What CAMCA does

CAMCA (La Caisse d'Assurances Mutuelles du Crédit Agricole) is a French mutual insurance company founded in 1944 and fully integrated within the Crédit Agricole Group, operating through a multi-entity structure consisting of CAMCA Mutuelle (parent), CAMCA Assurance S.A. (P&C insurer), CAMCA Réassurance S.A. (captive reinsurer), and CAMCA Courtage (insurance and reinsurance broker), with roughly 200 employees across Paris and Luxembourg. The company is the historical specialty insurer of the 39 regional Caisses régionales du Crédit Agricole and their EU subsidiaries (LCL, BforBank), and serves three primary product lines: operational risk insurance for bank branches (theft, fraud, burglary), daily-banking insurance (account and card protection, assistance, and concierge services bundled with bank cards and Visa/Mastercard networks), and supplier guarantees (Caution Tabac via LOGISTA, Caution Presse, Caution PMU at 0.90%, Caution FDJ at 1%, and Caution Auto-écoles).

CAMCA holds the 3rd national rank in housing loan guarantees with €192 billion of credits guaranteed, insures 22.2 million bank cards, and administers over 18.3 million bancassurance contracts settling more than 30,000 claims annually. Its technology stack comprises insurance and reinsurance core systems, a secure 24/7 client extranet, and an online subscription portal (Leaderinfo) for SMB caution products. Commercial distribution operates on a hybrid B2B/B2B2C model: enterprise risk is sold through regional CAMCA delegates into the Crédit Agricole bank network, while caution products are sold directly to buralistes, newsagents, PMU/FDJ outlets, and driving schools through the self-serve portal. Long-running exclusive partnerships with PMU (since 2001) and FDJ (since 2015) anchor the caution franchise.

Revenue is generated through recurring insurance premiums on annual contracts, transaction/take-rate guarantee fees at ~0.9-1% of guaranteed amount for caution products, brokerage commissions on card insurance/assistance programmes, and intra-group reinsurance flows. Pricing is transparent on caution products (flat rates, no ancillary or counter-guarantee fees, annual automatic renewal), while enterprise risk and bancassurance pricing is quote-based. As a mutual, CAMCA is owned by its policyholders rather than shareholders and is regulated by the ACPR under the French Insurance Code, with board representation from Crédit Agricole regional bank CEOs.

Name

CAMCA

Legal name

La Caisse d'Assurances Mutuelles du Crédit Agricole

Website

https://ca-camca.fr

Company type

Private

Founded year

1944

Operating status

Operating

Headcount range

101–250 employees

Short description

CAMCA is the mutual specialty insurance subsidiary of Crédit Agricole, providing operational risk cover for bank branches, bancassurance on bank accounts and cards, and supplier guarantees for tobacco, press, PMU, FDJ, and driving school retailers across France and Luxembourg.

Ownership category

akta.pro rank

Product category

Bancassurance and Specialty Insurance

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Lines Insurance Brokerage (FSAEADAB)

akta.pro secondary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Mutual insurance services
• Bancassurance products
• Operational risk insurance
• Financial guarantee bonds
• Insurance brokerage services

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance premiums (Bancassurance & Risk Insurance): CAMCA generates revenue through insurance premiums from coverage of bank accounts, cards, and daily banking risks (over 18.3 million bancassurance contracts). Also includes premiums for operational risk insurance for bank branches (theft, fraud, burglary). Premiums are recurring as contracts renew annually.
2. Guarantee/Collateral fees: CAMCA charges annual commission fees for providing financial guarantees to retailers (tobacco, press, PMU, FDJ) and auto-écoles. Fees are calculated as a percentage of the guaranteed amount (e.g., 1% for tobacco, 0.90% for PMU, 1% for FDJ). This is a recurring annual revenue stream.
3. Housing loan guarantees: CAMCA occupies the 3rd national rank in housing loan guarantees (cautionnement des crédits habitat), with 192 billion euros of housing loans guaranteed, generating guarantee fees.
4. Card insurance & concierge services: CAMCA Courtage manages insurance, assistance and concierge services bundled with bank cards of the Crédit Agricole Group, ensuring compliance with Visa and Mastercard prerequisites and providing enriched offerings, generating commission income.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

