Agrupación Mutual Aseguradora

What Agrupación Mutual Aseguradora does

Agrupación Mutual Aseguradora (A.M.A.) is a Spanish mutual insurance company founded in 1965 and domiciled in Madrid, structured as a Mutua de Seguros a Prima Fija and owned collectively by its policyholder-members. The company is the only mutual insurer in Spain specializing exclusively in healthcare professionals and their establishments, having built dedicated professional liability expertise since 1994. Its portfolio spans professional liability coverage for more than 15 healthcare professions (physicians, nurses, pharmacists, veterinarians, dentists, physiotherapists, psychologists, and others), multi-risk insurance for healthcare establishments (pharmacies, medical clinics, veterinary clinics, dental clinics, audioprosthetic centers), and personal lines (auto, home, life, travel, pet, accident, boat, motorcycle, funeral). Complementary offerings include labor sick-leave insurance, aggression-defense protection, roadside assistance, an in-house handyman service branded El Manitas, IT support, online testament services, and a loyalty program (Club AMA) with more than 300 partner brands.

A.M.A. distributes through direct digital channels (a website with online quote calculators across auto, home, life, travel, pharmacy, and establishment lines) plus a native iOS/Android application, alongside a physical office network and embedded relationships with healthcare professional colleges throughout Spain. Wholly-owned subsidiaries A.M.A. Vida (life insurance) and A.M.A. América (operating in Ecuador) extend the group's reach, while Fundación A.M.A., constituted in 2010, runs scholarships for medical residents (MIR, FIR, EIR, PIR, BIR, QIR, RFIR), scientific awards, and the Premio Mutualista Solidario (12 editions, €60,000 per edition). The company has also entered a financial-product distribution agreement with CBNK Banco de Colectivos to cross-sell banking products to its mutual member base.

The underlying technology stack is a conventional insurance platform with self-service quote calculators and a mobile application; no proprietary AI/ML capabilities, patents, or public APIs are disclosed. Revenue is generated entirely through insurance premiums on a subscription/recurring basis, with pricing individualized by professional category, establishment type, and risk profile. Headcount sits in the 251-500 band and the company remains privately held under mutual governance with no external shareholders or venture capital owners.

Name

Agrupación Mutual Aseguradora

Legal name

A.M.A., AGRUPACIÓN MUTUAL ASEGURADORA, Mutua de Seguros a Prima Fija

Website

https://amaseguros.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

251–500 employees

Short description

Agrupación Mutual Aseguradora is a Spanish mutual insurance company, founded in 1965 and headquartered in Madrid, specializing exclusively in professional liability and multi-risk insurance for healthcare professionals and their establishments, with complementary personal lines and wholly-owned life and Latin American subsidiaries.

Ownership category

akta.pro rank

Product category

Professional Liability Insurance

NAICS

Insurance Carriers and Related Activities (524), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Carriers (5241)

SIC

Insurance Carriers, Nec (6399)

akta.pro primary industry

CO-OP / Nonprofit Individual Market Plans (HLAEABAH)

Keywords

• Professional liability insurance
• Healthcare professional insurance
• Mutual insurance society
• Medical malpractice coverage
• Multi-risk establishment insurance

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, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: A.M.A. generates revenue through insurance premiums from multiple product lines including professional liability insurance for healthcare workers, multi-risk insurance for healthcare establishments, and personal insurance products (auto, home, life, travel). The company operates as a mutual insurance society (Mutua de Seguros a Prima Fija) providing coverage primarily to healthcare professionals and their establishments.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

A.M.A. Agrupación Mutual Aseguradora is a Spanish mutual insurance company (Mutua de Seguros a Prima Fija) founded in 1965 that provides professional liability insurance to healthcare professionals (physicians, nurses, pharmacists, veterinarians, dentists, physiotherapists, and others), multi-risk insurance for healthcare establishments (clinics, pharmacies, veterinary clinics, dental clinics), and personal insurance lines including auto, home, life, travel, pet, accident, and funeral insurance. The company also offers supplementary assistance services (roadside assistance, handyman repairs, IT support) and operates a loyalty program (Club AMA) with discounts from more than 300 brands.

