MatErh

What MatErh does

MatErh is a Madrid-headquartered risk management consulting and insurance brokerage firm operating as a subsidiary of the Erhardt Group. The company is registered with Spain's DGSFP under broker keys J3548 (insurance) and RJ0092 (reinsurance) and is incorporated as MATERH RISK MANAGEMENT CORREDURÍA DE SEGUROS Y REASEGUROS, S.L. MatErh sells two interlocking lines of business: (1) risk and compliance consulting — including an Online Whistleblowing Channel compliant with EU Directive 2019/1937, outsourced risk management, ISO 31000-based Enterprise Risk Management systems, 360° risk mapping, criminal compliance (including a fishing-sector variant), cyber risk advisory, GDPR/personal data protection, and crisis management and business continuity planning; and (2) insurance brokerage under the Forward Thinking sub-brand, covering property, marine, employee benefits, D&O, transport, fleet, credit, surety, and cyber lines.

The firm generates revenue through professional services fees (consulting, compliance, risk outsourcing), transactional commissions on insurance placements, and recurring subscription revenue from the whistleblowing channel. Go-to-market is enterprise field sales with heavy reliance on industry events (CONXEMAR for maritime/seafood, BIME-Bogotá for music/entertainment, Diario de Ibiza cybersecurity panel). The company serves four primary verticals — maritime/seafood, logistics and transportation, tourism/hospitality, and entertainment/events — with headquarters in Madrid and seven regional offices across Spain (Bilbao, Pamplona, San Sebastián, Logroño, Zaragoza, Vigo, Ibiza). Headcount is reported at 11-50 employees, and the firm recently integrated Galician peer brokerage Balanzea (November 2025) and established a strategic partnership with Colombian insurer Sura (May 2024) to extend its footprint into Latin America.

Name

MatErh

Legal name

MATERH RISK MANAGEMENT CORREDURÍA DE SEGUROS Y REASEGUROS, S.L.

Website

https://materh.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

MatErh is a Madrid-based, Erhardt Group subsidiary providing risk management consulting and insurance brokerage services to enterprise clients across maritime, logistics, tourism, and entertainment sectors in Spain, with recent expansion into Latin America via a partnership with Colombian insurer Sura.

Ownership category

akta.pro rank

Product category

Risk Management Consulting & Insurance Brokerage

NAICS

Finance and Insurance (52)

SIC

Insurance Agents, Brokers & Service (6411), Services-Management Consulting Services (8742), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Enterprise Risk Management (ERM) Advisory (BPAHAFAA)

akta.pro secondary industries

Risk Management (ERM), Operational Risk & Business Continuity (BPAEAPAJ), Operational Risk & Controls (RCSA, KRIs, Incident/Loss) (FSACAJAJ)

Keywords

• Risk management consulting
• Insurance brokerage
• Enterprise risk management
• Compliance advisory
• Cyber risk insurance

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Risk Management Consulting: Fees for risk management consulting services including compliance advisory, risk mapping, crisis management, and business continuity planning
2. Insurance Brokerage: Commission-based revenue from arranging insurance coverage for clients across property, marine, cyber, liability, and other lines
3. Whistleblowing Channel Services: Online reporting channel service with technology component and legal expert management for compliance with EU Directive 2019/1937

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

MatErh provides risk management consulting services including enterprise risk management systems, risk mapping, criminal compliance, cyber risk assessment, GDPR/personal data protection, crisis management and business continuity planning, plus an online whistleblowing channel. Through its Forward Thinking sub-brand, it also acts as an insurance broker (correduría de seguros) arranging property, marine, employee benefits, and other coverage for clients. The combined offering helps organizations identify, evaluate, prevent, and transfer business threats through both advisory services and insurance placement.

