What Mgéfi does

Mgéfi is a French mutual insurance company (mutuelle) founded in 2007 through the consolidation of six mutuelles from the Ministry of Finance and Industry, headquartered in Paris at 6 rue Bouchardon. The company specializes in complementary health insurance and prévoyance (death, disability, and income protection) products for French public sector employees, with sub-brands covering state civil servants (Offre Agent d'État), territorial agents under a labeled framework (VicTerria Santé, launched 2023), hospital staff, and retired civil servants. The product portfolio also includes collective contracts for public institutions, dependency insurance (Plurio Dépendance), death cover (Protectio Décès), extended salary maintenance (Premuo M022), loan insurance (Munite), and travel insurance (Mgéfi Pass'Voyage).

Mgéfi's technology stack is centered on a digital member portal (Espace Adhérent) that handles reimbursements, contract management, teleconsultation scheduling, and geolocated healthcare provider search, supported by phone advisors and a self-serve online quote tool. Members can access 24/7 medical teleconsultation across 15+ specialties, with reimbursements processed within 48 hours and tiers payant available to eliminate upfront payments. The company publishes GDPR-compliant data policies, holds an 82.86% RGAA 4.1.2 accessibility rating, and has achieved an 85/100 professional gender equality index in 2025.

The business model is a recurring subscription mutuelle that collected premiums from approximately 223,000 people in health coverage and 162,000 prévoyance contracts, redistributing 84.6% of premiums back to members in 2024. Distribution relies on a hybrid model: a network of 1,000 volunteer militants embedded in ministries for institutional relationships, an online self-serve quote and subscription flow, phone advisors, and direct sales of collective contracts to public institutions. Since January 2023, Mgéfi has operated as the public function health and prévoyance pillar of the SGAM Matmut group (4.5 million protected persons, 6,500 employees, 480 agencies), retaining operational autonomy while accessing the parent group's infrastructure and scale.

Name

Mgéfi

Legal name

Mgéfi

Website

https://mgefi.fr

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

Mgéfi is a French mutual insurance company that provides complementary health insurance and prévoyance (death, disability, income protection) products to French public sector employees, including state, territorial, and hospital agents, operating as the public function pillar of SGAM Matmut.

Ownership category

akta.pro rank

Product category

Mutual Health Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Agencies, Brokerages, and Other Insurance Related Activities (5242), Health and Welfare Funds (52512)

SIC

Accident & Health Insurance (6321), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Insurance Program Administration & MGA/MGU Services (FSAEADAK)

Keywords

• Mutual health insurance
• Complementary health insurance
• Public sector insurance
• Provident insurance
• Civil servant mutuelle

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Health Insurance Premiums: Mgéfi collects monthly premiums (cotisations) from members in exchange for health coverage. Premium rates vary by coverage level, family composition, and public servant category. The mutuelle redistributes 84.6% of premiums back to members as reimbursements and benefits.
2. Prévoyance (Death/Disability Insurance): Supplementary prévoyance contracts providing salary maintenance and death/disability coverage. 162,000 prévoyance contracts in force.
3. Collective Contracts: Group insurance contracts for public institutions covering employees' health and prévoyance needs.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

Mgéfi is a mutual insurance company that provides complementary health insurance and provident (death/disability/income protection) coverage primarily to French public sector employees, including state civil servants, territorial agents, hospital agents, and retirees. The company operates a mutualist model that redistributes 84.6% of premiums back to members as benefits, offering tailored health plans, salary maintenance coverage, and access to digital services including teleconsultation and a member portal.

Product overview

Mgéfi is a mutual insurance company specializing in public sector employee protection. The product portfolio centers on complementary health insurance with sub-products for state employees (Offre Agent d'État) and territorial employees (VicTerria Santé), provident insurance including Premuo M022 (salary maintenance), Plurio Dépendance (dependency), and Protectio Décès (death coverage), collective contracts for institutional clients, and specialized offerings such as Mutun loan insurance and Mgéfi Pass'Voyage travel insurance. A digital member portal (Espace Adhérent) provides embedded services including teleconsultation, geolocation of healthcare professionals, and online procedures.

Differentiator

Problem solved

Functional benefit

Brands

• VicTerria Santé: Offre santé labellisée à destination des agents territoriaux
• Premuo M022
• Plurio Dépendance
• Protectio Décès
• Mgéfi Pass'Voyage
• Munite

Products and services

• Santé - Offre Agent d'État Complementary health insurance specifically designed for state civil servants (agents d'État), offering coverage adapted to their professional status and family needs. Includes health coverage, salary maintenance, and additional services.
• VicTerria Santé - Offre Agent Territorial Labeled health insurance offer for territorial public sector employees (agents territoriaux), benefiting from employer financial participation. Launched in 2023 as part of the PSC reform.
• Premuo M022 - Prévoyance
• Plurio Dépendance - Prévoyance Dependency insurance product covering loss of autonomy situations, providing financial protection when members require long-term care assistance.
• Protectio Décès - Prévoyance Death insurance product providing financial protection for beneficiaries in the event of the insured member's death.
• Mgéfi Pass'Voyage Travel insurance add-on product providing coverage during trips, including medical emergencies and travel-related incidents.
• Mutun - Assurance Emprunteur Loan insurance product offered as an alternative to traditional banking solutions for borrower credit protection on mortgage and consumer loans.
• Contrats Collectifs Collective insurance contracts protecting the health and provident needs of employees of public institutions and territorial structures, offered as group plans to institutional clients.
• Complémentaire Santé Solidaire Solidarity-based complementary health insurance for eligible individuals with limited resources, providing access to healthcare coverage with state support.
• Espace Adhérent Secure online member portal providing access to reimbursement tracking, contract management, teleconsultation services, health professional geolocation, and various online procedures for existing members.