Product overview

A.M.A. (Agrupación Mutual Aseguradora) is a Spanish mutual insurance company founded in 1965, specializing in insurance for healthcare professionals. The company operates a multi-product insurance platform offering professional liability insurance for over 15 healthcare professional categories (doctors, nurses, pharmacists, veterinarians, dentists, physiotherapists, psychologists, and more), multi-risk insurance for healthcare establishments (pharmacies, clinics, medical centers), and personal insurance products (car, home, life, travel, pet, accident, boat, motorcycle insurance). The portfolio includes core insurance products supplemented by assistance services (roadside assistance, home repair 'El Manitas', IT support), digital services (online wills, mobile app), and a loyalty program (Club AMA). The company also operates subsidiaries A.M.A. Vida for life insurance and A.M.A. América for Latin American markets, along with Fundación A.M.A. for healthcare professional support through scholarships and awards.

Differentiator

Problem solved

Functional benefit

Brands

• Club AMA: Customer loyalty and discount program offering benefits from over 300 brands.
• El Manitas
• Fundación A.M.A.

Products and services

• Professional Liability Insurance for Healthcare Professionals

Quantifiable outcome

• 12 editions of solidarity awards distributed €60,000 each

Named customers6 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

Integration2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Asociación Española de Derecho SanitariominorStrategic or Co-development PartnerCo-organizer of the Premio Nacional de Derecho Sanitario together with Fundación A.M.A. and Fundación De Lorenzo. Partnership focuses on promoting healthcare law research and academic excellence.
• Fundación De LorenzominorStrategic or Co-development PartnerCo-sponsor of the Premio Nacional de Derecho Sanitario alongside Fundación A.M.A. and Asociación Española de Derecho Sanitario.
• Healthcare Professional CollegescoreChannel Partner/ Reseller/ DistributorDistribution partnership with professional colleges for physicians, pharmacists, veterinarians, dentists, nurses, and other healthcare professions throughout Spain. Products offered include professional liability insurance and establishment coverage.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Regional players

• The Doctors Company: US-based mutual insurer owned and governed by physicians, exclusively providing medical professional liability coverage. Highly comparable to A.M.A. in mutual structure and single-vertical med-mal focus, though operating in a different geography.
• Medical Protective (MedPro Group): One of the longest-standing US specialists in healthcare professional liability insurance, offering med-mal coverage to physicians, dentists, and other healthcare providers. Comparable to A.M.A. in vertical specialization but US-focused.

Broad incumbents

• SegurCaixa Adeslas: Largest health insurer in Spain, jointly backed by CaixaBank and Mutua Madrileña. Overlaps with A.M.A.'s healthcare professional and individual health segments but operates at much larger scale and as a generalist health carrier.
• Generali España: Spanish arm of Italy's Generali, offering P&C, life, and increasingly specialty professional lines in Spain. Overlaps with A.M.A.'s auto, home, and life products; a potential competitive entrant in the healthcare professional niche given its scale.
• Mapfre: Spain's largest global insurer, with significant auto, home, life, and increasingly healthcare professional offerings in Spain. Overlaps with A.M.A. across multiple lines but at vastly larger scale and as a diversified carrier.
• Sanitas (Bupa): Major Spanish health insurer (owned by Bupa) with provider networks across Spain. Competes for the same Spanish healthcare professionals and establishments, but its focus is health coverage rather than professional liability.
• DKV (Munich Re Group): German-backed Spanish health and personal-lines insurer. Competes directly with A.M.A.'s personal lines (health, accident, life, travel) offerings in Spain but lacks A.M.A.'s niche healthcare-professional positioning.

Direct peers

• ASISA: Spanish mutual healthcare insurer owned by doctors, with strong ties to physician professional colleges in Spain. Same cooperative structure and Spanish healthcare vertical focus as A.M.A., though primarily health rather than professional liability.
• Mutua Madrileña: Spain's largest mutual insurer (Mutua Madrileña Automovilista, expanded to multi-line). Same mutual ownership structure, Spain-only footprint, and broad personal-lines + auto focus as A.M.A., making it the closest domestic peer in governance and product breadth.
• SHAM (Société Hospitalière d'Assurances Mutuelles): French-headquartered mutual insurer dedicated to healthcare professionals and medical establishments across Europe (including Spain). Operates the same specialized mutual model as A.M.A., covering professional liability, facility, and personal lines for clinicians — the most directly comparable peer in product, customer, and structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/amaseguroses
• YouTubeyoutube.com/segurosAMA
• Facebookfacebook.com/amaseguroses
• LinkedInlinkedin.com/company/amaseguroses
• Instagraminstagram.com/amaseguroses

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 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 Agrupación Mutual Aseguradora