COMERCIAL GESTORA CORREDURIA DE SEGUROS SA

What COMERCIAL GESTORA CORREDURIA DE SEGUROS SA does

Comercial Gestora Correduria de Seguros SA, operating commercially as Cogesa, is an independent Spanish insurance brokerage founded in 1917 and headquartered in Barcelona with additional offices in Madrid and Terrassa. The firm analyzes client risks and negotiates coverage terms with insurance carriers on behalf of corporates, SMEs, individuals, and expatriate residents in Spain, generating revenue through commissions on placed insurance premiums. Its service portfolio spans commercial lines (property damage and business interruption, civil liability, environmental liability, D&O, machinery breakdown, vehicle fleets, credit and surety, cyber, construction all-risk and ten-year, transport, and employee benefits) and personal lines (home, auto, health, accident, life and pensions, legal defense, and travel), with international program placement delivered through its WING and WBN network memberships covering 100+ countries.

The firm is staffed by 11 named specialist division heads across engineering, legal, economics, and actuarial disciplines, and its quality management system is certified to ISO 9001 by DEKRA. A dedicated Cogesa Expats sub-brand provides multilingual advisory in Dutch, English, Swedish, Norwegian, Italian, and Bulgarian through a separate portal at cogesaexpats.es. The business model is sales-led: clients are sourced via direct outreach, the corporate website, referrals from WING and WBN partner brokers, and in-person or remote consultations at the three offices, with no intermediary reseller layer. Pricing is quote-based and varies by coverage and risk profile, and contracts are typically multi-year.

The company is privately held with no disclosed funding rounds, parent company, subsidiaries, or M&A activity. Its strategic positioning rests on three pillars: a century-old independent brand, access to international broker networks for cross-border placements, and an in-house multidisciplinary specialist team — and it does not currently market proprietary technology, AI capabilities, or digital self-service distribution as differentiators.

Name

COMERCIAL GESTORA CORREDURIA DE SEGUROS SA

Legal name

COGESA

Website

https://cogesa.com

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

1–10 employees

Short description

Cogesa is a privately-held, independent Spanish insurance brokerage founded in 1917, headquartered in Barcelona with offices in Madrid and Terrassa. It places commercial, personal, and expat insurance for corporates, SMEs, and individuals, and accesses 100+ countries via the WING and WBN broker networks.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Trade Credit Insurance Brokerage (FSAEADAL)

Keywords

• Insurance brokerage services
• Commercial insurance solutions
• Personal insurance coverage
• International insurance programs
• Risk management consulting

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance brokerage commissions: Revenue generated through commissions from insurance products placed with insurance providers. As an independent brokerage, they analyze risks and negotiate optimal coverage terms with insurers on behalf of clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

COGESA is an independent insurance brokerage founded in 1917 that analyses risks, negotiates coverage with insurance providers, and places tailored insurance policies on behalf of corporate and individual clients. The company offers a multi-segment portfolio including industrial risks, SME, international programs, personal lines, and multilingual expat advisory services across offices in Barcelona, Madrid, and Terrassa, with reach extended to 100+ countries via the WBN and WING networks.

Product overview

Cogesa operates as a Global Insurance Brokerage platform offering a comprehensive portfolio of insurance products and services. The offering is structured as a multi-segment service covering Large Company, SME (Small and Medium Enterprises), International, Individual/Personal, and Expat client segments. The core services include Property Damage, Civil Liability, Environmental Responsibility, D&O, Machinery Breakdown, Vehicle Fleets, Credit and Surety, Cyber Risks, Transport, and Employee Benefits. For individuals, Cogesa provides Home, Business, Communities, Cars, Health, Accidents, Life/Retirement, Legal Defense, and Travel Assistance insurance. International coverage is delivered through WBN and WING broker networks spanning 100+ countries. The company also offers specialized expat services with multilingual support. All offerings are delivered with ISO 9001 certified quality management processes.

Differentiator

Problem solved

Functional benefit

Brands

• Cogesa Expats: Multilingual insurance services for expatriates in Spain, offering advisory in Dutch, English, Swedish, Norwegian, Italian, and Bulgarian.

