Groupe SMA

What Groupe SMA does

Groupe SMA is a French mutual insurance group, founded in 1859 and headquartered in Paris, operating under the principal commercial brand SMABTP. The group is structured as a société de groupe d'assurance mutuelle and is owned by its members/policyholders rather than external shareholders. Groupe SMA specializes in insurance products and services for the construction (BTP) and real estate sectors in France, supplemented by adjacent coverage for individuals.

The group's core offering is mandatory construction-sector liability insurance, particularly the décennale (10-year decennial liability), dommages-ouvrage structural-damage cover, and a portfolio of professional risks, multi-vehicle fleet, premises, equipment, and key-person cover for building firms and artisans. The product suite extends into santé/prévoyance for BTP professionals and employees (incl. convention obligations and Madelin contracts for the self-employed), and life insurance and individual retirement savings (assurance vie, PER). Distribution combines direct online quote tools, the SMA Courtage and SMABTP Courtage vie broker channels, a field advisory network for enterprise clients, and wholly-owned regional subsidiaries in Côte d'Ivoire and Belgium. A core differentiator is the Foundation EXCELLENCE SMA research partnership with AQC, which produces proprietary building-pathology fact sheets and prevention materials.

The business model is built on subscription/recurring premium revenue across P&C, health/provident and life/savings lines, with pricing customized by professional activity, business size and coverage scope; standard products support online self-quote, while complex professional risks are broker- or advisor-led. Underlying technology is described as an insurance technology platform supporting online quote generation and a digital client portal for policy management — there is no disclosed AI/ML, API, SDK, or patent footprint in the data. The group positions itself as the reference insurer for construction and real estate in France, a designation reinforced by 165+ years of operating history and domain-specific underwriting expertise.

Name

Groupe SMA

Legal name

Groupe SMA

Website

https://groupe-sma.fr

Company type

Private

Founded year

1859

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Groupe SMA, operating as SMABTP, is a French mutual insurance group (founded 1859) providing mandatory décennale liability, property-casualty, health/provident, and life-savings products to construction and real estate professionals and individuals, with subsidiaries in Côte d'Ivoire and Belgium.

Ownership category

akta.pro rank

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property & Casualty Insurance: Core insurance products including décennale (10-year liability), dommages-ouvrage (structural damage), auto, habitation, and professional risks insurance.
2. Health & Provident Insurance: Complémentaire santé (supplementary health), prévoyance (employee benefit/insurance), and convention obligations for BTP professionals.
3. Life Insurance & Savings: Assurance vie products for savings and retirement (PER, épargne retraite) with structured investment opportunities.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Groupe SMA is a mutual insurance group operating under the SMABTP brand that underwrites insurance and savings products for the French construction and real-estate sector. Its core offering centers on mandatory decennial liability insurance (assurance décennale) for BTP professionals, complemented by dommages-ouvrage structural damage cover, professional liability products such as GLOBAL ARCHITECTE, property and casualty lines for businesses and individuals (auto, habitation, scolaire), health and provident solutions (complémentaire santé, prévoyance BTP, Contrat Madelin), life insurance and retirement savings (assurance vie, PER Individuel), key-person and fleet cover, and bonds and guarantees for BTP companies.

Product overview

Groupe SMA (operating as SMABTP) is a French insurance company specializing in construction and real estate sectors, offering a comprehensive portfolio of insurance products through both direct and broker distribution channels. The core offering centers on mandatory decennial liability insurance (assurance décennale) for construction professionals including artisans, contractors, and building companies. The product suite includes property and casualty insurance (auto, habitation, business premises), health and provident fund solutions (complémentaire santé, prévoyance), life insurance and retirement savings products (assurance vie, PER), professional liability coverage (GLOBAL ARCHITECTE for architects, various métier-specific covers), and financial guarantees (cautions and bonds for BTP companies). Distribution is handled through the main brand, SMA Courtage (broker channel), and SMABTP Courtage vie (life insurance broker channel), with online quote services available for decennial insurance and health coverage.

