SECURIMUT

What SECURIMUT does

SECURIMUT is a French insurance-as-a-service platform specializing in mortgage loan insurance (assurance emprunteur). Founded in 2006 and headquartered at 222 cours Lafayette in Lyon's Part-Dieu district, the company operates as a wholly-owned subsidiary of MACIF, a major French mutual insurance group with 5.8 million members and more than 11,000 employees. SECURIMUT functions as a white-label B2B service provider, designing, distributing, and administering borrower insurance products on behalf of partner insurers and distribution networks. Named partners include Generali France, Malakoff Humanis, PRO BTP, SMA BTP, IRP Auto, MAPA, MNCAP, MUTLOG, Prévoyance, MNPAF, MDC Nouvelle Calédonie, and Fidelidade. It targets a French borrower insurance market of approximately €7 billion in annual premiums across roughly 7 million households, where banks continue to hold around 84% of contracts despite successive legislative reforms.

The offering rests on a proprietary white-label insurance platform covering the full policy lifecycle: product design, omnichannel subscription (web, telephone, branch), electronic signature, automated generation of guarantee-equivalence certificates, and policy administration. An integrated medical underwriting service processes standard health questionnaires in approximately one hour and complex cases under the AERAS convention within 48 hours. In 2018, SECURIMUT launched SwitchAssur.fr, a direct-to-consumer comparator that filters contracts against bank equivalence criteria and ranks them by total cost over the loan duration. The company states that over 95% of substitution requests are accepted without difficulty and that it processes several tens of thousands of mortgage insurance files annually, with two-thirds of production coming from mobility-mandate substitution of existing policies.

SECURIMUT monetizes through two channels: recurring service fees and commissions on premiums written under white-label arrangements with partners (its primary stream) and distribution commissions captured via SwitchAssur.fr for direct consumer sales. Pricing on individual contracts is risk-based, varying by borrower age, health status, profession, loan amount, and selected coverage. The company is led by Isabelle Delange (Présidente du Directoire), with Emilie Ruben as spokesperson. All operations, including the telephone platform, medical service, IT, marketing, and claims management, are centralized at the Lyon headquarters; headcount is between 11 and 50 employees, and registered capital is €200,000.

Name

SECURIMUT

Legal name

SECURIMUT

Website

https://securimut.fr

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

SECURIMUT is a French insurance-as-a-service platform that designs, distributes, and administers white-label mortgage loan insurance on behalf of partner insurers and distributors. The wholly-owned MACIF subsidiary also operates SwitchAssur.fr, a direct-to-consumer comparator for insurance substitution.

Ownership category

akta.pro rank

Product category

Mortgage Insurance Services

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421), Insurance Carriers and Related Activities (524)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

akta.pro secondary industries

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL), Insurtech-Enabled Brokerage (Digital Brokers & Aggregators) (FSAEADAN)

Keywords

• Mortgage insurance management
• Borrower insurance distribution
• Insurance product white-label
• Policy administration platform
• Insurance substitution services

Headquarters

HQ city

Lyon

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. White-label B2B Insurance Services: SECURIMUT designs, distributes, and manages bespoke mortgage insurance products for partner insurers and distributors under white-label arrangements. Revenue is generated through service fees and commissions from insurance premiums written on behalf of partners. This is the company's primary business model.
2. Direct-to-Consumer Distribution via SwitchAssur: SECURIMUT distributes insurance products directly to consumers through its SwitchAssur.fr comparator platform, capturing distribution commissions on policies underwritten by partner insurers.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

SECURIMUT designs, distributes, and manages white-label mortgage/borrower insurance (assurance emprunteur) products on behalf of partner insurers and distributors, providing end-to-end capabilities including product design, omnichannel digital subscription tools, electronic signature, policy administration, and integrated medical underwriting. The company also operates SwitchAssur.fr, a direct-to-consumer comparator launched in 2018 for insurance substitution, ranking approximately 7 bank-equivalent contracts by total cost over the loan duration.

