El Surco

What El Surco does

El Surco Compañía de Seguros S.A., trading as Surco Seguros, is an Argentine multi-line insurance company incorporated as a Sociedad Anónima and registered with the Superintendencia de Seguros de la Nación under Registration No. 0006. Founded in 1924 and headquartered at Maipú 1300, Piso 21 in Buenos Aires, the company operates three distribution lines: Personas (14 personal insurance products covering life, health, burial, accidents, home, mobile devices, pets, income protection, and cybercrime), Corporativos (6 commercial packages, group life with savings, debt-balance life, group burial, football league coverage, and corporate cybercrime), and Cauciones (5 surety bond products for rental guarantees, environmental liability, director liability under IGJ Resolution 15/2021, construction/supply contracts, and judicial bonds).

The underlying technology consists of conventional insurance infrastructure rather than an AI-native platform: SSN-certified digital policy issuance (Póliza Digital), a self-service customer portal at online.surcoseguros.com.ar, a dedicated Producer/Agent (PAS) portal at productores.surcoseguros.com.ar, and an online NCA Calculator for environmental insurance complexity assessment. No proprietary AI/ML models, data assets, or algorithm-driven underwriting are disclosed in available sources.

The business model is subscription/recurring premium-based across personal, corporate, and surety lines, with quote-based pricing that is not publicly disclosed. Revenue is generated through annual and monthly premiums distributed via an omnichannel network that combines a licensed PAS producer/agent network, 20+ commercial advisors, 0810 phone lines, WhatsApp Business, dedicated landing pages, and the online portals. Cumulative policy issuance is documented at 80,000+ for caución products, 5,000+ for rental bonds, and 1,000+ for environmental coverage. The company is privately held with no parent entity, no external funding rounds, and no documented M&A activity, operating exclusively within Argentina.

Name

El Surco

Legal name

El Surco Compañía de Seguros S.A.

Website

https://surcoseguros.com.ar

Company type

Private

Founded year

1924

Operating status

Operating

Headcount range

101–250 employees

Short description

El Surco is a 100-year-old Argentine multi-line insurance company offering personal, corporate, and surety bond products, distributed via a producer agent network, online portals, and direct sales across Argentina.

Ownership category

akta.pro rank

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Personal Lines Insurance Premiums: Annual and monthly premium payments from individual customers for personal insurance products including accidents, life, health, home, pet, and mobile insurance. Policies are typically annual with automatic renewal.
2. Corporate Insurance Premiums: Annual premiums from businesses for corporate insurance products including commerce insurance, group life, collective burial, and cyber insurance.
3. Surety Bond (Caución) Premiums: Premiums from surety bond products including rental guarantees, environmental bonds, director bonds, construction/supply bonds, and judicial bonds. Issued as digital policies certified by SSN.
4. Health Insurance Premiums: Premiums for health insurance covering surgeries, cancer diagnosis, critical illness, and hospitalization. Offered as individual or family plans.
5. Life Insurance Premiums: Life insurance products including individual life, credit life (saldo deudor), group life with savings component. Premiums paid monthly or annually with sums insured based on plan selected.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

El Surco is a multi-line Argentine insurance company that underwrites and distributes personal, corporate, and surety bond insurance products. The Personas (personal) line includes life, health, accident, home, mobile, pet, and cybercrime coverage; the Corporativos (corporate) line includes commerce packages, group life, debt-balance life, group burial, and sports league coverage; the Cauciones (bonds) line issues rental guarantees, environmental bonds (SAO), director/officer bonds, construction and supply bonds, and judicial bonds. Policies are distributed through a network of licensed insurance producers (PAS), direct phone/WhatsApp sales, and self-service online portals.

Product overview

Surco Seguros operates as a multi-line insurance company with three main business segments: Personas (individual), Corporativos (corporate), and Cauciones (bonds/guarantees). The Personas portfolio includes 14 distinct personal insurance products covering life, health, burial, accidents, home, mobile, pets, income protection, and cybercrime. The Corporativos segment offers 6 business insurance solutions including commercial packages, group life, debt balance life, and sports league coverage. The Cauciones division provides 5 types of surety bonds for rental, environmental, directors, construction/supplies, and judicial requirements. With over 100 years in the market, the company delivers these products through direct sales channels including online portals for clients and authorized producers (PAS), with a network of over 20 commercial advisors.

Differentiator

Problem solved

Functional benefit

Brands

• Surco Ambiental: Specialized environmental liability insurance product (Seguro Ambiental Obligatorio - SAO) for businesses requiring mandatory environmental coverage under Argentine law.