Differentiator

Problem solved

Functional benefit

Products and services

• Assurance décennale BTP [Decennial liability insurance for BTP professionals] / Assurance décennale des artisans et entrepreneurs du bâtiment [Decennial insurance for building tradespeople and contractors] / Assurance décennale des professionnels du BTP [Decennial insurance for BTP construction professionals] (consolidated) Consolidated entry for SMABTP's decennial liability insurance covering structural defects and damages for up to 10 years after construction completion. Mandatory for French construction professionals including artisans, tradespeople, contractors, entrepreneurs and building companies; available via online quote generation and advisor-supported sales.
• Assurance dommages-ouvrage [Building damage insurance for professional project owners] / Assurance Entreprise du Bâtiment [Comprehensive building-company business insurance] (combined package) Structural damage insurance for professional project owners covering pre-financing of repairs for structural defects before liability is determined, packaged with comprehensive business insurance for building companies covering premises, equipment, liability and operational risks.
• Complémentaire santé BTP / Mutuelle santé BTP [BTP supplementary health insurance] / Contrat Madelin [Madelin-law social protection contract for self-employed professionals] (consolidated) Supplementary health insurance designed for construction professionals and self-employed workers, providing extended medical coverage and complying with BTP convention obligations; available via online quote flow. The Contrat Madelin adds Madelin-law social protection coverage for self-employed professionals.
• Prévoyance BTP [BTP provident cover] / Assurance Homme-clé [Key person insurance] (consolidated) Provident fund solutions for construction professionals covering death, disability and incapacity risks, combined with key-person insurance protecting business continuity when essential employees or executives are lost.
• GLOBAL ARCHITECTE [Comprehensive architects' professional liability insurance] (new dedicated offering) Comprehensive professional liability insurance specifically designed for architects, offering flexible and tailored coverage of professional risks associated with architectural and design practice. Launched July 2026.
• Assurance Auto des Particuliers [Personal auto insurance] / Assurance Habitation [Home insurance] / Assurance Scolaire [School insurance] (consolidated personal P&C) Personal lines for individual policyholders and families: auto liability and damage cover, home cover protecting residence and belongings, and school insurance covering children during all school activities, outings and school-home commute.
• Assurance Flotte [Multi-vehicle fleet insurance] / Garanties et cautions pour entreprises de BTP [Bonds and guarantees for BTP companies] (consolidated business P&C) Business insurance lines combining multi-vehicle fleet coverage under a single policy with bond and guarantee products (performance bonds and financial guarantees) required by construction companies for public contracts.
• Assurance vie [Life insurance] / Plan d'Épargne Retraite (PER) Individuel [Individual retirement savings plan] / UC Structurées (Fonds en unités de compte) [Structured unit-linked investment vehicles] (consolidated savings and retirement) Life insurance, individual retirement savings plan (PER) and structured unit-linked investment vehicles enabling individuals to build savings at their own pace, prepare for retirement with tax advantages, and access investment opportunities across risk profiles, available within savings contracts.
• SMA Courtage [SMA brokerage] / SMABTP Courtage vie [SMABTP life-insurance brokerage] (consolidated distribution services) Brokerage and intermediation distribution services offered by SMA Courtage (professional insurance for the BTP sector) and SMABTP Courtage vie (life insurance and savings products distributed via brokers), serving as intermediary sales channels within the Groupe SMA network.

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core, regional and minor.

• GALIAN-SMABTPcoreChannel Partner/ Reseller/ DistributorSubsidiary company operating as insurance broker/distributor under SMABTP brand, part of the Groupe SMA network.
• SMABTP Côte d'Ivoire SAregionalChannel Partner/ Reseller/ DistributorSubsidiary operating in Côte d'Ivoire (West Africa) providing insurance products under SMABTP brand for local construction and real estate market.
• SMA BelgiumregionalChannel Partner/ Reseller/ DistributorSubsidiary operating in Belgium providing insurance products under SMABTP brand for European market.
• ASEFAminorChannel Partner/ Reseller/ DistributorPartner network company within the Groupe SMA ecosystem offering insurance products.
• VICTORIAminorChannel Partner/ Reseller/ DistributorPartner network company within the Groupe SMA ecosystem offering insurance products.
• DUPIminorChannel Partner/ Reseller/ DistributorPartner network company within the Groupe SMA ecosystem offering insurance products.
• AQC-Fondation EXCELLENCE SMAcoreStrategic or Co-development PartnerResearch partnership on building pathology providing scientific expertise and prevention resources. Foundation EXCELLENCE SMA produces pathology fact sheets for construction defects and prevention in collaboration with AQC (Agence Qualité Construction).
• Mon assurance BTPminorChannel Partner/ Reseller/ DistributorDigital platform partner for BTP insurance products under SMABTP brand.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Crédit Agricole Assurances: Insurance arm of Crédit Agricole, one of the largest bancassurers in France. Competes across P&C, life and health distribution via a large banking network, and offers savings products comparable to SMA's assurance vie and PER.
• CNP Assurances: Leading French life and personal-insurance insurer historically tied to La Poste and Caisse d'Épargne networks. Overlaps with SMA's life, savings and retirement (PER) products and is a major competitor for individual savings flows.
• Generali France: French subsidiary of Italian global insurer Generali, providing P&C, life, health and wealth products. Overlaps with SMA in personal and commercial P&C, life/savings and health, but operates at significantly greater scale and breadth.
• Allianz France: French arm of Allianz SE, one of the world's largest P&C and life insurers. Sells auto, habitation, health, life and commercial lines to French individuals and businesses, including professional liability and construction-related products.
• AXA France: The French arm of one of Europe's largest P&C and life insurers. AXA France competes with Groupe SMA across health, life, auto, habitation and increasingly BTP and décennale distribution, but operates at much greater scale across all French retail and commercial lines.

Others

• Société Générale Assurances: Insurance arm of Société Générale, distributing life, savings, health and P&C products through the bank's network. Overlaps with SMA's life/savings and health lines rather than construction-specific P&C.
• BNP Paribas Cardif: Insurance arm of BNP Paribas, focused on savings, protection and health products distributed through banking partners. Comparable to SMA in life/savings and protection offerings rather than BTP-specific P&C.

Direct peers

• Macif: Major French mutual insurance group covering property, health, life and savings for individuals and small businesses. Similar mutual ownership model to Groupe SMA, with overlapping personal-lines product suite (auto, habitation, santé, prévoyance, épargne).
• Covéa (MAAF, GMF, MMA): Leading French mutual insurance group combining MAAF, GMF and MMA with strong P&C, auto and habitation franchises. Like Groupe SMA, Covéa is a mutual and competes for the same SMB and individual French households across auto, habitation and increasingly health and savings.
• Matmut: French mutual insurer with deep roots in auto, habitation and personal injury protection, and growing presence in health and savings. Directly comparable to SMA as a French mutual serving individuals and professionals with multi-line P&C and life offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/groupesma
• LinkedInlinkedin.com/company/groupe-sma

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Groupe SMA