Banasegur
Banasegur is a Spanish insurance brokerage headquartered in Lleida with a second office in Seville, operating as a subsidiary of Sabseg Group and serving SMEs, self-employed professionals, and specialized sectors across Iberia through a 50+ carrier network.
- Company typePrivate
- Founded1996
- HeadquartersLleida, Spain
- Headcount51–100
- GTM typeB2B
- OfferingServices
Banasegur firmographics
Firmographics- Name
- Banasegur
- Legal name
- SABSEG CORREDURÍA DE SEGUROS S.A.
- Website
- https://banasegur.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Banasegur is a Spanish insurance brokerage headquartered in Lleida with a second office in Seville, operating as a subsidiary of Sabseg Group and serving SMEs, self-employed professionals, and specialized sectors across Iberia through a 50+ carrier network.
- Ownership category
- akta.pro rank
Banasegur industry classification
Industry- Product category
- Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331), Surety Insurance (6351)
- akta.pro primary industry
- Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)
- akta.pro secondary industries
- Commercial General Liability (CGL) (FSAJADAA), Product Liability & Recall (FSAJAGAG), Professional Umbrella / Excess (E&O/D&O Wrap) (FSAJANAH)
Keywords
Where Banasegur is headquartered
LocationHeadquarters
- HQ city
- Lleida
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Banasegur business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Insurance Brokerage Commissions: As an insurance brokerage, Banasegur earns commissions from insurance companies for placing business. The company has purchasing and negotiation power with over 50 insurance companies, offering economic advantages to clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Other | Customized insurance solutions tailored to individual client needs |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Banasegur product offering
Product offeringCore offering
Banasegur is an insurance brokerage firm that intermediates between clients and a network of over 50 insurance companies, offering personalized coverage solutions across personal, commercial, agricultural, industrial, and professional liability lines. The company conducts individualized risk audits, recommends tailored policies, and manages policy issuance, claims processing, and ongoing account servicing through its IT platform and client portal.
Product overview
Banasegur is an insurance brokerage firm and part of Sabseg Group, offering a comprehensive portfolio of insurance products and solutions. The company provides personalized insurance brokerage services with 25 years of experience, working with more than 50 insurance companies. The core offering includes agricultural insurance (crop, livestock, and forestry), credit insurance, cybersecurity insurance, enterprise insurance for SMEs, multirisk commercial and industrial insurance, and various civil liability coverages (professional, employer, environmental, construction, drones, machinery, and more). Specialized products include D&O insurance for executives, accident insurance, travel insurance, and recreational sports activities insurance. The company leverages advanced technology platforms enabling clients to access accounts via Internet and manage policies remotely.
Differentiator
Problem solved
Functional benefit
Products and services
- Seguros para empresas (Enterprise Insurance) Tailored insurance solutions for SMEs and self-employed individuals, covering premises, civil liability, health, accidents, cybersecurity, and savings plans.
- Seguros agropecuarios (Agricultural Insurance) Comprehensive protection for agriculture and livestock operations against climate change and inherent agricultural and livestock activity risks.
- Seguro de crédito (Credit Insurance) Protection against insolvency and non-payment by clients, ensuring the stability and growth of business operations.
- Seguros de ciberriesgos (Cybersecurity Insurance) Advanced protection against cyberattacks to minimize risks and safeguard business operations.
- Seguros de flotas (Fleet Insurance) Comprehensive coverage for vehicle fleets and goods transport operations.
- Seguros de responsabilidad civil (Civil Liability Insurance) Comprehensive protection against legal claims and third-party damages, with various sub-types including General Liability, Professional CL, Employer's CL, Environmental Responsibility, and more.
- Seguro D&O (Directors and Officers Insurance) Protection for executives and administrators from legal claims due to their decisions, covering personal costs, defense expenses, and third-party indemnification.
- Seguros Multiriesgo Comercio y Oficina (Multirisk Commerce and Office Insurance) Comprehensive protection for businesses covering commercial premises and offices.
- Seguro de multirriesgo industrial (Industrial Multirisk Insurance) Comprehensive protection for industrial facilities covering installations, machinery, and operational continuity.
- Seguros de accidentes (Accident Insurance) Coverage for individuals, businesses, and self-employed workers against unforeseen events, including compensation for temporary or permanent disability and accidental death.
- Seguro de daños y avería para maquinaria (Machinery Breakdown Insurance) Comprehensive protection for valuable machinery and equipment assets in industrial settings.