CAMCA is a mutual insurance company operating as the specialty insurer of the Crédit Agricole Group. It provides operational risk insurance for bank branches (theft, fraud, burglary), daily banking insurance products attached to bank accounts and cards (including assistance and concierge managed via CAMCA Courtage), housing loan guarantees (€192 billion guaranteed, 3rd national rank), and a suite of supplier financial guarantees covering tobacco retailers (via LOGISTA), press distributors, PMU outlets, FDJ retailers, food suppliers, and driving schools.

Product overview

CAMCA is a mutual insurance company integrated within the Crédit Agricole Group, serving as a specialty insurer for the bank's regional branches and subsidiaries. The company operates a multi-entity structure comprising CAMCA Mutuelle, CAMCA Assurance S.A., CAMCA Courtage (insurance and reinsurance broker), and CAMCA Réassurance S.A. Its core offerings center on three main product lines: (1) Risques opérationnels - operational risk insurance for bank branches against theft, fraud and security threats; (2) Banque au quotidien - daily banking insurance products including account-based insurance and card insurance/assistance/concierge services managed through CAMCA Courtage; and (3) Caution fournisseurs - a suite of supplier guarantee products covering tobacco (Caution Tabac via LOGISTA), press, PMU, FDJ, and general food retail, plus Caution Auto-écoles for driving school financial guarantees. CAMCA holds the 3rd national ranking in mortgage credit guarantee coverage and insures over 18 million ancillary insurance contracts.

Differentiator

Problem solved

Functional benefit

Products and services

• Risques opérationnels (Operational Risk Insurance) Insurance coverage for bank branches against operational risks including theft, fraud, and break-ins. CAMCA serves as the historical insurer for the 39 regional Caisses of Crédit Agricole and is the referent for bank security.
• Banque au quotidien (Daily Banking Insurance) Daily banking insurance products covering bank accounts, payment cards, assistance, and concierge services for retail banking customers of Crédit Agricole regional banks.
• Caution fournisseurs (Supplier Guarantees)
• Caution Tabac (Tobacco Retailer Guarantee) Financial guarantee service for tobacco retailers (buralistes) provided through LOGISTA, covering delivery credits, stock credits, and seasonal credits at a 1% annual rate, with no entry or renewal fees.
• Caution Presse (Press Distributor Guarantee) Guarantee service for press distributors against payment default risks, offered at a flat rate of 1% of the guaranteed amount with annual automatic renewal.
• Caution PMU (PMU Betting Outlet Guarantee) Financial guarantee for PMU (horse betting) retail outlets, protecting against unpaid risks under a partnership since 2001, at a 0.90% annual rate with no ancillary fees.
• Caution FDJ (FDJ Lottery Retailer Guarantee) Financial guarantee for Française des Jeux (FDJ) retailers against payment default, offered at a 1% annual rate with no ancillary fees since the 2015 partnership.
• Cautions diverses - alimentation (General Food Supplier Guarantees)
• Caution Auto-écoles (Driving School Guarantee)
• Assurances, assistances cartes et conciergerie (Card Insurance, Assistance and Concierge)
• Housing Loan Guarantees (Cautionnement Crédits Habitat)

