MPL Seguros

What MPL Seguros does

MPL Seguros is a privately held insurance brokerage firm domiciled in Honduras, operating across three offices in Tegucigalpa, San Pedro Sula, and Choluteca. The firm is family-led, with President Marcelo Pedemonte and Director General Gerardo Sarmiento, and claims four generations of trajectory in the Honduran market. It does not underwrite risk; instead, it acts as an intermediary placing individual and corporate clients with a panel of global and local insurance carriers and earning brokerage commissions on resulting premiums.

The firm distributes nine core insurance products spanning personal lines (life, medical, personal accident, auto) and commercial lines (transport, electronic equipment, civil liability, all-risk construction/montaje, fire, plus collective/group variants for HR-driven benefits). Pricing is not publicly disclosed and is tailored per client, with policies available in both Honduran Lempiras and US Dollars. The core technology stack is not proprietary; the company references generic technology-enabled administrative tooling to facilitate client procedures but offers no app, API, or platform.

Revenue is generated almost entirely through recurring brokerage commissions on premiums placed with insurance company partners, supplemented by adjacent services such as 24/7 telephone assistance, premium billing and collection, claims-loss studies, and risk-administration consulting. The go-to-market is sales-led, primarily direct through the office network, with light content-marketing support via a corporate blog. Customer mix spans individuals (persona) and small-to-mid enterprise clients across construction, consulting, and project development.

Name

MPL Seguros

Legal name

MPL Seguros

Website

https://mplseguros.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

MPL Seguros is a family-led Honduran insurance brokerage placing personal and corporate policies (life, medical, auto, fire, transport, civil liability, all-risk construction, electronic equipment) with global and local carriers across three offices in Tegucigalpa, San Pedro Sula, and Choluteca, earning commissions on premiums.

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), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Commercial Auto & Fleet Insurance (FSAJAMAB), Construction Specialty (Wrap-Ups/Builders Risk/Contractors) (FSAJAGAH), Marine & Aviation Insurance (FSAJAMAI)

Keywords

• Insurance brokerage
• Personal insurance
• Corporate insurance
• Group insurance
• Claims management

Headquarters

HQ city

Tegucigalpa

HQ country

Honduras

HQ region

Latin America

Offices3 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 Brokerage Commissions: As an insurance brokerage firm, MPL Seguros earns commissions from insurance companies for placing and managing insurance policies for clients. Revenue is generated through premiums collected on behalf of insurer partners, with MPL receiving a percentage as brokerage fees.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

MPL Seguros is an insurance brokerage firm operating as a multi-product insurance intermediary in Honduras. It places both personal insurance policies (life, medical, personal accident, auto) and commercial insurance policies (transport, electronic equipment, civil liability, all-risk construction and assembly, fire) with insurance underwriting partners, supplemented by collective/group insurance solutions, risk administration services, loss studies, premium billing and collection, and 24/7 telephone assistance. The firm earns commissions from insurer partners rather than underwriting risk itself.

Product overview

MPL Seguros is an insurance brokerage firm operating as a multi-product insurance platform offering both personal and corporate insurance products. The portfolio includes nine core insurance products: Seguro de Vida (life insurance), Seguro Médico (medical/health insurance), Seguro de Accidentes Personales (personal accident insurance), and Seguro de Auto (auto insurance) for individuals; plus Seguro de Transporte (transport/marine insurance), Seguro de Equipo Electrónico (electronic equipment insurance), Seguro de Responsabilidad Civil (civil liability insurance), Seguro Todo Riesgo Construcción y Montaje (all-risk construction insurance), and Seguro de Incendio (fire insurance) for businesses. The company also provides collective/group insurance solutions for businesses to cover employees. Technology solutions are offered to help business HR departments access insurance information efficiently.

