Groupe SATEC

What Groupe SATEC does

Groupe SATEC is a French insurance brokerage firm founded in 1965 and headquartered in Levallois-Perret, operating as a SAS with AXA France IARD as a strategic shareholder holding more than 10% of capital. The group employs approximately 400 people across six regional offices (Levallois-Perret, Lyon, Allonzier-la-Caille, Châlons-en-Champagne, Éguilles, Olivet) and ranks as the 10th largest generalist insurance broker in France, with 15,000 enterprise clients and 100,000 individual clients generating €70M of turnover and €450M of placed premium volumes.

Satec distributes property & casualty (IARD) and employee-benefits coverage through a multi-channel model: direct enterprise field sales via dedicated chargés de clientèle, white-label programs for banking networks, affinity programs for large enterprises and employee committees (e.g., CCAS for energy-sector beneficiaries, Porsche Assurance Classic for collection vehicles), and a direct-to-consumer channel for retail clients including a private-client division for high-net-worth insureds. Sector-specific business units cover construction, real estate, financial institutions, regulated professions, medical & life sciences, hospitality, IT/ESN, transport, industry, cleaning, public procurement, and nautical. Internationally, Satec places programs for French multinationals and assists foreign companies entering France through its membership in UnisonSteadfast® (200+ broker partners, 140 countries).

The technology layer is a set of proprietary digital extranets — Smart (corporate contract/claims management), DO Syndic (Dommage-Ouvrage subscription and site tracking), GLI (unpaid-rent guarantee portfolio management), Espace Client (retail portal), Espace Partenaire (broker-agent portal), and Espace CCAS — that automate certificate issuance, premium payment, claim declaration, and reporting 24/7. Revenue is generated primarily through commissions on placed insurance premiums (≈15–16% blended rate on €450M premium volume), supplemented by fees from white-label and affinity managed-service arrangements. Recent strategic moves include the 2021 acquisition of ARCANCE (≈€45M revenue, ~360 collaborators) and the January 2025 acquisition of Audit & RiskSolutions to deepen financial-institution expertise.

Name

Groupe SATEC

Legal name

Groupe SATEC

Website

https://satecassur.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

251–500 employees

Short description

Groupe SATEC is a French insurance broker (founded 1965, 400 staff, €70M turnover) placing P&C and employee-benefits coverage for 15,000 enterprise and 100,000 retail clients through direct, white-label and affinity channels.

Ownership category

akta.pro rank

Product category

Insurance Brokerage Services

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

Keywords

• Insurance brokerage services
• Commercial insurance broker
• Employee benefits consulting
• Construction insurance solutions
• International insurance programs

Headquarters

HQ city

Levallois-perret

HQ country

France

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: Satec earns commissions from insurance companies (assureurs) for placing and renewing insurance policies. Commission rates are typically a percentage of the written premiums. Premium incomes total €450M, generating turnover of €70M, indicating a commission rate of approximately 15-16%. Revenue is recurring in nature as premiums renew annually across a large client base of 15,000 enterprise clients and 100,000 individual clients.
2. White-Label & Affinity Partnership Revenue: Satec designs, manages, and animates white-label and affinity insurance programs for banks, automotive manufacturers, large enterprises, and employee committees. Revenue is generated through the distribution of insurance products under partner brands, with Satec handling product definition, distribution, policy management, and claims settlement for a fee or commission structure.
3. Employee Benefits / Protection Sociale: Satec places group health insurance, provident/fatality insurance, and savings/retirement plans (épargne salariale & retraite) for corporate clients. Revenue is generated through commissions on group insurance premiums for supplementary health, prévoyance, and employee savings products.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Groupe SATEC is a French insurance broker that designs, places, and manages insurance programs for medium and large enterprises across property & casualty (IARD) and employee benefits (health, prévoyance, savings, retirement). It also develops white-label and affinity insurance programs for banks, automotive manufacturers, employee committees, and affinity groups, and serves individual retail clients and high-net-worth private clients (Clientèle Privée) with motor, home, art, and pleasure craft coverage. Digital extranet tools (Smart, DO Syndic, GLI, Espace Client, Espace Partenaire) support policy management, claims, and partner operations across this multi-channel offering.

Product overview

Groupe SATEC is a French insurance broker offering a comprehensive digital platform comprising multiple extranet and portal products. The core offerings include Smart Extranet (Satec Management And Reporting Tool) for corporate clients to manage contracts and claims, DO Syndic Extranet for construction insurance subscription management, and GLI Extranet for unpaid rent guarantee portfolio management. Additional portals include SATEC Espace Client for individual beneficiaries and Espace Partenaire for broker partners. These digital tools are complemented by a full range of insurance products spanning property damage, liability, motor fleets, construction insurance, employee benefits, and international insurance solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Smart Extranet (Satec Management And Reporting Tool)

