Compagnia Italiana Brokers di Assicurazione

What Compagnia Italiana Brokers di Assicurazione does

Compagnia Italiana Brokers di Assicurazione SpA (Ciba Brokers) is an Italian insurance brokerage firm founded in 2007 and headquartered in Bologna, operating as the dedicated insurance brokerage arm of the Confcooperative cooperative system. The company serves over 3,000 clients with a portfolio of approximately 10,000 insurance policies, specializing in commercial credits, renewable energies, agribusiness, social cooperation, surety bonds, and international programs. Ciba operates through a network of 9 offices across Italy (Bologna, Ancona, Florence, Forlì, Padova, Piacenza, Rimini, Roma) plus San Marino, regulated by IVASS (R.U.I. B000099633) and BCSM (BR0005). The business model is commission-based: Ciba earns fees from insurance carriers (notably Gruppo Assimoco as the historical partner of the Italian cooperative movement, plus AIG Europe and others) for placing and servicing policies, with administered premiums of EUR 36M and commissions of EUR 4.8M in 2024, translating to a value of production of EUR 5.27M.

The company's product portfolio spans the full commercial insurance spectrum: cyber risk, D&O and DPO professional liability, catastrophic event coverage, business interruption, travel insurance, succession insurance, and life/serious-disability programs. Service delivery is relationship-driven and consulting-led rather than technology-platform-based — there is no disclosed proprietary technology, no APIs, and no AI/ML capabilities. Distribution relies on direct field sales teams operating from regional offices, supplemented by referral channels through the Confcooperative network (17,400 member enterprises, 527,000 employees, EUR 81B turnover) and partnerships with Fondosviluppo, Confartigianato, B.MORE, and Cooperazione Salute.

FY2025 results confirmed by the June 2026 shareholder assembly showed revenue growth of 9.7%, continuing a multi-year pattern of mid- to high-single-digit organic growth. The company has expanded through a combination of organic office openings (Florence 2024, Padova 2025) and tuck-in M&A (AllBroker merger 2019, Moschini & Partners acquisition February 2025). Ownership remains within the Confcooperative system, with no external private equity or venture capital investment indicated. Customer outcomes validate the claims-handling capability: 92% of clients held catastrophic event coverage during the 2023 Romagna floods, enabling over EUR 115M in liquidations, with zero complaints recorded in 2025 across the 10,000-policy book.

Name

Compagnia Italiana Brokers di Assicurazione

Legal name

Compagnia Italiana Brokers di Assicurazione Spa

Website

https://cibabrokers.it

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

51–100 employees

Short description

Ciba Brokers is an Italian insurance brokerage serving over 3,000 cooperative and enterprise clients with approximately 10,000 policies across 9 regional offices. Operating as the insurance arm of Confcooperative, it specializes in commercial credits, renewable energies, agribusiness, and social cooperation.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industries

Trade Credit Insurance Brokerage (FSAEADAL), Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Insurance brokerage services
• Commercial insurance advisory
• Risk management consulting
• Cooperative insurance solutions
• Enterprise insurance brokerage

Headquarters

HQ city

Bologna

HQ country

Italy

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Commissions: Ciba Brokers earns commissions from insurance companies for placing policies. The company reported commissions from insurance companies of 4.8 million euros in 2024 (+12.8% YoY).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Ciba Brokers is an Italian insurance brokerage that advises enterprises and cooperatives on risk exposure and arranges tailored insurance coverage with insurance carriers. It places commercial and specialty lines—including sureties and bonds, cyber risk, D&O, DPO professional liability, catastrophic risk, business interruption, travel, and HR-related protections—and supports clients through risk assessment, policy structuring, and claims management. Its client base spans Italian cooperatives, SMEs, and large enterprises, with deep specialization in commercial credits, renewable energies, agri-food, social cooperation, Law 210, and international programs.

Product overview

Ciba Brokers (Compagnia Italiana Brokers di Assicurazione) operates as an insurance brokerage firm within the Confcooperative system, providing intermediary and advisory services rather than a technology platform. The company connects enterprises with insurance companies to identify tailored risk coverage solutions. Its service portfolio spans specialized areas including commercial credits, renewable energies, social cooperation, and agri-food sectors, complemented by specific insurance products for cyber risk, travel insurance, catastrophic events, business interruption, D&O liability, and succession protection. The company also conducts risk assessment services for cooperatives in partnership with Fondosviluppo.

