Hollard Seguros

What Hollard Seguros does

Hollard Moçambique Companhia de Seguros, S.AR.L. (operating as Hollard Seguros / Hollard Mozambique) is a privately-held insurance company headquartered in Maputo, Mozambique, and a wholly-owned subsidiary of South Africa's Hollard Group. Founded in 2001 as a short-term insurer, the company obtained a life insurance licence in 2008 and has grown into one of Mozambique's top three insurers. It operates through four branches (Maputo, Beira, Nacala, Tete) and a 90+ partner broker network, serving individual consumers, SMEs, large corporates, and smallholder farmers across personal, commercial, corporate, employee benefits, and specialist insurance lines.

The company's product portfolio spans non-life insurance (motor, property, commercial, specialist lines including agriculture, energy, engineering, marine), life insurance (Hollard Vida), employee benefits (group life, funeral cover, health, pension fund), and specialty products. Underlying technology includes an underwriting and claims management platform, parametric insurance capabilities (Hollard-Agri uses satellite and weather index data for automatic payouts), the HealthMov biometric wellness app, and a digital pension fund platform. The Pension Fund (launched May 2025) is operated in partnership with Banco BiG as asset manager.

Hollard Mozambique's business model is built on recurring insurance premiums distributed via brokers, direct digital channels (Zona Purple, Hollsure), and partnerships including seed sellers for agricultural micro-insurance. FY2025 Gross Written Premiums reached 4.8 billion MZN for Hollard Seguros (15% YoY growth) and 590.9 million MZN for Hollard Vida, with combined ratios of 98% and 89% respectively, and solvency ratios of 327% and 299% — well above regulatory minimums. Recent strategic activity includes the acquisitions of ICE Seguros (2022, making it Mozambique's largest non-life insurer) and Global Alliance Seguros (April 2025), with the ongoing Project Fusion merger consolidating operations under a single insurance licence.

Name

Hollard Seguros

Legal name

Hollard Moçambique Companhia de Seguros, S.AR.L.

Website

https://hollard.co.mz

Company type

Private

Founded year

2001

Operating status

Operating

Short description

Hollard Mozambique is a multi-line insurance company (non-life and life) and subsidiary of South Africa's Hollard Group, serving individuals, SMEs, corporates, and smallholder farmers across Mozambique through branches, broker networks, and digital channels.

Ownership category

akta.pro rank

Product category

Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411), Insurance Carriers and Related Activities (524), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Insurance Carriers, Nec (6399)

akta.pro primary industry

Group Universal Life (GUL) (FSAIADAC)

akta.pro secondary industry

Renters Insurance (FSAJACAB)

Keywords

• Non-life insurance
• Life insurance
• Employee benefits
• Agricultural micro-insurance
• Corporate insurance

Headquarters

HQ city

Maputo

HQ country

Mozambique

HQ region

Africa

Offices4 records

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. Non-Life Insurance Premiums: Gross Written Premiums from short-term insurance products including motor, property, casualty, and specialty commercial lines. For FY2025, Hollard Seguros reported GWP of 4.8 billion MZN representing 15% year-on-year growth.
2. Life Insurance Premiums: Gross Written Premiums from life insurance products including group life, funeral cover, and related life/health employee benefits. For FY2025, Hollard Vida reported GWP of 590.9 million MZN.
3. Investment Income: Returns generated from investment of premium float and capital reserves, contributing to overall profitability alongside underwriting results.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels6 records

Core offering

Hollard Seguros is an insurance company that underwrites and distributes a full multi-line insurance portfolio in Mozambique, including personal lines (car, home, travel, personal all risk, pleasure craft) and business lines (commercial, corporate, employee benefits, specialist business, and business travel). It also offers parametric agricultural micro-insurance (Hollard-Agri) for smallholder farmers and a third-party liability product (Hollsure) for foreign vehicles crossing into Mozambique, sold through broker networks, branches, digital portals, and partnership channels.

