Ocidental

What Ocidental does

Ocidental - Companhia Portuguesa de Seguros de Vida, S.A. is a Portuguese licensed life insurance company operating as part of Grupo Ageas Portugal, a diversified insurance conglomerate. The company provides a comprehensive insurance and financial protection portfolio spanning health (Médis, Médis Dental, Médis Light), life (YOLO!, FORTE), property and auto (Móbis, HOMIN), personal accident, travel, pet insurance (Pétis), credit-linked protection products, and a broad range of pension and investment vehicles (PPR series, unit-linked, Easy Invest, guaranteed investment products). It serves two distinct customer segments — individual consumers (Particulares) and businesses (Empresas) — with the corporate offering including fleet auto, multi-risk business coverage, employer liability, employee benefits, cyber insurance, and corporate pensions.

The business operates through a multi-channel distribution model anchored by a strategic bancassurance partnership with Millennium bcp, supplemented by an independent insurance mediator network (agentes.ocidental.pt) and direct sales via website and contact channels. Revenue is generated through recurring insurance premiums across all product lines, with credit-linked products creating structural stickiness via multi-year terms tied to mortgage and personal loan agreements. The company holds ASF regulatory registration (1024) and operates from a registered headquarters in Lisbon with Capital Social of €22.375M for the life entity and €7.5M for the related non-life entity Ageas Portugal - Companhia de Seguros, S.A., which shares the same address.

The underlying technology platform supports digital policy management, claims processing, and customer service. In September 2025, Ocidental discontinued its standalone mobile application and redirected customers to web-based services, including the integrated "Seguros é na App" experience within the Millennium bcp banking application. The company received European-level recognition through a Gold Medal at the Qorus Reinvention Awards Europe 2026 jointly awarded with Millennium bcp for innovation in their bancassurance partnership.

Name

Ocidental

Legal name

Ocidental - Companhia Portuguesa de Seguros de Vida, S.A.

Website

https://ocidental.pt

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Ocidental is a Portuguese life insurance company within Grupo Ageas Portugal, offering health, life, property, auto, pension, and investment products to individual consumers and businesses across Portugal, distributed primarily through a bancassurance partnership with Millennium bcp.

Ownership category

akta.pro rank

Product category

Life and Health Insurance

NAICS

Direct Life Insurance Carriers (524113), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Life Insurance (6311), Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Accidental Death & Dismemberment (AD&D) (FSAJAJAC)

akta.pro secondary industries

Supplemental/Voluntary Group Term Life (Employee-Paid) (FSAIADAB), Worksite AD&D Insurance (FSAIAMAE)

Keywords

• Life insurance products
• Health insurance plans
• Bancassurance distribution
• Pension and investment products
• Property and casualty insurance

Headquarters

HQ city

Porto Salvo

HQ country

Portugal

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, Supply Chain

Revenue model

1. Insurance Premiums - Life: Life insurance products including term life (YOLO!), FORTE, and life insurance associated with credit (housing and personal loans). Revenue generated through recurring premium payments.
2. Health Insurance Premiums: Health insurance products including Médis (comprehensive health plan), Médis Dental, and Médis Light for individuals and businesses (Médis Empresas). Revenue through periodic premiums.
3. Property Insurance Premiums: Property insurance including HOMIN (home insurance), Móbis (automobile insurance), and multi-risk policies. One-time and recurring premium models.
4. Savings and Investment Products: Pension fund products (PPR), unit-linked investments, and guaranteed investment products including Reforma Ativa PPR, Easy Invest, Investimento Garantido, and others.
5. Credit-Linked Insurance: Payment protection plans and life insurance associated with mortgage and personal credit, including Plano Proteção Pagamentos.
6. Accident and Liability Insurance: Personal accident insurance, work accident insurance for employees, and civil liability products.
7. Travel Insurance: Travel protection products including Proteção Viagem and Viagem ON/OFF.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Ocidental is a Portuguese life and non-life insurance company that sells a comprehensive portfolio of insurance and investment products to individuals and businesses, including health (Médis), life (YOLO!, FORTE), home (HOMIN), automobile (Móbis), pet (Pétis), travel, personal accident, work accident, liability, and credit-linked insurance, as well as pension plans (PPR) and unit-linked investment products. Distribution is carried out primarily through a bancassurance partnership with Millennium bcp, a network of independent insurance mediators, and the company's own direct channels.

Product overview

Ocidental is a Portuguese insurance company offering a comprehensive portfolio of insurance products for both individuals (Particulares) and businesses (Empresas). The product range includes health insurance (Médis, Médis Dental, Médis Light), automobile and property insurance (Móbis), home insurance (HOMIN), pet insurance (Pétis), personal accident insurance, life insurance (YOLO!, FORTE), travel protection (Proteção Viagem, Viagem ON/OFF), and pension/investment products (Reforma Ativa PPR, Unit Linked, Easy Invest). For businesses, Ocidental provides fleet insurance, multi-risk business coverage, local accommodation insurance, employee benefits (Médis Empresas), and cyber risk insurance. The company also offers credit-linked insurance products for home loans and personal loans. Ocidental distributes products through its own channels and through a strategic partnership with Millennium bcp, offering bundled insurance packages through the bank. The company is part of the Ageas Portugal group and operates under ASF regulation.

Differentiator

Problem solved

Functional benefit

Brands

• Médis: Health insurance system for individuals and businesses
• Médis Dental
• Médis Light
• Móbis
• HOMIN
• Pétis
• FORTE
• YOLO!

Products and services

• Médis Health insurance product providing medical coverage for individuals, including access to healthcare networks and reimbursement of medical expenses.
• Médis Dental Dental insurance coverage offering protection for dental care expenses for individual customers.
• Médis Light Entry-level health insurance with basic coverage at reduced cost for individual consumers.
• Seguro de Vida YOLO! Life insurance product with distinctive branding targeting younger demographics.
• FORTE Life insurance product offering robust coverage for individual policyholders.
• Móbis Automobile insurance providing coverage for vehicles and related risks for individual consumers.
• HOMIN Multi-risk home insurance covering damages to residential properties of individual policyholders.
• Pétis Insurance coverage for domestic animals, specifically pets, for individual consumers.
• Pacote de Seguros Bundled insurance package offered through Millennium bcp combining multiple insurance products for centralized policy management and cost savings.
• Proteção Viagem Travel insurance providing protection during trips for individual travelers.
• Viagem ON/OFF Travel insurance product with flexible on/off coverage options allowing customers to activate coverage as needed.
• Reforma Ativa PPR 2ª Série Pension product (PPR - Plano Poupança Reforma) for retirement savings with active reform features for individual savers.
• Dupla Reforma PPR 6ª Série Double reform pension product (PPR) offering dual retirement benefits for individual savers.
• Reforma Segura PPR 12ª Série

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Millennium bcpcoreChannel Partner/ Reseller/ Distributor · 1 January 2026Bancassurance partnership where Millennium bcp distributes Ocidental insurance products including a combined insurance package offering savings through centralized policy management. Ocidental and Millennium bcp jointly won the Gold Medal at the Qorus Reinvention Awards Europe 2026 for their partnership. The partnership includes integrated marketing campaigns such as 'Seguros é na App' promoting how customers can access insurance through the Millennium bcp app.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCHu0mJKgRPo92_iJZYGH9oA
• LinkedInlinkedin.com/company/ocidental

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 Ocidental