Satec

Satec is an insurance broker in France. It places property, liability and employee benefit cover for medium and large companies, and it helps firms that work across borders.

The company has worked as an insurance broker since 1965. It has about 400 employees, a turnover of around 70 million euros and about 450 million euros in premiums. It says growing a business abroad brings problems such as language, distance, local practices and rules. Insurance is a regulated field, and the rules differ from one country to the next.

Satec has experts in many industries. These include construction, real estate, industrial technologies, robotics, automotive, transport and logistics, financial institutions, software and IT services, and medical and life sciences. It offers cover for property damage and business interruption, liability, motor fleets and construction. It also covers entrepreneurs and directors, and employee benefits such as supplementary health and life insurance. It works on cyber risks as well.

The company has two main roles. First, it helps foreign companies settle and grow in France. It does this together with their main broker, and it advises on and handles all of their insurance needs. Second, it supports French international groups that want to grow in other countries.

Satec uses a team of experts from several fields to assess what each client needs. It builds global and local insurance programmes for property, liability and cyber risks. It also builds employee benefit plans.

It is a partner of UnisonSteadfast, a European network of independent brokers. The network has about 200 partner brokers and covers 140 countries. Satec says this lets it choose reliable partners around the world and use a strong platform for international insurance programmes. Its website is available in French and English.

Services

• Insurance brokerage
• Property damage and business interruption cover
• Liability insurance
• Motor fleet insurance
• Construction insurance
• Directors and officers cover
• Employee benefits
• Cyber risk cover
• International insurance programmes
• Support for foreign companies in France