Differentiator

Problem solved

Functional benefit

Products and services

• Sureties and Bonds (Fideiussioni e Cauzioni) Brokerage placement of surety bonds and guarantees for enterprises and cooperatives, addressing contractual and statutory bonding requirements.
• Cyber Risk Insurance Insurance coverage against cyber-related losses for enterprises and cooperatives, addressing data breach, system interruption, and cyber liability exposures.
• D&O Liability Insurance Directors' and Officers' liability coverage protecting executives and board members of client enterprises against management liability claims.
• DPO Professional Liability Insurance Professional liability coverage for Data Protection Officers, addressing GDPR-related liability and data protection errors and omissions.
• Catastrophic Risk Insurance Coverage against catastrophic events for enterprises and cooperatives; demonstrated with a 92% client coverage rate during the 2023 Romagna floods.
• Business Interruption Insurance Insurance coverage compensating enterprises for lost income and ongoing expenses following insured events that disrupt operations.
• Travel Insurance Policies Travel insurance coverage placed in partnership with Fata Assicurazioni, covering travel-related risks for individuals and corporate travelers.
• Human Resources Excellence Protection Specialized insurance product covering HR-related liabilities and risks for enterprises, addressing workforce-related exposures.
• Law 210 Insurance Programs Specialized insurance programs addressing statutory obligations under Italian Law 210, providing coverage for related liabilities and compensations.
• International Insurance Programs Multi-country insurance program placement and servicing for enterprises with cross-border operations, coordinating coverage across jurisdictions.
• Commercial Credits Insurance Advisory Advisory and brokerage services for trade credit and commercial credit insurance, protecting enterprises against receivables and counterparty default risk.
• Renewable Energies Insurance Advisory Specialized insurance advisory for renewable energy enterprises, addressing sector-specific risks such as operational interruption, equipment breakdown, and project liability.
• Agri-food and Social Cooperation Insurance Advisory Insurance brokerage and advisory for agri-food and social cooperation enterprises, addressing sector-specific risks including product liability, member liability, and operational exposures.

Quantifiable outcome

• 92% of Ciba Brokers clients had catastrophic event coverage during the 2023 Romagna floods, enabling 115+ million euros in liquidations
• +1 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core and minor.

