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Economy · Funchal · 24 September 2026

Insurance Broker SABSEG Achieves Over 12 Million Euros in Madeira Revenue

SABSEG has surpassed 12 million euros in revenue in Madeira, operating with eight employees and two offices, emphasizing differentiated services and specific products.

Insurance Broker SABSEG Achieves Over 12 Million Euros in Madeira Revenue

The insurance brokerage SABSEG has generated over 12 million euros in revenue in Madeira, where it has been present since 2011. The company employs eight staff and operates two offices in the region, with coordinator Ricardo Vieira highlighting customer proximity and differentiated service as key strategies.

SABSEG focuses on specific insurance products, including civil liability insurance for public officials, and points to a 2018 protocol with the Regional Government that allows public employees to subscribe to health insurance for 10 euros per month. This plan covers over 19,000 public employees, offering 30,000 euros in capital for operations and covering pre-existing conditions.

Regional Government President Miguel Albuquerque praised SABSEG's role in business development and providing accessible insurance solutions, noting the significance of health insurance starting at 10 euros monthly and civil liability coverage protecting the personal assets of public administrators.

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