Product overview

SECURIMUT operates as a white-label B2B insurance-as-a-service platform for borrower insurance (assurance emprunteur). The core offering includes SECURIMUT's proprietary underwriting and management tools for partner insurers and distributors, complemented by SwitchAssur, a direct-to-consumer comparator launched in 2018 for retail customers. Through the Macif partnership, SECURIMUT also distributes the Garantie Emprunteur Macif (GEM) insurance product. The platform provides end-to-end services including product creation, omnichannel distribution (web, phone, agencies), policy management, medical underwriting, and claims handling.

Differentiator

Problem solved

Functional benefit

Brands

• SwitchAssur: Comparator dedicated to borrower insurance (assurance de prêt) launched by SECURIMUT in 2018, allowing property owners to change their loan insurance easily

Products and services

• SECURIMUT White-label Borrower Insurance Platform White-label platform-as-a-service for the design, distribution, and administration of mortgage/borrower insurance products on behalf of partner insurers, mutual insurers, and distribution networks. Provides 100% digital and omnichannel subscription tools (internet, telephone, agencies), electronic signature, certificate of guarantee equivalence, integrated medical underwriting, and mobility mandate handling for partner-branded products.
• SwitchAssur Comparator Direct-to-consumer online comparator for mortgage/borrower insurance substitution. Presents an average of ~7 contracts adjusted to bank guarantee equivalence, ranked by total cost over the loan duration. Supports 100% online subscription including electronic signature, and SECURIMUT handles all bank liaison on the consumer's behalf via a free mobility mandate.
• Garantie Emprunteur Macif (GEM) MACIF borrower insurance product managed by SECURIMUT, providing coverage for death, PTIA (Permanent Total Incapacity), temporary incapacity (ITT), disability (Invalidité), and other guarantees. Distributed through MACIF's branch network, MACIF website, and SwitchAssur, with certificate of guarantee equivalence.

Quantifiable outcome

• Borrowers can save over €12,000 on a €220,000 mortgage over 20 years by switching to SECURIMUT-partner insurance (example: 32-year-old couple, each insured at 100% in Death/ITT/Invalidity)
• +3 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered flagship, core and minor.

