SABSEG

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

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

• Insurance brokerage services
• Personal lines insurance
• Commercial lines insurance
• Risk management advisory
• Insurance intermediation

Headquarters

HQ city

Lisboa

HQ country

Portugal

HQ region

Europe

Offices4 records

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 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

Core 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

Named customers2 records

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

Six partnerships are on record, tiered core and minor.

• Op de Beeck & WorthcoreStrategic or Co-development Partner · 3 February 2026Long-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 BrokercoreStrategic or Co-development Partner · 16 July 2025Italian 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.
• BanasegurminorStrategic or Co-development Partner · 1 January 2021Integrated brokerage from SABSEG's consolidation platform launched in 2021. Part of the original aggregation of brokerages under the platform.
• Ores & BryanminorStrategic or Co-development Partner · 1 January 2021Integrated brokerage from SABSEG's consolidation platform launched in 2021. Part of the original aggregation of brokerages under the platform.
• Brokers ConsultoresminorStrategic or Co-development Partner · 1 January 2021Integrated brokerage from SABSEG's consolidation platform launched in 2021. Part of the original aggregation of brokerages under the platform.
• Sabseg SegurosminorStrategic or Co-development Partner · 1 January 2021Portuguese 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

Regional 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

• Xx.com/sabsegseguros
• Facebookfacebook.com/sabsegseguros

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about SABSEG