AMICA

What AMICA does

AMICA, formally Antwerp Marine Insurance, Claims Associates, is a privately held Belgian specialty insurance firm founded in 1984 by Gilbert Simons in Antwerp. The company underwrites and handles marine and commodity-related risks and claims, offering three core product lines: tailor-made Cargo Insurance for transport and storage risks, Liability Insurance covering Charterers' Liability and Logistics Operator Liability for freight forwarders, multimodal transport operators, NVOCCs, and warehouse operators, and trade Consultancy covering sale/purchase contracts, charterparties, bills of lading, warehousing contracts, credit facilities, and dispute resolution including arbitrations before GAFTA, FOSFA, LMAA, and other major institutions. AMICA's technology backbone is Amica Online, a proprietary 24/7 web platform for declaring shipments, issuing certificates, and routing real-time referrals back to AMICA with automatic email notifications; the platform lowers administrative costs and embeds AMICA into client operational workflows.

The firm operates a consultative, relationship-driven B2B go-to-market motion, selling directly to marine and commodity trading companies ranging from smaller nationally oriented Belgian firms to some of the world's largest trading companies. Pricing is quote-based and bespoke per client risk profile, with multi-year contracts, generating revenue primarily through insurance premiums. AMICA's competitive positioning rests on team expertise (professionals with trading, chartering, logistics, and insurance backgrounds), 40+ years of continuous operation with family heritage in insurance dating back to the 19th century, and affiliations with FSMA (Belgian financial regulator), BAUA (Belgian underwriting agents association), and international arbitration institutions including GAFTA, FOSFA, LMAA, NOFOTA, and Het Comité van Graanhandelaren. The firm is headquartered at Londenstraat 60 bus 224, 2000 Antwerp, Belgium, with 11-50 employees and no disclosed funding, parent entity, subsidiaries, or M&A activity.

Name

AMICA

Legal name

AMICA

Website

https://amica.be

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

AMICA is a Belgian specialty insurance firm, founded in 1984 in Antwerp, underwriting marine and commodity-related cargo and liability risks and providing trade consultancy services to both SMBs and the world's largest trading companies.

Ownership category

akta.pro rank

Product category

Marine Insurance

NAICS

Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ)

akta.pro secondary industry

Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB)

Keywords

• Marine insurance
• Cargo insurance
• Liability insurance
• Trade consultancy
• Commodity insurance

Headquarters

HQ city

Antwerp

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Marine Insurance Underwriting: AMICA provides tailor-made insurance coverage for marine and commodity related risks, including cargo insurance and liability insurance (Charterers' Liability and Logistics Operator Liability). Revenue is generated through insurance premiums based on customized coverage for each client's specific risk profiles.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

AMICA provides marine and commodity-related insurance underwriting and brokerage services — including cargo insurance and liability insurance — together with specialized trade consultancy for businesses involved in international commodity trading. The firm supports clients across the policy lifecycle, from coverage placement through claims handling, drawing on expertise developed since its founding in 1984 in Antwerp, Belgium.

Product overview

AMICA is a marine insurance and trade consultancy company offering a unified portfolio of insurance products and advisory services. The core insurance offerings include Cargo Insurance (tailor-made coverage for transport and storage risks) and Liability Insurance (Charterers' Liability and Logistics Operator Liability). These are complemented by Consultancy services covering international trading and shipping matters. The company's digital platform, Amica Online, provides clients with an IT system for declaring shipments and issuing certificates, featuring real-time referrals and automatic notifications. Together, these products and services form an integrated approach to marine risk management, from (pro-)active risk analysis and loss prevention to claims settlement.

Differentiator

Problem solved

Functional benefit

Brands

• Amica Online: IT platform for declaring shipments and issuing certificates. Handles real-time referrals to AMICA with automatic e-mail notifications. Available 24/7 and lowers administrative costs.

Named customers2 records

Segments1 record

Ideal customer profiles2 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered minor.

• GAFTA (Grain and Feed Trade Association)minorOthersAMICA conducts arbitrations before GAFTA arbitral institutions for dispute resolution related to grain and feed trading contracts.
• FOSFA InternationalminorOthersAMICA conducts arbitrations before FOSFA for disputes involving oils, fats, and oilseeds trading contracts.
• LMAA (London Maritime Arbitrators Association)minorOthersAMICA conducts arbitrations before LMAA for maritime disputes, leveraging London's position as a major shipping arbitration center.
• Het Comité van GraanhandelarenminorOthersAMICA conducts arbitrations before this Belgian grain trade committee for contract disputes in the grain trading sector.
• NOFOTAminorOthersAMICA conducts arbitrations before NOFOTA for disputes related to the nuts, dried fruits, spices, and allied trades.
• FSMA (Financial Services and Markets Authority)minorOthersAMICA is affiliated with FSMA, Belgium's regulator for financial services, indicating regulatory compliance in the insurance sector.
• BAUA (Belgian Association of Underwriting Agents)minorOthersAMICA is affiliated with BAUA, the Belgian association for underwriting agents in the insurance industry.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Gard: Leading marine P&I and marine insurance provider serving shipowners, charterers, and operators worldwide. Comparable to AMICA in providing marine liability cover (including Charterers' Liability) and risk advisory to international maritime clients.
• Skuld: Marine P&I club and insurance provider offering cover to shipowners, charterers, and offshore operators. Comparable to AMICA's marine liability underwriting scope and its focus on international trading and shipping risk.
• Thomas Miller: Long-established specialist provider of insurance, legal, and claims services to the marine, transport, and energy sectors. Closely comparable to AMICA in its niche focus on marine underwriting and claims handling for commodity and shipping clients.
• TT Club: Mutual insurance provider specializing in liability and asset insurance for the international transport and logistics industry. Comparable to AMICA's Logistics Operator Liability and cargo cover for freight forwarders, multimodal operators, and warehouse operators.
• NorthStandard: Major marine Protection & Indemnity (P&I) club formed from the merger of the UK P&I Club and the Standard Club. Comparable to AMICA's marine liability and cargo underwriting focus on international trading and shipping clients.
• Britannia P&I Club: Marine Protection & Indemnity club providing liability cover and related services to shipowners and charterers. Comparable to AMICA in the marine liability underwriting domain and its specialist focus on trading and shipping exposures.

Broad incumbents

• Willis Towers Watson (WTW): Global advisory and brokerage firm with a Marine, Energy and Specie practice serving shipping, logistics, and commodity clients. Comparable to AMICA's marine insurance offering, but with broader geographic coverage and deeper carrier relationships.
• Aon: Global insurance and reinsurance broker with a Marine and Logistics specialty practice serving trading houses and shippers. Comparable to AMICA in marine cargo and liability brokerage, though at much greater scale, geographic reach, and carrier panel access.
• Howden: Global specialty insurance broker with a strong marine and cargo practice, including dedicated teams serving commodity traders and logistics operators. Comparable to AMICA as a competitor for the same marine and logistics client base, but operating at significantly larger scale and geographic breadth.
• Marsh: World's largest insurance broker with a dedicated Marine practice serving shipping, logistics, and commodity trading clients globally. Comparable to AMICA in overlapping cargo and marine liability product lines, but with vastly greater resources, international offices, and carrier relationships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/amica-nv

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 AMICA