Lorica Assurances

What Lorica Assurances does

Lorica Assurances (legal name Lorica Conseil) is a privately held insurance brokerage firm headquartered in Lomé, Togo, operational since at least May 2020. The company operates as an intermediary between clients and insurance carriers, advising individuals, professionals, and informal-sector households across all major insurance branches — fire and property damage, automobile, bodily injury, health, technical risks, civil liabilities, transport, and life/savings products. Lorica also develops and distributes its own branded products, most notably the Ahoefa family health line in four tiers (Solidarité, Sécurité, Confort, Sérénité) priced from 50,000 to 350,000 XOF per adult per year, and an index-based agricultural drought microinsurance ("Microassurance agricole sécheresse") that uses satellite and national meteorology data to trigger payouts.

The firm earns revenue through brokerage commissions on placed policies and through its inclusive-insurance initiatives targeting low-income and informal-sector customers underserved by traditional carriers. Its go-to-market combines direct advisory at its Lomé headquarters (Rue Doufelgou, Atikpa), a website-based quote-request funnel for both individuals and legal entities, and a Facebook channel for brand presence. The customer base is segmented into Individuals (auto, home, funeral, education savings, death savings, accident-invalidity), Professionals/Businesses (multi-risk professional, professional liability, group health, group death, career-end indemnities), and Microinsurance clients (agricultural drought index cover and health microinsurance for farmer groups). Pricing across the Ahoefa tiers and microinsurance products is annual and subscription-based in West African CFA franc (XOF), with children priced lower than adults and progressive annual/family ceilings scaling with tier. The firm has no disclosed funding, no public-company status, and a small team of approximately 10 employees, reflecting an early-stage, founder-led brokerage with a deliberate focus on inclusive insurance in a single domestic market.

Name

Lorica Assurances

Legal name

Lorica Conseil

Website

https://loricaconseil.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Lorica Assurances (Lorica Conseil) is a Togo-based insurance brokerage offering multi-branch advisory and portfolio management to individuals, professionals, and informal-sector clients, including the Ahoefa health line and microinsurance for farmers.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

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

SIC

Insurance Agents, Brokers & Service (6411), Accident & Health Insurance (6321), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Insurtech-Enabled Brokerage (Digital Brokers & Aggregators) (FSAEADAN)

akta.pro secondary industries

Individual Health Insurance Brokerage & Distribution (FSAIAEAL), Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH)

Keywords

• Insurance brokerage
• Microinsurance products
• Health insurance plans
• Agricultural drought insurance
• Employee benefits coverage

Headquarters

HQ city

Lomé

HQ country

Togo

Offices1 record

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 Brokerage Commissions: Lorica Conseil acts as an insurance broker, earning commissions from insurance companies for placing policies. The company advises clients on optimal insurance portfolios and negotiates with insurance companies for the best guarantees at minimum cost.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Lorica Assurances operates as an insurance brokerage firm providing advisory and portfolio management services across all major insurance branches including fire/property, automobile, health, technical risks, civil liability, transport, life and savings. It distributes individual, professional, and microinsurance products, including its branded Ahoefa family health plans and innovative microinsurance solutions for low-income households and farmers in Togo.

Product overview

Lorica Assurances (Lorica Conseil) is an insurance brokerage firm based in Lomé, Togo, offering a comprehensive portfolio of insurance products and advisory services. The company provides individual and group health insurance through its branded 'Ahoefa' formula tier (Solidarité, Sécurité, Confort, Sérénité), personal lines insurance (auto, home, funeral, education savings, death savings, accident-invalidity), commercial insurance (multi-risk professional, professional liability), employee benefits (group health, group death, career end indemnities), and inclusive microinsurance solutions for informal sector workers and farmers (agricultural drought, health microinsurance). Lorica positions itself as an insurance advisor helping clients optimize their insurance portfolios and access innovative products for low-income households.

Differentiator

Problem solved

Functional benefit

Brands

• Ahoefa: A family health insurance product line offered by Lorica Conseil, available in four tiers: Solidarité, Sécurité, Confort, and Sérénité, with annual premiums ranging from XOF 50,000 to XOF 350,000 for adults.
• Microassurance Agricole 'Sécheresse'
• Microassurance Santé

