Multiriesgos

What Multiriesgos does

Multiriesgos is a privately held insurance broker (corredor de seguros) headquartered in San Salvador, El Salvador, founded on December 1, 1993 by José Mauricio Portillo Pérez. The firm provides insurance advisory, brokerage, and consulting services for individual consumers, families, and corporate clients across El Salvador, operating a portfolio that spans individual lines (medical expenses, auto, life, residential, travel, personal accidents) and corporate lines (fleet, buildings, machinery/electronic equipment, group medical, group accident, group life, and bonds), with differentiated bundled offerings such as VAC+ life insurance with savings and VidaMED life insurance with unlimited virtual medical consultations up to USD 60,000.

The company runs a hybrid distribution model: five physical agency locations across El Salvador (San Salvador central offices and Colonia Escalón, plus regional agencies in San Miguel, Santa Ana, and San Rafael Cedros) supplemented by an at-home collaborator network covering all 14 departments. Distribution is increasingly digital through the Multiriesgos online quote tool (cotizador), a mobile emergency application on iOS and Android, and the MultiAssist e-commerce storefront (shop.multiassist.net) for subscription-based assistance products (medical, home, road, funeral). Custom software is designed and implemented for corporate clients to integrate insurance administration with their business operations. The company also operates under the MultiGroup umbrella alongside sister brands MultiAssist and H503 (Hermano503).

Multiriesgos earns revenue primarily through insurance brokerage commissions on premiums placed with carriers, plus recurring subscription fees from assistance products and managed corporate insurance program fees. The firm reports 35,000+ individual clients, 200+ corporate clients, and 190,000+ persons with active coverage, and handled over 8,900 claims totaling USD 5.3 million in 2024. Regional reach is delivered through Grupo Nexxis membership covering seven Central American/Caribbean countries with USD 200+ million in annual premiums administered, while global reach comes from correspondent relationships with AON and Howden One. The firm employs 70+ collaborators and bundles customer benefits including the Club Ahorro discount program (110+ merchants) and the RED MEDIC medical provider network.

Name

Multiriesgos

Legal name

Multiriesgos

Website

https://multiriesgos.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

Multiriesgos is a privately held El Salvador insurance broker founded in 1993, placing individual, family, and corporate insurance policies with carriers while earning commissions and subscription fees from bundled assistance products, serving 35,000+ individual clients and 200+ corporate clients across all 14 departments.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

Keywords

• Insurance brokerage
• Corporate insurance programs
• Individual life insurance
• Assistance services
• Risk advisory consulting

Headquarters

HQ city

San Salvador

HQ country

El Salvador

HQ region

Latin America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Multiriesgos operates as an insurance broker (corredor de seguros) earning commissions on insurance policies placed with insurance carriers. They serve as correspondent for global brokers AON and Howden, and member of Grupo Nexxis for regional operations, administering over USD 200 million in annual premiums.
2. Assistance Services: Sale of assistance products including medical assistance, home assistance, road assistance, and funeral assistance on a subscription basis (monthly or annual). Products sold through multiassist.net platform.
3. Corporate Insurance Programs: Unified insurance programs for regional corporate clients, combining coverage, deductibles, service, co-pays, and benefit coordination across multiple countries.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Multiriesgos is an insurance broker (corredor de seguros) that intermediates, designs, and administers personal and corporate insurance policies on behalf of insurance carriers, and sells subscription-based 24/7 assistance products. The company evaluates each client and their risks to recommend tailored coverage across health, auto, life, residential, travel, personal accident (individuals) and fleet, buildings, machinery, bonds, group medical, group life, group accident (corporates), backed by claims administration, reinsurance advisory, and custom corporate-software capabilities.

Product overview

Multiriesgos is an El Salvador-based insurance brokerage offering a comprehensive portfolio of insurance and assistance products. The core offering spans individual insurance products (Medical Expenses, Auto, Life, Residential, Travel, and Personal Accidents) and corporate insurance products (Fleet, Buildings, Machinery, Group Medical, Group Accidents, Group Life, and Bonds). The company also provides 24/7 assistance services including Medical Assistance, Individual and Family Medical Expense Assistance, Home Assistance, Roadside Assistance, Individual and Family Funeral Assistance, and Funeral Repatriation Assistance. Special products include VAC+ (life insurance with savings and approved credit) and VidaMED (life insurance with medical assistance up to USD 60,000). The portfolio includes 35,000+ individual clients, 200 corporate clients, and over 190,000 persons with active coverage, supported by a network of 70+ collaborators serving all 14 departments of El Salvador.

