Fatum Schadeverzekering NV

What Fatum Schadeverzekering NV does

Fatum Schadeverzekering N.V. is a privately held, Surinamese insurance carrier founded in 1882, headquartered in Paramaribo at Noorderkerkstraat 5-7. It operates as a traditional general insurer offering a comprehensive portfolio across two customer segments: Particulier (individual consumers) and Zakelijk (businesses). The personal line includes home (Woonhuisverzekering), motor (Motorrijtuigenverzekering with WAM liability, casco, passenger cover, and cross-border Guyana coverage), travel (Reisverzekering for Schengen, worldwide, and domestic trips), personal liability (Aansprakelijkheidsverzekering), life insurance (Levensverzekering in temporary, decreasing, and mixed forms), and pension insurance (Pensioenverzekering supplemental to the General Pension Law). The commercial line includes legally required workplace accident insurance (SOR), Construction All Risk (CAR), Werkmateriaalverzekering (equipment), Wettelijke Aansprakelijkheid Bedrijven (WAB), commercial building fire, inventory/goods, glass, business interruption, reconstruction, and school accident insurance.

The company runs on a recurring premium revenue model, with customers paying monthly, quarterly, or annually and the carrier paying claims out of the resulting pool. Underwriting is quote-based and not publicly disclosed; pricing depends on individual risk assessment, coverage type, sum insured, and customer profile. Distribution is hybrid: four company-owned offices (Paramaribo HQ, Kwatta, Nickerie, and Commewijne in Meerzorg) serve walk-in customers, a dedicated Sales & Relatiebeheer (Sales & Relationship Management) department handles enterprise/B2B accounts, and an extensive network of over 100 independent insurance agents across Suriname drives the majority of personal and SMB policy acquisition. Direct digital touchpoints — the fatum-suriname.com website (premium calculation, quote requests, damage reporting, downloadable forms), phone (+597 471541), WhatsApp (+597 7487601), and email — supplement the physical channel. The claims function is centralized in a Centrale Schade Administratie reachable via [email protected].

FATUM has no disclosed funding rounds, no M&A history, no parent company, and no public listing. Its core technology is described as established insurance administration and claims processing systems with no proprietary AI/ML, app, or API products. Outside of insurance, the company runs the Stichting FATUM Social Foundation (established 2022 on its 140th anniversary) which administers the FATUM Scholarship Programme in partnership with AdeKUS and PTC. The company is primarily Suriname-domestic with limited cross-border motor coverage into Guyana.

Name

Fatum Schadeverzekering NV

Legal name

FATUM Schadeverzekering N.V.

Website

https://fatum-suriname.com

Company type

Private

Founded year

1882

Operating status

Operating

Short description

Fatum Schadeverzekering NV is a privately held Surinamese insurance carrier founded in 1882, serving individual consumers and businesses with personal and commercial P&C, life, and pension products distributed through four company offices and over 100 independent agents across Suriname.

Ownership category

akta.pro rank

Headquarters

HQ city

Paramaribo

HQ country

Suriname

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: FATUM generates revenue through insurance premiums paid by customers for coverage across property, motor, travel, liability, life, and pension insurance products. Premiums are collected on recurring basis (monthly, quarterly, or annual payments) and the company pays out claims when covered events occur.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Fatum Schadeverzekering N.V. provides personal and commercial insurance products across Suriname, including home, motor vehicle, travel, personal liability, life, and pension insurance for individuals, and commercial building fire, inventory, business interruption, employer liability (SOR), construction all risk (CAR), equipment, and business legal liability (WAB) coverage for businesses. Revenue is earned through recurring insurance premiums, with claims processed by a dedicated Centrale Schade Administratie and distribution via four company-owned branches and a network of over 100 independent insurance agents.

