CONDECA, S.A. DE C.V.

What CONDECA, S.A. DE C.V. does

CONDECA, S.A. DE C.V., operating commercially as CONDECA Seguros, is an independent insurance brokerage and risk management advisory firm based in Antiguo Cuscatlán, La Libertad, El Salvador. The company distributes insurance and surety products from multiple carriers — SISA, ASESUISA, ASSA, MAPFRE, and QUALITAS — and is regulated by the Superintendencia del Sistema Financiero under Professional Registration No. IVD-1315. CONDECA does not issue its own policies; instead, it functions as an intermediary, analyzing options across carriers, designing customized protection programs, and advocating for clients during claims.

The firm operates three product lines: Seguros de Personas (life and health coverage for individuals and families), Seguros sobre los Bienes (property, fleet, warehouse, and machinery coverage for businesses), and Fianzas (surety bonds supporting bids, contract execution, and commercial expansion). Underlying technology is limited to digital communication infrastructure — a website with contact forms, WhatsApp Business, email, and phone — rather than proprietary platforms or AI-driven tooling.

The business model is commission-based: CONDECA earns carrier commissions on placed policies and explicitly charges no additional advisory fees ("Cero Costo Adicional"). Go-to-market is consultative direct sales, targeting both consumer (individual/family) and enterprise (SMB and corporate) segments within El Salvador. The firm employs approximately 5 people and has operated for 30+ years, with management centralized under a Gerencia General function. No funding, M&A, or institutional ownership is disclosed.

Name

CONDECA, S.A. DE C.V.

Legal name

CONDECA, S.A. DE C.V.

Website

https://grupocondeca.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

CONDECA Seguros is an independent insurance brokerage in El Salvador that distributes life, health, property, fleet, and surety bond products from multiple carriers (SISA, ASESUISA, ASSA, MAPFRE, QUALITAS) to individuals, families, and businesses via consultative direct advisory sales.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Individual Health Insurance Brokerage & Distribution (FSAIAEAL)

akta.pro secondary industry

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

Keywords

• Insurance brokerage services
• Commercial insurance solutions
• Personal insurance products
• Surety bond services
• Risk management advisory

Headquarters

HQ city

Antiguo Cuscatlán

HQ country

El Salvador

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: CONDECA earns commissions from insurance companies (SISA, ASESUISA, ASSA, MAPFRE, QUALITAS) for placing insurance policies with their clients. As independent intermediaries, they analyze options across multiple carriers and negotiate on behalf of clients, earning commissions from the insurers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

CONDECA is an independent insurance brokerage and risk management advisory firm that analyzes and negotiates insurance products from multiple carriers (SISA, ASESUISA, ASSA, MAPFRE, QUALITAS) to design customized protection programs for clients. The company distributes three categories of coverage: life and health insurance for individuals/families and corporate personnel, property/asset insurance covering installations, fleets, warehouses, and machinery, and surety bonds for bidding, contracts, and commercial expansion. All offerings are delivered through consultative advisory interactions with no additional fees to the client.

Product overview

CONDECA Seguros operates as an independent insurance brokerage offering a portfolio of three core insurance products: Seguros de Personas (life and health insurance), Seguros sobre los Bienes (property and asset insurance), and Fianzas (surety bonds). The company does not offer standardized policies; instead, it analyzes all available options in the insurance market and designs customized protection programs for each client, backed by nearly 30 years of industry experience. The three products serve different protection needs—personal coverage, asset protection, and financial guarantees for business operations—unified by the company's advisory and risk management approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Seguros de Personas
• Seguros sobre los Bienes
• Fianzas

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• SISAcoreChannel Partner/ Reseller/ DistributorSISA is one of the major insurance carriers in CONDECA's network. As an independent broker, CONDECA offers SISA products alongside other carriers to provide clients with optimal coverage options and competitive pricing.
• ASESUISAcoreChannel Partner/ Reseller/ DistributorASESUISA is a leading insurance company in El Salvador that provides insurance products distributed through CONDECA's advisory network. CONDECA accesses ASESUISA products as part of their multi-carrier analysis process.
• ASSAcoreChannel Partner/ Reseller/ DistributorASSA is an insurance carrier in CONDECA's partner network. CONDECA offers ASSA products as part of their independent brokerage services, analyzing coverage options across multiple providers.
• MAPFREcoreChannel Partner/ Reseller/ DistributorMAPFRE is a global insurance company with presence in El Salvador, providing products through CONDECA's independent distribution network. CONDECA includes MAPFRE in their market analysis to find best coverage options.
• QUALITAScoreChannel Partner/ Reseller/ DistributorQUALITAS is an insurance carrier partnered with CONDECA for insurance product distribution. As part of CONDECA's 'Red de Confianza' (Trust Network), QUALITAS provides vehicle and property insurance solutions.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Broad incumbents

• Lockton: World's largest privately-held insurance brokerage, focused on mid-market and commercial clients. Comparable to CONDECA's consultative, relationship-led approach with commercial and personal lines, but operating globally with thousands of employees.
• Marsh: Global insurance brokerage and risk advisory leader with operations across Latin America. Comparable as the scaled, multi-carrier brokerage archetype that an independent El Salvador broker like CONDECA competes with for mid-market and corporate clients.
• Brown & Brown: US-headquartered insurance brokerage with diversified personal and commercial lines. Comparable as a multi-carrier intermediary that places coverage on behalf of clients, analogous in business model to CONDECA's independent broker role.
• Acrisure: Fast-growing global insurance brokerage and financial services platform. Comparable as a consolidator of independent agencies into a multi-carrier distribution platform, similar in business model to where CONDECA could scale.
• Aon: Global insurance and reinsurance broker with risk advisory services in Central America. Comparable to CONDECA in offering independent brokerage across multiple carriers and product lines, though at vastly larger scale and geographic reach.
• Gallagher: Global insurance brokerage and risk management firm with a strong retail broker network. Comparable to CONDECA as a multi-carrier intermediary placing personal, commercial, and specialty coverage, but operating at much larger scale and scope.
• HUB International: North American insurance brokerage with growing Latin America presence. Comparable as a mid-market-focused independent broker distributing across multiple carriers, mirroring CONDECA's go-to-market in personal and commercial lines.

Emerging players

• MAPFRE: Global insurance carrier with direct operations in El Salvador and one of CONDECA's core carrier partners. Comparable both as a partner and as a direct competitor via its own distribution channels in the Salvadoran market.

Direct peers

• Risk Strategies: US-focused specialty insurance brokerage serving individuals, families, and businesses. Closely comparable in model to CONDECA — a privately-held, relationship-driven, multi-carrier broker offering personal, commercial, and surety-like solutions.

Regional players

• ASSA Compañía de Seguros: Central American insurance carrier headquartered in Panama with operations across the region, including El Salvador. Comparable to CONDECA's market as a regional insurer and carrier partner whose products the broker distributes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/condeca-s-a--de-c-v-

Revenue estimate

Valuation estimate

Number of profiles

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 CONDECA, S.A. DE C.V.