Grupo Aico
Grupo AICO is a Spanish insurance brokerage group based in Córdoba that operates a network of 40+ affiliated independent corredores across Andalusia, Murcia, Valencia, and Castilla-La Mancha, intermediating personal, business, and agricultural policies from 50+ carriers for approximately 72,000 clients.
- Company typePrivate
- Founded2007
- HeadquartersCórdoba, Spain
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Grupo Aico does
Grupo AICO, legally AICO MEDIACIÓN SOCIEDAD LIMITADA, is a Spanish insurance brokerage group headquartered in Córdoba that operates a network of 40+ affiliated independent corredores across Andalusia, Murcia, Valencia, and Castilla-La Mancha. The group intermediates personal, business, and agricultural insurance products on behalf of 50+ carrier partners including Allianz, AXA, Generali, Mapfre, Zurich, Caser, Pelayo, Sanitas, and Plus Ultra. As of 2023 the network serves approximately 72,000 clients and manages 80,000 policies, with 500 workers and 320 commercial collaborators contributing to distribution. The group is led by President Rafael Guerra Cárdenas and Head of Innovation and Digital Transformation Fernando Carmona.
Revenue is generated through insurance brokerage commissions earned by placing and servicing policies across the affiliated network. Pricing is quote-based and varies by carrier, line of business, and risk profile, with no public standard pricing tiers. The go-to-market combines a sales-led, channel-partner motion (independent corredores retain autonomy while accessing group purchasing, technology, training, and marketing) with self-serve digital layers.
The technology stack is proprietary and developed in-house: the 'Grupo Aico Seguros' mobile app (launched June 2018) for policy management, advisor chat, claims, and notifications; an automated ERP system providing policy/claims/receipt notifications; web-based multitarificadores for online quoting; and a proprietary portfolio defense algorithm ('Algoritmo de defensa de cartera') that optimizes renewal pricing across the carrier network. The 'Invia' strategic plan anchors the group's digital transformation. Compliance posture includes an Internal Information System built per Spanish Law 2/2023 for whistleblower protection. No external funding, parent company, or M&A activity is disclosed in the source data.
Grupo Aico firmographics
Firmographics- Name
- Grupo Aico
- Legal name
- AICO MEDIACIÓN SOCIEDAD LIMITADA
- Website
- https://grupoaico.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Grupo AICO is a Spanish insurance brokerage group based in Córdoba that operates a network of 40+ affiliated independent corredores across Andalusia, Murcia, Valencia, and Castilla-La Mancha, intermediating personal, business, and agricultural policies from 50+ carriers for approximately 72,000 clients.
- Ownership category
- akta.pro rank
Grupo Aico industry classification
Industry- 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
- Insurtech-Enabled Brokerage (Digital Brokers & Aggregators) (FSAEADAN)
Keywords
Where Grupo Aico is headquartered
LocationHeadquarters
- HQ city
- Córdoba
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
Grupo Aico business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Insurance Brokerage Commissions: Grupo Aico acts as an insurance intermediary (correduría), earning commissions from insurance companies for placing policies. The group aggregates volume from member brokerages to negotiate better terms with insurers, sharing benefits with affiliated brokers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Quote-based insurance products |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Grupo Aico product offering
Product offeringCore offering
Grupo Aico is an independent insurance brokerage that intermediates personal, business, and agricultural insurance products from 50+ insurance companies through a network of affiliated brokerages across Spain. Its core products span life, health, auto, home, funeral, savings/pension, investment, driver legal defense, multi-risk business, civil liability, self-employed, agricultural (Agroseguro), farm exploitation, and horse insurance. The brokerage is supported by a proprietary technology platform including the Grupo Aico Seguros mobile app, Virtual Office portal, automated ERP, multi-quoting tools, and a portfolio defense algorithm.
Product overview
Grupo Aico is an insurance brokerage group (correduría de seguros) operating as a network of independent brokerages across Spain. The company offers a comprehensive portfolio of insurance products organized into three main categories: Personal (Particulares) including life, health, auto, home, funeral, savings/investment, and travel insurance; Business (Empresas) including multi-risk, commercial property, self-employed, civil liability, and professional coverage; and Agricultural (Agrarios) including Agroseguro, agricultural vehicles, farm exploitation, and horse insurance. The group differentiates through proprietary technology platforms including the 'Grupo Aico Seguros' mobile app for policy management and a virtual office portal, supported by the 'Invia' strategic digital transformation plan. They work with over 50 insurance companies (including Allianz, Asisa, Axa, Caser, Fiatc, Generali, Helvetia, Liberty, Pelayo, Plus Ultra, Reale, and Zurich) to offer competitive pricing and coverage options.