• Gruppo AssimococoreStrategic or Co-development Partner · 12 June 2026Gruppo Assimoco (including Assimoco S.p.A. and Assimoco Vita S.p.A.) is the historical insurance partner of the Italian cooperative movement. They provide insurance products to cooperatives through Ciba Brokers' brokerage services.
• ConfcooperativecoreStrategic or Co-development Partner · 1 January 2024Confcooperative is Italy's largest cooperative confederation with 17,400 member enterprises, 527,000 employees, and 81 billion euros in turnover. Ciba Brokers is the insurance brokerage company of the Confcooperative system, providing exclusive insurance services to member cooperatives.
• Confcooperative FederAgriPescaminorStrategic or Co-development Partner · 8 May 2019National partnership with Confcooperative FederAgriPesca, which groups 3,300 cooperatives in agriculture and fisheries sectors with over 430,000 members and 29 billion euros in business volume.
• AIG EuropeminorStrategic or Co-development Partner · 2 April 2019Agreement with AIG Europe for travel insurance policies, offering comprehensive travel coverage including medical, trip cancellation, and baggage protection through AIG's web portal.
• Day Gruppo UPminorStrategic or Co-development Partner · 26 October 2018Partnership for corporate welfare services through DayWelfare platform. Day Gruppo UP generates 500 million euros in turnover with 16,000 clients and 500,000 users.
• ConfartigianatominorChannel Partner/ Reseller/ Distributor · 1 January 2015Partnership with Confartigianato provincial associations (Ravenna, Forlì, Rimini, Bologna) providing insurance services to small businesses and artisans. Started with Confartigianato Ravenna in 2015.
• BCC EmilbancaminorOthersOver 125-year history as a cooperative credit bank. Emilbanca maintains 54,000+ members and operates from origins of 19 rural and artisan banks.
• Cooperazione SaluteminorStrategic or Co-development PartnerMutual health insurance provider of Confcooperative, specializing in mutual health solutions, flexible benefits for corporate welfare.
• Assifin (Assicurazioni Finanza)minorStrategic or Co-development PartnerFinancial consulting company specializing in financial analysis and generational analysis for clients.
• Studio Legale BrogliatominorImplementation/ SI/ Consulting PartnerLaw firm specializing in insurance-related disputes and legal proceedings.
• CSai (Coordinamento Servizi Industriali)minorImplementation/ SI/ Consulting PartnerBusiness consulting company specializing in helping companies obtain necessary authorizations for their activities.
• Strategic Business ServiceminorImplementation/ SI/ Consulting PartnerConsulting firm supporting business strategy definition and management, optimizing processes for manufacturing, services, and public administration.
• FondosviluppocoreStrategic or Co-development PartnerMutual fund of Confcooperative co-funding free insurance assessments for cooperatives. Jointly with Ciba Brokers, they sponsor insurance assessment costs for member cooperatives.
• B.MOREminorStrategic or Co-development PartnerService center for healthcare and social cooperatives with over 11 million euros in turnover and 10 territorial offices, supporting organizational and regulatory compliance processes.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aon Italy: Italian arm of Aon plc, one of the two global insurance brokerage majors. Directly comparable to Ciba on commercial risk placement, employee benefits and specialty lines, with significantly greater scale and international program capability.
• Howden Italy: European-headquartered global broker expanding aggressively in Italy via acquisitions. Competes with Ciba on SME and mid-market commercial accounts, with a particular focus on specialty and energy lines — overlapping directly with Ciba's renewable-energy specialization.
• Lockton Italy: Largest privately-held global insurance broker, with growing Italian operations. Competes with Ciba on mid-market commercial accounts and specialty lines; Lockton's partnership-driven model and lack of public shareholders make it structurally similar to Ciba's cooperative-affiliated governance.
• Willis Towers Watson Italy: Italian presence of WTW, a top-three global broker. Competes with Ciba on commercial brokerage, risk advisory and reinsurance broking, and has actively targeted Italian cooperative and mutual clients — overlapping directly with Ciba's core verticals.
• Arthur J. Gallagher Italy: Italian operations of Gallagher, a top-five global broker. Competes with Ciba across commercial P&C, employee benefits and risk management for SMEs and trade associations in Italy, and represents another scale competitor with strong carrier relationships.
• Marsh Italia: Italian subsidiary of Marsh McLennan, the world's largest insurance broker. Marsh Italia competes directly with Ciba in commercial P&C, D&O, cyber and surety placements for Italian SMEs and cooperatives, and represents the primary scale competitor for any Ciba client considering a multinational program.

Regional players

• Net Insurance Brokers: Italian mid-market insurance broker focused on SMEs and corporate clients. Most directly comparable to Ciba on scale and target market in the Italian commercial brokerage segment, and a credible M&A candidate or competitor for sub-€10M Italian books.

Others

• Cooperazione Salute: Mutual health insurance provider of Confcooperative and an explicit Ciba partner. While not a direct broker competitor, it sits inside the same cooperative ecosystem and competes for the same cooperative wallet on health/welfare lines — making it a strategic adjacent rather than head-to-head peer.
• Emil Banca (BCC Emilbanca): Cooperative credit bank with 54,000+ members and a long-standing cross-referral partnership with Ciba. Operates as an ecosystem participant rather than a competitor, but increasingly Italian cooperative banks are extending into insurance distribution — making it a potential future peer.

Broad incumbents

• Gruppo Assimoco: Historical insurance carrier of the Italian cooperative movement and Ciba's anchor carrier partner. While not a broker, Assimoco occasionally bypasses brokers for direct cooperative accounts and serves as both a partner and a structural alternative to Ciba within the same ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ciba-brokers-spa

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

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 Compagnia Italiana Brokers di Assicurazione