Name

SEIB Insurance Ltd

Legal name

SEIB Insurance Ltd.

Website

https://seib.gr

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Related Activities (52429)

SIC

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

akta.pro primary industry

Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)

akta.pro secondary industries

Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD), Combined Critical Illness + Hospital Indemnity Policies (FSAIAKAC), Personal Accident Insurance (Injury, Disability & Income Benefit) (FSAJAJAD), Travel & Accident (Non-Life) Insurance (FSAJAMAN), Individual/Retail Critical Illness & Hospital Indemnity (FSAIAKAE)

Keywords

• Independent insurance brokerage
• Commercial insurance solutions
• Personal insurance coverage
• Health insurance programs
• Insurance risk intermediation

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Brokerage Commissions: As an independent insurance intermediary, SEIB Insurance earns commissions on insurance policies placed with various insurance carriers. The company does not represent a single insurance company but analyzes each client's needs and selects or shapes solutions from different insurance markets, Greek and international. Revenue is generated through commissions on new policy placements and renewals.
2. FlexibleHealth Insurance Premiums: FlexibleHealth is a proprietary hospital insurance program backed by Lloyd's of London, providing customizable health coverage with direct billing to major private hospitals in Greece. Premiums are collected through the program, offering combinations of deductibles and co-payments with various coverage options.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

SEIB Insurance Ltd operates as an independent insurance intermediary that analyzes each client's needs and selects or shapes insurance solutions from multiple Greek and international insurance markets. The company distributes personal insurance products (auto, home, health, travel, life, pension, specialty lines) and commercial insurance products (property, liability, professional indemnity, cyber, D&O, credit, cargo, group health) through a network of 1,300+ professional partners, with direct Lloyd's of London access for complex and non-standard risks. Its flagship offering is the AI-powered FlexibleHealth health insurance program with over 1,500,000 coverage combinations.

Product overview

SEIB Insurance Ltd is an independent insurance broker offering a comprehensive portfolio of personal and commercial insurance solutions. The product portfolio is organized into two main categories: Solutions for Individuals (including auto, home, health via FlexibleHealth, travel, and specialty lines like boats, drones, bicycles, and valuable items) and Solutions for Businesses (including property, civil liability, professional liability, cyber insurance, group health programs, and specialized coverages). The flagship product is FlexibleHealth, an AI-powered flexible health insurance program with over 10 years in the Greek market offering customizable hospital coverage with access to private hospitals without upfront payment. The company supports its products through digital platforms including the SEIB Portal and FlexibleHealth Portal, leveraging technology and artificial intelligence for coverage customization and portfolio management.

