Assuria Verzekeringen

What Assuria Verzekeringen does

Assuria Verzekeringen, operating through holding company Assuria N.V., is the largest insurance company in Suriname, founded in 1991 and headquartered at Recolaan 17, Paramaribo. The company underwrites a comprehensive multi-line insurance portfolio spanning motor (WAM, WAM Plus, CASCO, Mini CASCO, Electric Vehicle), health (AZPAS Basis, Plus, Suprême, International Platinum/Diamond), travel (TRIAS Wereld/Caribbean/Europa), home, life, accident, and mandatory employer liability (SOR). It serves both individual consumers and corporate clients, with the Corporate & Special Accounts (C&SA) team handling enterprise sales. Distribution combines walk-in branches, an independent tussenpersonen agent network, the iAgents digital portal for agents, the MyAssuria mobile self-service app, and phone/WhatsApp sales channels.

The business model is fundamentally subscription-based recurring premium revenue across P&C, health, life, and accident lines, supplemented by ancillary fee-based income from the Assuria Event Center (vacation rentals at USD 50-275/day, event venues at USD 1,500 per 5-hour session). Pricing is risk-individualized with multi-policy bundling discounts up to 10% (Assuria Voordeel Plan) and fleet/group discounts. The company operates an integrated digital insurance platform — MyAssuria app, iAgents portal, online premium calculation engine — and holds ISO 9001:2015 (since 2008) and ISO 27001:2022 certifications, making it the first financial institution in Suriname to attain the latter. International assistance is delivered via partnerships with RedBridge Assist, EUROCROSS, and MediGuide for second medical opinions.

The Assuria Group comprises 8 domestic subsidiaries plus international operations in Guyana (75%-owned life and general insurers), Trinidad & Tobago (97%-owned Assuria Life T&T, wholly-owned Gulf Insurance), and Curaçao (100%-owned Assuria Levensverzekering CUR, acquired from Sagicor in 2024), with marketing reach extending to St. Maarten, Grenada, and St. Kitts & Nevis. The Assuria Group Loyalty Plan and Assuria Community Fund (founded 2016) support customer retention and brand positioning. The company is publicly listed (shares with SRD 0.10 nominal value), distributes dividends, and publishes annual and semi-annual financial reports in Dutch and English.

Name

Assuria Verzekeringen

Legal name

Assuria N.V.

Website

https://assuria.sr

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Assuria Verzekeringen is the largest insurance company in Suriname, underwriting motor, health (AZPAS), travel (TRIAS), home, life, and mandatory employer liability coverage for individuals, businesses, and expatriates across the Caribbean via subsidiaries in Guyana, Trinidad & Tobago, and Curaçao.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114), Direct Life Insurance Carriers (524113), Direct Property and Casualty Insurance Carriers (524126)

SIC

Insurance Agents, Brokers & Service (6411), Life Insurance (6311), Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

International/Expatriate Individual Health Insurance (FSAIAEAH)

akta.pro secondary industries

Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD), International/Expat Critical Illness & Hospital Indemnity (FSAIAKAJ), Umbrella & Excess Liability (Fleet/Transportation) (TLABANAG)

Keywords

• General insurance services
• Health insurance plans
• Motor vehicle insurance
• Life insurance products
• Commercial business insurance

Headquarters

HQ city

Paramaribo

HQ country

Suriname

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premium Revenue (Property & Casualty): Revenue from motor vehicle insurance (WAM, WAM Plus, CASCO, Mini CASCO), home/household insurance (brand, inboedel, inbraak), travel insurance (TRIAS Wereld/Caribbean/Europa), business insurance (AVBB, AGAB, SOR, CAR, transport, casco werkmaterieel), and accident insurance. Premiums can be paid monthly, quarterly, semi-annually, or annually, with discounts for non-monthly payment. Commercial clients may receive collective discounts and profit-sharing.
2. Health Insurance Premium Revenue: Revenue from health insurance products including AZPAS Basis, AZPAS Plus, AZPAS Suprême, AZPAS International Platinum and Diamond. Premiums are based on age and chosen coverage tier. International health plans offer coverage from $250,000 to $2,000,000 per insured per year. Health insurance is mandatory for all residents of Suriname under the National Basic Health Insurance Act (2014).
3. Life Insurance Premium Revenue: Revenue from life insurance products including pension insurance (Pensioenverzekering, conforming to WAP 2014), risk insurance (overlijdensrisicoverzekering), mixed insurance, and lifetime insurance. Policies can be denominated in SRD or USD. Contributions build capital paid out at maturity or upon death/disability.
4. Expat Insurance Premium Revenue: Revenue from comprehensive expat insurance packages covering health, life, liability, travel, home, and motor insurance for mobile professionals between Suriname and Guyana.
5. Event Center and Vacation Property Rental: Revenue from the Assuria Event Center including vacation homes (Overbridge, Republiek 1 & 2), Plantagehuis Geyersvlijt event venue, and Assuria Rooftop Tower B. Vacation homes priced at USD 275/day (Overbridge) and USD 50/day (Republiek) excluding 10% VAT. Event venues at USD 1,500 per 5 hours. Properties managed via [email protected].

