What Groupe Ascoma does

Groupe Ascoma is a pan-African insurance brokerage group headquartered in Monaco, operating through 29 subsidiaries across 23 African countries with a workforce of more than 800 employees spanning 36 nationalities. Founded as a Paris-based brokerage in 1952 and subsequently re-anchored in Monaco, the group has built the largest independent insurance brokerage network in sub-Saharan Africa, complemented by correspondent relationships spanning 54 African countries. It serves a broad client base including large multinational corporates, regional enterprises, SMEs, public-sector bodies, and individuals, with concentration in oil and gas, banking, telecommunications, agriculture, energy, mining, construction, retail, and transportation.

The group's core offering is insurance and reinsurance brokerage, augmented by risk management advisory and the PACTILIS health insurance management platform launched in 2003. Underlying technology includes a proprietary biometric-enabled third-party payment system for claims management, ISO 9001:2015-certified processes (notably in Gabon), and real-time database systems supporting cross-border policy administration. The firm is registered with ORIAS and regulated under ACPR oversight, providing European-standard compliance credibility to multinational clients operating in African jurisdictions. Workforce tenure averages seven years, indicating deep localized underwriting and client-management expertise.

The business model is commission-based, with the group placing premiums on behalf of clients with underwriters and earning brokerage commissions on placed volume. Ascoma reports managing "billions of euros" of premiums annually. Since 2021, the group has operated as a subsidiary of Chedid Capital Holding, which acquired an initial 80% stake in February 2021 and the remaining 20% in 2024, completing a full privatization. Strategic positioning emphasizes geographic continuity (70+ years on the continent), regulatory compliance, and an ability to serve complex multinational risks across multiple African jurisdictions from a single contractual relationship.

Name

Groupe Ascoma

Legal name

ASCOMA Assureurs Conseils, Société Anonyme Monégasque au capital de 5.000.000 €

Website

https://ascoma.com

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

251–500 employees

Short description

Groupe Ascoma is a pan-African insurance brokerage group headquartered in Monaco, operating across 23 African countries with 800+ employees. It provides insurance and reinsurance brokerage, risk management, and health insurance administration through its PACTILIS platform to multinationals, enterprises, SMEs, and public bodies.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Eligibility, Enrollment & Benefits Administration (HLAEALAH)

Keywords

• Insurance brokerage services
• Reinsurance brokerage
• Risk management advisory
• Corporate insurance programs
• Health insurance management

Headquarters

HQ city

Monaco

HQ country

Germany

HQ region

Europe

Offices23 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 Brokerage Commissions: ASCOMA earns commissions from insurance companies for placing client policies. The company acts as intermediary between clients and insurers, negotiating the best coverage conditions and rates on behalf of clients.
2. Reinsurance Brokerage: ASCOMA provides reinsurance brokerage services, delivering innovative and sustainable insurance and reinsurance investments with expertise in treaty and facultative reinsurance.
3. Healthcare Cost Management (PACTILIS): Revenue from managing healthcare plans for companies including third-party payment administration, network management of medical providers, claims processing, and health plan auditing and monitoring services.
4. Risk Management Consulting: Fees for risk management advisory services including risk identification, mapping, scenario establishment, prevention actions, and coverage solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Groupe Ascoma is a pan-African insurance and reinsurance brokerage group that advises enterprises, SMEs, public bodies, and individuals on risk identification, places policies with insurers on their behalf, and manages claims. The ASCOMA Health/PACTILIS division runs a healthcare cost-management platform built around a third-party payment system, an internationally valid ASCOMA Health Card with barcode verification, and a biometric claims framework, deployed across a network of approved medical providers in multiple African countries.

Product overview

Groupe Ascoma is a pan-African insurance brokerage group offering a comprehensive portfolio of insurance and reinsurance solutions. The core offering consists of insurance brokerage services for enterprises, individuals, and multi-country operations across 23 African countries, supported by reinsurance brokerage capabilities. The ASCOMA Health/PACTILIS sub-brand provides healthcare cost management solutions including a third-party payment system, the ASCOMA Health Card with international barcode verification, and access to a network of accredited medical providers. Risk management advisory services complement the brokerage offerings. The group operates through regional hubs and subsidiaries, serving multinationals, SMEs, public bodies, and individuals, with 800 employees managing premiums across the continent.