Products and services

• Ahoefa Solidarité Entry-level family health insurance plan covering 80% reimbursement at partner public health centers, including consultations, medications, basic medical analyses, hospitalization, and maternity care (prenatal consultations, natural births, cesarean sections). Priced at XOF 50,000/year for adults and XOF 40,000/year for children, with annual ceiling of XOF 300,000 per insured and XOF 500,000 per family.
• Ahoefa Sécurité Mid-tier family health insurance plan building on Solidarité by adding dental care and extending coverage to both public health centers and private clinics. Priced at XOF 100,000/year for adults and XOF 80,000/year for children, with annual ceiling of XOF 1,000,000 per insured and XOF 2,000,000 per family.
• Ahoefa Confort Upper mid-tier family health insurance plan that adds dental prosthetics, child orthodontics (under 12), optical care (treatments and glasses), physiotherapy, functional rehabilitation, orthopedic equipment, and prosthetics to the Sécurité coverage. Priced at XOF 250,000/year for adults and XOF 200,000/year for children, with annual ceiling of XOF 2,000,000 per insured and XOF 4,000,000 per family.
• Ahoefa Sérénité Premium family health insurance plan offering all Confort benefits plus international medical evacuation coverage including air transport and overseas medical and hospitalization expenses within annual limits. Priced at XOF 350,000/year for adults and XOF 250,000/year for children, with annual ceiling of XOF 3,000,000 per insured and XOF 5,000,000 per family.
• Assurance Auto Mandatory automobile/motorcycle liability insurance covering material and bodily damages caused to third parties including passengers, with optional coverage for damages to the insured vehicle from accidents. For individual vehicle owners in Togo.
• Assurance Multirisque Habitation Multi-risk home insurance protecting dwellings and contents against fire, natural disasters, water damage, theft, vandalism, electrical damage, vehicle impacts, and family civil liability. For individual homeowners and tenants in Togo.
• Assurance Funérailles Funeral insurance providing immediately available death capital to cover funeral expenses, sparing family members from financial burden at the time of death. For individual policyholders and their beneficiaries in Togo.
• Assurance Épargne-Études Education savings insurance guaranteeing funds for children's higher education or business launch, protecting the child's future by minimizing the financial impact of the policyholder's death or disability. For parents and guardians planning for their children's education in Togo.
• Assurance Épargne-Décès Death savings insurance serving as a privileged savings vehicle with favorable tax treatment, enabling capital or annuity payment to designated beneficiaries upon the policyholder's death before the contract term. For individual savers and estate planners in Togo.
• Assurance Accidents-Invalidité Individual accident insurance covering accidents during travel, private life, workplace incidents, lightning and electrical incidents, and infectious inoculations from insect or animal bites, with medical expense reimbursement and capital payment based on sequelae. For individual policyholders in Togo.
• Assurance Multirisque Professionnelle Comprehensive professional multi-risk insurance combining property and liability coverage for businesses, including civil liability, all-risk computer and electronics, business interruption, theft, vandalism, natural disasters, and fire. For Togolese businesses, entrepreneurs, artisans, and merchants.
• Assurance Responsabilité Civile Professionnelle Professional civil liability insurance protecting against damages caused to clients or contractors due to factual or legal errors, faults, or omissions in the course of contractual obligations. For Togolese self-employed professionals and service firms.
• Assurance Santé-Groupe Group health insurance covering medical consultations, pharmacy, hospitalization, biological analyses, MRI, maternity, optical, dental, orthodontics, physiotherapy, and functional rehabilitation for company staff and their dependents. For Togolese employers offering employee benefits.
• Assurance Décès-Groupe Group death insurance providing predetermined capital payments to deceased employees' beneficiaries, ensuring human and financial support to families during difficult times. For Togolese employers providing employee welfare coverage.
• Indemnités de Fin de Carrière Career-end indemnities (IFC) contract helping companies anticipate retirement severance obligations while benefiting from tax advantages, with contributions spread over time to avoid cash flow disruption. For Togolese employers with retirement obligations to staff.
• Microassurance Agricole 'Sécheresse' Agricultural drought microinsurance protecting farmers against crop losses from rainfall deficits measured by satellite and national meteorology data during crop reproduction periods, with compensation following predefined scales. For Togolese farmer groups and individual agricultural producers.
• Microassurance Santé Health microinsurance for agricultural groups providing affordable quality health coverage including basic care at partner public and semi-public health structures (consultations, pharmacy, nursing, and minor surgery). For Togolese agricultural cooperatives and informal-sector workers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Regional players

• Assurance Atlantique (Atlantic Group): West African insurance group headquartered in Côte d'Ivoire with operations across UEMOA countries; comparable to Lorica because it offers multi-line insurance (life, health, auto, property) to individuals and businesses in francophone West Africa through similar distribution channels.

Broad incumbents

• Sunu Assurances: Pan-African insurance group with significant presence in francophone West Africa; comparable to Lorica because it offers a full range of life and non-life products through broker and agency channels in markets like Togo.
• Marsh Africa: Global insurance brokerage and risk advisory firm operating across Africa; comparable to Lorica because both operate as intermediaries placing insurance coverage for clients, including commercial multi-risk, liability, and employee benefits.
• Allianz Africa: Global insurer with extensive African operations including West Africa; comparable to Lorica because it offers individual, group, and microinsurance products to consumers and businesses in markets overlapping with Lorica's Togolese client base.
• NSIA Assurances: Leading West African insurance group operating in multiple francophone African countries including Togo; comparable because it offers individual and corporate insurance (life, health, auto, property) and competes directly for the same Togolese client base that Lorica serves.
• AXA Côte d'Ivoire (AXA Africa): AXA's West African subsidiary offering individual, group, and microinsurance products across francophone Africa; comparable to Lorica because both serve individuals and businesses in the region with multi-line insurance including health, life, and property coverage.
• Saham Assurance / Sanlam Allianz: Large pan-African insurance group operating across multiple African markets; comparable because it offers health, life, and general insurance products through agency and brokerage models in Togo and the wider West African region.

Emerging players

• MicroEnsure (now MicroInsurance Centre / Opportunity International): Pioneer in microinsurance for emerging markets, with deep Africa operations including agricultural and health microinsurance; comparable to Lorica because it designs and distributes index-based and low-premium insurance products for low-income and informal-sector populations.
• OLEA Insurance: Digital insurance broker focused on African emerging markets offering health and life products via mobile channels; comparable to Lorica because both broker accessible insurance products to individuals and small businesses in francophone West Africa.
• BIMA Mobile (Milvik / BIMA): Mobile-delivered microinsurance provider operating across emerging markets including Africa; comparable to Lorica because it distributes low-premium, mobile-first insurance products (life, health, accident) to underbanked and informal-sector consumers in markets similar to Togo.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/loricaconseil
• LinkedInlinkedin.com/company/lorica-conseils

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 Lorica Assurances