AMF - Assurance Mutuelle des Fonctionnaires
AMF is a French mutual insurance company, founded in 1936, that provides specialized financial liability coverage to over 300,000 French public sector managers — Comptables, Ordonnateurs, and Régisseurs — through its APICO, APIC, and MPAP products, distributed directly and via the Matmut / SGAM MATMUT network.
- Company typePrivate
- Founded1936
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2C
- OfferingServices
What AMF - Assurance Mutuelle des Fonctionnaires does
AMF - Assurance Mutuelle des Fonctionnaires is a French mutual insurance company (Société d'assurance mutuelle à cotisations variables) founded in 1936 to guarantee the pecuniary responsibility of public accountants. It specializes in financial liability insurance for French public sector managers — Comptables publics, Ordonnateurs, and Régisseurs — with a customer base of more than 300,000 insured members across the state, hospital, and territorial public services. Its product portfolio centers on three offerings: APICO (Assurance Pécuniaire Individuelle des Comptables publics et des Ordonnateurs, introduced in 2023 to cover Ordonnateurs under the new personal liability regime), APIC for Comptables and Régisseurs (with a specialized variant for French overseas territories), and MPAP, a complementary product distributed via the Matmut partnership.
The business operates on a mutualist subscription-recurring revenue model in which sociétaires pay variable premiums based on risk profile and coverage, with pricing handled on a quote basis rather than publicly disclosed. Distribution is multi-channel: direct online subscription via amf-sam.fr, the AFCM network (its founding partner under Ministry of Finance supervision), the Matmut partnership (joint subsidiary AMF Assurances formed in 2007, affiliated to SGAM MATMUT since January 1, 2019), and a broad network of professional associations (ACCP, ADAFIP, AJI, ADGCF, SERVIR Alumni, Espac'EPLE, UNCCAS). The core technology is a web-based insurance platform supporting online subscription, a policyholder personal space (espace personnel), and online document resources; no proprietary AI or advanced technology stack is indicated. Headcount is exceptionally lean at 30 employees, with most operational scale absorbed through the SGAM MATMUT / AMF Assurances vehicle.
AMF - Assurance Mutuelle des Fonctionnaires firmographics
Firmographics- Name
- AMF - Assurance Mutuelle des Fonctionnaires
- Legal name
- Assurance Mutuelle des Fonctionnaires
- Website
- https://amf-sam.fr
- Company type
- Private
- Founded year
- 1936
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- AMF is a French mutual insurance company, founded in 1936, that provides specialized financial liability coverage to over 300,000 French public sector managers — Comptables, Ordonnateurs, and Régisseurs — through its APICO, APIC, and MPAP products, distributed directly and via the Matmut / SGAM MATMUT network.
- Ownership category
- akta.pro rank
AMF - Assurance Mutuelle des Fonctionnaires industry classification
Industry- Product category
- Mutual Insurance
- NAICS
- Insurance Carriers and Related Activities (524)
- SIC
- Insurance Carriers, Nec (6399)
- akta.pro primary industry
- Management Liability (D&O/EPL/Fiduciary) (FSAJAGAD)
Keywords
Where AMF - Assurance Mutuelle des Fonctionnaires is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
AMF - Assurance Mutuelle des Fonctionnaires business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Insurance Premiums: AMF generates revenue through variable insurance premiums (cotisations variables) as a mutual insurance company. Members pay contributions based on their risk profiles and coverage needs for financial liability insurance.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
AMF - Assurance Mutuelle des Fonctionnaires product offering
Product offeringCore offering
AMF designs and distributes mutual insurance products that cover the personal financial liability and professional indemnity risks of French public-sector managers. Its core portfolio — APICO for ordonnateurs, APIC for public accountants, APIC for régisseurs, and MPAP for other public agents — protects members against the pecuniary consequences of errors, omissions, or financial irregularities committed in the exercise of their public financial duties. The company operates under mutualist governance (no speculative purpose, surpluses reinvested for members) and sells directly to individual public servants.
Product overview
AMF is a mutual insurance company offering a portfolio of financial risk insurance products for French public sector managers (gestionnaires publics). The product portfolio consists of three main insurance offerings: APICO (Assurance Pécuniaire Individuelle des Comptables publics et des Ordonnateurs) covers the expanded liability risks of public accountants and authorized officers introduced by the 2023 reform; APIC (Assurance Pécuniaire Individuelle des Comptables) covers public accountants and cashiers/regisseurs, with specialized versions for overseas territories; and MPAP is a complementary product offered through the Matmut partnership for general public agents. AMF positions itself as the market leader in pecuniary and individual insurance for public managers.
