AME

What AME does

MMA (Assurance Mutuelles de France) is a French mutual insurance company and one of three principal brands within the Covéa mutual insurance group alongside MAAF and GMF. Founded as a Société d'Assurance Mutuelle and headquartered in Le Mans with a registered head office in Chartres, MMA is owned by its policyholders rather than external shareholders. Its product portfolio covers auto insurance (offered in Tiers, Médiane, and Tous Risques tiers with kilometre-package pricing), home/habitation insurance, supplemental health (mutuelle santé), professional liability (RC Pro), multi-risk professional policies (multirisque), professional premises insurance, legal protection, life insurance, the personal retirement savings plan (PER), personal accident (GAV), school insurance, and borrower insurance.

The company's core technology stack is not proprietary: MMA operates as a traditional insurer relying on the Covéa group's shared services — notably Covéa Technologies for IT and infrastructure — alongside branded customer-facing platforms including the Espace Client web portal (espace-client.mma.fr) and the MMA Assurances mobile application on iOS and Android. Pricing, underwriting, and product configuration are risk-based (coverage tier, geographic zone, vehicle value, policyholder profile), and there is no disclosed public API, SDK, or AI/ML capability. Product and policy management is supported through agency back-office systems integrated with the web and mobile self-serve channels.

MMA generates revenue through subscription insurance premiums across personal and commercial lines, distributed primarily through a captive network of over 1,600 independent general insurance agents (Agents Généraux MMA) operating in all regions of metropolitan France, complemented by direct online channels (mma.fr for individuals, entreprise.mma.fr for professionals, eti.mma.fr for mid-size enterprises). Customer segments include individuals (particuliers), self-employed professionals and SMBs (professionnels et entreprises), mid-size enterprises (ETI), associations, and local authorities. Specialized services — health cost management (Santéclair), provident benefits (APGIS), legal protection (Covéa Protection Juridique), asset management (Covéa Finance), and IT (Covéa Technologies) — are sourced from within the Covéa group. The company operates under ACPR prudential supervision as a licensed insurer.

Name

AME

Legal name

MMA - Assurance Mutuelles de France

Website

https://agence.mma.fr

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

MMA (Assurance Mutuelles de France) is a French mutual insurance company within the Covéa Group, distributing auto, home, health, professional, life, and retirement savings products through 1,600+ general agents and digital channels across all French metropolitan departments.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411), Portfolio Management and Investment Advice (523940)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro primary industry

Personal Auto Insurance (FSAJAMAA)

Keywords

• Mutual insurance
• Auto insurance
• Home insurance
• Supplemental health insurance
• Professional liability insurance

Headquarters

HQ city

Cavaillon, Provence-Alpes-Côte d’Azur

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance premiums: MMA generates revenue through insurance premiums paid by policyholders across its product lines: auto insurance, home/habitation insurance, health/mutual insurance, life insurance, professional liability, multi-risk professional policies, local commercial property insurance, and legal protection. Premiums are calculated based on coverage level, geographic zone, asset value, and driver/policyholder profile.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

MMA is a French mutual insurance company (Assurance Mutuelles de France) that sells personal and commercial insurance products to individuals, professionals, businesses, associations, and local authorities. Its core portfolio includes auto, home, supplemental health, life, retirement savings, school, loan/borrower, professional liability, multi-risk professional, and legal protection insurance, distributed primarily through a captive network of over 1,600 general agents and complemented by digital self-service channels.

Product overview

MMA (Assurances Mutuelles de France) is a French mutual insurance group (Société d'Assurance Mutuelle) operating as part of the Covéa group, headquartered in Le Mans. The company offers a broad personal and commercial insurance portfolio organized around a network of over 1,600 physical agencies and digital self-service channels. Its core personal lines include auto insurance, home insurance, and supplemental health insurance (mutuelle santé), alongside protection products such as personal accident (GAV), school insurance, loan insurance (assurance emprunteur), life insurance, and retirement savings (PER). For professionals and businesses, MMA provides civil liability (RC Pro), multi-risk business insurance (multirisque professionnelle), professional premises insurance, professional legal protection, and collective prévoyance. Distribution is primarily through the captive agency network and digital channels (website, customer portal, mobile app). The company also maintains an online customer portal (Espace Client) and a mobile application available on iOS and Android, but does not offer a public or partner-facing API.