Product overview

Fatum Schadeverzekering NV is a traditional insurance company offering a comprehensive portfolio of personal and business insurance products in Suriname. The product portfolio includes: for personal coverage - home insurance (Woonhuisverzekering), motor vehicle insurance (Motorrijtuigenverzekering), travel insurance (Reisverzekering), liability insurance (Aansprakelijkheidsverzekering), life insurance (Levensverzekering), and pension insurance (Pensioenverzekering); for business coverage - SOR (workplace accident insurance), CAR (construction all risk), equipment insurance (Werkmateriaalverzekering), WAB (business liability), school accident insurance, commercial building fire insurance, inventory insurance, glass insurance, business interruption insurance, and reconstruction insurance. The company operates as a single unified insurance provider with multiple product lines serving both individual (particulier) and business (zakelijk) market segments, established since 1882.

Differentiator

Problem solved

Functional benefit

Brands

• Stichting FATUM Social Foundation: Charitable foundation established by FATUM to contribute to Surinamese society through educational scholarships and community programs.

Products and services

• Woonhuisverzekering (Home Insurance) Home insurance for individuals covering damage to the house and its contents caused by fire, storm, burglary, and theft. Covers both the structure and the contents of the home.
• Motorrijtuigenverzekering (Motor Vehicle Insurance) Motor vehicle insurance for individuals covering the legal liability (WAM) requirement, casco coverage, accident insurance for passengers (OVIP), and special Guyana coverage for vehicles traveling across the border.
• Reisverzekering (Travel Insurance) Travel insurance for individuals covering medical emergencies, lost or damaged baggage, travel accidents, and trip cancellation. Includes coverage for the Schengen zone, worldwide travel, and domestic travel within Suriname.
• Aansprakelijkheidsverzekering (Personal Liability Insurance) Personal liability insurance for individuals protecting them from personal liability for damages accidentally caused to others, covering both property damage and bodily injury.
• Levensverzekering (Life Insurance) Life insurance providing financial protection for beneficiaries upon death of the insured or at a predetermined date, including temporary capital insurance, decreasing capital insurance, and mixed insurance options.
• Pensioenverzekering (Pension Insurance) Pension insurance allowing employers to provide supplemental retirement savings plans for employees in addition to the General Pension Law, with flexible payout options.
• Surinaamse Ongevallen Regeling (SOR) - Workplace Accident Insurance Legally required accident insurance for employers covering employees against the financial consequences of workplace accidents, occupational illness, or death, including medical costs, disability benefits, and survivor benefits.
• Construction All Risk (CAR) Insurance Construction insurance covering damage to building projects during the construction phase, protecting against financial losses from damage, theft, fire, and other unforeseen events during construction.
• Werkmateriaalverzekering (Working Materials/Equipment Insurance) Equipment insurance covering damage to business equipment such as excavators, bulldozers, cranes, and forklifts, protecting against financial losses from damage, theft, and other events.
• Wettelijke Aansprakelijkheid Bedrijven (WAB) - Business Legal Liability Insurance Business liability insurance covering the insured's liability towards third parties for damage to persons and/or property caused by wrongful acts in the course of business operations.
• Schoolongevallenverzekering (School Accident Insurance) School accident insurance covering accidents occurring at school or during school activities, protecting the school, students, and staff against financial consequences.
• Brandverzekering voor Bedrijfsgebouwen (Commercial Building Fire Insurance) Fire insurance for commercial buildings covering damage from fire, lightning, explosions, smoke and soot damage, and sometimes water damage, providing financial protection for business premises.
• Inventaris/Goederenverzekering (Inventory and Goods Insurance) Inventory and goods insurance covering damage to business inventory and goods due to fire, water damage, and other insured risks.
• Glasverzekering (Glass Insurance) Glass insurance covering damage to glass panels, windows, mirrors, and other glass elements in commercial buildings due to breakage, damage, or vandalism.
• Brandbedrijfsschadeverzekering (Business Interruption Insurance) Business interruption insurance covering the financial consequences of business damage caused by fire, including loss of income, fixed costs, and extra expenses during recovery.
• Reconstructieverzekering (Reconstruction Insurance) Reconstruction insurance covering the costs for restoring, replacing, or reconstructing important business documents and data after a disaster.