Product overview

Hollard Mozambique operates a multi-brand, multi-category insurance portfolio spanning personal and business lines. The personal insurance offering includes Car Insurance (with Comprehensive Car Insurance and Paga Leve), Home Insurance (Building, Contents, Personal Accident, Personal Liability), Travel Insurance, Personal All Risk Insurance, and Pleasure Craft Insurance. The business insurance portfolio comprises Commercial Insurance (Burglary, Business All Risk, Business Interruption, Fidelity Guarantee, General Liability, Goods In Transit, Group Fire, Money Insurance, Office Contents), Corporate Insurance (Assets All Risk, Motor Fleets), Employee Benefits (Group Life, Group Personal Accident, Group Funeral, Worker's Compensation, Hollard Health, Pension Fund), Specialist Business Insurance (Agriculture, Energy Oil & Gas, Engineering, Guarantees, Marine & Cargo, Specialist Liability), and Business Travel Insurance. Specialty products include Hollard-Agri (parametric micro-insurance for smallholder farmers) and Hollsure (third-party motor liability for foreign vehicles). The company offers exclusively broker-distributed insurance solutions for businesses, with personal products available through the Zona Purple digital portal. Hollard Mozambique also provides corporate health insurance under the Hollard Health brand with wellness app integration.

Differentiator

Problem solved

Functional benefit

Brands

• Hollard-Agri: Flagship parametric insurance product for agriculture, providing micro-insurance to smallholder farmers.
• Hollsure
• Zona Purple
• Paga Leve
• Hollard Health

Products and services

• Car Insurance Personal vehicle coverage including Comprehensive Car Insurance and Paga Leve (pay-as-you-go fuel reward program) for car owners in Mozambique.
• Home Insurance Short-term personal home coverage including Building Insurance, Home Contents Insurance, Personal Accident Insurance, and Personal Liability protection for homeowners and families.
• Travel Insurance Personal travel coverage including standard Travel Insurance and Third Party for Foreign Vehicles, a mandatory 30-day third-party liability insurance for foreign-registered vehicles entering Mozambique with liability up to 4,000,000 Mt (R1 million).
• Personal All Risk Insurance Coverage for movable accessories and personal effects including handbags, wallets, sunglasses, jewelry, portable electronic devices, and clothing against accidental loss, damage, theft, and fire, whether at home or traveling.
• Pleasure Craft Insurance Comprehensive marine vessel coverage for private recreational watercraft including yachts, cruisers, wave riders, jet skis, dinghies, and sailboats; does not cover commercial or business-purpose vessels.
• Commercial Insurance Specialist business insurance solutions covering Burglary, Business All Risk, Business Interruption, Fidelity Guarantee, General Liability, Goods In Transit, Group Fire, Money Insurance, and Office Contents for small to medium commercial enterprises.
• Corporate Insurance Enterprise-level coverage including Assets All Risk Insurance and Motor Fleets for large corporate clients with extensive asset portfolios.
• Employee Benefits Group life and employee welfare products including Group Life, Group Personal Accident Insurance, Group Funeral Cover, Worker's Compensation, Hollard Health corporate health insurance, and Pension Fund for business employees.
• Specialist Business Insurance Specialized coverage for niche sectors including Agriculture Insurance, Energy Oil & Gas Insurance, Engineering Insurance, Guarantees, Marine and Cargo Insurance, and Specialist Liability.
• Business Travel Insurance Corporate travel protection covering Medical Expenses Benefit, Personal Liability Benefit, Personal Accident Benefit, and Luggage benefit for employees traveling on business.
• Hollard-Agri Parametric micro-insurance product for smallholder farmers providing climate/drought coverage, with insurance bundled into seed purchase through Phoenix Seeds Lda. Paid out Mts 10 million in claims following El Niño drought to 16,000 smallholder farmers in Manica, Tete, and Sofala.
• Hollsure Third-party motor liability insurance for foreign vehicles entering Mozambique. 30-day coverage with liability limit of 4,000,000 Mt (Four Million Meticais), covering death/bodily injury to third parties and property damage.
• Hollard Health Corporate health insurance product with modular health insurance and wellness offerings including preventative care benefits, the HealthMov wellness app with biometric scanning, and annual wellness events.
• Pension Fund Integrated pension fund solution for business entities providing a comprehensive framework for long-term financial security and retirement planning, with a user-friendly digital platform, flexible contribution options, diversified investment strategy, integrated insurance coverage, and Banco BiG as asset manager.

