Assap Assegurances

What Assap Assegurances does

ASSAP Assegurances is a privately-held insurance brokerage firm headquartered in Santa Coloma, Andorra la Vella, Andorra, with more than 40 years of continuous operation in the Andorran insurance market. The company operates as the exclusive delegate in Andorra for two established international insurers — Zurich and FIATC — and distributes their insurance and savings products to individuals, liberal professions/independent professionals, and commercial clients (SMEs, hotels, construction firms, and other enterprises).

The company's product portfolio spans personal lines (vehicle, home, health, life, accident, death, travel assistance, boats, hunters' liability), professional lines (Top Salut, salary supplement, professional liability, cyber risk, trade), and commercial lines (all-risk construction, transport, event contingency, D&O, hotel, SME multi-risk, collective employee benefits). ASSAP also distributes adjacent financial products including one-year guaranteed investment deposits (minimum €6,000) and long-term (5+ year) savings plans. Distribution is sales-led, conducted through direct office-based service, a multilingual website (Catalan, English, French, Spanish) with online quote requests, and active social media channels (Facebook, Instagram, LinkedIn). Promotional bundling campaigns such as 'Vola Gratis' are used to drive multi-policy acquisition.

The firm is family-led (the Altimir family occupies all three management/direction roles) and operates with approximately ten staff across management, commercial, and administration/accounting functions. Revenue is generated through commissions on Zurich and FIATC policies sold and managed; no API, proprietary technology platform, or AI capabilities are disclosed. The customer base is exclusively Andorran and no external funding, M&A, or expansion beyond Andorra is evidenced in available sources.

Name

Assap Assegurances

Legal name

ASSAP Assegurances

Website

https://assap.ad

Company type

Private

Operating status

Operating

Short description

ASSAP Assegurances is a privately-held insurance broker in Andorra, operating as exclusive delegate for Zurich and FIATC, distributing personal, professional, and commercial insurance plus savings products to individuals, independent professionals, and SMEs across the Andorran market.

Ownership category

akta.pro rank

Headquarters

HQ city

Santa Coloma

HQ country

Andorra

HQ region

Europe

Offices1 record

Markets served

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Brokerage Commission: ASSAP generates revenue as an insurance broker by earning commissions from insurance providers Zurich and FIATC for policies sold and managed on their behalf.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Assap Assegurances is an insurance brokerage firm operating exclusively in Andorra as the sole delegate for Zurich and FIATC insurance companies. The firm sells and advises on a comprehensive portfolio of personal, professional, and commercial insurance products — including vehicle, home, health, life, travel, boat, accident, and death cover for individuals, and construction, transport, D&O, hotel, SME, trade, collective, cyber-risk, and contingency policies for businesses. Service is delivered through personalized advisory from a team of account managers, supported by website-based quote requests and an office in Santa Coloma, Andorra la Vella.

Product overview

ASSAP is an insurance brokerage firm operating exclusively in Andorra, representing Zurich and FIATC insurance companies. The company offers a comprehensive portfolio of insurance products organized into three main segments: (1) Individuals - covering vehicles, homes, health, life, accidents, death, travel assistance, boats, and other personal insurance; (2) Independent Professionals - offering health, life, accident, civil liability, trade, and cyber risk coverage; (3) Companies - providing construction, transport, contingency, D&O, hotel, SME, trade, collective, and cyber risk insurance. The core offering consists of personalized insurance advisory services delivered through a team of managers, with products distributed via their website and physical office in Santa Coloma, Andorra. Key product lines include vehicle insurance, home/property insurance, health insurance with CASS supplements, life and accident insurance, travel assistance, business multi-risk insurance, and specialized coverage for construction, hospitality, and SMEs.

