What Kam Seguros does

Kam Seguros, legally KAM Y ASOCIADOS PANAMA S A, is a Panama-based insurance brokerage founded in 1974 (with one source citing 1977) and headquartered in Panama City's financial district. The company operates as an intermediary between clients and insurance carriers, earning commissions on policies placed with local and international insurers. Kam's product portfolio is organized into Personal Insurance (auto, health, life, household, content, luxury cars, yachts, aviation, equestrian, professional athlete, kidnap/ransom/extortion, personal art/jewelry/collectibles, personal accidents, and travel) and Corporate Insurance (bonds, fire, construction and engineering, manufacturing, financial institutions, logistics/multimodal transportation, import/export, retail, educational institutions, hospitals, professional and amateur sports, rural/agriculture, art/jewelry/collectibles, fleet, group life, group health, commercial, civil liability, cyber crime, theft/robbery, employee fidelity, and glass), plus maritime, air, and land transportation insurance.

The company delivers service through a sales-led, relationship-based model: dedicated account executives handle risk analysis, policy negotiation, program structuring, claims support, and ongoing administration. Technology consists of a mobile application (iOS and Android) for policy status checking and the Kam 24 phone-based 24-hour automobile claims assistance service; the company's own materials emphasize its human capital rather than proprietary AI or ML systems. Customer engagement is multi-channel, with a trilingual (Spanish, English, Chinese) website, physical branches, phone/email, and customer testimonials.

Distribution is anchored by six Panama branch offices (Panama City, Colón, Penonomé, David, Santiago, Aguadulce) and a regional Cenbrok network of affiliated brokerages covering Costa Rica (IBG), El Salvador (BeSafe), Guatemala (Todo Riesgo), Honduras (Concorse), and Nicaragua (Trust Correduria). Pricing is quote-based with no publicly disclosed standard tiers; contracts are typically multi-year. The company claims over $350 million in total claims paid to insured clients, 97.5%+ customer satisfaction and retention, and 3,000+ corporate customers, and operates with 11-50 employees.

Name

Kam Seguros

Legal name

KAM Y ASOCIADOS PANAMA S A

Website

https://kampasa.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

Kam Seguros is a Panama-based insurance brokerage founded in 1974, placing personal and corporate policies with local and international insurers for clients across Panama and Central America via six Panama branches and a multi-country Cenbrok regional network.

Ownership category

akta.pro rank

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Revenue generated through commissions from insurance products placed with insurance companies. The company acts as an intermediary between clients and insurers, earning brokerage fees on policies issued.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Kam Seguros is an insurance brokerage that intermediates between clients and insurance companies, negotiating and placing personal and corporate insurance policies in both local and international insurance markets. The company advises clients on coverage selection, structures insurance programs with optimal terms from multiple insurers, manages policies, and supports claims handling. It operates through six Panama branch offices plus Cenbrok regional offices across Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua, supplemented by the Kam 24 round-the-clock automobile claims assistance service and a mobile application for policy management.

Product overview

Kam Seguros (KAM Y Asociados Panama S.A.) is a Panama-based insurance broker with over 47 years of experience offering a comprehensive portfolio of personal and corporate insurance products. The company operates as a broker providing access to both local and international insurance markets, with physical branch offices across Panama (Panama City, Colón, Penonomé, David, Santiago, Aguadulce) and affiliated operations in Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. The product portfolio is organized into Personal Insurance (including Auto, Health, Life, Household/Content, Yacht, Aviation, Equestrian, Professional Athlete, Kidnap/Ransom/Extortion, Personal Art/Jewels/Collectibles, Luxury Cars, Personal Accidents, and Travel) and Corporate Insurance (including Bond/Fianzas, Fire, Construction & Engineering, Manufacturing, Financial Institutions, Logistics/Multimodal Transportation, Import/Export, Retail, Educational Institutions, Hospitals/Health Centers, Professional Sport, Amateur/Recreational Sport, Equestrian, Rural/Agriculture, Art/Jewels/Collectibles, Fleet Insurance, Group Life, Group Health, Commercial Insurance, Civil Liability, Cyber Crime, Theft/Robbery, Employee Fidelity, and Glass Insurance). Transportation-specific products include Maritime, Air, and Land transportation insurance. The company supplements its insurance offerings with Kam 24 (24-hour claims assistance service), a mobile app for policy management, and personalized customer service with dedicated account executives. The company also provides risk analysis, policy structuring, claims handling, and industrial safety studies as part of its service offering.

Differentiator

Problem solved

Functional benefit

Brands

• Cenbrok: Regional brand network for Kam Seguros operations across Central America, including Costa Rica (IBG), El Salvador (BeSafe), Guatemala (Todo Riesgo), Honduras (Concorse), and Nicaragua (Trust Correduria).
• Kam 24