Differentiator

Problem solved

Functional benefit

Brands

• PACTILIS: Healthcare division network for health insurance and third-party payment system management across Africa. Operating since 2003.
• Ascoma Health

Products and services

• Enterprise Insurance Brokerage Services Insurance brokerage services for enterprises covering property, liability, fleet, professional indemnity, construction, energy, oil and gas, mining, telecommunications, transportation and other commercial risks. Includes risk analysis, consulting, policy placement and claims management across all ASCOMA subsidiary markets.
• Personal Insurance Brokerage Services Personal insurance brokerage for individuals and families covering health, property, automobile, retirement and personal protection needs. Served through local ASCOMA offices across 23 African countries.
• Multi-Country Insurance Solutions Insurance brokerage solutions designed for companies operating across multiple African countries, providing coordinated placement, local compliance, and unified program management through ASCOMA's subsidiary and correspondent networks.
• Reinsurance Brokerage Reinsurance brokerage services delivering treaty and facultative reinsurance placements for insurance companies and large corporates, leveraging relationships with international reinsurance markets through Chedid Re (Lloyd's broker and one of the world's top 20 reinsurance brokers).
• Risk Management Advisory Risk identification, mapping, scenario analysis, impact measurement, prevention advisory, and integration of coverage solutions for enterprise and public-sector clients across ASCOMA's African markets.
• ASCOMA Health / PACTILIS Healthcare Cost Management Outsourced health plan administration for companies and insurers built around a third-party payment system that lets beneficiaries access care without upfront payment, the ASCOMA Health Card with barcode verification, an approved medical provider network with computerized reception systems, claims processing, biometric identity verification, health plan auditing, and analytics to prevent overuse, over-prescription, fraud and overcharging.

Quantifiable outcome

• Third-party care network expanded throughout all countries of operation
• +1 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Oxford Business GroupminorStrategic or Co-development Partner · 1 January 2022Partnership for publications and thought leadership. ASCOMA has published interviews and articles with Oxford Business Group discussing African insurance market development.
• Chedid Insurance BrokerscoreStrategic or Co-development Partner · 1 January 2021Part of of the same Chedid Capital group. Together with ASCOMA, forms the largest insurance brokerage network in Africa and the Middle East. Active in Saudi Arabia, UAE, Qatar, Egypt, Lebanon, Mauritius, and Cyprus.
• Chedid RecoreStrategic or Co-development PartnerA Lloyd's official broker and one of the 20 largest reinsurance brokers in the world (top 15 according to Farid Chedid's bio). Subsidiary of Chedid Capital. Business originates from over 80 countries.
• SeekewaminorStrategic or Co-development PartnerASCOMA is a privileged partner of the Seekewa project which aims at financing agricultural micro-projects or micro-enterprises with zero-interest loans, having direct impact on families in Ivory Coast.
• CIAN (French Council of Investors in Africa)minorOthersASCOMA is a member of CIAN, which took over activities of the Health & Business Association (where ASCOMA was a member from 2004 to 2016). CIAN focuses on health hazards and supports awareness campaigns.
• Business FranceminorChannel Partner/ Reseller/ DistributorPartnership for the International Voluntary Work in Business (IVWB) program. Business France helps facilitate young graduate placements at ASCOMA subsidiaries across Africa.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Marsh: Global insurance brokerage leader (part of Marsh McLennan) with established African operations serving large multinationals. Comparable to Ascoma in serving enterprise clients across multiple African jurisdictions, though at far larger scale and with broader product suite.
• Aon: Global insurance and reinsurance broker with significant African presence and risk-management consulting capabilities. Directly comparable to Ascoma in serving multinational clients with cross-border brokerage needs, but with much broader global reach.
• Arthur J. Gallagher & Co. Large global insurance brokerage and risk management firm with operations across Africa and emerging markets. Comparable to Ascoma in core brokerage and risk advisory services for enterprise clients, though at much larger scale.
• Willis Towers Watson: Global advisory and brokerage firm with insurance brokerage services across emerging markets including Africa. Competes with Ascoma for multinational and large enterprise mandates, particularly in risk management and reinsurance placement.
• AXA Africa: Global insurer with significant African operations across multiple countries. Competes with Ascoma on the carrier side for client mandates and is a key insurance partner Ascoma places business with; comparable for understanding African insurance market dynamics and customer overlap.

Emerging players

• Lockton: World's largest independent insurance broker with selective emerging-market expansion. Comparable to Ascoma as a privately-held, relationship-driven broker, though with limited African footprint relative to Ascoma's 23-country presence.

Direct peers

• Howden Group: London-headquartered independent insurance broker with growing emerging-markets presence. Comparable to Ascoma as an alternative to the Big-3 global brokers (Marsh, Aon, WTW), particularly for specialty and reinsurance lines.
• Chedid Insurance Brokers: Sister company under Chedid Capital, operating in the Middle East (UAE, Saudi Arabia, Qatar, Egypt, Lebanon). Together with Ascoma forms the largest insurance brokerage network in Africa and the Middle East, making it the closest functional peer in terms of parent, business model, and cross-border client servicing.

Regional players

• Santam: South Africa's largest short-term insurer with broker distribution across the continent. Comparable to Ascoma in pan-African risk placement, though more Southern Africa-focused and operating primarily as a carrier rather than pure broker.
• Old Mutual Emerging Markets: Pan-African financial services group offering insurance, investments, and wealth management across multiple African markets. Overlaps with Ascoma in serving enterprise and individual insurance needs in sub-Saharan Africa, though with broader financial-services product set.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ascoma
• Facebookfacebook.com/groupeascoma

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries22 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 Groupe Ascoma