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels7 records

Core offering

Assuria Verzekeringen is the largest insurance company in Suriname, providing a comprehensive multi-line insurance portfolio for individuals and businesses, including motor (WAM, WAM Plus, CASCO, Mini CASCO), health (AZPAS Basis/Plus/Suprême/International Platinum/Diamond), travel (TRIAS), home, life, personal accident, and mandatory employer accident (S.O.R.) coverage, as well as commercial lines such as fleet, Construction All Risk, AVBB, AGAB, transport, equipment, pension, and expat insurance. Distribution is delivered through branches, independent agents, the iAgents portal, the MyAssuria app, and a dedicated Corporate & Special Accounts team, supported by 24/7 Roadside and Home Assistance services.

Product overview

Assuria Verzekeringen is a comprehensive insurance platform offering a broad portfolio of products across personal, business, and specialized insurance categories. The personal insurance portfolio includes vehicle coverage through WAM Verzekering, WAM Plus, Casco Verzekering, Mini Casco, and Electric Vehicle Insurance; health insurance via the AZPAS family (Basis, Plus, Suprême, International Platinum, International Diamond) with supplementary coverages including Second Medical Opinion and dental; travel insurance under the TRIAS brand; home insurance with optional Home Assistance; life insurance; and accident insurance including the mandatory S.O.R. for employers. The business platform provides fleet coverage, fire/business interruption, construction all-risk (CAR), liability (AVBB), garage insurance (AGAB), transport, and equipment coverage. Additional services include the iAgents portal for insurance agents, MyAssuria mobile app, loyalty programs (Assuria Group Loyalty Plan and Voordeel Plan), roadside and home assistance, and event center facilities. The company operates as a diversified financial services group (Assuria N.V.) with subsidiaries across life, property, medical, and investment insurance, plus regional presence in Guyana, Trinidad & Tobago, and Curaçao.

Differentiator

Problem solved

Functional benefit

Brands

• AZPAS: Health insurance brand offering local and international medical coverage, including AZPAS Basis, AZPAS Plus, AZPAS Suprême, AZPAS International Platinum, and AZPAS International Diamond.
• TRIAS
• WAM
• MyAssuria
• Assuria Group Loyalty Plan
• Assuria Voordeel Plan (AVP)
• Assuria Roadside Assistance
• Assuria Home Assistance
• Assuria Event Center
• Assuria Community Fund