Differentiator

Problem solved

Functional benefit

Products and services

• Assurance Auto (Auto Insurance) Vehicle insurance covering cars, motorcycles, and other motor vehicles for individual drivers in France, priced by coverage tier, vehicle value, geographic zone, and driver profile.
• Assurance Habitation (Home Insurance) Home insurance covering residential properties (owner-occupied, rented, or shared) for households in France, including property damage, civil liability, and optional extensions.
• Mutuelle Santé / Complémentaire Santé (Supplemental Health Insurance) Supplemental health insurance (mutuelle) for individuals and families in France, reimbursing medical expenses beyond the statutory health system across hospital, dental, optical, and alternative care.
• Responsabilité Civile Professionnelle (RC Pro) Professional civil liability insurance for self-employed professionals, artisans, merchants, and businesses in France, covering third-party damages arising from professional activity.
• Multirisque Professionnelle (Multi-Risk Professional Insurance) Multi-risk commercial insurance for professionals, SMEs, and artisans in France, bundling property, liability, and operational coverage for premises, equipment, stock, and business interruption.
• Assurance Local Professionnel (Professional Premises Insurance) Insurance for commercial and industrial business premises in France, covering the physical location and contents against defined risks.
• Protection Juridique Professionnelle (Professional Legal Protection Insurance) Legal protection insurance for businesses and self-employed professionals in France, covering legal costs and disputes tied to operations, contracts, and professional activities.
• Assurance Prêt Immobilier / Assurance Emprunteur (Borrower / Mortgage Loan Insurance) Loan insurance for mortgage borrowers in France, covering installment payments in case of disability, work stoppage, or death; available standalone or linked to home insurance.
• Assurance Vie (Life Insurance) Life insurance and capital accumulation product for individuals in France, providing long-term savings with multiple fund options.
• Plan Épargne Retraite (PER) Personal retirement savings plan for individuals in France, offering tax-advantaged accumulation with capital withdrawal or annuity conversion options at retirement.
• Prévoyance (Income Protection Insurance) Personal and collective income protection insurance for individuals and employees in France, covering work stoppage, disability, and invalidity to preserve income.
• Garantie Accidents de la Vie (GAV) Personal accident insurance for individuals and families in France, covering financial consequences of accidents at home, during leisure, and on public roads.
• Assurance Scolaire (School Insurance) School insurance for children in France covering risks during school hours and extracurricular activities.

Quantifiable outcome

• Customer satisfaction score of 7.9/10 (BVA study, 2,000 interviews)
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor.

• Covéa FinanceminorOthersCovéa Finance is a portfolio management company (Société de gestion de portefeuille) under the Covéa group, MMA's parent mutual insurance group. Located at 8-12 rue Boissy d'Anglas, 75008 Paris, it is regulated by the Autorité des Marchés Financiers (AMF) under number 97007.
• Covéa Protection JuridiqueminorOthersA subsidiary of the Covéa group providing legal protection insurance. Located at 160 rue Henri Champion, 72045 Le Mans CEDEX 2. MMA uses Covéa Protection Juridique for legal protection products offered alongside its insurance policies.
• SantéclairminorOthersSantéclair is a health management company (Société anonyme) based at 7 Mail Pablo Picasso, 444046 Nantes CEDEX 1, RCS Nantes 428 704 977. It provides health cost management and third-party administrator services for MMA's supplementary health insurance products.
• APGISminorOthersAPGIS is an approved provident institution (Institution de Prévoyance agréée) regulated by the Ministry of Social Security, SIREN 304-217-904, located at 12 rue Massue, 94684 Vincennes Cedex. It operates under Articles L931-1 et seq. of the Social Security Code and is part of the Covéa group ecosystem.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• AXA France: AXA France is the local arm of a global insurer and France's largest P&C carrier. It competes across MMA's full product portfolio with broader brand reach and stronger capital markets access, but is a listed company rather than a mutual.
• Allianz France: Allianz France is the local subsidiary of a global insurer, offering personal, commercial, and life insurance across France. It competes with MMA across product lines and benefits from global scale and listed-group capital flexibility.
• Generali France: Generali France is the local arm of a global insurer with a meaningful French P&C, health, and life franchise. It overlaps with MMA's product portfolio and competes particularly in professional and commercial lines.
• Crédit Agricole Assurances: Crédit Agricole Assurances is the bancassurance arm of Crédit Agricole, distributing life, P&C, and creditor insurance through the bank's branch network. It competes with MMA via a different distribution model (bank-led) and benefits from deep parent-group cross-sell.

Direct peers

• CNP Assurances: CNP Assurances is a major French life and personal risk insurer with deep bancassurance partnerships. It is a comparable peer for MMA's life insurance, retirement savings (PER), and prévoyance lines, with similar scale and product focus.
• GMF: GMF is the third sister brand under the Covéa Group, focused on civil servants and the broader public. It shares MMA's mutual insurance DNA, distribution channels, and product mix and competes for the same French household wallet.
• Maaf: Maaf is a sister brand of MMA under the Covéa Group, offering auto, home, health, and life insurance to individuals and professionals. Same parent, same distribution logic, same mutual DNA — the closest functional peer to MMA.
• Groupama: Groupama is one of France's largest mutual insurers, offering P&C, health, life, and banking products through regional caisses. It directly overlaps MMA in multi-line personal and commercial insurance and is a comparable mutual-structure competitor.
• Matmut: Matmut is a French mutual insurance group offering auto, home, health, and personal insurance through a similar agency-led distribution model. Like MMA, it is policyholder-owned, competes head-to-head in regional France, and shares the same mutual-insurer DNA.
• Covéa Group: Covéa is the parent mutual insurance group of MMA, Maaf, and GMF. As the consolidating entity, its combined portfolio reflects MMA's role within it, and Covéa's strategic capital allocation directly determines MMA's growth capacity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ameassurances

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 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 AME