Quantifiable outcome

• Handles €450M in premium volumes for 15,000 enterprise clients and 100,000 individual clients
• +2 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Audit & RiskSolutions (A&RS)coreStrategic or Co-development Partner · 1 January 2025Satec completed the acquisition of Audit & RiskSolutions (A&RS), expanding its areas of expertise. A&RS founder Aurélien Le Bail joined Satec as Director of Financial Institutions in 2025. This acquisition strengthens Satec's expertise in financial institution insurance.
• Change Please FranceminorOthers · 1 September 2024Social impact partnership where Change Please France provides barista services at Satec's Levallois-Perret headquarters. Change Please France's mission is to integrate people distant from employment by training them as baristas. This partnership is part of Satec's RSE (CSR) policy and reflects its commitment to equality of opportunity.
• Assurances Maritimes de LASSÉEcoreStrategic or Co-development Partner · 1 September 2023Satec and Assurances Maritimes de LASSÉE signed a strategic partnership and consolidated their pleasure craft insurance (Assurance Plaisance) portfolios within the Lassée brokerage. Both parties are specialist pleasure craft insurance brokers. This alliance positions the combined entity as the #1 insurance intermediary in pleasure craft insurance in France.
• ARCANCE (Courtage Lyonnais)coreStrategic or Co-development Partner · 1 August 2021ARCANCE, a brokerage founded in 2000 specializing in business risks (Transport, Industry, Real Estate Professionals), joined Satec Rhône-Alpes in August 2021. ARCANCE brought approximately 45 M€ in revenue and 360 collaborators to the regional entity, strengthening Satec Rhône-Alpes's position in business risk insurance.
• Fédération Française de Ski Nautique & de Wakeboard (FFSNW)minorGTM or Marketing Partner · 1 January 2016Satec, as a specialist in pleasure craft and nautical insurance for both individuals and professionals, signed a partnership with the FFSNW at the Paris Boat Show. The partnership provides insurance solutions tailored to the activities of federation members.
• UnisonSteadfast® (formerly unisonBrokers®)coreChannel Partner/ Reseller/ DistributorSatec is a member of UnisonSteadfast®, described as the 1st European network of independent insurance brokers and the 3rd largest brokerage network globally. The network comprises 200+ partner brokers covering 140 countries. Through this partnership, Satec selects the most reliable and committed local partners worldwide and benefits from an efficient international insurance program operating platform. This enables Satec to place coverage for French multinationals abroad and assist foreign companies entering France.
• Porsche Financial Services France / HiscoxcoreGTM or Marketing PartnerSatec collaborated with Porsche Financial Services France and insurer Hiscox to launch Porsche Assurance Classic, a white-label insurance program for Porsche collection/classic vehicles in France. Satec contributes its art and private client insurance expertise. Julie Hugues of Hiscox described it as a close collaboration producing an emblematic offering for passionate collectors.
• Avanty AvocatsminorStrategic or Co-development PartnerSatec partnered with Avanty Avocats to co-host a November 2021 webinar on employee benefits (santé, prévoyance) topics, covering the latest regulatory and legal developments in collective insurance for French companies.
• RejouéminorOthersSatec partnered with Rejoué, an association that collects and refurbishes toys to give them a second life while providing social integration employment support. Satec employees donated toys across all sites, collecting 94 kg of toys in the initiative.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Howden France: French arm of Howden Group, an independent international broker. Comparable to SATEC in mid-market and specialty enterprise brokerage, employee benefits, and use of an international broker network for cross-border placements.
• Diot-Siaci: One of the largest French insurance brokerage groups, formed via the merger of Diot and Siaci Saint Honoré. Closest direct competitor to SATEC in France, offering multi-line P&C and employee benefits brokerage across mid-market and large enterprise, with similar bancassurance and affinity distribution capabilities.
• Verlingue: French generalist insurance broker (part of the Adelaïde Group) competing head-to-head with SATEC in the mid-market and SME segments, with comparable white-label, affinity, and employee-benefits distribution. Direct peer on size, segment focus, and product breadth.
• Verspieren: Independent French insurance broker with strong mid-market and large-account presence across P&C, employee benefits, and affinity distribution. Direct peer on French generalist brokerage positioning and bancassurance/affinity partnerships.
• Bessé Groupe: Independent French insurance broker specialized in large enterprise risks (P&C, construction, liability, employee benefits) with sector expertise in industry, energy, and real estate. Direct peer on enterprise mid-market and large-account segments, multi-specialist organization, and French-only direct footprint.
• April Group: French-headquartered insurance broker (listed on Euronext) offering P&C, health/prévoyance, and affinity/partner-distribution products. Direct peer on French brokerage footprint, employee benefits practice, and bancassurance/partnership channels, with overlapping senior leadership alumni to SATEC.

Broad incumbents

• Marsh France: French subsidiary of Marsh McLennan, the world's largest insurance broker. A broad incumbent overlapping with SATEC in large enterprise P&C, employee benefits, and risk advisory, with materially greater scale and global carrier relationships.
• Willis Towers Watson (WTW) France: French subsidiary of global advisory and brokerage firm WTW, active in risk management, insurance brokerage, and employee benefits. Competes with SATEC in large-enterprise risk placement and international programs.
• Aon France: French operations of global broker Aon plc, serving large enterprise and mid-market clients with risk, reinsurance, health, and wealth solutions. Broad incumbent that competes with SATEC for large French accounts and international programs.

Emerging players

• Albright International: Smaller specialized broker in the French market with overlap on private client and luxury asset insurance (art, high-value collections) — an area where SATEC serves Utopik Collection and Porsche classic vehicles via Hiscox. Comparable on niche specialty distribution rather than scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/groupe-satec
• Xx.com/groupesatec

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 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 Groupe SATEC