Quantifiable outcome

• 3rd national rank in housing loan guarantees with 192 billion euros of credits guaranteed
• +2 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• LOGISTA (distributor of tobacco products)coreChannel Partner/ Reseller/ DistributorLOGISTA is the tobacco supplier to which CAMCA provides guarantees on behalf of tobacco retailers (buralistes). CAMCA acts as guarantor for credits at delivery, stock credits, and seasonal credits, facilitating retailers' purchasing from LOGISTA without immediate payment.
• PMU (Pari Mutuel Urbain)coreStrategic or Co-development PartnerCAMCA has been the preferred partner of PMU for over 20 years (since 2001), providing financial guarantees to PMU retail outlets to cover payment default risk. This exclusive partnership enables PMU to require guarantees from its retailers while CAMCA handles all claims processing.
• FDJ (Française des Jeux)coreStrategic or Co-development PartnerCAMCA has been the preferred partner of FDJ since 2015, providing financial guarantees to FDJ retail outlets (detailed gamblers) to cover payment default risk. CAMCA Courtage manages claims rapidly upon FDJ validation.
• Filhet-AllardminorStrategic or Co-development PartnerFilhet-Allard partners with CAMCA to provide financial guarantees to driving schools for the 'Permis à 1 euro par jour' government-backed financing scheme. CAMCA provides the guarantee while Filhet-Allard manages the broader insurance relationship.
• Fondation Crédit Agricole Solidarité et Développement (CASD)minorStrategic or Co-development PartnerCAMCA supports the CASD Foundation which promotes socio-economic autonomy for people in France across 4 themes: social inclusion, economic/professional integration, housing, and health. CASD benefits from FRUP status since 2014 and operates in complementarity with the 39 regional Crédit Agricole banks.
• Plastic OdysseyminorStrategic or Co-development PartnerCAMCA is a patron/sponsor of the Plastic Odyssey project, alongside Crédit Agricole S.A., five Crédit Agricole regional banks, and the Grameen Crédit Agricole Foundation. The project aims to recover plastic waste from coastlines and convert it to fuel using pyrolysis technology, bringing the solution to emerging market populations.
• ROAM (Réassurance，奥协 Mutuelle)minorOthersCAMCA is a member of ROAM, a collective of human-sized mutual insurance companies committed to ethical and socially responsible behavior. CAMCA is a signatory of the ROAM Ethical Charter, reinforcing its mutualist values.
• Visa and MastercardminorStrategic or Co-development PartnerCAMCA Courtage ensures that its card insurance and assistance programs comply with Visa and Mastercard prerequisites and standards for bank card bundled insurance, while also developing enriched offerings beyond the minimum requirements.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SCOR: Global French reinsurer with a broad life and P&C reinsurance book. Comparable through CAMCA Réassurance S.A.'s reinsurance activities and the broader French insurance/reinsurance ecosystem.
• Crédit Agricole Assurances: Insurance arm of Crédit Agricole S.A. and ultimate parent-affiliated entity to CAMCA. Provides bancassurance, life, and P&C products to the same Crédit Agricole regional bank network, making it the closest direct peer and group-level alternative.
• Verspieren: Independent French insurance and reinsurance broker with corporate and specialty lines. Comparable in brokerage activity (alongside CAMCA Courtage) and French mid-market risk advisory positioning.
• Société Générale Insurance (Sogécap / Antarius): Insurance arm of Société Générale providing life insurance, creditor protection, and bancassurance products via Société Générale branches. Directly comparable in serving a large French bank's customer base with bundled insurance.
• BNP Paribas Cardif: Bancassurance subsidiary of BNP Paribas offering creditor insurance, savings, and protection products embedded in BNP's retail network. Comparable in business model, distribution channel (bank branches), and product mix (card/loan protection, guarantees).
• Natixis Assurances (BPCE group): Insurance subsidiary of Groupe BPCE (Banques Populaires / Caisses d'Épargne), offering bancassurance and creditor insurance products distributed through the BPCE network. Closely mirrors CAMCA's bank-affiliated distribution model.

Broad incumbents

• CNP Assurances: France's largest personal insurer and a major bancassurance player (now owned by La Banque Postale). Comparable in product breadth and bank-distribution model, though at materially larger scale.
• MACIF: Major French mutual insurer focused on property & casualty, health, and personal protection. Comparable mutualist structure and retail customer base, with overlap in caution/guarantee-adjacent product categories.
• Covéa (MAAF / MMA / GMF): Leading French mutual insurance group combining MAAF, MMA, and GMF. Comparable in mutual ownership model, multi-line P&C, and bancassurance-style bundling of protection products for retail customers.
• Groupama: Major French mutual insurance group serving individuals, professionals, and farmers across property & casualty, life, and bancassurance. Comparable in mutualist structure and French retail footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@groupecamca
• LinkedInlinkedin.com/company/groupe-camca

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries3 records

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 CAMCA