Differentiator

Problem solved

Functional benefit

Products and services

• Vehicle Insurance Comprehensive vehicle insurance for cars (comprehensive and third-party), classic vehicles, motorcycles, motorhomes, and trailers, covering accidents, theft, fire, vandalism, and roadside assistance. Sold to individual customers in Andorra through ASSAP's delegation of Zurich and FIATC.
• Home Insurance Home insurance covering primary residences, second homes, buildings, and property communities. Protects against fire, theft, water damage, broken glass, civil liability, and offers optional coverages for aesthetics, electrical damage, and pest control. Targeted at individual homeowners in Andorra.
• Health Insurance Personal, family, and passive-resident health insurance with coverage in Andorra and Spain, including hospitalization, medical expenses, and CASS supplements. Offered to individuals and families in Andorra.
• Life and Accident Insurance Life insurance providing financial protection for families in the event of death or disability, with capital advance for serious illness and total professional disability cover, plus accident insurance for death, permanent total disability, or partial disability. Targeted at individuals in Andorra.
• Travel Assistance Insurance Travel insurance for personal, family, and student trips, including medical assistance, trip cancellations, lost luggage, COVID-19 coverage, and assistance for trips up to one year or annual multi-trip cover. Sold to individuals and families in Andorra.
• Boat and Vessel Insurance Insurance for boats and vessels covering civil liability, total loss, nautical assistance, theft, personal effects, own damages, and Institute Yacht Clauses. Available to both owners and renters in Andorra.
• Death Insurance Death insurance covering funeral expenses, repatriation, digital end-of-life management, psychological and legal assistance, free choice of funeral home, and national or international transfers. Sold to individuals in Andorra.
• Hunters Civil Liability Insurance Mandatory civil liability insurance for hunters covering bodily injury to third parties during hunting activities, including voluntary liability, legal defense, health care, death, and hunting equipment cover. Targeted at licensed hunters in Andorra.
• Investment Products One-year guaranteed deposit with a minimum investment of €6,000 offering secure returns with guaranteed capital and variable yield based on market interest rates. Sold to individual savers and investors in Andorra.
• Savings Products Long-term savings plans with a minimum duration of five years, with or without initial contribution, designed for progressive and sustained growth of savings with stable and secure returns. Sold to individual savers in Andorra.
• Construction Insurance All-risk construction insurance covering material damage, equipment, scaffolding, and machinery during construction projects, including one-year maintenance coverage after completion. Sold to construction companies and developers in Andorra.
• Transport Insurance Freight transport insurance covering goods by land, sea, or air, protecting against accidental damage, total or partial loss, theft, salvage costs, and refrigeration damage. Sold to logistics and transport operators in Andorra.
• Event Contingency Insurance Event contingency insurance covering financial liabilities, compensation, event cancellation, temporary interruption, suspension or postponement, adverse weather events, and artist non-appearance. Sold to event organizers in Andorra.
• D&O Insurance Directors and officers liability insurance protecting personal assets against claims from creditors, shareholders, or employees, covering civil liability, professional liability, legal assistance, and pollution liability. Sold to corporate boards and executives in Andorra.
• Hotel Insurance Multi-risk insurance tailored for hotels, hostels, tourist apartments, and residences, covering property damage, theft, liability, temporary uninhabitability, and industry-specific hospitality risks. Sold to hotel operators and accommodation providers in Andorra.
• SME Multi-Risk Insurance Multi-risk insurance for small and medium enterprises covering fire, theft, explosion, natural phenomena, water damage, civil liability, vandalism, and machinery breakdown. Sold to SMEs in Andorra.
• Trade Insurance Multi-risk commercial insurance covering premises, property damage, theft of goods, and civil liability, with flexible policy structures adapting to specific retail business needs. Sold to retail and trading businesses in Andorra.
• Collective Insurance Group insurance for companies offering customized coverage for employees, including salary supplement, CASS supplement, collective life, and collective accident insurance. Sold to employers in Andorra.
• Cyber Risk Insurance Cyber risk insurance for SMEs and self-employed workers with turnover up to €25 million and fewer than 250 employees, covering data breaches, data loss, hardware damage, cyber extortion, business interruption, and theft of money. Sold to SMEs and independent professionals in Andorra.
• Top Health Insurance Comprehensive health insurance for those not affiliated with CASS, offering 100% coverage in Andorra medical centers, Spain coverage, and 80-90% in non-contracted international centers. Sold to independent professionals and high-income individuals in Andorra.
• Salary Supplement Insurance Insurance covering 100% of salary in case of temporary disability due to illness or accident, designed for self-employed and CASS-insured individuals. Sold to independent professionals in Andorra.
• Civil Liability Insurance Civil liability insurance covering professional and general third-party liability exposures for businesses, construction projects, and independent professionals. Sold to companies, contractors, and liberal professionals in Andorra.

Segments3 records

Ideal customer profiles3 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.

• ZurichcoreChannel Partner/ Reseller/ DistributorASSAP is the exclusive delegate for Zurich Insurance in Andorra, offering Zurich's insurance products to customers. This partnership provides access to international insurance products with the backing of a major global insurer.
• FIATCcoreChannel Partner/ Reseller/ DistributorASSAP is the exclusive delegate for FIATC Insurance in Andorra, offering FIATC's insurance products to customers. This partnership provides diversified insurance options from another major Spanish insurer.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Aon plc: Global insurance brokerage and advisory firm. Comparable to ASSAP as a broker-intermediary, though vastly larger and serving enterprise clients worldwide rather than a single micro-market like Andorra.
• Marsh McLennan: World's largest insurance broker and risk advisor. Comparable in core brokerage/advisory function to ASSAP, but operating globally with deep enterprise and reinsurance capabilities rather than Andorra retail/SME focus.
• Willis Towers Watson (WTW): Global insurance brokerage and advisory firm. Overlaps with ASSAP's intermediary role across commercial and personal lines, though WTW operates at global enterprise scale rather than a single micro-jurisdiction.
• Howden Group: International insurance broker with strong European and Iberian footprint. Comparable as a multi-carrier broker serving individuals and commercial clients, though at substantially greater scale than ASSAP.
• Lockton: Largest privately-held insurance broker globally. Comparable to ASSAP in being an independent broker-intermediary rather than a captive of any single carrier, with similar entrepreneurial/private ownership ethos.
• Arthur J. Gallagher & Co. Global insurance brokerage and risk management services firm. Comparable intermediary model to ASSAP with multi-carrier representation, though at global enterprise scale across P&C, life, and benefits.

Others

• FIATC Seguros: Spanish insurance carrier for whom ASSAP serves as exclusive delegate in Andorra. Not a direct competitor but an integral counterparty — useful as a reference for the carrier economics underlying ASSAP's commission revenue.
• Zurich Insurance Group: Global insurance carrier for whom ASSAP serves as exclusive delegate in Andorra. Although a carrier rather than a broker, Zurich is the closest commercial counterparty to ASSAP and shapes its product offering in the Andorran market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/assap.assegurances
• LinkedInlinkedin.com/company/assap-assegurances
• Instagraminstagram.com/assap_assegurances

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Assap Assegurances