MAPFRE issues call to InsurTechs

MAPFRE has launched a fast-track-to-market programme to attract initiatives from around the world that want to grow in the insurance market.

The programme is the fourth edition of MAPFRE’s insur_space initiative and will focus on three verticals: health and wellness, climate risks, and cybersecurity for SMEs.

MAPFRE said insur_space offers startups the possibility of launching a pilot in less than six months together with any MAPFRE organisation globally, including the Group’s digital brands: Verti and Savia. Unlike most programmes directed at entrepreneurs, insur_space offers up to €100,000 of financing without becoming a shareholder in the startups.

Joan Cuscó, director of insur_space, said, “Collaboration between startups and large companies is an opportunity that neither party can let slip away. We are positioning ourselves as the benchmark program in the insurance sector, reducing to a matter of weeks processes that otherwise take several months. After more than 30 pilots launched on the market, we know exactly what we have to offer and what we can expect in return.”

Applications can be submitted until March 31 through the programme’s website.

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