• MACIFflagshipStrategic or Co-development PartnerMACIF is the parent company of SECURIMUT, holding 100% ownership. SECURIMUT manages MACIF's Garantie Emprunteur (GEM) insurance product. MACIF is a major French mutual insurer with 5.8 million members and 11,000+ employees, elected 'Brand Preferred by the French' in 2024. SECURIMUT's headquarters and all operations are integrated within the MACIF group.
• SMA BTPcoreStrategic or Co-development PartnerSMA BTP (Société Mutuelle d'Assurance du BTP) is a reference insurer in construction and real estate, founded in 1859. Its life insurance subsidiary SMAvie BTP offers mortgage insurance products managed by SECURIMUT. The group operates across France and Europe.
• Generali FrancecoreStrategic or Co-development PartnerGenerali France is the French subsidiary of the Italian insurance group Generali (founded 1831, present in 50 countries), France's third-largest insurer with 8 million clients. SECURIMUT manages certain mortgage insurance offerings for Generali France.
• PRO BTPcoreStrategic or Co-development PartnerPRO BTP is a leading social protection group for construction professionals with approximately 3.4 million active and retired members and €7.27 billion in revenue (2018). SECURIMUT manages mortgage insurance offerings for PRO BTP.
• Malakoff HumaniscoreStrategic or Co-development PartnerMalakoff Humanis is a major social protection group formed from the merger of Malakoff Médéric and Humanis in 2019, covering over 9 million people. As a non-profit mutual group, it redirects profits to social utility. SECURIMUT manages mortgage insurance offerings for Malakoff Humanis.
• Prévoyance (Compagnie Française d'Assurances Populaires)coreStrategic or Co-development PartnerFounded in 1910, Prévoir is one of France's oldest insurance groups, created to bring life insurance to modest households. The group serves middle-class individuals, self-employed workers, and small businesses. SECURIMUT manages mortgage insurance offerings for Prévoir.
• MNCAP (Groupe MNCAP)coreStrategic or Co-development PartnerMNCAP is an independent mutual insurance group founded in 1971 in social housing, specializing in provident insurance and pecuniary loss coverage. With over 200,000 members, MNCAP has offered mortgage insurance since its creation and added unemployment insurance in 1985. SECURIMUT manages MNCAP's insurance offerings.
• MUTLOG (Mutuelle du Logement)coreStrategic or Co-development PartnerMUTLOG is a mutual home insurance provider founded in 1981 under ACMIL to serve first-time homebuyers accessing the 1% housing scheme. It was a precursor in mortgage insurance delegation before the Loi Lagarde. MUTLOG is now part of the MATMUT group. SECURIMUT manages its insurance offerings.
• IRP AutocoreStrategic or Co-development PartnerIRP Auto has served professionals in the automobile, cycle, and motorcycle industries for over 70 years through paritarian governance. Beyond supplementary retirement, it has developed a full range of social protection including mortgage insurance. SECURIMUT manages IRP Auto's insurance offerings.
• MAPA (Mutuelle d'Assurance des Professions Alimentaires)coreStrategic or Co-development PartnerMAPA was originally founded to serve food trade and craft professionals. Today it is a mutual insurer with a human-centered approach, serving a broad range of customers. SECURIMUT manages MAPA's insurance offerings.
• MDC (Mutuelle du Commerce Nouvelle Calédonie)minorStrategic or Co-development PartnerMDC is a mutual insurer founded in 1975 for commerce professionals in New Caledonia. As a non-profit organization reinvesting surpluses for members, it provides health coverage and comprehensive social protection. SECURIMUT manages MDC's insurance offerings.
• FidelidademinorStrategic or Co-development PartnerFidelidade is a Portuguese insurance company founded in 1808, operating internationally in Portuguese-speaking countries (Portugal, Cape Verde, Angola, Mozambique, Macao, Peru, Bolivia, Spain) and in France since 1997 through the Caixa Geral de Depósitos network. SECURIMUT manages certain mortgage insurance offerings for Fidelidade France.
• MNPAF (Mutuelle Air France)minorStrategic or Co-development PartnerMNPAF was created in October 1990 by Air France unions and management to provide quality supplementary health coverage for active and retired Air France employees. It joined the MACIF group in 2014 while maintaining its commercial development. SECURIMUT manages MNPAF's insurance offerings.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Magnolia: French digital platform specializing in mortgage insurance comparison and switching. Directly competes with SECURIMUT's SwitchAssur in the loan insurance substitution market, targeting the same borrower segment with a similar comparator-led approach.
• LeLynx (LeLynx.fr): Major French insurance comparator (part of Crédit Agricole group) covering home, auto, health, and borrower insurance. Comparable to SwitchAssur as a multi-line insurance aggregator with strong SEO acquisition and consumer brand.
• Assureo: French online insurance broker offering comparator and subscription services for borrower insurance and other personal lines. Competes with SECURIMUT in the mortgage insurance switching journey for French borrowers.
• Assurland: Long-established French insurance comparator covering personal lines including borrower insurance. Direct competitor for consumer-facing insurance comparison traffic and lead generation.

Emerging players

• Meilleurtaux: French mortgage broker and comparator with insurance brokerage capabilities. Comparable in that it touches borrowers at the point of mortgage origination and can offer insurance products — though mortgage is its primary vertical rather than insurance.
• Pretto: Digital mortgage broker offering borrower insurance cross-sell at origination. Comparable as a tech-enabled distribution intermediary in the French mortgage ecosystem, though focused on origination rather than substitution.

Broad incumbents

• CNP Assurances: One of France's largest life and creditor insurance carriers, dominant in mortgage/credit insurance via bancassurance partnerships (notably with Caisse d'Épargne and La Banque Postale). Operates at much larger scale across all insurance lines.
• BNP Paribas Cardif: Insurance arm of BNP Paribas distributing creditor insurance (including mortgage) through BNP's bank networks. A direct bancassurance competitor for mortgage insurance that occupies the bank-distribution channel SECURIMUT targets for substitution.
• Crédit Agricole Assurances: Insurance subsidiary of Crédit Agricole, one of France's leading bancassurers in mortgage/creditor insurance. Represents the incumbent bank-distribution channel against which SECURIMUT's substitution proposition competes.

Others

• AXA France:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/securimut
• LinkedInlinkedin.com/company/securimut

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 SECURIMUT