Murimar Seguros

What Murimar Seguros does

Murimar Seguros is a Spanish mutual insurance company (Mutua de seguros a prima fija) founded in 1927, headquartered in Madrid and approaching its centennial in 2027. Operating as part of Grupo Murimar alongside Murimar Vida Seguros y Reaseguros SA and Insermar Consultores S.L., the company specializes in maritime insurance and claims market leadership in fishing vessel (buques pesqueros) coverage in Spain. Its portfolio spans three lines: maritime (fishing vessels, P&I, recreational boats, sport fishing), multi-risk (home, commerce, community associations, SMEs, civil liability), and life (individual, collective, and military-specific products). Additional products such as funeral insurance are distributed through a partnership with Santa Lucía.

The company operates on a fixed-premium subscription model across all product lines, generating revenue through recurring periodic premiums from individual policyholders and corporate accounts. Distribution is anchored by a network of over 230 agents distributed along the Spanish coastline, supported by territorial directors covering the Northwest, North, and Portugal regions. Direct customer service is delivered via Madrid headquarters, regional offices, phone lines (including 24-hour claims reporting), and an online customer portal. Strategic partnerships include a long-standing alliance with the Real Federación Española de Vela (RFEV) since 2015 and a SoftQs integration for EIAC-format policy and claims exchange.

Governance is structured as a mutual, with policyholders holding membership rather than external equity; no venture capital or private equity investors are involved. The organization employs 51-100 staff and is GDPR-compliant under Spanish data protection law. Recent strategic moves point toward Iberian consolidation — including commercial responsibility for Portugal and unification of northern peninsula commercial management — alongside selective product expansion and ecosystem-building in the Spanish maritime professional community.

Name

Murimar Seguros

Legal name

Mutua de Riesgo Marítimo, Soc. Seg. APF

Website

https://murimar.com

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

51–100 employees

Short description

Murimar Seguros is a Spanish mutual insurer founded in 1927 specializing in maritime insurance with market leadership in fishing vessel coverage, also offering multi-risk and life products distributed through 230+ agents across Spain's coastal regions.

Ownership category

akta.pro rank

Product category

Maritime and multi-risk insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA)

akta.pro secondary industries

Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH), Yacht & Pleasure Craft Insurance (FSAJAHAI), Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

Keywords

• Maritime insurance products
• Fishing vessel insurance
• Multi-risk insurance
• Life insurance policies
• Mutual insurance company

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums - Maritime: Collection of fixed premiums (prima fija) for maritime insurance coverage including fishing vessels, P&I (Protection & Indemnity), recreational boats, and sports fishing. As a mutual insurance company (mutua de seguros), it operates on a fixed premium basis.
2. Insurance Premiums - Multi-risk: Property and casualty insurance products including home (hogar), commerce, community associations, SME (PYMES), and civil liability coverage.
3. Insurance Premiums - Life: Life insurance products including individual life, collective life, and specialized life insurance for military personnel. Revenue collected through periodic premiums (prima periódica).
4. Funeral Insurance Distribution: Distribution partnership with SantaLucía for funeral insurance (seguro de funerario/decesos) through Murimar's network of over 230 agents, earning commission on policies sold.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Murimar Seguros is a Spanish mutual insurance company that underwrites and distributes maritime, multi-risk, and life insurance policies through a network of over 230 coastal agents. Its flagship product is fishing-vessel insurance, where it claims market leadership in Spain, complemented by P&I, recreational-boat and sport-fishing coverage, home/commerce/community/SME/civil-liability policies, and individual, collective, and military life insurance. The firm also distributes third-party funeral insurance through a SantaLucía partnership.

Product overview

Murimar Seguros is a mutual insurance company (Mutua de seguros a prima fija) specializing primarily in maritime and fishing vessel insurance, where it holds a market leadership position in Spain. The company operates three main product lines: Maritime insurance covering fishing vessels, P&I, recreational boats, and sport fishing; Multi-risk insurance for homes, businesses, communities, SMEs, and civil liability; and Life insurance including individual, collective, and military-specific products. The product portfolio is distributed through a network of over 230 agents across Spanish coastal regions, with strategic partnerships including SantaLucía for funeral expense insurance distribution.