Differentiator
Problem solved
Functional benefit
Brands
- Grupo Aico Seguros App: Mobile application for managing insurance policies, claims, and accessing personal advisors
Products and services
- Seguros de Vida (Life Insurance) Life insurance providing financial protection for policyholders and their families, offering coverage and guarantees for the insured and their loved ones. Available to individual consumers through the Grupo Aico broker network.
- Seguro de Salud (Health Insurance) Private health insurance covering medical expenses, hospitalizations, surgeries, and medical consultations through a network of private healthcare providers. Available to individual consumers through the Grupo Aico broker network.
- Seguro de Auto (Auto Insurance) Vehicle insurance covering damages, liability, and assistance services for automobiles. Available to individual consumers through the Grupo Aico broker network.
- Seguro del Hogar (Home Insurance) Home insurance covering damages to the dwelling, personal belongings, liability, and optional coverages like pet insurance, mobile phone protection, and temporary housing. Available to individual consumers through the Grupo Aico broker network.
- Seguro de Decesos (Funeral Insurance) Funeral expense insurance covering end-of-life services for policyholders and their families, handling all arrangements during difficult times. Available to individual consumers through the Grupo Aico broker network.
- Seguros de Ahorro y Jubilación (Savings and Retirement Insurance) Savings and pension insurance products designed for long-term financial planning and retirement preparation. Available to individual consumers through the Grupo Aico broker network.
- Inversión (Investment Insurance) Investment insurance products allowing policyholders to invest in financial markets while maintaining insurance protection. Available to individual consumers through the Grupo Aico broker network.
- Defensa Jurídica Conductor (Driver Legal Defense Insurance) Legal defense insurance for drivers covering legal representation and defense costs in traffic-related incidents. Available to individual consumers through the Grupo Aico broker network.
- Seguros Multiriesgo Empresas (Multi-Risk Business Insurance) Multi-risk business insurance bundling property, liability, and operational coverages for commercial enterprises. Available to small/medium businesses and commercial operations through the Grupo Aico broker network.
- Responsabilidad Civil (Civil Liability Insurance) Civil liability insurance protecting businesses and professionals against claims for damages caused to third parties. Available to businesses and self-employed professionals through the Grupo Aico broker network.
- Autónomos (Self-Employed Insurance) Insurance solutions specifically designed for self-employed professionals and freelancers, covering business and personal risks. Available to autónomos through the Grupo Aico broker network.
- Autoprofesionales (Self-Employed Professional Insurance) Insurance products for self-employed professionals combining personal coverage with business liability protection. Available to self-employed professionals through the Grupo Aico broker network.
- Agroseguro (Agricultural Insurance) Agricultural insurance covering crop losses, livestock mortality, and farm equipment under Spain's combined agricultural insurance system. Available to farms, ranches, and agricultural operations through the Grupo Aico broker network.
- Seguros de Explotación (Farm and Livestock Exploitation Insurance) Farm and livestock exploitation insurance covering agricultural operations, including basic guarantees for fire, vandalism, flood, wind, and hail damage. Available to farms and ranches through the Grupo Aico broker network.
- Seguros para Caballos (Horse Insurance) Horse insurance covering civil liability, mortality or humane sacrifice, theft, hospital expenses, urgent transport, legal defense, and carcass removal through partnerships with Plus Ultra and Caser. Available to equine businesses and horse owners through the Grupo Aico broker network.
- Vehículos Agrícolas (Agricultural Vehicle Insurance) Agricultural vehicle insurance covering farm machinery and tractors used in agricultural operations. Available to farms and ranches through the Grupo Aico broker network.
- App Grupo Aico Seguros (Mobile App) Mobile application for managing insurance policies, claims, and accessing personal advisors. Available on iOS and Android, allowing clients to view policies, receipts, claims, request quotes, and communicate with advisors via chat, video call, phone, or voice messages. Includes push notifications for policy changes.
Quantifiable outcome
- 72,000 clients served and 80,000 policies managed across the network
Companies that use Grupo Aico
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles4 records
Grupo Aico technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Grupo Aico partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered minor and major.
- EurotransportcarminorLogistics technology company and insurance client of Grupo Aico. Founded in 2015, specializes in vehicle logistics digitalization.
- AllianzmajorMajor insurance company partner providing personal and commercial insurance products through the Grupo Aico network.
- ASISAmajorHealth insurance specialist partner offering health coverage products through the network.
