Patria S.a. De Seguros Y Reaseguros

What Patria S.a. De Seguros Y Reaseguros does

Patria S.A. de Seguros y Reaseguros is a Paraguayan multi-line insurance and reinsurance company founded on May 13, 1968, headquartered in Asunción. The company serves 56,000+ individual and commercial clients across seven core product lines: cyber risk (Riesgos Cibernéticos), combined household (Combinado Familiar/Hogar Protegido), life and personal accidents (Vida y Accidentes Personales), automobile (Automóviles), fire (Incendio), operational all-risk (Todo Riesgo Operativo), and surety bonds (Caución). It distributes through direct online sales, licensed agents and brokers, WhatsApp and telephone customer service, and the branch network of its parent Banco Continental SAECA, which acquired the company in December 2009.

The company's technology stack centers on a digital insurance platform enabling online policy purchase and a self-service insured portal for policy management, claims reporting, and digital document access. Policies are digitally signed and validated through Adobe Acrobat with trust certificates from Documenta SA and AC Raíz, and a separate cyber-incident assistance platform (Centribal) supports 24/7 cyber claims. Revenue is generated through recurring insurance premiums across personal and commercial lines, with portions ceded to a diversified panel of eight global reinsurers — Hannover Re, Beazley, Odyssey Re, MS Amlin, AXA, QBE Re, Liberty Mutual, and Hamilton — while Patria Re provides outbound reinsurance capacity.

Patria is privately held under Banco Continental SAECA, licensed under Paraguayan Law 6446/2019 and Law 3783/2009, and holds a pyAAA credit rating from FixScr with a stable outlook for 2025. The company is a mandatory anti-money laundering subject under SEPRELAD, actively collaborates with that regulator, and positions itself as '100% Paraguayan.' Its value proposition bundles 24/7 assistance services including roadside assistance (Grúa Asistencia 24hs), health assistance through partner Inmedical (consultations, telemedicine, free medications), and cyber incident support.

Name

Patria S.a. De Seguros Y Reaseguros

Legal name

PATRIA S.A. DE SEGUROS Y REASEGUROS

Website

https://segurospatria.com.py

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

51–100 employees

Short description

Patria S.A. de Seguros y Reaseguros is a Paraguayan multi-line insurance and reinsurance company founded in 1968, serving 56,000+ individuals and businesses through personal and commercial lines distributed via digital, agent, and bank channels.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411), Reinsurance Carriers (524130)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Surety Insurance (6351), Accident & Health Insurance (6321)

akta.pro primary industry

General Liability Reinsurance (FSAOABAD)

akta.pro secondary industry

Surety & Credit Reinsurance (FSAOABAJ)

Keywords

• General insurance products
• Reinsurance services
• Property insurance
• Life insurance
• Personal accident coverage

Headquarters

HQ city

Asunción

HQ country

Paraguay

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums - Personal Lines: Collection of recurring insurance premiums from individuals and households across personal lines including cyber risk, household (combinado familiar), life & personal accidents, and automobile insurance. Both lump-sum (contado) and financed (financiado) payment options are offered.
2. Insurance Premiums - Commercial Lines: Collection of insurance premiums from businesses covering fire, operational risk (todo riesgo operativo), surety bonds (caución), and other commercial lines. Coverage includes buildings, content, machinery, goods, and contract performance guarantees.
3. Reinsurance Premiums Ceded: The company cedes portions of premiums to reinsurers (Hannover Re, Beazley, Odyssey Re, MS Amlin, AXA, QBE Re, Liberty Mutual, Hamilton) to manage large risks, and retains reinsurance premiums from its own book as a reinsurer (Patria Re).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Paraguayan insurance and reinsurance company offering personal and commercial coverage including home (Combinado Familiar), automobile, life and personal accident, fire, all-risk operational, cyber risk, and surety/bond insurance. The company also operates in reinsurance, supported by major international reinsurance partners such as Hannover Re, Beazley, Odyssey Re, MS Amlin, AXA, QBE Re, Liberty Mutual, and Hamilton.

Product overview

Patria S.A. de Seguros y Reaseguros operates as a multi-line Paraguayan insurance company offering a diversified portfolio of personal and commercial insurance products. The product portfolio comprises seven core offerings: (1) Riesgos Cibernéticos — a pioneering digital cyber insurance product with tiered plans (Cyber Esencial, Cyber Plus, Cyber Premium) for identity theft, online fraud, and cyberbullying protection; (2) Combinado Familiar (Hogar Protegido) — comprehensive home insurance covering dwelling, contents, and family; (3) Vida y Accidentes Personales — life and personal accident coverage including collective life policies and unemployment/hospitalization protection; (4) Automóviles — vehicle insurance covering damage, theft, and occupant accidents; (5) Incendio — fire and property damage insurance for businesses; (6) Todo Riesgo Operativo — comprehensive business operations risk insurance; and (7) Caución — surety and guarantee bonds for contractual obligations. The company also provides vehicle assistance services and health assistance through Inmedical partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Combinado Familiar (Home Insurance)
• Automobile Insurance
• Life Insurance
• Personal Accidents Insurance
• Fire Insurance
• Cyber Risk Insurance
• All-Risk Operational Insurance
• Surety / Caución (Bond Insurance)
• Reinsurance Services

