores & Bryan, Brokers Consultores, Sabseg Seguros in Portugal, Op de Beeck & Worth in Spain, and Asigest Broker in Italy) alongside proprietary offices and a network of 2,000 agents across 60 offices serving 350,000 clients. The company intermediates insurance premiums and provides personalized support through a local vision with global expertise across Spain, Portugal, and Italy.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal insurance brokerage Retail insurance brokerage and intermediation for individuals seeking standard personal insurance products.
- Commercial and business insurance brokerage Insurance intermediation, business coverage, and commercial-lines solutions for commercial entities and small and medium businesses.
- Expatriate and high-net-worth insurance Specialized property, liability, and specialty insurance brokerage for expatriates and high-net-worth individuals, with multilingual professional support.
- Insurance risk-management advisory Advisory services for managing business risks alongside insurance intermediation, including commercial risk-management solutions.
Quantifiable outcome
- €800 million premiums brokered in FY2025
- +2 more outcomes
Companies that use SABSEG
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
SABSEG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SABSEG partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Op de Beeck & WorthcoreLong-established Spanish broker specializing in expatriates and high-net-worth clients. Integration adds 45 years of experience, 7,000+ clients, and multilingual professionals across Costa del Sol and Madrid. Transaction pending regulatory approval.
- Asigest BrokercoreItalian insurance broker acquired to enter the Italian market. Deal aims to position SABSEG as a major player in Southern Europe and consolidate presence in Italy by integrating local brokerages and talent.
- BanasegurminorIntegrated brokerage from SABSEG's consolidation platform launched in 2021. Part of the original aggregation of brokerages under the platform.
- Ores & BryanminorIntegrated brokerage from SABSEG's consolidation platform launched in 2021. Part of the original aggregation of brokerages under the platform.
- Brokers ConsultoresminorIntegrated brokerage from SABSEG's consolidation platform launched in 2021. Part of the original aggregation of brokerages under the platform.
- Sabseg SegurosminorPortuguese brokerage integrated into SABSEG's platform, representing the company's original Portugal operations as part of the consolidation strategy.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
SABSEG competitors and assessment
Company assessmentRegional players
- Grupo Prebal (Willis Iberia / local Spanish brokers): Local Spanish brokerage consolidator and regional broker networks that compete for the same SME and mid-market accounts as SABSEG in Iberia. Smaller scale but functionally identical mid-market brokerage model in the same geographies.
- Grupo Catalana Occidente: Grupo Catalana Occidente is a long-established Spanish insurance group with significant brokerage operations through broker networks and direct brands. Direct competitor to SABSEG in the Spanish market, particularly for SMEs and individuals, though integrated into a carrier-owned structure.
- Mapfre: Mapfre is the largest Spanish insurance group with deep Iberian and Latin American operations, distributing through both direct channels and broker networks. Competes with SABSEG in Spain and Portugal but as a carrier-insurer rather than a pure broker.
Broad incumbents
- Arthur J. Gallagher & Co. Gallagher is a major US-headquartered global insurance broker with growing European footprint via acquisition. Overlaps with SABSEG in risk management and commercial brokerage but at substantially larger scale and with broader service lines including consulting.
- Marsh McLennan: Marsh is the world's largest insurance broker and a major presence in Spain and Portugal through Marsh S.A. and JLT legacy operations. Competes with SABSEG for mid-market and corporate commercial lines but operates globally with vastly greater scale and proprietary analytics.
- WTW (Willis Towers Watson): WTW is a global advisory and brokerage firm with established Iberian presence. Comparable to SABSEG in commercial insurance brokerage and risk advisory but offers broader actuarial, consulting, and human capital services at materially larger scale.
- Aon plc: Aon is a global insurance and reinsurance broker with significant Iberian operations (Aon Iberia). Competes in commercial and specialty lines against SABSEG but offers global risk consulting, reinsurance brokerage, and HR consulting well beyond SABSEG's scope.
Direct peers
- Acrisure: Acrisure is a US-based, PE-backed insurance brokerage that scaled globally through hundreds of acquisitions. Directly comparable to SABSEG as an acquisition-led, sponsor-driven brokerage roll-up, though operating at much larger scale and with broader geographic reach.
- Howden Group: Howden is a London-headquartered, PE-backed (Hg Capital) international insurance brokerage built via aggressive roll-up of regional brokers across Europe. Closest comparable to SABSEG in model: sponsor-backed, multi-country, multi-brand consolidation targeting sub-scale broker acquisition.
Emerging players
- Brokerslink: Brokerslink is an international network of independent insurance brokers offering a comparable multi-country distribution platform. Comparable to SABSEG in cross-border broker aggregation but operates as an affiliation network rather than a fully owned consolidation platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
SABSEG social profiles
Digital presenceSABSEG financial estimates
Financial estimateRevenue estimate
Valuation estimate
SABSEG leadership team
Management profileNumber of profiles
SABSEG subsidiaries and ownership
Company hierarchySubsidiaries6 records
SABSEG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SABSEG M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SABSEG
What does SABSEG do?
SABSEG acts as an insurance broker and intermediary, advising on and arranging personal and commercial coverage. It also provides business risk-management solutions, with specialized multilingual insurance services for expatriates and high-net-worth individuals.
Is SABSEG a public or private company?
SABSEG is a private company. It is classified as private equity controlled and is currently operating.
When was SABSEG founded?
SABSEG was founded in 2021. It employs 501 to 1,000 people.
Where is SABSEG based?
SABSEG is headquartered in Lisboa, Portugal, in the Europe region.
How does SABSEG make money?
One revenue line is on record: insurance intermediation.
Who are SABSEG's main competitors?
Regional players on record are Grupo Prebal (Willis Iberia / local Spanish brokers), Grupo Catalana Occidente and Mapfre. Broad incumbents are Arthur J. Gallagher & Co., Marsh McLennan, WTW (Willis Towers Watson) and Aon plc. Direct peers are Acrisure and Howden Group. Brokerslink is listed as an emerging player.
Does SABSEG have an API?
No public API is recorded for SABSEG.
What industry is SABSEG in?
SABSEG's product category is Insurance Brokerage and Risk Advisory. Its primary akta.pro industry code is FSAEADAB, Commercial Lines Insurance Brokerage, with a secondary code of FSAEADAA, Retail (Personal Lines) Insurance Brokerage. Its NAICS code is 52421 and its SIC code is 6411.