Quantifiable outcome

• Fast claims processing with dedicated claims department available via phone (+597 471541/477420/7487601) and email ([email protected])

Named customers1 record

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

Four partnerships are on record, tiered minor and core.

• Lions Club ParwaniminorGTM or Marketing Partner · 14 November 2023FATUM partnered with Lions Club Parwani to support the 'Stop Pesten' (Stop Bullying) project. Together with representatives of FATUM, Lions Club Parwani, Pniëlschool, and the Evangelical Methodist Community, a 'Stop pesten' board was unveiled at Pniëlschool. FATUM demonstrated community commitment through this anti-bullying initiative.
• Anton de Kom Universiteit van Suriname (AdeKUS)coreStrategic or Co-development Partner · 24 August 2023FATUM, through the Stichting FATUM Social Foundation, partnered with the Anton de Kom Universiteit van Suriname (AdeKUS) to offer scholarship programmes for talented young Surinamese students. The partnership provides full study scholarships for the duration of the studies, selected by a joint commission of AdeKUS and FATUM representatives.
• Politchnisch College Suriname (PTC)coreStrategic or Co-development Partner · 10 August 2023FATUM, through the Stichting FATUM Social Foundation, partnered with PTC to offer scholarship programmes for talented students. PTC nominates students meeting criteria including good academic performance, extra-curricular activities, and financial need. The Foundation covers study costs for 3 years.
• Stichting FATUM Social FoundationcoreStrategic or Co-development PartnerEstablished in 2022 during FATUM's 140th anniversary, the Stichting FATUM Social Foundation was created to contribute to society. The foundation runs the FATUM Scholarship Programme offering study scholarships to talented Surinamese students who meet specific criteria.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Guardian Group (Guardian Life of the Caribbean): Guardian Group is a leading Caribbean insurance and financial services provider offering life, health, and general insurance across the region. It is comparable to FATUM as a multi-line Caribbean insurance carrier, though operating at significantly larger scale across multiple geographies.
• Pan-American Life Insurance Group: Pan-American Life is a large insurance group with significant operations across Latin America and the Caribbean offering life, health, and employee benefits. It is comparable to FATUM's life and pension business and represents a broader incumbent that may expand into Suriname.
• Sagicor Life Insurance Company: Sagicor is a major Caribbean insurance and financial services group offering life, health, and general insurance across multiple Caribbean territories. It represents the kind of broad regional incumbent that could expand into Suriname and compete with FATUM.
• CLICO (Caribbean Life Insurance Company): CLICO is a long-standing Caribbean insurance provider with operations across multiple territories. It is comparable to FATUM as a regional life and general insurance carrier targeting similar consumer and commercial customers in Caribbean markets.

Direct peers

• Assuria N.V. Assuria is another long-established Surinamese insurance group offering life and non-life insurance products to individuals and businesses in Suriname. It is the closest direct competitor to FATUM in the same domestic market with overlapping personal and commercial lines.
• Self Reliance (SLM) Insurance Company: Self Reliance is a Surinamese insurance carrier offering life and non-life insurance products to consumers and businesses in Suriname. It directly competes with FATUM in the same small domestic insurance market.
• National Insurance Board Suriname: National Insurance Board is a domestic Surinamese insurance provider. It operates in the same Surinamese insurance market as FATUM across personal and business lines, making it a directly comparable domestic competitor.

Regional players

• Demerara Mutual Life Insurance Society: Demerara Mutual is a long-standing life and general insurance provider in Guyana, operating adjacent to FATUM's existing Guyana cross-border motor coverage. It is comparable as a similarly-sized Caribbean insurance carrier with broad personal and commercial offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Fatum.SR
• Instagraminstagram.com/fatumsuriname
• LinkedInlinkedin.com/company/fatumsuriname

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Fatum Schadeverzekering NV