Quantifiable outcome

• 58 years of continuous operation and experience in the Paraguayan insurance market
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Hannover RecoreOthersHannover Re is a global reinsurance partner shown in the partner logo section of the Patria Seguros website. As a major international reinsurer, Hannover Re provides reinsurance capacity and risk transfer services to Patria, supporting the company's ability to underwrite large or complex risks.
• BeazleycoreOthersBeazley is a specialist reinsurance partner displayed in the partner logo section. Beazley is known for cyber and specialty reinsurance lines, which aligns with Patria's pioneering cyber risk insurance products.
• Odyssey RecoreOthersOdyssey Re is listed as a reinsurance partner in the partner logo section, providing reinsurance capacity to Patria for various lines of business.
• MS AmlincoreOthersMS Amlin (now part of MS Amlin AG) appears as a reinsurance partner, providing risk capacity and reinsurance support to Patria Seguros.
• AXAcoreOthersAXA is shown as a reinsurance partner in the logo section. As one of the world's largest insurers, AXA's reinsurance partnership provides additional capacity and credibility to Patria's underwriting capabilities.
• QBE RecoreOthersQBE Re is listed as a reinsurance partner providing reinsurance support across multiple lines of business underwritten by Patria.
• Liberty MutualcoreOthersLiberty Mutual appears as a reinsurance partner, contributing additional underwriting capacity for Patria's insurance portfolio.
• HamiltoncoreOthersHamilton (Insurance Group/Bermuda) is displayed as a reinsurance partner, providing reinsurance capacity that supports Patria's ability to underwrite specialty and large-scale risks.
• Patria RecoreOthersPatria Re is shown in the partner logo section, indicating that Patria acts as a reinsurer for other insurance companies, providing outbound reinsurance capacity as part of its business operations.
• InmedicalminorOthersInmedical provides health assistance services to Patria's insured clients, including outpatient consultations, telemedicine, and free medications. This partnership enables Patria to offer bundled health assistance alongside its core insurance products.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Others

• Hannover Re: Global reinsurance carrier and a key reinsurance partner for Patria. Not a direct competitor but a structural counterpart — relevant for benchmarking Patria's ceded risk profile, treaty structures and reinsurance pricing dynamics.

Direct peers

• Sancor Seguros (Paraguay): Argentine cooperative insurance group with a Paraguay subsidiary offering personal and commercial lines including auto, life and property. Comparable to Patria as a multi-line regional insurer serving similar Paraguayan customer segments.
• Aseguradora del Sur: Paraguayan insurer offering a diversified portfolio including personal lines, commercial lines and surety. Directly comparable to Patria in product mix, market positioning and reliance on the local broker/agent network.
• El Sol del Paraguay (Seguros El Sol): Paraguayan insurance company offering personal and commercial coverage. Competes with Patria in similar personal and small-commercial segments in the same single-country market.
• MAPFRE Paraguay: Subsidiary of Spanish global insurer MAPFRE, MAPFRE Paraguay is one of the largest multi-line insurers operating in Paraguay, offering personal, commercial and surety products. Directly comparable to Patria in product breadth, distribution model (agents/brokers + bancassurance) and target market.
• HDI Seguros Paraguay: Subsidiary of German insurer HDI that writes multi-line business in Paraguay including P&C, auto and commercial. Closely comparable to Patria in product breadth and bancassurance-style distribution in the local market.

Regional players

• La Consolidada Seguros (Argentina): Argentine multi-line insurer with a similar cooperative/mutual heritage and diversified personal and commercial book. Comparable to Patria in product mix and target customer segments, though operating primarily in Argentina rather than Paraguay.
• Río Uruguay Seguros (Argentina): Regional Argentine insurer with a diversified portfolio across personal, commercial and surety lines. Comparable to Patria in offering breadth and mid-market commercial orientation, though geographically focused on the Argentine Littoral region.
• Seguros Sucre (Bolivia): Bolivian multi-line insurer offering personal and commercial lines. Comparable to Patria in single-country footprint, multi-line product set and reliance on local broker/agent distribution, though operating in a different Andean market.
• Banco de Seguros del Estado (Uruguay): Uruguayan state-owned multi-line insurer with a long track record and broad product set including surety, P&C and life. Comparable to Patria as a long-established, multi-line regional insurer — though operating in a different country and with state backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/patria-seguros

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 Patria S.a. De Seguros Y Reaseguros