Products and services

• WAM Verzekering Mandatory third-party motor liability insurance (Wettelijke Aansprakelijkheidsverzekering Motorvoertuigen) for vehicle owners in Suriname, with standard coverage of SRD 375,000 extendable up to SRD 2,000,000. Includes free passenger accident coverage and 24/7 Roadside Assistance.
• WAM Plus Extended auto insurance combining third-party liability with own vehicle coverage, with two limits (SRD 70,000 or SRD 125,000 per event, max 2 claims/year). Covers theft, fire, glass breakage, and passenger liability.
• CASCO Verzekering Comprehensive vehicle insurance covering material damage from collisions, theft, fire, glass breakage and animal collision. Includes free 24/7 Roadside Assistance and two-country coverage (Suriname and Guyana), payable in 3, 6, 9 or 12 installments.
• E-Bike Verzekering Insurance for e-bikes covering injury liability, medical costs for driver/passenger, death benefits, and third-party liability. Coverage options range from SRD 50,000 to SRD 100,000.
• AZPAS Basis Basic health insurance covering doctor consultations, X-rays, laboratory tests, and medications from the AZPAS formulary. Meets the minimum requirements under the National Basic Health Insurance Act of 2014 and is mandatory for all Surinamese residents.
• AZPAS Plus Extended-tier health insurance offering broader coverage than AZPAS Basis, with more comprehensive benefits for specialist care, hospitalizations, and medications.
• AZPAS Suprême Premium-tier health insurance for customers with above-average healthcare needs, offering extensive coverage for specialist care, home care, hospitalization and medications.
• AZPAS International Platinum Worldwide health insurance excluding the USA and country of residence, with coverage options of $250,000, $500,000 or $1,000,000 per year. Includes optional US Emergency Rider for acute care up to $50,000.
• AZPAS International Diamond Premium worldwide health insurance with $2,000,000 coverage per insured per year. Includes direct hospital payments worldwide, medical transport, organ transplantation, pregnancy and newborn coverage, with no age limit for policy renewal.
• TRIAS Travel Insurance Travel insurance with three variants: TRIAS Wereld (worldwide), TRIAS Caribbean, and TRIAS Europa. Covers medical emergencies, trip delays and cancellations, with EUR/USD 100 deductible per claim and emergency assistance via RedBridge (worldwide) and EUROCROSS (Europe).
• Woonverzekering Home insurance covering the dwelling against fire, lightning, explosion and aircraft damage, with optional extensions for storm, burglary, vandalism, glass breakage and Assuria Home Assistance.
• Surinaamse Ongevallen Regeling (S.O.R.) Mandatory employers' liability insurance covering work-related accidents. Provides 100% wage replacement during disability at minimum daily wage SRD 420, free home-worker extension, and SRD 250,000 funeral benefit, with renewal discount scaling up to 10% over 3 years.
• Bedrijfsverzekeringen Business insurance platform offering multiple commercial coverages including fleet, fire and business interruption, garage (AGAB), Construction All Risk (CAR), liability (AVBB), transport, and CASCO for equipment (Casco Werkmaterieel), served by the Corporate & Special Accounts team.
• Construction All Risk (CAR) Insurance covering construction and installation work, third-party property damage, existing structures of the client, construction equipment, and personal belongings of site personnel.
• Aansprakelijkheid voor Bedrijven en Beroepen (AVBB) Professional and business liability insurance covering damages to third parties, with optional extensions for employers' liability, environmental liability, professional liability, carriers' liability and product liability.
• Garage Verzekering (AGAB) Garage liability insurance covering business liability, motor vehicle client liability, employers' liability and environmental liability for garages and related businesses.
• Transportverzekering Cargo transport insurance covering goods during local and international transport, with options for single shipments or annual coverage. Includes boat insurance with casco, liability, and crew coverage.
• Pensioenverzekering Pension insurance conforming to the General Pension Law (WAP 2014) with customizable retirement age, partner/orphan pensions, disability coverage, and guaranteed lifelong monthly payments.
• Expatverzekering Comprehensive insurance package for expatriates covering health, liability, travel, home, auto and life insurance with cross-border protection between Suriname and Guyana.
• Assuria Event Center Event venue and vacation rental services including vacation homes (Overbridge, Republiek 1 & 2), Rooftop Tower B, and Plantagehuis Geyersvlijt for corporate and private events.

Quantifiable outcome

• Discounts up to 10% through the Assuria Voordeel Plan loyalty program based on number of insurance groups held (2 groups = 3%, 3 = 5%, 4 = 7.5%, 5 = 10%)
• +4 more outcomes

Named customers14 records

Segments4 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

Seven partnerships are on record, tiered core and minor.