- AXAmajorGlobal insurance company providing personal and commercial insurance products.
- CasermajorInsurance company partner including specific horse insurance products and general insurance offerings.
- GeneralimajorMajor international insurer providing agricultural and commercial insurance products.
- MapfremajorSpanish insurance market leader participating in Grupo Aico congresses and offering agricultural insurance products.
- Plus UltramajorInsurance company partner including specific horse insurance products and agricultural coverage.
- RealemajorInsurance company partner participating in industry events and providing personal insurance products.
- ZurichmajorGlobal insurance company providing personal and commercial coverage through the network.
- SanitasmajorHealth insurance specialist partner offering the Sanitas Único product for seniors (60+) through Grupo Aico.
- PelayomajorMutual insurance company offering automobile and home insurance products.
- AgroPelayominorAgricultural insurance specialist partner participating in agricultural fairs with Grupo Aico.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Grupo Aico competitors and assessment
Company assessmentBroad incumbents
- Lockton Spain: Independent global insurance broker with growing Spanish presence serving commercial and specialty lines. Comparable distribution model focused on advisor-led brokerage rather than direct-to-consumer.
- SegurCaixa Adeslas: Spain's largest health and personal lines insurer, distributed heavily through bancassurance (CaixaBank). Represents the dominant competing distribution channel for personal and health insurance in Spain.
- Mutua Madrileña: Major Spanish mutual insurer with direct distribution in auto, home, life, and health. Competes with Grupo Aico for individual consumer wallet share through direct-to-consumer channels rather than brokerage.
- Aon Spain: Global insurance and reinsurance broker with significant Spanish operations spanning retail, commercial, and specialty lines. Competes with Grupo Aico for commercial clients while offering broader risk consulting capabilities.
- Willis Towers Watson (WTW) Spain: International insurance brokerage and advisory firm with Spanish operations focused on commercial and corporate accounts. Comparable as a competing intermediation channel for Spanish SMEs and large enterprises.
- Marsh Spain: Global insurance broker and risk advisor operating in Spain with a large commercial and corporate client book. Overlaps with Grupo Aico's Empresas segment and benefits from global carrier relationships.
Emerging players
- CoverWallet (an Aon company): Digital-first insurance broker for small businesses. While not Spain-specific, it represents the insurtech-enabled brokerage model that Grupo Aico is moving toward via its mobile app and multitarificadores.
Direct peers
- Howden Iberia (formerly IMA): Spain-focused insurance broker network with a similar multi-affiliate corredores model and broad carrier portfolio, serving personal, commercial, and specialty lines. Directly comparable to Grupo Aico in business model and target customer segments.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Grupo Aico social profiles
Digital presenceGrupo Aico financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grupo Aico leadership team
Management profileNumber of profiles
Profiles2 records
Grupo Aico subsidiaries and ownership
Company hierarchySubsidiaries36 records
Grupo Aico funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grupo Aico 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 Grupo Aico
What does Grupo Aico do?
Grupo Aico is an independent insurance brokerage that intermediates personal, business, and agricultural insurance products from 50+ insurance companies through a network of affiliated brokerages across Spain. Its core products span life, health, auto, home, funeral, savings/pension, investment, driver legal defense, multi-risk business, civil liability, self-employed, agricultural (Agroseguro), farm exploitation, and horse insurance. The brokerage is supported by a proprietary technology platform including the Grupo Aico Seguros mobile app, Virtual Office portal, automated ERP, multi-quoting tools, and a portfolio defense algorithm.
Is Grupo Aico a public or private company?
Grupo Aico is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Grupo Aico founded?
Grupo Aico was founded in 2007. It employs 101 to 250 people.
Where is Grupo Aico based?
Grupo Aico is headquartered in Córdoba, Spain, in the Europe region.
How does Grupo Aico make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are Grupo Aico's main competitors?
Broad incumbents on record are Lockton Spain, SegurCaixa Adeslas, Mutua Madrileña, Aon Spain, Willis Towers Watson (WTW) Spain and Marsh Spain. CoverWallet (an Aon company) is listed as an emerging player. Howden Iberia (formerly IMA) is listed as a direct peer.
Does Grupo Aico have an API?
No public API is recorded for Grupo Aico.
What industry is Grupo Aico in?
Grupo Aico's product category is Insurance Brokerage. Its primary akta.pro industry code is FSAEADAN, Insurtech-Enabled Brokerage (Digital Brokers & Aggregators). Its NAICS code is 5242 and its SIC code is 6411.