Correduría de Seguros de Madrid

What Correduría de Seguros de Madrid does

Correduría de Seguros de Madrid S.L. (CSM) is a privately held insurance brokerage and advisory firm registered in Spain under DGS registration number J-148 and headquartered in the Madrid region (Coslada). Founded in 1988, the firm operates with a small professional team (11-50 employees) and provides personalized insurance intermediation services rather than underwriting its own products. Its core function is to act as an independent broker (correduría) comparing and placing coverage from multiple Spanish insurers on behalf of clients.

CSM distributes seven core insurance lines: Civil Liability (Responsabilidad Civil), Directors and Officers Liability, Home (Hogar), SME (Pymes), Accident Protection, Communities (Comunidades), and Commerce (Comercio). The firm targets a horizontal mix of individual homeowners, SMEs, residential communities, and commercial establishments within the Madrid region. Its technology footprint is modest, consisting of a responsive corporate website, a content/blog platform, and standard social media channels (LinkedIn, Facebook, Twitter). The firm holds ISO 9001 quality certification, displayed publicly as a trust signal, and participates in national broker industry events such as the XI Congreso Nacional de Agentes y Corredores de Seguros.

CSM's revenue model is commission-based: insurance carriers pay the brokerage for policy placement and ongoing servicing. The go-to-market is sales-led and relationship-driven, emphasizing renewal management and claims advocacy as differentiators against online price-comparison aggregators. Distribution is exclusively domestic (single-country, Madrid-focused) through direct office, phone (915 560 975), and email ([email protected]) channels. Pricing is not publicly disclosed and varies by policy type, coverage, and risk profile. The company shows no evidence of AI/ML capabilities, external funding, M&A activity, or geographic expansion in the available data.

Name

Correduría de Seguros de Madrid

Legal name

Correduría de Seguros de Madrid S.L.

Website

https://csmcorreduria.es

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Correduría de Seguros de Madrid is a Spanish insurance brokerage (correduría) serving individuals, SMEs, communities, and commercial clients in the Madrid region across seven product lines, earning revenue via carrier commissions.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industry

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

Keywords

• Insurance brokerage services
• Civil liability insurance
• Home insurance advisory
• SME commercial insurance
• Directors and officers liability

Headquarters

HQ city

Coslada

HQ country

Spain

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

Revenue model

1. Insurance Brokerage Commissions: As an insurance brokerage (correduria de seguros), CSM generates revenue through commissions paid by insurance companies for placing and maintaining insurance policies with their clients. This is the standard revenue model for insurance brokers in Spain.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

CSM is an insurance brokerage (correduría de seguros) that places and manages insurance policies on behalf of clients by intermediating between multiple insurance carriers and end customers. Its portfolio spans Civil Liability, D&O Liability, Home, SME, Personal Accident, Community, and Commercial insurance, delivered with personalized advisory, policy renewal management, and claims handling support.

Product overview

CSM - Correduría de Seguros de Madrid S.L. is a Spanish insurance brokerage firm offering a portfolio of seven core insurance products: Responsabilidad Civil (Civil Liability), Responsabilidad Civil de Gerentes y Directivos (D&O Liability), Hogar (Home Insurance), Pymes (SME Insurance), Protección Accidentes (Accident Protection), Comunidades (Community Insurance), and Comercio (Commercial Insurance). The firm operates as a traditional insurance intermediary providing professional and personalized advisory services, helping clients select and manage insurance coverage across multiple risk categories.

Differentiator

Problem solved

Functional benefit

Products and services

• Responsabilidad Civil (Civil Liability) Civil liability insurance coverage protecting businesses against third-party claims for damages caused in the course of their operations. Brokered for CSM's individual and SME clients.
• Responsabilidad Civil de Gerentes y Directivos (D&O Liability) Directors and Officers liability insurance providing coverage for executives and managers against claims arising from decisions made in their professional capacity. Brokered for SME leaders and managers.
• Hogar (Home Insurance) Home insurance coverage protecting homeowners and renters against damages to their residence, personal belongings, and liability issues within the property.
• Pymes (SME Insurance) Insurance solutions tailored for small and medium-sized enterprises, typically combining multiple coverage types including property, liability, and business interruption.
• Protección Accidentes (Personal Accident Insurance) Accident protection insurance providing financial compensation for injuries, disability, or death resulting from accidents, regardless of fault.
• Comunidades (Community Insurance) Insurance coverage for residential buildings and homeowner associations, protecting common areas, shared infrastructure, and collective liability.
• Comercio (Commercial Insurance) Commercial insurance coverage designed for retail businesses and trading establishments, protecting premises, inventory, and business operations.

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• SegurCaixa Adeslas: SegurCaixa Adeslas is a major Spanish insurance carrier and distributor with a large agent/broker network distributing Home, Communities, and SME products. While primarily a carrier, it competes for the same end-customers as CSM through tied and multi-tied distribution.
• Willis Towers Watson Spain: WTW operates a Madrid-based insurance brokerage serving corporate and SME clients across commercial P&C, liability, and specialty lines. It is a comparable incumbent in the same Spanish risk advisory and brokerage market as CSM.
• Mapfre: Mapfre is Spain's largest insurance group and a dominant player in Home, Communities, Commerce, and SME products, distributed in part through brokers and agents. It is a key carrier in CSM's distribution chain and a broad market incumbent in CSM's product categories.
• Marsh Spain: Marsh is a global insurance broker and risk advisor with a Madrid office serving large corporate and SME clients. It competes with CSM for mid-market and specialty (D&O, civil liability) mandates in Spain, though at significantly larger scale and broader capability set.
• Zurich Seguros Spain: Zurich Seguros is a major international insurance carrier with a significant Spanish brokerage and agency network distributing Home, SME, and specialty products. It is both a potential carrier partner and a competitive incumbent in the same product categories as CSM.
• Aon Spain: Aon Spain is a global insurance brokerage and advisory firm headquartered in Madrid offering commercial and specialty lines including D&O and professional indemnity. It overlaps with CSM's product portfolio but serves larger enterprise clients with broader risk advisory services.
• Grupo Catalana Occidente: Grupo Catalana Occidente is one of Spain's largest insurance groups with a major brokerage arm (including Plus Ultra Seguros and Catalana Occidente brokerage networks). It operates in the same Spanish commercial and personal lines that CSM distributes, but at national scale.

Direct peers

• Howden Iberia: Howden Iberia is a Madrid-headquartered insurance brokerage (correduría) operating in the same Spanish market with multi-line P&C, specialty, and SME offerings. It is the closest scale-comparable direct competitor to CSM, both serving Spanish SMEs and individuals via a personalized advisory model.
• Correduría de Seguros Apromes: Apromes is a Spanish association/cluster of small-to-mid insurance brokerages operating across multiple regions with multi-line P&C offerings. It is highly comparable to CSM in size, product scope, and target customer base within the Spanish brokerage market.

Emerging players

• Wecover: Wecover is a Spanish insurtech broker offering digital brokerage across commercial and specialty lines. It targets the same SME segment as CSM but uses a tech-led distribution model, representing the digital-native competitive threat to traditional corredurías like CSM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/csmcorreduria
• Facebookfacebook.com/csmcorreduria
• LinkedInlinkedin.com/company/10638588

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Correduría de Seguros de Madrid