Espabrok
- Company typePrivate
- Founded1989
- HeadquartersMadrid, Spain
- Headcount251–500
- GTM typeB2B
- OfferingServices
Espabrok firmographics
Firmographics- Name
- Espabrok
- Legal name
- ESPABROK CORREDURIA DE SEGUROS, SA
- Website
- https://espabrok.es
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Espabrok industry classification
Industry- Product category
- Insurance Brokerage Network Services
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurtech-Enabled Brokerage (Digital Brokers & Aggregators) (FSAEADAN)
Keywords
Where Espabrok is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Espabrok business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Commission Income: Espabrok as an association of insurance brokerages generates revenue through commissions paid by insurance companies for the distribution of insurance products. The service provided to clients generally has no direct costs as the broker remuneration comes in the form of commissions from the insurer.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard brokerage services - commission-based |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Espabrok product offering
Product offeringCore offering
Espabrok is a professional association and network of independent insurance brokerages (corredurías de seguros) in Spain, currently comprising 134 member brokerages across all 17 Autonomous Communities and 44 provinces. The association provides member brokerages with exclusive distribution agreements with leading Spanish insurers (MAPFRE, ALLIANZ, AXA, GENERALI, ZURICH, REALE, PELAYO, etc.), proprietary technology platforms (multi-pricing tools, AI-based policy risk analysis, EIAC integration), 100% personalized advisory services, a subscription underwriting department, and exclusive insurance products. Revenue is generated primarily through commissions paid by the insurance companies whose products are distributed through the Espabrok network.
Product overview
Espabrok is a professional network of insurance brokers (corredurías de seguros) in Spain operating as a unified association with 134 member brokerages across 17 autonomous communities. The organization provides a comprehensive platform consisting of exclusive agreements with leading insurance companies (MAPFRE, ALLIANZ, AXA, GENERALI, ZURICH, REALE, PELAYO, and others), proprietary technology including an AI-based policy risk prediction system, and the EIAC/CIMA integration tools for seamless information exchange. The network offers its members 100% personalized advisory services, subscription department support, and exclusive insurance products. The technology infrastructure includes an internal intranet (SharePoint-based) and integration with multiple ERP systems (Ebroker, Gestibrok, Tesis Soft, MPM, etc.) used by member brokerages.
Differentiator
Problem solved
Functional benefit
Brands
- Espabrok Inversiones: Investment subsidiary of Espabrok with its own website
- Espabrok Talent
- Premio Espabrok
- Mujeres Espabrok
- Espabrok InCompany Wo-Men
- Nuevas Generaciones
- Premio Galicia Segura
Products and services
- Espabrok Network Membership / Association Services A professional association/network membership for independent insurance brokerages in Spain, granting access to exclusive distribution agreements with leading insurers (MAPFRE, ALLIANZ, AXA, GENERALI, ZURICH, REALE, PELAYO, Plus Ultra, Markel, Surne, Solunion), 100% personalized advisory services, subscription underwriting department, and exclusive insurance products.
- Policy Risk Prediction System (AI-based policy churn analytics) AI-driven system that analyzes brokerage client databases to identify insurance policies at risk of cancellation, enabling proactive retention actions by member brokerages.
- CIMA Connectivity Platform Integration Connectivity and innovation platform from TIREA that provides EIAC access and benefits to Espabrok member brokerages, integrated into their mediation workflows.
- EIAC Integration Services Electronic Insurance Accident Certificate (EIAC) integration services providing seamless information exchange between Espabrok member brokerages and insurance companies, deployed via MPM Software.
- Multi-pricing Comparison System A multi-tarification (multi-pricing) system provided to network brokerages that allows quick and easy price comparisons of insurance options across different insurance companies.
- Espabrok Inversiones Investment-focused sub-brand/subsidiary of Espabrok providing investment services to clients within the network's ecosystem.
Quantifiable outcome
- Network grew from 90 brokerages (2020) to 134 brokerages (2025), with complete national coverage
- +1 more outcomes
Companies that use Espabrok
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Espabrok technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability2 records
Feature4 records
Espabrok partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- TIREAcoreTIREA presented the CIMA platform connectivity and innovation initiative for insurance mediation, with Espabrok assuming membership costs for its brokerages.
- Euribron (International Brokerage Association)coreEspabrok is the Spanish partner of Euribron, an international association of insurance brokerages. Espabrok hosted the Euribron World Congress in Madrid in 2017.
- MAPFREcoreOne of the major insurance companies with distribution agreements through Espabrok's network of brokerages. MAPFRE is among the leading insurers in Spain with which Espabrok maintains commercial relationships.
- ALLIANZcoreALLIANZ has maintained collaboration agreements with Espabrok, renewed multiple times (2018, 2019, 2020). The partnership includes joint business development actions and exclusive products for the network.
- AXAcoreAXA and Espabrok have maintained alliance agreements renewed multiple times (2017, 2018, 2020). AXA maintains its commitment to long-term vision in relationships with this brokerage network.
- GENERALIcoreGENERALI has collaborated with Espabrok with agreement renewals (2018, 2019, 2021). The partnership includes commercial strategy development and exclusive products.
- REALE SeguroscoreREALE has extended its distribution agreement with Espabrok through 2026-2027. The partnership includes joint business development and exclusive products for the network.
- Plus Ultra SeguroscorePlus Ultra has maintained collaboration with Espabrok for multiple years (renewed for six consecutive years through 2022). Partnership includes exclusive products and commercial strategies.
- Pelayo Mutua de SeguroscorePelayo has formal collaboration agreements with Espabrok renewed multiple times (2017, 2018, 2019, 2020). Partnership includes strategic business development.