Quantifiable outcome

• 84.6% premium redistribution rate to members in 2024
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Institut Mutualiste MontsourisminorStrategic or Co-development Partner · 1 February 2025Mgéfi organized a symposium on 'Mental Well-being: A Public Health Question' at Institut Mutualiste Montsouris in Paris, featuring speakers including Marie-Claire Carrère-Gée and Pr Maurice Corcos.
• ViavoiceminorStrategic or Co-development Partner · 1 October 2024Mgéfi commissioned Viavoice to conduct a health mental barometer study among French citizens and public servants to better understand and address mental health needs, releasing findings as part of France's 2025 Grande Cause Nationale for mental health.
• MFP ServicesminorImplementation/ SI/ Consulting Partner · 20 November 2023MFP Services coordinated COVID-19 vaccination campaigns at the Ministry of Economy and Finance sites (Bercy, Lille, Marseille, Lyon, Dunkerque, Montreuil). Mgéfi participated in these campaigns alongside MFP Services and the ministries.
• Groupe Matmut (SGAM Matmut)coreStrategic or Co-development Partner · 1 January 2023Mgéfi joined the Société de Groupe d'Assurance Mutuelle (SGAM) Matmut on January 1, 2023, becoming the pillar for public function health and prévoyance within the larger mutual insurance group. Mgéfi maintains autonomy while benefiting from Matmut's operational infrastructure, brand recognition, and financial strength. The groups share mutualist values of solidarity, equity, and proximity.
• EcoTreeminorStrategic or Co-development Partner · 1 January 2020Mgéfi partnered with EcoTree in 2020 for environmental sustainability initiatives. As part of the partnership, one tree is planted in Brittany forests for every 10 new school enrollments. Mgéfi also gave each of its 200 employees a Sitka Spruce tree in the Lanrivain forest. Partner trees represent 15 tonnes of CO2 absorption annually.
• EZCO AssociationminorStrategic or Co-development Partner · 1 January 2018Since 2018, Mgéfi has partnered with EZCO to provide free ophthalmological care in Madagascar. Mgéfi funds equipment including vehicles for mobile clinics and inverters for the Antsirabe clinic. The partnership includes eyeglass collection drives at Mgéfi headquarters and ministries. More than 1,300 pairs of glasses are provided annually.
• Fondation Maladies RaresminorStrategic or Co-development Partner · 1 January 2016Since 2016, Mgéfi has supported the Fondation Maladies Rares through funding for specific research projects, including a study on the impact of Huntington's disease on couple relationships directed by Professor Pascal Antoine.
• Comin GminorStrategic or Co-development Partner · 1 January 2015Comin G is the association for LGBT+ employees at the Ministry of Economy and Finance. Mgéfi has partnered with Comin G for annual joint actions including World AIDS Day prevention activities and supports the association's initiatives within ministries.

Scale indicators9 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• MGEL: French mutual serving public sector employees (education, youth, sports ministries) with health, housing, and prévoyance products. Comparable to Mgéfi's public-sector vertical specialization and member-governed structure.
• Harmonie Mutuelle: One of France's largest health mutuelles (part of Groupe VYV) serving individuals and public sector employees with complementary health, prévoyance, and collective contracts. Closely comparable to Mgéfi in product mix and mutualist model, but at materially larger scale.
• Mutuelle Générale: French health mutuelle offering complementary health and prévoyance to individuals, families, and public sector employees. Directly comparable to Mgéfi's value proposition and target customer base, with longer operating history.
• MNH (Mutuelle Nationale des Hospitaliers): Mutuelle dedicated to public hospital workers, offering health and prévoyance coverage. Directly comparable to Mgéfi's hospital civil servant segment and mutualist model, with strong niche specialization.

Emerging players

• Alan: French digital-first health insurer offering individual and small-business complementary health insurance. Comparable to Mgéfi in health insurance product and digital UX focus, but emerging with a venture-backed, for-profit model targeting younger customers.

Broad incumbents

• AG2R La Mondiale: Large French insurance group with strong workplace health and prévoyance presence. Comparable to Mgéfi's collective/B2B2C distribution motion and prévoyance product range, but operating across pensions, savings, and insurance broadly.
• Groupe VYV: Leading French mutualist health and prévoyance group (parent of Harmonie Mutuelle). Mgéfi was part of VYV from 2017 to 2023, making VYV the most structurally comparable incumbent and the group Mgéfi departed to join Matmut SGAM.
• AXA France: Major French insurer offering health, prévoyance, and collective protection products to individuals and public sector employees. Comparable as a broad incumbent competing for the same French civil servant segment via collective contracts and brand.
• Groupe Matmut: Parent mutual insurance group protecting 4.5M people; Mgéfi operates as its public-sector pillar since January 2023. Comparable as the organizational backbone and counterparty for Mgéfi's growth, though Matmut's core is broader P&C and auto insurance.
• Malakoff Humanis: Major French group specializing in workplace health and prévoyance (collective contracts). Comparable to Mgéfi's collective contract and prévoyance offerings but at significantly larger scale, with broader employer footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MutuelleMGEFI
• LinkedInlinkedin.com/company/mgefi

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Mgéfi