Brokers Financial Group
- Company typePrivate
- Founded1988
- HeadquartersMiami, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Brokers Financial Group firmographics
Firmographics- Name
- Brokers Financial Group
- Legal name
- BROKERS FINANCIAL & INSURANCE SERVICES
- Website
- https://brokersfinancialgroup.com
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Brokers Financial Group industry classification
Industry- Product category
- Insurance Brokerage
- NAICS
- Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
- akta.pro secondary industry
- Individual Health Insurance Brokerage & Distribution (FSAIAEAL)
Keywords
Where Brokers Financial Group is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Brokers Financial Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Technology or R&D, Operations
Revenue model
- Insurance Brokerage Commissions: As an MGA (Managing General Agent), the company earns commissions from insurance carriers for placing life, health, travel, disability, special risk, and savings plan insurance products. They work with multiple international insurance companies and earn override commissions on the agent network's production.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Insurance products are quoted based on individual assessment |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Brokers Financial Group product offering
Product offeringCore offering
Brokers Financial Group is a boutique international insurance Managing General Agent (MGA) that distributes health, life, disability, travel, special risk, and savings plan insurance products through a network of independent agents across Latin America. The company partners with US and international carriers such as VUMI Group, Best Doctors Insurance, Olé Life, Transamerica, Prudential, and Lincoln Financial Group, providing Latin American agents and their clients access to international coverage solutions.
Product overview
Brokers Financial Group is a boutique international insurance broker (MGA) with over 35 years of experience operating as a unified platform for insurance distribution. The company offers a comprehensive portfolio of seven core insurance products: Health Insurance (Seguros de Salud), International Life Insurance (Seguros Internacionales de Vida), US Life Insurance (Seguros de Vida USA), Travel Insurance (Seguros de Viaje), Disability Insurance (Seguros de Incapacidad), Special Risk Insurance (Seguros de Riesgos Especiales), and Savings Plans (Planes de Ahorro). These products are distributed through a network of specialized agents across Latin America, with partnerships with major international insurers including VUMI Group, Best Doctors Insurance, Morgan White International, Allianz Care, Ole Life, Transamerica, Prudential, Lincoln Financial Group, and others. The company also provides agent tools including FormsPipe, LifePipe, Product Information, and iGO platforms for quote generation and policy management.
Differentiator
Problem solved
Functional benefit
Products and services
- Seguros de Salud (Health Insurance) International health insurance offering direct access to physicians and hospitals worldwide, with policies from major international insurers (VUMI Group, Best Doctors Insurance, Allianz Care) designed for individuals and companies seeking comprehensive medical coverage across borders.
- Seguros Internacionales de Vida (International Life Insurance) Permanent and term life insurance products from international carriers (BMI, AFI, Manhattan Life, Redbridge Insurance) with competitive premiums, providing financial protection for beneficiaries and serving as a foundation for financial planning.
- Seguros de Vida USA (US Life Insurance) Access to major US life insurance companies (Transamerica, Symetra, Prudential, Lincoln Financial Group, John Hancock) offering term and whole life products for family, retirement, and financial objectives, available to Latin American clients through a Foreign National program.
- Seguros de Viaje (Travel Insurance) Travel insurance policies from carriers including Redbridge and BMI Travel Assist, covering medical emergencies, trip cancellations, interruptions, and travel delays for individuals traveling internationally.
- Seguros de Incapacidad (Disability Insurance) Professional disability insurance from carrier Griffin providing temporary and permanent economic protection against illnesses or accidents that prevent individuals from working normally.
- Seguros de Riesgos Especiales (Special Risk Insurance) Special risk coverage through Hiscox Special Risks providing protection against kidnapping, assault, or extortion through prevention services, crisis management, and risk transfer for individuals, families, and businesses exposed to high-risk environments.
- Planes de Ahorro (Savings Plans) Savings plans with carriers INV Trust and Manhattan offering single and regular contribution products across various risk profiles, from fixed-income capital-protected portfolios to alternative investments.
Quantifiable outcome
- #1 Broker in sales for Olé Life in 2024 - third consecutive year
- +1 more outcomes
Companies that use Brokers Financial Group
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles1 record
Brokers Financial Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Brokers Financial Group partnerships and signals
Strategic signalPartnerships
24 partnerships are on record, tiered core and minor.
- LIBRA Insurance PartnerscoreMember of the largest US broker network, providing access to top-tier insurance solutions, direct insurer relationships, and competitive compensation levels. This membership enables Brokers Financial Group to offer first-level solutions and direct access to insurance carriers.
- MRDTcoreMember of the highest standard of excellence in insurance and financial services globally. MRDT represents premium standards in the industry.
- Olé LifecoreInsurance company specializing in life insurance products. Brokers Financial Group is the #1 broker in sales for Olé Life for three consecutive years (2022-2024). Olé Life offers term and life insurance with digital platform, no medical exams up to $1 million, and terminal illness benefits.