Products and services

• Personal Auto Insurance Vehicle insurance covering bodily injury, third-party property damage, medical expenses, comprehensive coverage, collision, fire, and theft for private and commercial vehicles; targeted at individual vehicle owners.
• Personal Health Insurance Individual health coverage including hospitalization, emergency care, outpatient surgery, medical consultations, laboratory tests, X-rays, prescription medicines, and maternity benefits; targeted at individuals and families.
• Personal Life Insurance Savings and protection product for loved ones covering death from natural causes, illness, or accident, with supplementary benefits including premium exemption, accidental death coverage, capital advance, total disability, critical illness, daily hospitalization allowance, and mortgage involuntary unemployment coverage; targeted at individuals and families.
• Household Insurance Multi-risk residential coverage protecting residence and contents from partial or total damages including fire, lightning, explosion, earthquake, windstorms, hurricanes, cyclones, typhoons, tornadoes, falling trees, vehicle impact, flooding, water damage, vandalism, robbery, assault, general liability, glass breakage, electronic equipment, and personal accidents; targeted at homeowners.
• Content Insurance (Personal) Coverage for household contents against fire, earthquake, or theft on the property; targeted at individual homeowners and tenants.
• Specialty Personal Lines (Luxury Cars, Yachts, Aviation, Equestrian, Professional Athletes, Kidnap/Ransom/Extortion, Art/Jewels/Collectibles) Specialty personal insurance covering luxury/high-value vehicles, yachts and vessels, aircraft, equestrian activities and horses, professional athletes, kidnap/ransom/extortion situations, and personal art/jewelry/collectibles; targeted at high-net-worth individuals with specialized coverage needs.
• Bond Insurance (Fianzas) Bonds for public bidding, contract execution, broker bonds, customs bonds, and custody bonds with competitive rates and expedited issuance; targeted at businesses needing surety coverage.
• Fire Insurance Protection for residences or businesses against economic losses from fire, covering property damage, smoke damage, firefighting costs, lightning damage, explosion damage, and debris removal; targeted at residential and commercial property owners.
• Construction & Engineering Insurance Coverage for industrial projects including machinery breakdowns, equipment failures, and assemblies damage; also offers professional liability insurance for architectural, engineering, and consulting firms; targeted at construction and engineering firms.
• Manufacturing Insurance Coverage for large manufacturing industries against physical damage, public liability, and third-party property damage, including machinery, personnel, and produced merchandise risks; targeted at large manufacturing companies.
• Financial Institutions Insurance Coverage for financial institutions against losses from dishonest or fraudulent employee acts, individually or in collusion, including Cyber Crime Insurance; targeted at banks and financial institutions.
• Logistics and Multimodal Transportation Insurance Coverage for goods during transfer and storage periods, including transportation and warehousing insurance (STP), warehouse civil liability, directors and officers insurance, warehouse fire insurance, and refrigerated/special cargo insurance; targeted at logistics and transportation companies.
• Import and Export Insurance Coverage ensuring goods and containers are protected during transit, preventing loss, delays, or damage including goods transportation and warehousing insurance (STP) and commercial transport equipment fleets; targeted at importers and exporters.
• Retail Insurance

Quantifiable outcome

• 97.5%+ customer satisfaction and retention rate
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered regional.

• Costa Rica (IBG)regionalOthersRegional partner office operating under the IBG brand in Costa Rica, part of the Cenbrok network of insurance brokers across Central America
• El Salvador (BeSafe)regionalOthersRegional partner office operating under the BeSafe brand in El Salvador, part of the Cenbrok network of insurance brokers across Central America
• Guatemala (Todo Riesgo)regionalOthersRegional partner office operating under the Todo Riesgo brand in Guatemala, part of the Cenbrok network of insurance brokers across Central America

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Acrisure: Tech-enabled, rapidly growing insurance brokerage. Comparable as a private broker that has scaled rapidly through acquisitions and has invested heavily in technology, representing both a competitive threat and a possible partnership or roll-up model.
• Hub International: Privately held North American insurance brokerage. Comparable as a private, acquisition-driven broker expanding through regional hubs, mirroring the Cenbrok network strategy of building multi-region presence through partnerships and acquisitions.
• Lockton: Largest privately held global insurance brokerage. Closely comparable as a privately-held broker competing in specialty and commercial lines with strong international placement capabilities, providing a relevant model for how a private broker can scale globally.
• Alliant Insurance Services: Specialty insurance brokerage serving commercial clients across multiple industries. Comparable in focus on specialty commercial lines and middle-market corporate clients with multi-carrier placement strategy.
• Howden: Privately held global insurance broker with rapidly growing Latin American operations. Comparable as an employee-owned broker expanding through acquisitions into specialty and emerging-market segments.
• Brown & Riding Insurance Services: Specialty insurance brokerage focused on niche and complex risks. Directly comparable as a specialty broker operating in marine, aviation, cyber, professional lines and other hard-to-place coverage, mirroring Kam's specialty orientation.

Broad incumbents

• Aon: Global insurance and reinsurance brokerage with strong presence across Latin America including Central America. Directly comparable business model of brokering commercial and specialty risks to corporate clients with international market access.
• Arthur J. Gallagher & Co. Global insurance brokerage and risk management services firm. Closely comparable in focus on middle-market and specialty commercial insurance placement, with growing Latin American footprint.
• Willis Towers Watson (WTW): Global advisory, brokerage, and solutions firm with insurance brokerage operations across Latin America. Comparable as a multi-line broker serving corporate clients with specialty placement capabilities.
• Marsh & McLennan: Global insurance brokerage and risk advisory firm with established Latin America operations. Comparable as a multi-line insurance broker serving corporate clients with specialty and international placement capabilities, though at vastly greater scale and broader geographic reach than Kam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/KamSeguros

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 Kam Seguros