Quantifiable outcome

• Hollard Seguros Solvency Ratio of 327% (FY2025), significantly above regulatory requirements
• +4 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, flagship and minor.

• Banco BiGcoreStrategic or Co-development Partner · 7 May 2025Partnership with specialized savings and investment bank acting as asset manager for Hollard's Pension Fund product, providing robust and reliable pension solution for corporate clients.
• AgritaskcoreTechnology or Integration · 26 July 2020Global leader in agricultural operations platform partnered with Hollard Mozambique to provide digital solutions for local stakeholders, offering agricultural insurance to farmers within their value chains.
• Kulungwana Association for Cultural DevelopmentflagshipStrategic or Co-development PartnerLong-term cultural partnership for Colecção Crescente (Growing Collection) art exhibition and Better Futures awards program. Partnership has been running for 15+ editions, providing platform for young Mozambican artists to showcase work alongside established creators.
• Xiquitsi Music ProjectcoreStrategic or Co-development PartnerHollard-supported initiative since 2005 providing children and youth opportunity to develop love for classical music through skills development and group music practice. Includes educational concerts, workshops, and orchestral programs.
• apploadcoreStrategic or Co-development PartnerOnline logistics service partnership announced post-pandemic to create efficiencies in the agricultural sector, supporting the distribution of Hollard-Agri insurance products.
• Phoenix Seeds LdacoreChannel Partner/ Reseller/ DistributorSeed company partnership for Hollard-Agri distribution. Insurance is included during seed purchase, making coverage more affordable for smallholder farmers. Currently covers half of the insured farmers.
• MozYouth FoundationminorStrategic or Co-development PartnerYouth empowerment foundation founded by Hollard, FNB, and MozParks to address youth unemployment. To date 1,000 young people have benefited with plans to increase to 5,000 over next three years.
• Tempus Global GroupcoreStrategic or Co-development PartnerPlatinum sponsor of Tempus Employee Benefits and Human Capital Management National Survey since its inception in 2021. Survey expanded to cover 250 companies in 2024, providing insights into Mozambique's HR landscape.
• Norwegian EmbassyminorStrategic or Co-development PartnerPartner supporting the Colecção Crescente art initiative alongside Hollard and Kulungwana.

Scale indicators23 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• EMOSE (Empresa Moçambicana de Seguros): State-owned Mozambican insurer offering a broad portfolio of life and non-life insurance products, directly competing with Hollard in personal and commercial lines within the same local market.
• Fidelidade Moçambique: One of the largest multi-line insurers in Mozambique, directly competing with Hollard Seguros in motor, property, and life segments; both serve retail and corporate clients through broker networks.
• Phoenix of Mozambique (Fenix): Mid-sized Mozambican insurer serving personal and commercial clients; competes in the same broker-driven distribution channel and product categories as Hollard.
• ICE Seguros (International Commercial and Engineering): Former Mozambican non-life insurer acquired by Hollard in 2022; previously competed head-to-head in commercial and engineering lines, illustrating the consolidation dynamic in the market.
• Mundial Seguradora: Local Mozambican insurer offering personal and commercial insurance products through brokers; directly competes with Hollard in non-life segments in Mozambique.
• Global Alliance Seguros: Direct Mozambican competitor recently acquired by Hollard Mozambique; prior to acquisition, operated in overlapping personal and commercial lines, evidencing direct head-to-head competition in the same market.
• Sanlam Mozambique: Pan-African financial services group with Mozambique presence offering life and general insurance; directly comparable multi-line competitor in the same regulatory environment.
• Old Mutual Mozambique: Branch of South Africa's Old Mutual offering life insurance, investments, and employee benefits in Mozambique; competes directly with Hollard Vida and employee benefits products.

Emerging players

• Acre Africa (Agriculture and Climate Risk Enterprise): Pan-African parametric insurance specialist offering weather-indexed crop insurance across East and Southern Africa; comparable to Hollard-Agri as a peer in the parametric micro-insurance segment.

Broad incumbents

• Hollard Insurance South Africa: Parent company and largest independent insurer in South Africa; shares the Hollard brand, group resources, and reinsurance capacity, providing a direct blueprint for Hollard Mozambique's multi-channel strategy.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hollard-mozambique

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 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 Hollard Seguros