Differentiator

Problem solved

Functional benefit

Brands

• MultiAssist: Insurance assistance services offered as a sister brand under MultiGroup, providing products such as medical assistance, home assistance, road assistance, and funeral assistance.
• H503 (Hermano503)
• MultiGroup

Products and services

• VAC+ Life Insurance with Savings and Approved Credit (VAC+ Seguro de Vida con Ahorro + Crédito Aprobado) Individual life insurance with savings component that returns 100% of the insured sum upon plan completion; includes approved credit benefit. Starting from USD 13.72 per month. Targeted at individuals and families seeking life protection combined with savings accumulation.
• VidaMED Life Insurance with Medical Assistance (VidaMED con Asistencia Médica) Life insurance providing 100% of insured sum (up to USD 60,000) for any-cause death, plus unlimited virtual medical consultations. Targeted at individuals and families seeking life coverage bundled with medical assistance.
• Medical Expense Insurance (Seguro de Gastos Médicos) Individual medical expense insurance covering consultations, medicines, hospital services, laboratory exams, ambulance, and surgeries. Targeted at individuals and families seeking health coverage.
• Auto Insurance (Seguro para Auto) Vehicle insurance with zero deductible, civil liability for third-party damages, automotive locksmith service, total or partial theft coverage, and 24/7 roadside assistance including towing and rescue operations. Targeted at vehicle owners.
• Life Insurance (Seguro de Vida) Individual life insurance covering death from any cause, funeral expenses, total and permanent disability, serious illnesses, advance payment for serious illnesses, and personal accidents. Plans with no age termination. Targeted at individuals and families.
• Residential Insurance (Seguro Residencial) Residential insurance protecting homes and belongings against fortuitous events, including third-party property damage, robbery, fire, floods, natural disasters, aircraft falls, and vehicle impacts. Covers both construction materials and contents. Targeted at homeowners.
• Travel Insurance (Seguro de Viaje) Travel insurance providing medical expense coverage for accidents or illness, hotel accommodation during convalescence, family member transfer during hospitalization, delayed flight expenses, document loss, and baggage loss compensation. Targeted at travelers.
• Personal Accident Insurance (Seguro de Accidentes Personales) Personal accident insurance covering accidental death, medical expense reimbursement, and total incapacity and limb loss. Targeted at individuals.
• Corporate Fleet Insurance (Seguros para Flotas) Corporate fleet insurance for company vehicles, cargo vehicles, and other commercial vehicles under negotiated conditions. Targeted at companies with vehicle fleets.
• Building Insurance (Seguros para Edificaciones) Property insurance protecting real estate, apartment towers, factories, and offices against fortuitous events, natural disasters, fires, and other incidents. Targeted at corporate property owners.
• Machinery and Electronic Equipment Insurance (Seguros para Maquinaria y Equipo Electrónico) Machinery and electronic equipment insurance covering accidents, fire, vandalism, earthquakes, floods, and other usage-related risks. Targeted at companies with operational equipment.
• Group Medical Expense Insurance (Seguro de Gastos Médicos Colectivo) Group medical expense insurance designed for companies, covering medical and hospital assistance under various coverages for employees. Targeted at corporate clients offering employee benefits.
• Group Accident Insurance (Seguro de Accidentes Colectivo) Group accident insurance covering insured individuals against accidents causing death or permanent disability (partial, total, or absolute). Targeted at companies offering employee accident coverage.
• Group Life Insurance (Seguro Colectivo de Vida) Group life insurance covering a group of people linked by common interest, typically contracted by companies as an employee benefit. Targeted at companies offering employee life coverage.
• Bonds and Guarantees (Fianzas) Bond and guarantee management services for businesses and entrepreneurs, with a multidisciplinary team to manage required bond guarantees. Targeted at companies with statutory or commercial bonding requirements.
• Medical Assistance Subscription (Asistencia Médica) 24/7 medical assistance subscription service priced at USD 3.50 per month. Targeted at individuals seeking immediate medical assistance access.
• Individual Medical Expense Assistance Subscription (Asistencia Gastos Médicos Individual) 24/7 individual medical expense assistance subscription service priced at USD 5.50 per month. Targeted at individuals seeking medical expense coverage.
• Family Medical Expense Assistance Subscription (Asistencia Gastos Médicos Familiar) 24/7 family medical expense assistance subscription service priced at USD 12.00 per month. Targeted at families seeking medical expense coverage.
• Home Assistance Subscription (Asistencia Hogar) 24/7 home assistance subscription service for emergency needs related to home coverage. Targeted at homeowners seeking home emergency support.
• Roadside Assistance Subscription (Asistencia Vial) 24/7 roadside assistance subscription service priced at USD 5.00 per month. Targeted at drivers seeking vehicle emergency support.
• Individual Funeral Assistance Subscription (Asistencia Funeraria Individual) 24/7 individual funeral assistance subscription service providing coverage for funeral expenses. Targeted at individuals seeking funeral expense protection.
• Family Funeral Assistance Subscription (Asistencia Funeraria Familiar) 24/7 family funeral assistance subscription service priced at USD 11.00 per month. Targeted at families seeking funeral expense protection.
• Funeral Repatriation Assistance Subscription (Asistencia Repatriación Funeraria) 24/7 funeral repatriation assistance subscription service priced at USD 20.00 per month, operated jointly with H.503 (Hermano503). Targeted at individuals needing international funeral repatriation coverage.
• Multiriesgos Insurance Brokerage and Risk Advisory Services Core brokerage and advisory services including claims administration, risk evaluation and policy contracting, risk management audits, facultative reinsurance advisory, policy data updates, wellness programs, medical appointment coordination, unification of regional insurance programs, custom collective-access software design, corporate training, optional employee insurance programs, and 24/7 personalized attention with emergency cabin access via mobile app. Targeted at individual clients and corporate clients.