Differentiator
Problem solved
Functional benefit
Brands
- APICO: Assurance Pécuniaire Individuelle des Comptables publics et des Ordonnateurs - Solution for public accountants and authorizing officers
- APIC
- MPAP
Products and services
- APICO Financial liability insurance product for ordonnateurs (French public-sector officials authorized to authorize and order expenditure), covering personal financial responsibility arising from the exercise of their public financial duties.
- APIC (Comptables) Financial liability insurance product for public accountants (comptables publics), covering pecuniary responsibility linked to accounting errors, omissions, or irregularities committed in the course of their public duties.
- APIC (Régisseurs) Financial liability insurance product for régisseurs (public cashiers handling cash advances and receipts), covering personal financial responsibility for irregularities in the handling of public funds.
- MPAP Financial liability insurance product for other public agents (MPAP), covering personal financial responsibility for public-sector employees outside the ordonnateur, comptable, and régisseur categories.
Companies that use AMF - Assurance Mutuelle des Fonctionnaires
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles1 record
AMF - Assurance Mutuelle des Fonctionnaires technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AMF - Assurance Mutuelle des Fonctionnaires partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- AFCM (Association Française de Cautionnement Mutuel)coreHistorical partner of AMF since 1936. AFCM organizes cautionnement (surety bonds) for Comptables publics under direct supervision of the Ministry of Finance. AMF works closely with AFCM to determine guarantees protecting public accountants and monitors evolution of position classification and cautionnements.
- MatmutcorePartnership agreement signed in 2000. Matmut offers complementary insurance solutions (MPAP) to public agents. In 2007, AMF Assurances was created as a joint subsidiary with Matmut. AMF is affiliated to SGAM MATMUT since January 1, 2019.
- UNCCAS (Union Nationale des Centres Communaux d'Action Sociale)corePartnership signed in November 2023 at the Salon des Maires et des Collectivités Locales between Lionel Le Gall (AMF President) and Eric Signarbieux (UNCCAS Delegate General). UNCCAS represents communal elected officials responsible for social affairs and their CCAS/CIAS.
- AJI (gestion pour l'éducation)minorProfessional national association of intendancy staff of French public educational establishments, created in 1989.
- SERVIR Alumni de l'ENA et de l'INSPminorAlumni association of ENA (École Nationale d'Administration), created October 26, 1947. Includes 7,500 French alumni and 3,500 foreign or specialized master's degree holders.
- ADGCF (Association des directeurs généraux des communautés de France)minorAssociation of general directors of communities of France, created in 1992, bringing together nearly a thousand executive leaders of intermunicipal structures.
- ACCP (Association des Conseillers aux décideurs locaux et des Comptables Publics)minorAMF collaborates closely with ACCP to organize the defense of accountants who are implicated, along with other accounting associations (AAC, ADAFIP).
- Espac'EPLE (Entraide et Solidarité Professionnelle des Agents Comptables d'Établissements Publics Locaux d'Enseignement)minorAssociation grouping financial managers of public middle and high schools in French national education.
- ADAFIP (Association des Administrateurs des Finances Publiques)minorAMF collaborates closely with ADAFIP to organize the defense of accountants who are implicated, along with other accounting associations.
- VIANA (Société de Groupe d'Assurances)coreAMF became the reference insurer for professional risk (Comptables, etc.) and member of the VIANA insurance group company in 2009, before joining SGAM MATMUT in 2019.
- SGAM MATMUTcoreAMF has been affiliated to SGAM MATMUT since January 1, 2019. Within this group, AMF is responsible for developing 'Professional Risks Insurance of Public Agents'. AMF is also a member of FFA (Fédération Française de l'Assurance) and AAM (Association des Assureurs Mutualistes).
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
AMF - Assurance Mutuelle des Fonctionnaires competitors and assessment
Company assessmentBroad incumbents
- CNP Assurances: CNP Assurances is a major French life and personal-protection insurer with strong public-sector distribution through partnerships. Comparable as a French incumbent with significant civil-servant customer access and bancassurance-led distribution complementary to AMF's mutualist channel.
- MACIF: MACIF is a major French mutual insurer covering personal, property, and professional risks for individuals and small businesses. Comparable to AMF in mutual governance and member-led structure, though serving a much broader (non-public-sector) member base.