Product overview

MatErh is a risk management consulting and insurance brokerage firm providing two main lines of business: Risk and Compliance Consulting, and Insurance Brokerage. The consulting portfolio includes an Online Whistleblowing Channel, Risk Management Outsourcing, Enterprise Risk Management Systems, Risk Mapping, Criminal Compliance (general and fishing sector specific), Cyber Risk, Personal Data Protection, and Crisis Management/BCP/Disaster Recovery. The insurance brokerage services are branded as Forward Thinking and encompass property insurance, employee benefits, and specialized Marine insurance solutions. The company plans scenarios to predict future threats and provides market solutions for risk transfer to the insurance industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Whistleblowing Channel (Canal Ético de Denuncias Online) An online channel that facilitates the reporting of criminal, irregular, or unethical behavior within organizations, compliant with European Directive 2019/1937 and managed with legal expert support.
• Risk Management Outsourcing (Externalización de la Gerencia de Riesgos)
• Enterprise Risk Management Systems (ERM) Systems and methodologies for comprehensive enterprise-wide risk management based on ISO 31000 standards.
• Risk Mapping (Mapa de Riesgos / 360° Risk Mapping) Proprietary methodology for visual mapping and analysis of organizational risks to identify, assess, and prioritize threats, including inspection visits for logistics and other industries.
• Criminal Compliance (Compliance Penal) Services to help organizations comply with criminal law requirements, including Article 31 of the Spanish Criminal Code, and prevent corporate criminal liability.
• Cyber Risk (Ciberriesgo) Identification, analysis, and assessment of cyber risks with recommendations for preventive technological solutions and cyber-risk insurance policies.
• Personal Data Protection (Protección de Datos Personales) Services to help organizations comply with GDPR and personal data protection regulations.
• Crisis Management, BCP, and Disaster Recovery Business continuity planning (BCP) and disaster recovery services to ensure organizational resilience.
• Forward Thinking (Insurance Brokerage) Insurance brokerage services providing risk coverage, premium optimization, claims management, and market solutions for risk transfer to the insurance sector. Registered with Spain's DGSFP (codes J3548 for insurance, RJ0092 for reinsurance).
• Property Insurance (Seguros Patrimoniales) Property insurance brokerage solutions including multi-risk, material damage, civil liability, D&O, construction, machinery, transport, fleet, credit, surety, and cyber risk coverage.
• Employee Benefits (Beneficios para sus Empleados) Voluntary benefits and supplementary insurance programs including life, accident, health, and travel coverage for employees.
• Marine Insurance Solutions Specialized insurance brokerage for the maritime industry covering Hull & Machinery, marine liability, cargo, loss of profits, P&I, marine reinsurance, shipbuilding risk, and yacht insurance.
• Criminal Compliance for Fishing Sector (Compliance Sector Pesquero) Specialized compliance services for fishing industry regulations and requirements.

Quantifiable outcome

• Efficient management of full risk cycle for organizations
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Forward MusicminorStrategic or Co-development Partner · 9 May 2024Forward Music participated alongside MatErh at BIME-Bogotá panel on security for musical event organizers, highlighting the importance of specialized insurance solutions and noting that some situations may not be fully covered by standard policies, requiring specialized coverage.
• Sura (Colombian insurer)coreStrategic or Co-development Partner · 8 May 2024Strategic partnership with Colombian insurer Sura for joint commercialization of insurance solutions for music event organizers in the South American market. MatErh led by Néstor Rodríguez and Manuel Lozano, collaborated with Sura at BIME-Bogotá to address the entertainment industry's insurance needs in Latin America.
• Erhardt GroupcoreOthersPart of the Erhardt Group of companies. Personal data may be shared with other companies in the group for service provision. Also linked through Internal Information System website reference (erhardt.es).

Scale indicators3 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• MAPFRE: MAPFRE is Spain's largest insurance group with broad product offerings including commercial marine, cyber, and property lines. A broader incumbent that competes with MatErh on placement but offers full-stack insurance rather than specialty brokerage.
• Hiscox: Hiscox is a specialty global insurer with Spanish operations focused on SME and complex commercial risks including cyber, marine, and entertainment. A broader incumbent on the carrier side that competes with MatErh's brokerage distribution of specialty coverage.
• Grupo Catalana Occidente: Grupo Catalana Occidente is one of Spain's largest insurance groups with a significant brokerage arm. A broader incumbent with overlapping commercial and specialty insurance offerings distributed through Spanish broker networks.

Direct peers

• Aon: Aon is the world's largest insurance brokerage and risk management firm with deep Spanish operations. Directly comparable to MatErh across both insurance placement and risk consulting, though at vastly greater scale and with global reach.
• Lockton: Lockton is the world's largest independent insurance brokerage, focused on complex commercial risks. Comparable to MatErh in its specialty-broker positioning and ability to design bespoke insurance programs for niche industry clients.
• WTW (Willis Towers Watson): WTW is a global advisory, broking, and solutions firm with significant Spanish operations. Directly competes in enterprise risk management consulting and insurance brokerage, including specialty lines such as marine and cyber.
• Marsh: Marsh is a global insurance broker and risk advisor with substantial Spanish presence. Offers the same combined brokerage-plus-risk-advisory model that MatErh provides, including specialty practices in marine and entertainment.
• Howden: Howden is a fast-growing specialty insurance broker with Iberian operations. Compares as a mid-sized specialty broker pursuing vertical depth in marine, hospitality, and entertainment — directly mirroring MatErh's vertical specialization strategy.
• Arthur J. Gallagher: Arthur J. Gallagher is a global insurance brokerage and risk management services firm with Spanish operations. Directly comparable across integrated brokerage, risk consulting, and claims management.

Others

• Grupo ERHARDT: Grupo Erhardt is MatErh's parent conglomerate. While not a direct competitor, it is included as a related party; the group operates adjacent logistics, maritime services, and corporate services businesses that share data and governance with MatErh.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/materhriskmanagement

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 MatErh