Seguros Confianza

Name

Seguros Confianza

Legal name

Seguros Confianza S.A.

Website

https://confianza.com.ec

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Surety Insurance

NAICS

Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Surety Insurance (6351), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Surety & Fidelity Bonds (FSAJAMAJ)

Keywords

• Surety bonds
• Credit insurance
• Contract performance bonds
• Environmental guarantees
• Civil liability insurance

Headquarters

HQ city

Guayaquil

HQ country

Ecuador

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Surety Bond Premiums (Fianzas): The company generates revenue primarily through insurance premiums for surety bonds including: Buen Uso de Anticipo (Advance Payment Guarantee), Cumplimiento de Contrato (Contract Performance Bond), Buena Calidad de Materiales (Quality of Materials Bond), Seriedad de Oferta (Bid Bond), Póliza Global (Global Policy), Fianza Legal (Legal Bond), Garantía Ambiental (Environmental Bond), Garantía Aduanera (Customs Bond), Garantía Judicial (Judicial Bond), and Garantía de Arrendamiento (Lease Guarantee).
2. Credit Insurance Premiums (Seguro de Crédito): Revenue from credit insurance products that protect businesses against non-payment of accounts receivable. Includes domestic credit insurance and export credit insurance.
3. Responsabilidad Civil Extracontractual (RCE) Premiums: Revenue from Extracontractual Civil Liability insurance covering bodily injury and property damage to third parties during project operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Seguros Confianza is a specialty insurance company that issues surety bonds (fianzas) guaranteeing contractual performance, advance payment use, quality of materials, bid seriedad, customs, judicial, lease, and environmental compliance obligations for businesses and government contractors. It also provides credit insurance (Seguro de Crédito) covering domestic and export accounts receivable against non-payment, and Extracontractual Civil Liability (RCE) insurance protecting project operators from third-party bodily injury and property damage claims.

Product overview

Seguros Confianza is an Ecuadorian surety bond and credit insurance company with 37 years of market experience. The company operates two core product lines: (1) Fianzas/Surety Bonds, including individual bonds (Buen Uso de Anticipo, Cumplimiento de Contrato, Buena Calidad de Materiales, Seriedad de Oferta, Fianza Legal, Garantía Aduanera, Garantía Judicial, Garantía de Arrendamiento), the bundled Póliza Global policy, and Garantía Ambiental for environmental compliance; and (2) Seguro de Crédito/Credit Insurance covering domestic and export receivables. The company also offers Extracontractual Civil Liability Insurance (RCE) as a separate product line. All products are backed by $30 million in automatic reinsurance capacity from international reinsurers.

Differentiator

Problem solved

Functional benefit

Products and services

• Fianzas (Surety Bonds) Surety bonds that guarantee contract performance, providing financial protection if a contractor fails to meet contractual obligations. Covers the full family of bond types including advance payment, contract performance, materials quality, bid seriedad, legal, environmental, customs, judicial, and lease guarantees for businesses and government contractors.
• Buen Uso de Anticipo (Advance Payment Guarantee)
• Cumplimiento de Contrato (Contract Performance Bond)
• Buena Calidad de Materiales (Good Quality of Materials)
• Seriedad de Oferta (Bid Bond)
• Póliza Global (Global Policy)
• Fianza Legal (Legal Surety)
• Garantía Ambiental (Environmental Guarantee) Ensures compliance with environmental obligations and proper execution of environmental management plans required for project licensing. Used by companies that need to back environmental commitments tied to permits.
• Garantía Aduanera (Customs Guarantee)
• Garantía Judicial (Judicial Guarantee)
• Garantía de Arrendamiento (Lease Guarantee)
• Seguro de Crédito (Credit Insurance)
• Seguro de Crédito Interno (Domestic Credit Insurance)
• Seguro de Crédito a la Exportación (Export Credit Insurance)
• Póliza de Responsabilidad Civil Extracontractual (Extracontractual Civil Liability Insurance, RCE)

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Hannover RecoreOthersWorld-leading global reinsurer providing catastrophic capacity and risk sharing for the company's surety bond and insurance portfolio. Hannover Re is one of the world's largest reinsurers.
• AtradiuscoreOthersCredit insurance specialist reinsurer providing capacity and expertise for credit insurance products.
• Swiss RecoreOthersGlobal reinsurance leader providing capacity and risk management expertise for the insurance portfolio.
• Mapfre RecoreOthersSpanish-headquartered global reinsurer providing capacity for the company's insurance operations.
• AXA (Axl)coreOthersGlobal insurance group providing reinsurance capacity through AXA XL operations.
• Liberty MutualcoreOthersAmerican global insurer and reinsurer providing additional capacity for the insurance portfolio.
• Axis CapitalcoreOthersSpecialty insurer and reinsurer providing capacity for specialty lines including surety bonds.
• Hamilton Insurance GroupcoreOthersSpecialty insurer and reinsurer providing additional capacity for the insurance operations.
• APFPA (Asociación de Productores y Formadores de Panama)minorOthersAssociation partner, specific nature of partnership not detailed in available sources.
• ALASECEminorOthersRegional industry association for Ecuadorian insurance companies, representing sector interests.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Regional players

• CESCE: Spanish export credit insurer with growing Latin American presence. Comparable in credit insurance product design, especially for export receivables, and a logical regional peer for Seguros Confianza's export credit line.
• Mapfre: Spain-headquartered global insurer with a deep Latin American footprint across P&C, surety, and credit lines — Mapfre Re is also a Seguros Confianza reinsurance partner. Closest regional peer in terms of Iberian-Latin American market overlap.

Direct peers

• Coface: Major global credit insurance carrier competing head-to-head with Atradius in trade credit insurance. Comparable to Seguros Confianza's credit insurance line in product design, customer profile (B2B exporters and domestic sellers), and broker distribution.
• Atradius: Global credit insurance specialist and a direct peer — and simultaneously a reinsurer — of Seguros Confianza's Seguro de Crédito (domestic and export) business, offering comparable trade credit insurance products to B2B counterparties.
• Euler Hermes (Allianz Trade): World's largest credit insurance provider and a direct competitor in trade credit insurance, including export credit. Highly comparable in product, customer base, and reliance on broker/intermediary distribution channels.

Broad incumbents

• Zurich Insurance Group: Global multi-line insurer with a strong surety franchise in Europe and the Americas and a credit insurance presence. Comparable as a broad incumbent competing in surety and adjacent commercial lines.
• Chubb: Global specialty P&C insurer with significant surety and credit-related capabilities across Latin America. Overlaps with Seguros Confianza in surety and in serving mid-to-large commercial accounts in the region.
• The Hartford: One of the largest U.S. surety writers with deep expertise in contract surety for mid-market and large contractors — directly comparable to Seguros Confianza's contractor-focused surety book.
• Travelers: U.S. surety leader with a large contract surety franchise. Comparable product mix and underwriting expertise; not present in Ecuador at scale today, but a credible entrant or competitor for large infrastructure bonds.
• Liberty Mutual Insurance: Global property & casualty and surety insurer with a sizable surety bond practice in the Americas; also a reinsurance partner of Seguros Confianza. Represents the type of broad incumbent that could expand surety share in Ecuador.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/confianzaec

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Seguros Confianza