Affinity motor insurance: Seyna, risk carrier for CAAREA in Europe

CAAREA is an international MGA and Insurtech dedicated to mobility, founded over twenty years ago by Bruno Labuzan. Its European platform, CAAREA Solutions, industrialises the entire value chain of affinity motor insurance: design, pricing, distribution, management and monitoring of programmes dedicated to the automotive ecosystem.

Its clients include manufacturers, distributors, insurers, financial actors and pure players, across Europe and beyond — notably in Asia (China, Southeast Asia, India) and the Gulf region. CAAREA relies on three leading long-standing reinsurers (SCOR, Swiss Re and Munich Re) and operates with a strong conviction: its platform is an industrial standard, deployable anywhere.

CAAREA's offerings address motorists' needs across three core areas: the vehicle itself, the capital it represents, and continuity of mobility. In a rapidly evolving market — driven in particular by the rise of electric mobility — CAAREA builds bespoke solutions with a very short time-to-market.

To support its European expansion, CAAREA needed a risk carrier capable of meeting very specific requirements.

As an MGA and Insurtech, CAAREA could not settle for a traditional insurer: it needed a partner able to match its pace, understand its fully delegated model, and operate with the same technological rigour.

Several priorities were central to this search:

• A genuine European footprint: deploying programmes across multiple European markets, starting with Spain, with a carrier holding the necessary licences and financial strength.
• Understanding the MGA model: working with an insurer that truly understands full delegation — design, pricing, distribution, management and monitoring remain in CAAREA's hands.
• Speed and execution capacity: being able to validate legal and regulatory requirements and launch quickly, without slowing down time-to-market.

Financial strength and longevity: relying on a financially robust carrier capable of absorbing sustained growth at international scale.

Faced with these requirements, Seyna established itself as the natural risk carrier to support CAAREA's European expansion. As an insurer 100% dedicated to brokers and MGAs, Seyna brings the rare combination of proven balance sheet strength — with a solvency ratio of 247% at end-2025 — and technology-driven operational efficiency.

The collaboration between the two entities rests on a clear and effective division of responsibilities: CAAREA designs, prices, distributes, manages and monitors its own programmes; Seyna steps in as risk carrier, providing regulatory coverage, financial capacity and the European footprint required at each launch. Both teams co-construct every programme, jointly validating legal and regulatory points to move fast, without ever compromising on quality.

This structure gives CAAREA a single point of contact, fully aligned with its ambitions and capable of adapting to the complexity of its products — whether electric vehicle guarantees, long-term battery protection, or high-potential new affinity covers. The first priority market for this joint deployment is Spain, where CAAREA intends to significantly accelerate its growth.

The partnership between Seyna and CAAREA is already delivering tangible results, illustrating the complementarity of both models:

• An unprecedented time-to-market: when start-up Cartage wanted to launch a protection product for vehicles used by people with reduced mobility, less than two weeks elapsed from the initial idea to the distribution of the first policy.
• A structured European rollout: Seyna is supporting CAAREA's expansion in Spain, the first priority market of a deployment designed to cover the entire continent.

A shared ambition validated in practice: both entities share the same goal — to become the European champion of affinity motor insurance — and are building together the technological and insurance foundations to get there.