Cobepa is entering exclusive discussions to acquire a majority stake in Ascentiel Groupe, a digital insurance brokerage, aiming to enhance growth and innovation in the insurance sector.

Target Information

Ascentiel Groupe, known as Ascentiel, is a prominent digital insurance brokerage platform that specializes in providing Property & Casualty (P&C) insurance for both individuals and small businesses across various specialty niches. Established in 1970, the Group has developed substantial expertise in car insurance, focusing on near-to-sub-standard motor insurance risks. This is bolstered by the strong brand recognition of Assurpeople.com, coupled with a fully digital customer experience that enhances their service offerings.

Over the years, Ascentiel has expanded its product range, recently launching Airbag, a specialist wholesale brokerage platform aimed at providing insurance solutions for inherent defects in construction. Their success has been marked by strategic acquisitions, such as Atara and NIBW, allowing them to strengthen their market presence in sectors like pet insurance and geographically expand into Spain and Portugal. Currently, Ascentiel employs over 180 staff members, operating from its headquarters in Rueil-Malmaison and additional offices in Aix-en-Provence and Madrid. The company manages contracts for a diverse client base of over 220,000 end-clients, backed by collaborations with leading insurance companies in France.

Industry Overview

The insurance sector in France is characterized by a robust regulatory framework and a highly competitive landscape. With digital transformation reshaping traditional business models, companies like Ascentie