Differentiator

Problem solved

Functional benefit

Named customers2 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

Integration1 record

Partnerships

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

• Fundación INADEminorStrategic or Co-development Partner · 10 February 2025Murimar joined the Advisory Council of Fundación INADE through a collaboration agreement signed by Director General José Luis López Hernández. The partnership aims to work together in promoting risk culture and insurance awareness, leveraging Murimar's expertise in maritime and fishing sectors.
• SantaLucíacoreChannel Partner/ Reseller/ Distributor · 13 December 2023Distribution partnership for funeral insurance (seguro de funerario) products. SantaLucía, as market leader in funeral insurance, provides the product while Murimar distributes through its network of over 230 agents to serve its fishing vessel market and their families.
• Association of Armadores de Punta Del MoralminorStrategic or Co-development Partner · 9 November 2023Sustainability partnership supporting the Association's initiatives including adoption of flying trawl doors that minimize marine environment impact, reduce fuel consumption, and decrease carbon footprint. Aligned with Sustainable Development Goals (SDGs) and part of Murimar's strategic commitment to sustainability.
• Real Federación Española de Vela (RFEV)flagshipStrategic or Co-development Partner · 1 January 2015Strategic alliance since 2015 that has evolved beyond simple sponsorship into a comprehensive partnership based on shared values of anticipation, risk management, discipline, and reaction capacity. The partnership includes institutional support for Spanish sailing and support for female sailing talent including Olympic champion Támara Echegoyen and pre-Olympic team members Paula Barceló and María Cantero.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Asefa Seguros: Spanish mutual insurer specializing in construction, decennial and P&C lines. Comparable regional/Spanish mutual structure; product overlap mainly on SME and civil liability rather than marine.

Broad incumbents

• Zurich Seguros (Zurich Spain): Spanish arm of Zurich Insurance offering P&C, marine and life products. Comparable as a broad incumbent competing for Spanish multirriesgos, marine and life customers.
• Mutua Madrileña: Large Spanish mutual insurer offering motor, home, life and SME coverage. Closely comparable governance structure to Murimar as a mutual, and overlaps on multirriesgos and life lines.
• Mapfre: Spain's largest multiline insurer with marine, P&C and life lines. Competes with Murimar across home, SME, life and marine; broader portfolio but smaller specialization in fishing vessel hull.

Direct peers

• Pantaenius: German-headquartered marine insurance specialist underwriting yachts, motorboats and small commercial vessels across Europe. Highly comparable to Murimar's recreational boat and sport fishing lines and its European coastal distribution model.
• Skuld: Norwegian P&I and marine insurance club serving shipowners and operators. Directly comparable to Murimar on P&I and hull, with similar mutual ownership and fishing/small commercial vessel focus.
• UK P&I Club: One of the largest P&I clubs globally, providing marine liability cover to shipowners. Directly comparable to Murimar's P&I product and to its mutual-style continuous-coverage philosophy.
• Markel International: Specialty insurer underwriting marine hull, P&I, war risks and yacht cover in Europe. Overlaps with Murimar on fishing vessel hull, P&I and recreational marine products.
• Gard (Assuranceforeningen Gard): Norwegian marine insurance club providing P&I, hull and loss-of-hire cover to shipowners globally. Directly comparable to Murimar's P&I and fishing-vessel hull offerings, sharing the mutual/clublike structure.
• Standard Club (The Standard Club): International P&I and marine liability club within the Britannia group. Comparable as a P&I and marine liability underwriter competing for the same fishing and small commercial vessel segment that Murimar serves.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/MurimarSeguros
• Facebookfacebook.com/MurimarSeguros
• LinkedInlinkedin.com/company/murimar-seguros

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 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 Murimar Seguros