Products and services

• Property Damage and Loss of Profits Insurance Custom protection for physical assets including loss of profit arising from unforeseen operational stoppages, designed for businesses requiring material damage and business interruption coverage.
• Civil Liability Insurance Coverage for damages caused to third parties arising from a business's activity, protecting companies against third-party claims from customers, suppliers, or the public.
• Environmental Responsibility Insurance Comprehensive coverage addressing environmental liability risks associated with potentially polluting business activities.
• Directors and Officers (D&O) Insurance Protection for company administrators and senior executives against professional claims arising from management decisions, covering legal costs and damages.
• All Risk Assembly and ALOP Insurance Combined coverage for damage to machinery during assembly plus economic loss due to delays (Advance Loss of Profit).
• Machinery Breakdown Insurance Tailored insurance coverage for damage to light and heavy industrial machinery, protecting equipment assets.
• Vehicle Fleets Insurance Flexible corporate fleet coverage with configurable protection levels adaptable to fleet size and risk profile.
• Credit and Surety Insurance Solutions protecting against losses from credit risks, including trade credit insurance and surety bonds for business operations.
• Cyber Risks Insurance Prevention, protection, and information coverage against cyberattacks, including incident response and data breach recovery services.
• TRC and Ten-Year Insurance Coverage for damage during construction plus structural defects for ten years, as required by Spanish construction law.
• Transport Insurance Flexible products covering transport of goods and machinery, including cargo in transit and transport-related liabilities.
• Employee Benefits Services Social security and benefits plans including actuarial consulting, helping companies design and manage employee benefit programs.
• SME Insurance Solutions Comprehensive insurance package for small and medium-sized enterprises, delivering the same coverage scope as large-corporate offerings adapted to SME scale and budget.
• International Insurance Programs International risk coverage and program design delivered through WBN and WING broker networks, providing service in over 100 countries for companies with global operations.
• Home Insurance Home insurance with customizable coverage options for residential property owners and tenants.
• Automobile Insurance Vehicle insurance for cars, motorcycles, and other vehicles with coverage options adapted to individual driver needs.
• Health Insurance Custom private health insurance providing access to private medical services for individuals and families.
• Life, Retirement and Pensions Insurance Protection for loved ones in case of retirement, death, or disability, including life insurance and pension planning services.
• Personal Accidents Insurance Personal accident coverage providing family support in the event of unforeseen accidents, including disability and injury protection.
• Communities Insurance Tailored protection for buildings, homeowner communities, and neighbours covering shared property and common-area risks.
• Personal Business Insurance Coverage adapted to small business owners and entrepreneurs, tailored to specific business activity types.
• Legal Defense Insurance Legal assistance coverage including lawyer fees and court costs in the event of any legal claim.
• Travel Assistance Insurance Travel insurance covering unforeseen events during trips regardless of destination, including medical emergencies and trip interruption.
• Expat Insurance Advisory Services Multilingual insurance advisory for expatriates living in Spain, delivered by native-speaking advisors in Dutch, English, Swedish, Norwegian, Italian, and Bulgarian.
• Claims Management Services Handling and processing of insurance claims for clients across all product lines, managed by the dedicated Claims function.

Quantifiable outcome

• ISO 9001 certified quality management processes for consistent risk analysis and management

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

Three partnerships are on record, tiered core, flagship and minor.

• WBN (Willis Bros Network)coreStrategic or Co-development Partner · 1 January 2004COGESA has been the official representative of WBN in Spain since 2004. This partnership complements WING membership and extends international coverage capabilities, allowing COGESA to advise clients with international business on implementations and address needs from the origin.
• WING (World Insurance Network Group)flagshipStrategic or Co-development Partner · 1 January 1990COGESA is a founding member of WING since 1990, one of the major international insurance broker networks. This partnership provides access to insurance solutions in over 100 countries and enables COGESA to serve multinational clients with local expertise worldwide.
• Leading Brokers UnitedminorStrategic or Co-development PartnerMember of Leading Brokers United network, a global association of leading insurance brokers providing mutual support and collaboration opportunities.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Aon: Aon plc operates a global insurance brokerage and advisory franchise with a strong Iberian presence across commercial risk, reinsurance brokerage, and risk management. Comparable to COGESA as a competitor in commercial insurance placement and risk advisory for Spanish mid-market and large accounts.
• Howden: Howden is a fast-growing international insurance broker with an expanding Iberian presence. Comparable to COGESA as an independent broker competing in commercial and specialty insurance placement for mid-market and large accounts in Spain.
• Willis Towers Watson: WTW is a global advisory and brokerage firm with significant Spanish operations spanning commercial insurance placement, risk management, and reinsurance. Directly comparable to COGESA in commercial insurance brokerage for mid-sized and large corporate clients in Spain.
• Brown & Brown: Brown & Brown is a US-headquartered insurance brokerage with growing European operations serving commercial and specialty clients. Comparable to COGESA in commercial insurance brokerage, particularly for property, casualty, and specialty placements on behalf of mid-sized companies.
• Marsh: Marsh (part of Marsh McLennan) is the world's largest insurance broker with established Spanish operations offering commercial risk placement, risk advisory, and claims services across all major lines. Directly comparable to COGESA as a competitor for Spanish commercial insurance accounts, particularly in industrial and multinational programs.
• Lockton: Lockton is the world's largest independent insurance broker, with European operations serving commercial clients across multiple lines. Closely comparable to COGESA as an independent broker offering tailored commercial insurance placement, especially for complex industrial risks.
• Acrisure: Acrisure is a rapidly scaling global insurance brokerage with European operations. Comparable to COGESA as a broker offering commercial insurance placement across multiple lines and competing for the same Spanish and European mid-market and enterprise clients.
• Arthur J. Gallagher: Arthur J. Gallagher & Co. is a global insurance brokerage and risk management firm with established European and Spanish operations. Directly comparable to COGESA in commercial insurance placement for mid-market and large corporate clients across property, casualty, and specialty lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/comercial-gestora-correduria-de-seguros-sa

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 COMERCIAL GESTORA CORREDURIA DE SEGUROS SA