- MarkelcoreMarkel, specialist insurer in Liability, Accidents and Bond lines, has collaboration agreements with Espabrok renewed multiple times (2017, 2018, 2020, 2022). Includes D&O product distribution.
- SurnecoreSurne and Espabrok have identified growth opportunities for corporate clients with consulting services. Agreement renewed through 2021.
- INADE (Instituto Atlántico del Seguro)coreINADE provides external customer service for Espabrok, training programs, and strategic consulting. Located in Vigo (Pontevedra). Also provides whistleblower system management.
- ZURICHcoreLeading international insurer with distribution agreements through Espabrok's brokerage network.
- SolunionminorSolunion (Credit and Bond insurance specialist) provides training to Espabrok network on professional advice for corporate clients.
- Drive&WinminorDigital car insurance provider for young drivers (18-30 years old). Agreement allows Espabrok network access to exclusive product for young drivers segment.
- MPM SoftwarecoreTechnology partner providing software solutions including EIAC (Electronic Insurance Account Information) deployment for member brokerages using Visual SEG package.
- EUDAPRO, S.L.minorData Protection Delegate (DPD) service provider for Espabrok's compliance with GDPR and Spanish data protection regulations.
Scale indicators6 records
Recent moves8 records
Espabrok competitors and assessment
Company assessmentBroad incumbents
- Aon plc: Global insurance and reinsurance broker with established Spanish operations (Aon Iberia). Competes in the broader Spanish insurance intermediation market with broader service portfolio including risk management, HR consulting, and healthcare solutions where Espabrok also extends.
- Willis Towers Watson (WTW): Global insurance brokerage and advisory firm with significant Spanish operations. Comparable as a major insurance intermediary in the same Spanish market, but serving large corporate and specialty risks rather than the SME/individual segment focused on by Espabrok's member brokerages.
- Marsh & McLennan: World's largest insurance broker with Spanish presence (Marsh S.A. in Madrid). Operates in the same insurance distribution value chain in Spain but focuses on large corporate and complex risk placements versus Espabrok's SMB and personal lines orientation.
- Acrisure: Fast-growing global insurance brokerage platform built through aggressive acquisition of independent agencies. Comparable as a buyer/consolidator in the Spanish broker market and as a model of aggregator network expansion that Espabrok also pursues organically.
- Grupo Catalana Occidente: Spanish insurance group combining insurer (Plus Ultra Seguros, Seguros Bilbao) with broker distribution. Comparable as both a carrier partner of Espabrok and a competitor in the multi-channel Spanish distribution market through its own broker network.
- Howden Group Holdings: International insurance broker group with active acquisition strategy in Iberia, including purchases of Spanish brokerages. Directly comparable as a broker roll-up operator targeting the Spanish independent brokerage segment that Espabrok also serves.
Regional players
- SegurCaixa Adeslas: Major Spanish health and multi-line insurer with extensive broker-mediated distribution network. Comparable as a major counterparty/competitor in the Spanish insurance intermediation value chain, particularly relevant given Espabrok's expansion into health and life distribution.
Direct peers
- Euribron International Broker Network: International association of insurance brokerages of which Espabrok is the Spanish partner. Directly comparable as a broker network/association model, though operating across multiple European countries rather than Spain only.
- Cobertis Grupo Asegurador: Spanish insurance brokerage network and association with similar model of aggregating independent corredurías under a shared brand, technology platform, and exclusive carrier agreements. Directly comparable as a domestic broker network competing for the same independent brokerage talent pool in Spain.
Emerging players
- Coverwallet: Digital-first insurtech brokerage platform competing in the SME insurance segment that Espabrok's member brokerages also serve. Represents the technology-driven disruption that Espabrok's AI and multi-pricing tools are partially built to counter.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Espabrok social profiles
Digital presenceEspabrok compliance and trust
Trust signalCompliance1 record
Espabrok financial estimates
Financial estimateRevenue estimate
Valuation estimate
Espabrok leadership team
Management profileNumber of profiles
Profiles4 records
Espabrok funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Espabrok M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Espabrok
What does Espabrok do?
Espabrok is a professional association and network of independent insurance brokerages (corredurías de seguros) in Spain, currently comprising 134 member brokerages across all 17 Autonomous Communities and 44 provinces. The association provides member brokerages with exclusive distribution agreements with leading Spanish insurers (MAPFRE, ALLIANZ, AXA, GENERALI, ZURICH, REALE, PELAYO, etc.), proprietary technology platforms (multi-pricing tools, AI-based policy risk analysis, EIAC integration), 100% personalized advisory services, a subscription underwriting department, and exclusive insurance products. Revenue is generated primarily through commissions paid by the insurance companies whose products are distributed through the Espabrok network.
Is Espabrok a public or private company?
Espabrok is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Espabrok founded?
Espabrok was founded in 1989. It employs 251 to 500 people.
Where is Espabrok based?
Espabrok is headquartered in Madrid, Spain, in the Europe region.
How does Espabrok make money?
One revenue line is on record: commission Income.
Who are Espabrok's main competitors?
Broad incumbents on record are Aon plc, Willis Towers Watson (WTW), Marsh & McLennan, Acrisure, Grupo Catalana Occidente and Howden Group Holdings. SegurCaixa Adeslas is listed as a regional player. Direct peers are Euribron International Broker Network and Cobertis Grupo Asegurador. Coverwallet is listed as an emerging player.
Does Espabrok have an API?
No public API is recorded for Espabrok.
What industry is Espabrok in?
Espabrok's product category is Insurance Brokerage Network Services. Its primary akta.pro industry code is FSAEADAN, Insurtech-Enabled Brokerage (Digital Brokers & Aggregators). Its NAICS code is 52421 and its SIC code is 6411.