- INV TrustminorInsurance company partner represented for savings plans products
- ManhattanminorInsurance partner for savings plans offerings
- Hiscox Special RisksminorSpecial risk insurance partner for kidnapping, assault, extortion coverage, crisis management, and enterprise protection in complex environments worldwide
- GriffinminorDisability insurance partner for professional disability coverage
- VUMI GroupcoreTop 3 Best Selling Agency 2024 recognition. Health and travel insurance partner offering international coverage solutions
- RedbridgecoreAwarded 'Life, Health, Personal Accident & Travel Agency of the Year 2026' and President's Club recognition. Travel insurance and assistance partner
- BMI Travel AssistminorTravel insurance partner for travel coverage solutions
- BMIminorInternational life insurance partner
- AFIminorInsurance partner for international life products
- Manhattan LifeminorLife insurance partner offering international coverage
- Redbridge InsuranceminorInternational insurance partner for life and health coverage
- VUMI GroupcoreHealth insurance partner providing international health coverage access to hospitals and doctors worldwide
- Best Doctors InsuranceminorInternational health insurance partner for comprehensive medical coverage
- Morgan White InternationalminorInternational insurance partner serving Latin America market
- Allianz CareminorInternational health insurance partner for global coverage solutions
- Trawick InternationalminorInternational insurance partner for travel and health coverage in Latin America
- TransamericaminorUS life insurance partner for term and whole life products
- SymetraminorUS life insurance partner
- PrudentialminorUS life insurance partner
- Lincoln Financial GroupminorUS life insurance partner
- John HancockminorUS life insurance partner
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Brokers Financial Group competitors and assessment
Company assessmentDirect peers
- GeoBlue (Blue Cross Blue Shield): GeoBlue markets international health insurance and travel medical coverage to US expatriates and travelers through a broker/agent channel — closely matching BFG's international health distribution motion via licensed producers.
- International Medical Group (IMG): IMG underwrites and distributes international travel medical, expatriate, and global health insurance products directly and through agents — a comparable international-health MGA/carrier model overlapping with BFG's core health line.
- International Citizens Insurance: International Citizens Insurance is an international health and life insurance broker specializing in coverage for expats, digital nomads, and foreigners — directly comparable to BFG's Latin America-focused MGA model and carrier-agnostic distribution.
- VUMI Group: VUMI is both a BFG carrier partner and a direct competitor offering international health insurance plans to Latin American expatriates, travelers, and professionals — the same product category BFG distributes across its agent network.
Others
- LIBRA Insurance Partners: LIBRA is the largest US insurance broker network, of which BFG is a member; comparable as a network-level competitor/partner whose affiliate brokerages pursue similar international and specialty distribution programs.
- Specialty Program Group (SPG): Specialty Program Group is the parent aggregator platform under which BFG was unified in April 2026 alongside other agencies; comparable as a strategic parent/peer's broader platform for MGA consolidation in specialty insurance distribution.
Broad incumbents
- Allianz Care: Allianz Care is a leading global health insurer offering international coverage for expatriates and individuals — comparable as a BFG carrier partner but also a broad incumbent whose direct-to-consumer channel competes for the same international-health buyer.
- Bupa Global: Bupa Global is a major international health insurer providing expat and travel medical coverage globally — overlapping with BFG's health and disability offerings and competing for the same cross-border insurance buyer.
- Cigna Global Health: Cigna Global sells international health insurance plans to individuals and corporate expats worldwide, competing with BFG's product line at the carrier level while serving clients BFG's agents also target.
Emerging players
- SafetyWing: SafetyWing is an insurtech offering travel medical and global health plans targeted at remote workers, nomads, and startups — an emerging player attacking BFG's expat/nomad segment with a direct-to-consumer digital model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Brokers Financial Group social profiles
Digital presenceBrokers Financial Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brokers Financial Group leadership team
Management profileNumber of profiles
Profiles2 records
Brokers Financial Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brokers Financial Group 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 Brokers Financial Group
What does Brokers Financial Group do?
Brokers Financial Group is a boutique international insurance Managing General Agent (MGA) that distributes health, life, disability, travel, special risk, and savings plan insurance products through a network of independent agents across Latin America. The company partners with US and international carriers such as VUMI Group, Best Doctors Insurance, Olé Life, Transamerica, Prudential, and Lincoln Financial Group, providing Latin American agents and their clients access to international coverage solutions.
Is Brokers Financial Group a public or private company?
Brokers Financial Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Brokers Financial Group founded?
Brokers Financial Group was founded in 1988. It employs 11 to 50 people.
Where is Brokers Financial Group based?
Brokers Financial Group is headquartered in Miami, United States, in the North America region.
How does Brokers Financial Group make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are Brokers Financial Group's main competitors?
Direct peers on record are GeoBlue (Blue Cross Blue Shield), International Medical Group (IMG), International Citizens Insurance and VUMI Group. Others are LIBRA Insurance Partners and Specialty Program Group (SPG). Broad incumbents are Allianz Care, Bupa Global and Cigna Global Health. SafetyWing is listed as an emerging player.
Does Brokers Financial Group have an API?
No public API is recorded for Brokers Financial Group.
What industry is Brokers Financial Group in?
Brokers Financial Group's product category is Insurance Brokerage. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services, with a secondary code of FSAIAEAL, Individual Health Insurance Brokerage & Distribution. Its NAICS code is 5242 and its SIC code is 6411.