• RedBridge AssistcoreTechnology or IntegrationEmergency medical and travel assistance provider for TRIAS Wereld and TRIAS Caribbean travel insurance products. Contact numbers: +1.305.463.9696 / +1.305.537.1145 (worldwide), +1.800.785.4154 / +1.866.537.1145 (USA/Canada), +1.786.653.3717 (WhatsApp). Email: [email protected]. Must contact within 24 hours of incident; otherwise 50% of costs are borne by the insured.
• EUROCROSScoreTechnology or IntegrationEmergency assistance provider for TRIAS Europa travel insurance. Alarm number: +31 715681908. Provides 24/7 emergency medical assistance and coordination for policyholders traveling in Europe.
• MediGuide / WLMC (World Leading Medical Centers)coreTechnology or IntegrationInternational medical network providing Second Medical Opinion services for AZPAS health insurance policyholders. MediGuide selects 3 medical experts from leading international medical centers for each second opinion request. Available as an add-on to existing AZPAS policies with no waiting period. Covers diagnosis comparison, treatment option consideration, and free consultation if opinion differs from initial diagnosis.
• Assuria Group Loyalty Plan PartnersminorGTM or Marketing PartnerPartner businesses across Suriname, Guyana, Trinidad & Tobago, and Curaçao offering discounts and benefits to Assuria customers. Customers show valid ID and Assuria insurance card/MyAssuria app/AZPAS card to receive partner discounts on accommodations, retail, and lifestyle services. Program launched to add extra value to being an Assuria customer.
• Stichting Assuria Community FundminorStrategic or Co-development PartnerCorporate foundation established in 2016 (Assuria's 25th anniversary) to support social impact projects aligned with UN Sustainable Development Goals (SDGs 3, 4, 5, 6, 7, 8, 17). Focus areas: health, education, gender equality, water/sanitation, sustainable energy, economic growth, and partnerships. Supports organizations in Suriname including Huize Tyltyl, Mytylschool, Dayana School, Stichting Running Blind Suriname, BGP Scholenproject, Waternoodproject Putcher, and others.
• Healthcare Provider Network (Zorgverleners)coreImplementation/ SI/ Consulting PartnerExtensive network of healthcare providers (hospitals, clinics, doctors, pharmacies) across Suriname that accept AZPAS insurance. List of providers available at /nl/zorgverleners/ with name, type, discipline, address, district, and phone number. Direct billing between providers and Assuria.
• Damage Repairer Network (Schadeherstellers)minorImplementation/ SI/ Consulting PartnerNetwork of approved repairers and damage specialists for processing property, vehicle, and home insurance claims. List available at /nl/schadeherstellers/.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Regional players

• NCB Insurance Company: Jamaica-based insurance provider offering life, health, and general insurance across the Caribbean. Comparable as a Caribbean-domiciled multi-line insurer with similar product mix, though primarily serving Jamaica rather than directly competing with Assuria's Suriname base.
• ICBL (Insurance Company of Barbados): Barbados-based insurance provider with Caribbean regional operations. Comparable as a smaller Caribbean insurer with multi-line offerings, though primarily serving Barbados and Eastern Caribbean markets.

Direct peers

• Sagicor: Leading Caribbean insurance and financial services group operating across Barbados, Jamaica, Trinidad & Tobago, and other territories. Directly comparable because Sagicor recently divested its Curaçao life and health portfolio to Assuria (2024), and the two compete in the same Caribbean multi-line insurance market.
• ICWI Group: Jamaica-headquartered insurance group with property, casualty, life, and health operations across the Caribbean and Central America. Comparable as a multi-line regional insurer with similar product breadth and Caribbean market focus.
• Guardian Group: Caribbean insurance conglomerate headquartered in Trinidad & Tobago with life, health, property and casualty, and pension operations across the Caribbean. Highly comparable as a regional multi-line insurer with similar product breadth and Caribbean geographic footprint.
• Colina Insurance: Bahamas-based multi-line insurance carrier offering life, health, and property & casualty coverage across the Caribbean. Comparable as a regionally-dominant multi-line insurer operating in small Caribbean markets similar to Assuria's Suriname footprint.
• Massy Holdings: Caribbean conglomerate with significant insurance operations through Massy Insurance (formerly TATIL). Comparable as a diversified Caribbean group with integrated insurance, retail, and financial services similar in structure to Assuria's diversified subsidiary model.
• Demerara Mutual Life Assurance: Guyana-based life insurance company operating in the same Caribbean region where Assuria has 75% subsidiaries. Comparable as a regional life insurer competing in Assuria's Guyana market.
• CGM Gallagher Insurance Brokers: Caribbean insurance brokerage and risk management firm with operations across multiple Caribbean territories including Jamaica, Barbados, Cayman Islands, and Trinidad. Comparable as an insurance intermediary operating across similar Caribbean geographies.

Broad incumbents

• Allianz: Global insurance and asset management giant with multi-line operations worldwide. Comparable as a broader industry incumbent that could enter Caribbean markets and challenge regional players like Assuria through scale advantages and international capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Assuria
• LinkedInlinkedin.com/company/assuria-n-v-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries14 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 Assuria Verzekeringen