Differentiator

Problem solved

Functional benefit

Products and services

• Seguro de Vida (Life Insurance) Life insurance offering financial protection for beneficiaries in the event of the policyholder's death, with additional benefits including accidental death double indemnity, triple indemnity for qualified accidents, and coverage for serious illness advance payment. Targeted at individuals and families.
• Seguro Médico (Medical Insurance) Medical insurance covering death benefits, permanent disability income, temporary disability payments, and accident medical expenses, with optional coverage for spouse and minor children. Targeted at individuals and families, also offered as a collective policy for corporate HR departments.
• Seguro de Accidentes Personales (Personal Accident Insurance) Personal accident insurance with 72-hour coverage after policy acquisition, providing medical expense reimbursement for accidental injuries, accidental death benefits, and optional PORSALUD clinic attention without deductible or co-insurance. Targeted at individuals, also offered as a collective policy for corporate HR departments.
• Seguro de Auto (Auto Insurance) Vehicle insurance covering collisions, third-party damages, glass breakage, theft and total loss, medical expenses for occupants, with Central American coverage and road assistance. Available for light vehicles, heavy vehicles, business fleets, and motorcycles. Sold to both individuals and corporate clients.
• Seguro de Transporte (Transport Insurance) Transport insurance protecting merchandise from origin to destination, covering risks including fire, lightning, plane crash, auto-ignition, collision, overturning, bridge damage, grounding, vessel sinking, partial or complete cargo theft, water damage, stains, oxidation, and breakage. Targeted at businesses moving goods.
• Seguro de Equipo Electrónico (Electronic Equipment Insurance) Electronic equipment insurance protecting devices against accidental damage, robbery and vandalism, fires and natural disasters, electrical failures, with worldwide coverage. Targeted at businesses using electronic equipment.
• Seguro de Responsabilidad Civil (Civil Liability Insurance) Civil liability insurance protecting personal and business assets from legal claims and third-party damages, covering premises and operations, products, errors and omissions, directors and managers, employer liability, and contamination. Targeted at businesses and professionals.
• Seguro Todo Riesgo Construcción y Montaje (All-Risk Construction and Assembly Insurance) All-risk construction and assembly insurance providing comprehensive protection for construction projects including material damage, civil liability, equipment and machinery replacement, additional expenses, debris removal, and legal costs. Targeted at construction firms and developers.
• Seguro de Incendio (Fire Insurance) Fire insurance covering material damage and losses caused directly by fire from fortuitous causes or lightning, with seven additional allied coverages including explosion, riot, malicious damage, earthquakes, aircraft crash, flooding, and hurricane. Targeted at businesses and property owners.

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Insurance Company Partners (Global)coreOthersMPL Seguros works with global insurance company partners to provide international coverage options. The company logo section shows multiple unnamed global partner logos.
• Insurance Company Partners (Local)coreOthersMPL Seguros works with local/regional insurance company partners to provide coverage within Honduras. The logo section shows multiple unnamed local partner logos.

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Willis Towers Watson: Global advisory and insurance brokerage with operations across Latin America. Comparable as a broker placing commercial insurance, construction all-risk, and group benefits for corporate clients.
• Arthur J. Gallagher & Co. Major US-headquartered insurance brokerage with international reach. Comparable as a multi-line commercial broker serving mid-market and enterprise clients across property, casualty, and specialty lines.
• Marsh & McLennan: Global insurance brokerage and risk advisory giant with a Central American presence. Comparable as a multi-line commercial insurance intermediary serving corporate clients with advisory-driven placement.
• Aon: Global insurance brokerage and risk management firm operating across Latin America. Comparable as a large-scale broker offering commercial property/casualty, construction, transport, and group benefits placement.

Regional players

• Seguros G&T Continental: Guatemala-based insurance group operating in Northern Central America. Comparable as a regional multi-line insurer/broker competing for the same cross-border commercial accounts in the Central American corridor.
• MAPFRE: Spanish-headquartered global insurer with a significant direct presence in Honduras and across Central America. Comparable as a provider of auto, fire, transport, and civil liability insurance in MPL's home market, both through direct channels and partner brokers.
• Pan-American Life Insurance Group: Life, health, and accident insurer with deep Latin American footprint. Comparable as a provider of group life, medical, and accident products — overlapping with MPL's collective insurance offerings for HR departments.
• ASSA Compañía de Seguros: Panama-headquartered insurance group operating across Central America. Comparable as a regional multi-line carrier and intermediary competing for the same corporate and individual clients as MPL in Honduras and adjacent markets.

Direct peers

• HUB International: Large North American insurance brokerage built via roll-up of regional brokerages. Comparable as a multi-line intermediary leveraging carrier relationships to serve commercial and personal clients — relevant as a model MPL could follow regionally.
• Lockton: Largest independent insurance brokerage globally. Highly comparable as a privately held, multi-line insurance broker operating through a relationship-driven advisory model, similar in structure to MPL though at vastly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mpl-seguros

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 MPL Seguros