Quantifiable outcome

• Over 8,900 claims attended in 2024 for USD 5.3 million
• +4 more outcomes

Named customers3 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

Six partnerships are on record, tiered core and minor.

• Grupo NexxiscoreStrategic or Co-development PartnerRegional strategic partnership for Central American coverage. Multiriesgos is a member of Grupo Nexxis, serving El Salvador and administering over USD 200 million in annual premiums across the region. Grupo Nexxis covers: El Salvador, Guatemala, Honduras, Nicaragua, Costa Rica, Panama, and Dominican Republic.
• AONcoreChannel Partner/ Reseller/ DistributorCorrespondent relationship with AON, a leading global insurance broker, for the administration of global clients and worldwide coverage capabilities. Multiriesgos serves as AON's correspondent in El Salvador.
• Howden One (Howden Group)coreChannel Partner/ Reseller/ DistributorCorrespondent relationship with Howden One/Howden Group, a leading global insurance broker, for worldwide insurance administration. Multiriesgos serves as Howden's correspondent in El Salvador.
• MultiAssist (MultiGroup)minorChannel Partner/ Reseller/ DistributorSister brand under MultiGroup offering assistance services. Available at shop.multiassist.net and hermano503.com for funeral assistance. Joint marketing and cross-selling of assistance products.
• RED MEDICminorOthersMedical provider discount network part of the benefits program. Customers receive discounts at various medical providers throughout the network at medic.com.sv.
• Club AhorrominorOthersDiscount club program offering customers access to discounts at over 110 merchants across various commerce and health service categories. Available at clubahorro.sv.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ASSA Compañía de Seguros: Panama-headquartered insurance group with operations across Central America and the Caribbean. Direct competitor to Multiriesgos in regional commercial insurance brokerage and carrier services across overlapping geographies (Panama, Central America, Dominican Republic).
• MAPFRE El Salvador: Local operation of the Spanish-headquartered MAPFRE Group, one of the largest insurers in Latin America. Competes with Multiriesgos across personal and commercial lines in El Salvador, often through tied agent networks.
• SURA (Seguros SURA): Latin American insurance company with operations across Central America. Competes with Multiriesgos in corporate insurance programs and benefits administration for regional employers in overlapping Central American markets.

Regional players

• Pan-American Life Insurance Group: U.S.-headquartered life and health insurer with a strong Central American and Caribbean footprint. Comparable to Multiriesgos for life and health brokerage, particularly for multinational corporate clients in El Salvador and the region.
• Seguros Bolívar: Colombian-headquartered insurance group with Central American operations. Comparable to Multiriesgos in family-owned insurance distribution culture, individual and corporate product breadth, and Latin American regional focus.

Broad incumbents

• Aon (El Salvador / Central America): Global insurance and reinsurance brokerage. Aon is both a correspondent partner and a competitor to Multiriesgos, as multinational clients in El Salvador can place business either through Multiriesgos-as-correspondent or directly with Aon's local presence.
• Howden (Howden One): Global insurance broker with growing Latin American presence. Like Aon, Howden is both a correspondent partner and a competitor for large multinational placements routed through El Salvador.
• Lockton: Largest privately held global insurance broker. Comparable in private, founder-influenced culture and corporate insurance specialization, particularly for multinational clients seeking a non-public broker alternative.
• Arthur J. Gallagher & Co. Large global insurance brokerage and risk management firm with Latin American operations. Comparable to Multiriesgos in commercial insurance brokerage and benefits administration for corporate clients.
• Chubb (El Salvador / Central America): Global property & casualty insurer with Latin American operations. Competes with Multiriesgos across commercial P&C, accident, and specialty lines through direct agents and broker channels in El Salvador.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MULTIRIESGOS
• LinkedInlinkedin.com/company/multiriesgos-s-a-de-c-v
• Instagraminstagram.com/multiriesgos
• Xx.com/multiriesgos

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 Multiriesgos