What Stein Bestasig does

Stein Bestasig Insurance Broker SRL is a privately held Romanian commercial insurance brokerage founded in 2004 and headquartered in Bucharest at Strada Profesor Ion Bogdan nr. 4-6, Sector 1. The firm was created in 2012 from the merger of Stein Insurance Broker and Bestasig Insurance Broker, and since 2024 has operated as a subsidiary of PIB Group Limited, one of the largest European insurance broker platforms (110+ brokers, 3.1 billion EUR Gross Written Premium, registered in England and Wales, company number 09900466).

The company functions as an independent intermediary, placing coverage for commercial clients through a multi-carrier panel of more than 16 insurance providers including Allianz, Generali, Omniasig, Uniqa, Groupama, ASIROM, Coface, Colonnade, Exim, Grawe, Axeria and Medihelp. Its product catalog spans 23+ insurance lines — property and business interruption, machinery breakdown, electronic equipment, public and product liability, professional indemnity, D&O, employers liability, environmental liability, cyber risks, trade credit, surety bonds, cargo, group life, group health and specialty lines such as terrorism, product recall and CAR/EAR — distributed across approximately 20 vertical specializations including agriculture, aviation, private equity, renewable energy, digital economy, healthcare, manufacturing, transport and the public sector.

Stein Bestasig generates revenue through commissions paid by carrier partners for placed premium (professional-services model), with no publicly disclosed pricing tiers because each policy is quote-based and tailored to client risk profile. Reported operating indicators include 1,165 satisfied clients, a 96.2% client retention rate, 93.79% customer satisfaction (CSI survey, October 2021) and 35,089,639 Lei in claims payments facilitated for clients. The firm maintains professional liability insurance coverage of 43.38 million EUR, well above the 1.25 million EUR regulatory minimum, and is a member of UNSICAR (the Romanian Union of Insurance Brokers). The headcount is stated at approximately 68 people across management, sales and support functions.

Name

Stein Bestasig

Legal name

Stein Bestasig Insurance Broker SRL

Website

https://steinbestasig.ro

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Stein Bestasig is an independent Romanian insurance brokerage (Bucharest), founded 2004 and part of PIB Group since 2024, placing 23+ commercial insurance lines from 16+ carriers across 20 industry verticals for approximately 1,165 Romanian business clients on a commission basis.

Ownership category

akta.pro rank

Product category

Commercial Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industry

Aviation Specialty (FSAJAGAK)

Keywords

• Commercial insurance brokerage
• Property and casualty insurance
• Professional indemnity coverage
• Cyber liability insurance
• Group health insurance

Headquarters

HQ city

Bucharest

HQ country

Romania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance brokerage commissions: As an independent insurance broker, STEIN Bestasig generates revenue through commissions from insurance companies for placing insurance policies with commercial clients. They represent multiple insurance providers to offer diverse coverage options.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Stein Bestasig is an independent insurance brokerage based in Bucharest, Romania, operating since 2004. The firm intermediates commercial insurance solutions for businesses across multiple industry verticals by placing client risks with more than 14 insurance providers and offering a catalogue of 35+ insurance products. Core lines include property, general and professional liability, motor fleet, marine cargo, aviation, D&O, cyber, and group health insurance.

Product overview

Stein Bestasig is an independent insurance broker offering a comprehensive portfolio of insurance products and services across multiple industry sectors and insurance types. The company provides specialized coverage for commercial clients including property insurance (Property & Business Interruption, Electronic Equipment, Machinery Breakdown), liability insurance (Public & Products Liability, Professional Indemnity, D&O, Employers Liability, Environmental Liability), specialty lines (Cyber Risks, Trade Credit, Surety Bonds, Cargo), and employee benefits (Group Life, Group Health, Business Travel). Their offering covers industries such as Agriculture, Aviation, Construction, Manufacturing, Healthcare, Retail, Transportation, and Renewable Energy. As part of PIB Group since 2024, they serve clients across Romania with access to multiple insurance company partners.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Insurance
• General Liability Insurance
• Professional Indemnity Insurance
• Motor Vehicle Insurance
• Cargo and Marine Insurance
• Aviation Insurance
• D&O Insurance
• Cyber Insurance
• Group Health Insurance
• Agriculture Insurance
• Construction Insurance

Quantifiable outcome

• 96.2% client retention rate demonstrating strong customer loyalty
• +3 more outcomes

Segments19 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and minor.