- Seguros de viajes (Travel Insurance) Coverage for travel cancellation, interruption, luggage loss, theft or damage, and delays including accommodation and meal expenses.
Companies that use Banasegur
Customer profileSegments8 records
Ideal customer profiles4 records
Banasegur technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Banasegur partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Sabseg GroupcoreBanasegur is a pioneer brokerage that joined Sabseg Group in 2021. As part of the group, Banasegur benefits from shared resources, technology platforms, and a broader market presence across Spain and Portugal while maintaining its own brand identity and specialized services.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Banasegur competitors and assessment
Company assessmentDirect peers
- Lockton Spain: World's largest independent insurance brokerage with Spanish operations targeting mid-market and specialty risks; comparable to Banasegur's mid-market PYMES focus and growing specialty line emphasis.
- CESCE: Spanish specialist in credit insurance, surety bonds and export credit; directly comparable to Banasegur's seguro de crédito and seguro de caución (surety) product lines distributed to Spanish corporates.
- Willis Towers Watson (WTW) Spain: Global advisory and insurance brokerage with Spanish operations covering commercial risk, reinsurance and benefits; overlapping with Banasegur in P&C, D&O and professional liability distribution to Spanish corporates.
- Marsh Spain: Global insurance broker and risk advisor with a substantial Spanish presence across P&C, specialty and employee benefits; directly competes for mid-market and enterprise Spanish accounts and offers comparable multi-line brokerage services.
- Aon Spain: Global insurance brokerage with established Spain operations providing commercial, specialty and reinsurance broking; directly comparable to Banasegur's role as a multi-line commercial broker and explicitly cited as a technology service partner (Aonnet) on Banasegur's site.
- Solunion: Iberian credit insurance specialist jointly owned by Allianz and Euler Hermes; directly comparable to Banasegur's credit insurance offering (seguro de crédito) and adjacent surety/credit lines.
- Howden Spain: Fast-growing international insurance broker with a Spanish footprint focused on mid-market and specialty lines; directly competes with Banasegur in PYMES, D&O, cyber and other specialty commercial lines in Iberia.
Broad incumbents
- Catalana Occidente: Large Spanish insurance group combining direct underwriting and brokerage (including Crédito y Caución); a broader incumbent that overlaps with Banasegur across multiple commercial lines including credit, surety and multirisk.
- Sabseg Group: Banasegur's parent group and Iberian insurance brokerage consolidator operating across Spain, Portugal and Italy with a multi-brand network; comparable as the broader portfolio/holding entity but offers wider capabilities beyond Banasegur's single-brand scope.
- Zurich Insurance Spain: Global insurance carrier with significant Spanish operations offering commercial, specialty and SME lines; a broader incumbent whose direct distribution competes with brokerage channels including Banasegur for PYME accounts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Banasegur social profiles
Digital presenceBanasegur financial estimates
Financial estimateRevenue estimate
Valuation estimate
Banasegur leadership team
Management profileNumber of profiles
Profiles1 record
Banasegur funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Banasegur M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Banasegur
What does Banasegur do?
Banasegur is an insurance brokerage firm that intermediates between clients and a network of over 50 insurance companies, offering personalized coverage solutions across personal, commercial, agricultural, industrial, and professional liability lines. The company conducts individualized risk audits, recommends tailored policies, and manages policy issuance, claims processing, and ongoing account servicing through its IT platform and client portal.
Is Banasegur a public or private company?
Banasegur is a private company. It is classified as corporate owned and is currently operating.
When was Banasegur founded?
Banasegur was founded in 1996. It employs 51 to 100 people.
Where is Banasegur based?
Banasegur is headquartered in Lleida, Spain, in the Europe region.
How does Banasegur make money?
One revenue line is on record: insurance Brokerage Commissions.
Who are Banasegur's main competitors?
Direct peers on record are Lockton Spain, CESCE, Willis Towers Watson (WTW) Spain, Marsh Spain, Aon Spain, Solunion and Howden Spain. Broad incumbents are Catalana Occidente, Sabseg Group and Zurich Insurance Spain.
Does Banasegur have an API?
No public API is recorded for Banasegur.
What industry is Banasegur in?
Banasegur's product category is Insurance Brokerage. Its primary akta.pro industry code is FSAEADAD, Wholesale Insurance Brokerage (Excess & Surplus Lines), with a secondary code of FSAJADAA, Commercial General Liability (CGL). Its NAICS code is 52421 and its SIC code is 6411.