Differentiator

Problem solved

Functional benefit

Products and services

• FlexibleHealth AI-powered flexible health insurance program offering customizable hospital coverage in Greece and internationally, with access to major private hospitals without upfront payment. Allows policyholders to adjust coverage combinations, participation rates, and limits to fit their budget. Over 10 years in the Greek market with over 1,500,000 coverage combinations and 100% Lloyd's of London coverage.
• Auto Insurance Vehicle insurance programs ranging from basic mandatory civil liability coverage to comprehensive protection packages including theft, fire, natural hazards, glass breakage, own damage, and legal protection, for private vehicle owners.
• Roadside Assistance 24/7 immediate support service covering breakdowns, immobilization, accidents, towing, and technical support within and outside city limits for vehicle owners.
• Fire - Home - Property Insurance Comprehensive home and personal property protection against risks including fire, earthquake, flood, weather events, theft, and vandalism, adaptable to primary, secondary, or rental properties, for homeowners and tenants.
• Health & Medical Care Health insurance programs providing hospital coverage and medical care access, with the FlexibleHealth program offering over 10 years of service and thousands of insured members, for individuals and families seeking medical coverage.
• Travel Insurance Coverage for trip cancellations, baggage loss, delays, emergency medical incidents, and repatriation for domestic and international travel, for individual travelers and families.
• Recreation Boat Insurance Customized coverage for speedboats, sailing yachts, and other private vessels, protecting only against risks that actually concern the vessel's use and value, for boat owners.
• Bicycle Insurance Coverage for both urban and sports use, protecting against theft, damage, and cyclist civil liability, for bicycle owners.
• Drone Insurance Civil liability insurance for UAS/drone operation and use, covering bodily injury and property damage to third parties in compliance with legislation, for drone operators.
• Personal Accident Insurance Coverage for death, permanent or temporary disability, and medical expenses due to accidents, adapted to the insured's lifestyle, for individuals.
• Legal Protection for Individuals Coverage for legal expenses and support in traffic, consumer, and civil disputes, providing security against bureaucracy, for individuals facing legal matters.
• Life Insurance Protection for families and income security in case of death or serious disability, with option to link to loans, studies, or future obligations, for individuals and families.
• Pension Retirement planning with clear savings goals and predictable future income, for individuals planning for retirement.
• Investment Programs Programs combining life insurance with investment options, balancing protection and capital development, for individuals seeking investment-linked coverage.
• Savings Flexible savings plans for every life stage, from creating reserves to studies and retirement, for individuals seeking structured savings.
• Income Insurance Income protection in case of illness or accident that prevents work, creating a safety net for the family, for working individuals.
• Residential Photovoltaics Insurance Insurance for residential solar installations and modern energy production methods, protecting the investment, for residential solar PV owners.
• Art & Collections Insurance Coverage for loss, damage, and value reduction for private collections, galleries, and artworks, for collectors and gallery owners.
• Valuable Items Insurance Insurance for jewelry, precious metals, cash, and electronic equipment, at home and during transport, for owners of valuable personal property.
• Kidnapping & Ransom Insurance Specialized coverage for high-profile families, with confidentiality and international support, for high-net-worth individuals and families.
• Property Insurance (Business) Insurance solutions for protecting business buildings, facilities, equipment, inventories, and other business assets against fire, explosion, lightning, natural hazards, earthquake, flood, storm, machinery breakdown, electronic equipment breakdown, business interruption with loss of profits, malicious acts, and vandalism, for businesses.
• Civil Liability General Civil Liability, Employer Liability, Product Liability, and Umbrella coverage protecting against third-party claims for bodily injury, property damage, and pure financial loss. Includes Product Recall & Warranty, Medical Malpractice, Environmental Liability, Energy sector coverage, Hotel & Recreation coverage, and Telecommunications & Mining coverage, for businesses across industries.
• Professional Civil Liability Coverage for third-party claims due to errors, omissions, or negligence during professional activity. Covers advertisers, architects & engineers, auditors & accountants, lawyers, insurance brokers, IT & technology consultants, business consultants, real estate consultants, certification bodies & laboratories, PE/VC firms, multimedia services, intermediaries, travel agents, multi-insurance doctors & pharmacists, food service & catering, and technology companies.
• Cyber Insurance Cyber Edge and Cyber Resilience coverage protecting against data breaches & GDPR fines, ransomware & cyber extortion, system interruption, and legal & technical recovery expenses. Covers Internet risks for SaaS, fintech, e-commerce, and startups, Intellectual Property protection, and combined legal protection for commercial disputes, employment issues, and contractual disagreements, for businesses with digital exposure.
• Health | Group Programs Group health programs for employees with access to partner groups including EUROMEDICA and EUROCLINIKI, with option for family coverage, for employers offering employee benefits.
• Life, Pension, Investment | Group Programs Group life and pension benefit solutions with flexibility to adjust by hierarchical level and talent retention strategy, for employers.
• Travel | Group Programs Employee protection during business trips, relocations, shipping & crew, and maritime navigation, for businesses with traveling employees.
• Credit Insurance Trade credit insurance for protecting liquidity from customer insolvency and defaults, for businesses with trade receivables exposure.
• D&O Insurance Coverage for board members and senior executives against claims related to management decisions, corporate governance, and regulatory violations, for companies and their directors/officers.
• Renewable Energy & Photovoltaics (Commercial) Insurance for energy businesses and investors covering industrial & commercial photovoltaics, with continuous updates on technological developments and protection against physical, technical, and operational risks, for energy sector companies and investors.
• Cargo Transportation Coverage for cargo, oil, delay in start-up, shares, freight & logistics, human resources, vessel and engine, import-export transportation, domestic transportation, and country-to-country transfers. Solutions for multinational enterprises with complex supply chains, designed for shipping, commercial, and industrial companies with compliance to international practices & regulations.
• Conferences, Events, Concerts Insurance Event cancellation insurance due to unforeseen events, protecting organizers and sponsors from financial losses, for event organizers and sponsors.
• Film & Television Production Insurance Comprehensive production coverage including personnel, actors, equipment, films, costumes, money, civil liability, and weather delays, for film and television production companies.
• Horses Insurance Specialized coverage including full mortality, sterility & barrenness, transport, and prospective foals, for horse owners and breeders.