- MAIF: MAIF is one of France's largest mutual insurers, providing property, liability, and personal insurance to educators and public-sector professionals. It overlaps with AMF's public-employee customer base and mutualist governance model, though it operates as a broad-line insurer.
- Allianz France: Allianz France is a large generalist insurer (part of Allianz Group) offering motor, home, health, and commercial insurance including professional liability for public-sector managers. Comparable as a potential broad-line competitor that could target the post-2023 reform Ordonnateur segment.
- Groupama: Groupama is a leading French mutual insurance group with strong penetration in rural, local-authority, and agricultural markets. Comparable as a French mutualist incumbent with significant public-sector and local-collective client overlap, and overlapping distribution via regional mutuals.
- AXA France: AXA France is a leading general insurer offering property, casualty, and professional liability coverage, including solutions for public-sector and corporate officials. Comparable as a major French incumbent with D&O and professional liability product capability that could contest AMF's niche.
- Matmut: Matmut is AMF's parent group (SGAM MATMUT) and a major French mutual insurer offering auto, home, health, and personal insurance. It is comparable as both a strategic partner and a broader mutualist incumbent that complements AMF's specialist product (MPAP) with general public-agent insurance.
Emerging players
- Beazley: Beazley is a UK-listed specialty insurer with deep expertise in D&O, professional liability, and public-entity cover. Comparable to AMF in the D&O-style coverage AMF explicitly modeled APICO on, though operating internationally and not via a mutualist model.
- Filhet-Allard: Filhet-Allard is a French corporate insurance broker with significant public-sector and local-authority practice. Comparable to AMF as a French market intermediary focused on specialty and public-entity risks, though operating as a broker rather than a risk carrier.
Direct peers
- SMACL: SMACL is a French mutual insurer specializing in liability and protection for local public-sector agents, elected officials, and their communities. It is the closest direct competitor to AMF in the French public-manager professional liability niche, particularly for territorial authorities and CCAS.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
AMF - Assurance Mutuelle des Fonctionnaires social profiles
Digital presenceAMF - Assurance Mutuelle des Fonctionnaires financial estimates
Financial estimateRevenue estimate
Valuation estimate
AMF - Assurance Mutuelle des Fonctionnaires leadership team
Management profileNumber of profiles
Profiles2 records
AMF - Assurance Mutuelle des Fonctionnaires subsidiaries and ownership
Company hierarchySubsidiaries1 record
AMF - Assurance Mutuelle des Fonctionnaires funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AMF - Assurance Mutuelle des Fonctionnaires 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 AMF - Assurance Mutuelle des Fonctionnaires
What does AMF - Assurance Mutuelle des Fonctionnaires do?
AMF designs and distributes mutual insurance products that cover the personal financial liability and professional indemnity risks of French public-sector managers. Its core portfolio — APICO for ordonnateurs, APIC for public accountants, APIC for régisseurs, and MPAP for other public agents — protects members against the pecuniary consequences of errors, omissions, or financial irregularities committed in the exercise of their public financial duties. The company operates under mutualist governance (no speculative purpose, surpluses reinvested for members) and sells directly to individual public servants.
Is AMF - Assurance Mutuelle des Fonctionnaires a public or private company?
AMF - Assurance Mutuelle des Fonctionnaires is a private company. It is classified as corporate owned and is currently operating.
When was AMF - Assurance Mutuelle des Fonctionnaires founded?
AMF - Assurance Mutuelle des Fonctionnaires was founded in 1936. It employs 11 to 50 people.
Where is AMF - Assurance Mutuelle des Fonctionnaires based?
AMF - Assurance Mutuelle des Fonctionnaires is headquartered in Paris, France, in the Europe region.
How does AMF - Assurance Mutuelle des Fonctionnaires make money?
One revenue line is on record: insurance Premiums.
Who are AMF - Assurance Mutuelle des Fonctionnaires's main competitors?
Broad incumbents on record are CNP Assurances, MACIF, MAIF, Allianz France, Groupama, AXA France and Matmut. Emerging players are Beazley and Filhet-Allard. SMACL is listed as a direct peer.
Does AMF - Assurance Mutuelle des Fonctionnaires have an API?
No public API is recorded for AMF - Assurance Mutuelle des Fonctionnaires.
What industry is AMF - Assurance Mutuelle des Fonctionnaires in?
AMF - Assurance Mutuelle des Fonctionnaires's product category is Mutual Insurance. Its primary akta.pro industry code is FSAJAGAD, Management Liability (D&O/EPL/Fiduciary). Its NAICS code is 524 and its SIC code is 6399.