Products and services

• Accidentes Personales Personal accident insurance protecting individuals against contingencies and accidents during work activities, including medical-pharmaceutical assistance. Targeted at individual consumers.
• Sepelio (Burial Insurance) Burial insurance providing 24/7 nationwide assistance for funeral arrangements and administrative management. Targeted at individual consumers and families.
• Vida (Life Insurance) Individual life insurance covering death, critical illnesses, and cancer diagnosis, with coverage from ages 14-64, renewable annually. Targeted at individual consumers.
• Salud Plan Individual (Individual Health Insurance) Individual health insurance providing lump-sum compensation for cancer, heart attack, and surgical interventions, with 24/7 medical consultations, programmed specialist appointments, and video consultations. Targeted at individual consumers.
• Salud Plan Familiar (Family Health Insurance) Family health insurance covering up to 4 family members, including extended home care (180 days), critical illness, cardiovascular surgeries, high-complexity surgeries, daily hospitalization income (up to 15 days), and cancer diagnosis indemnification. Targeted at families with maximum entry age of 64 years.
• Ciberdelito Personas (Personal Cybercrime Insurance) Cybercrime protection for individuals covering identity theft, online fraud, and cyber extortion. Targeted at individual consumers.
• Hogar (Home Insurance) Home insurance covering building fire, general fire content, theft, and all-risk electronics for households. Targeted at individual consumers and families.
• Móvil (Cell Phone Insurance) Cell phone insurance covering theft of declared equipment identified by IMEI in public spaces, available 24/7 across Argentina. Targeted at individual consumers.
• Mascotas (Pet Insurance) Pet insurance covering veterinary expenses for accidents and illness, medications, civil liability, burial, and search-and-rescue costs. Targeted at pet-owning consumers.
• Integral de Comercio (Commercial Package Insurance) Comprehensive business insurance covering fire, glass, values in transit, technical insurance, civil liability, theft, water damage, and computer equipment. Targeted at commercial businesses.
• Vida Saldo Deudor (Credit Life Insurance) Life debt-balance insurance guaranteeing loan or debt payoff in case of death or total permanent disability of the insured. Targeted at lenders and businesses extending credit.
• Vida Colectivo (Group Life Insurance) Group life insurance with additional coverage for accidental death, total permanent disability, terminal illness advance, and cancer diagnosis advance. Targeted at employers sponsoring employee benefits.
• Ligas de Fútbol (Sports League Insurance) Sports league insurance providing mandatory life coverage for spectators and personal accident insurance for players and club officials. Targeted at football/sports clubs and leagues in Argentina.
• Ciberdelito Corporativos (Business Cybercrime Insurance) Business cybercrime protection covering cyberattack incidents, identity theft, home system attacks, online fraud, and cyber extortion. Targeted at businesses.
• Caución Alquiler (Rental Surety Bond) Rental bond insurance acting as joint and several guarantor with waiver of division and excussion benefits, covering improper occupation and replacing traditional security deposits. Targeted at landlords and tenants in Argentina.
• Caución Ambiental (Environmental Surety Bond - SAO) Mandatory environmental bond insurance required for activities with environmental risk, complying with Argentine Law 25.675. Targeted at industrial and commercial companies with environmental liability exposure.
• Caución Directores (Director Surety Bond) Director and manager bond insurance required by IGJ Resolution 15/2021, covering amounts between $300,000 and $1,000,000 pesos per director. Targeted at corporations registered with the Inspección General de Justicia (IGJ).
• Caución Obras y Suministros (Construction and Supply Bonds) Construction and supply bonds including bid bonds, financial advances, contract fulfillment, and repair funds. Targeted at construction companies and suppliers executing contracts in Argentina.
• Caución Judiciales (Judicial Surety Bond)

Quantifiable outcome

• Policy issuance in 48 hours or less for caución products
• +4 more outcomes

Named customers4 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

Feature4 records

Partnerships

One partnership is on record.

• Inspección General de Justicia (IGJ)coreStrategic or Co-development PartnerArgentine government body regulating corporations. IGJ Resolution 15/2021 mandates surety bonds for directors and managers of corporations. Surco offers IGJ-compliant director surety bonds per these requirements.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sancor Seguros: Leading Argentine cooperative insurance group offering multi-line personal, commercial, and surety products through a nationwide distribution network. One of El Surco's closest direct comparables in product mix, Argentine market focus, and mid-tier carrier positioning.
• La Caja Seguros: Argentine multi-line insurance carrier providing personal and commercial offerings across the country. Directly comparable to El Surco in scale, geography, and product breadth, with overlapping segments in life, home, auto, and corporate lines.
• Federación Patronal Seguros: Argentine cooperative insurance carrier operating in personal, commercial, and worker compensation lines nationwide. Comparable product portfolio and similar regional distribution model that competes with El Surco in core Argentine segments.
• Río Uruguay Seguros: Regional Argentine insurance carrier with diversified personal and commercial offerings. Comparable mid-tier size and Argentine regional focus, overlapping with El Surco in auto, home, life, and SME commercial products.
• La Segunda Seguros: Argentine cooperative insurer offering personal, commercial, and worker compensation lines with national reach. Similar product breadth to El Surco and overlapping competitive positioning in the mid-tier Argentine insurance market.

Broad incumbents

• Mapfre Argentina: Subsidiary of Spanish multinational Mapfre offering broad multi-line insurance in Argentina. Overlaps with El Surco's offerings across personal, commercial, and surety but operates as part of a larger global insurance group with substantially deeper capital.
• Zurich Argentina: Local operations of global insurer Zurich offering personal and commercial lines. Competes with El Surco in corporate and personal segments with significantly greater capital backing, brand recognition internationally, and reinsurance capacity.
• Chubb Argentina: Local operations of Chubb offering specialty and multi-line coverage in Argentina. Overlaps with El Surco in commercial lines, cyber, and personal accident products, with deeper specialty underwriting capabilities and global parent resources.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/elsurcoseguros
• Xx.com/elsurcoseguros

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 El Surco