Quantifiable outcome

• 650,000+ insurance contracts managed with hundreds of successful customer claims management cases
• +2 more outcomes

Named customers2 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

AI capability5 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Lloyd's of LondoncoreStrategic or Co-development PartnerDirect strategic partnership with Lloyd's of London is a core pillar of SEIB's activities. Provides access to place complex and non-standard risks requiring high technical analysis and international experience. Enables the company to offer the FlexibleHealth program with 100% Lloyd's coverage, providing policyholders with the security and stability of the world's strongest insurance market.
• SEIB Group Companies (Script Ltd)coreTechnology or IntegrationScript Ltd is a member of the SEIB group of companies, responsible for the innovative insurance software design. Developed the AI-powered FlexibleHealth platform and the SEIBonline system used by partners. Provides the technological infrastructure supporting the company's digital operations.
• EUROMEDICAminorStrategic or Co-development PartnerGroup health program partner providing access to EUROMEDICA medical group facilities for corporate employees covered under SEIB's group health insurance programs.
• EUROKLINIKI (ΕΥΡΩΚΛΙΝΙΚΗ)minorStrategic or Co-development PartnerGroup health program partner providing access to EUROKLINIKI hospital facilities for corporate employees covered under SEIB's group health insurance programs.
• Multiple Greek Insurance Companies (Δυναμις, ΕΘΝΙΚΗ, ΕΥΡΩΠΗ, ΙΝΤΕΡΣΑΛΟΝΙΚΑ, ΥΔΡΟΓΕΙΟΣ, Generali, AIG, Allianz, Interamerican, Interasco, Interlife, Eurolife, Groupama, Hellas Direct, NN, and others)minorChannel Partner/ Reseller/ DistributorSEIB works with multiple Greek and international insurance companies as an independent intermediary. The company analyzes each client's needs and selects or shapes solutions from different insurance markets. These partnerships provide access to a wide range of insurance products for the company's distribution network.

Scale indicators5 records

Recent moves1 record

Emerging players

• Hellas Direct: Hellas Direct is a Greek digital-first insurance company specializing in motor and increasingly other P&C lines via direct online distribution. Listed as a SEIB carrier partner, it represents the insurtech threat to traditional intermediation models in commodity lines.

Broad incumbents

• INTERAMERICAN: INTERAMERICAN is one of the largest Greek insurance carriers offering personal and commercial insurance products, listed among SEIB's distribution partners. It represents the incumbent carrier model SEIB competes against directly in the Greek retail and SME segments.
• NN Hellas: NN Hellas is the Greek subsidiary of NN Group, offering life, health, and pension products. It is a key SEIB distribution partner and a primary competitor in life and health categories where FlexibleHealth also operates.
• Eurolife ERB Insurance: Eurolife is a major Greek life and health insurer affiliated with Eurobank (a SEIB partner). It competes in bancassurance and directly with FlexibleHealth in individual health coverage, making it a relevant comparable in SEIB's flagship product category.
• Howden Broking Group: Howden is a global independent insurance broker with extensive European presence, including in Greece. It shares SEIB's intermediary-first model focused on complex and specialty risks, operating across commercial and personal lines through a partner-led distribution approach.
• Aon Greece: Aon is a global insurance and reinsurance broker with Greek operations serving large commercial clients with risk management, brokerage, and consulting services. It is comparable to SEIB in providing multi-carrier independent advice on complex risks.
• Allianz Hellas: Allianz operates in Greece as one of the largest global insurance carriers, with broad personal and commercial offerings. As a SEIB partner carrier, it competes through direct and tied-agent channels while distributing through intermediaries like SEIB for complex or specialty risks.
• Ethniki Insurance: Ethniki Insurance is a leading Greek insurance carrier with broad personal and commercial offerings. Listed among SEIB's carrier partners, it competes via direct distribution while also being distributed through SEIB's intermediary network.
• Marsh (Greece): Marsh is one of the world's largest insurance brokers and risk advisors with established Greek operations. It competes with SEIB for complex commercial placements, particularly specialty lines like cyber, D&O, and professional liability, but at significantly larger scale.
• Groupama Phoenix Insurance: Groupama operates in Greece as a multi-line insurance carrier offering personal and commercial products. As a SEIB distribution partner, it competes directly via its own captive sales force while also relying on intermediaries like SEIB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php?id=61576037531775&locale=el_GR
• LinkedInlinkedin.com/company/southeastern-insurance-brokers-ltd
• Instagraminstagram.com/seib.insuranceltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 SEIB Insurance Ltd