• PIB GroupcoreStrategic or Co-development Partner · 1 January 2024Since 2024, STEIN Bestasig is part of PIB Group, one of the largest European insurance brokers with over 110 brokers across almost all European countries and 3.1 billion Euro in Gross Written Premium. PIB Group Limited is registered in England and Wales (company number 09900466).
• AllianzminorOthersInsurance company partner shown in company logos section
• GeneraliminorOthersInsurance company partner shown in company logos section
• OmniasigminorOthersInsurance company partner shown in company logos section
• UniqaminorOthersInsurance company partner shown in company logos section
• GroupamaminorOthersInsurance company partner shown in company logos section
• ASIROMminorOthersInsurance company partner shown in company logos section
• CofaceminorOthersInsurance company partner shown in company logos section (trade credit insurance specialist)
• ColonnademinorOthersInsurance company partner shown in company logos section
• EximminorOthersInsurance company partner shown in company logos section
• AlliantminorOthersInsurance company partner shown in company logos section
• GraweminorOthersInsurance company partner shown in company logos section
• SignalminorOthersInsurance company partner shown in company logos section
• AxeriaminorOthersInsurance company partner shown in company logos section
• MedihelpminorOthersInsurance company partner shown in company logos section (health insurance specialist)

Scale indicators7 records

Recent moves7 records

Expansion highlights4 records

Regional players

• Euroins Romania: Insurance carrier and affiliated distribution in Romania. Adjacent comparable as a Romanian market participant influencing carrier panel dynamics and commission structures for local brokers like Stein Bestasig.
• IGE+ (IGE Group): Independent Romanian insurance broker with corporate and specialty focus. Comparable as a domestic peer competing for the same mid-market commercial accounts in Romania.

Broad incumbents

• PIB Group: Parent company and pan-European insurance brokerage platform. Directly comparable as the parent consolidator and as a peer in the European mid-market commercial brokerage segment.
• Marsh (Marsh & McLennan): Global insurance brokerage and risk advisory firm. Comparable because Stein Bestasig serves similar commercial client needs (property, liability, cyber, specialty lines) via the broker model, but at vastly larger scale.
• Aon: Global risk, insurance brokerage and reinsurance advisory. Comparable as a competing commercial insurance intermediary offering property, casualty, specialty and reinsurance placement to corporate clients.
• Willis Towers Watson (WTW): Global advisory, brokerage and solutions firm. Comparable as a multi-line insurance broker placing commercial property, casualty, aviation, cyber and specialty coverages for mid-market and large clients.
• Arthur J. Gallagher & Co. US-headquartered global insurance brokerage and risk management firm. Comparable as a multi-carrier commercial broker with strong specialty practice across aviation, energy, cyber and construction.
• Lockton: World's largest privately held insurance brokerage. Comparable as a privately owned, specialty-heavy broker serving commercial clients with property, casualty, aviation, energy and cyber coverage.

Direct peers

• Howden Group: Independent, employee-owned international insurance broker with a strong European footprint. Closely comparable as a privately held, multi-line commercial broker competing in the same mid-market and specialty segments.
• Inter Broker de Asigurare: Romanian insurance brokerage operating in the same domestic market. Directly comparable as a local competitor placing commercial P&C, motor and specialty lines with multiple carriers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/SteinBestasig
• LinkedInlinkedin.com/company/about

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 Stein Bestasig