MAPFRE has become the latest insurer to join Blue Marble, an impact-driven InsurTech backed by a global consortium of major insurance organisations that design and scale climate resilience solutions for vulnerable communities.
The Spanish-headquartered insurer confirmed its investment during the Rendez-Vous de Septembre in Monte Carlo, taking its place alongside Aspen, Grupo ASSA, Marsh McLennan, TransRe, and Zurich Insurance Group as Blue Marble marks its tenth anniversary.
Founded in 2015, Blue Marble has built a reputation for developing parametric insurance products that provide financial protection to underserved groups in emerging markets. Using its proprietary technology platform, the organisation partners with local insurers, development agencies, and private sector actors to protect livelihoods from the growing risks linked to climate change.
“Blue Marble was founded to bring together global insurance leaders with a shared commitment to closing protection gaps for climate-vulnerable communities,” said Penny Seach, Chair of the Board of Blue Marble. “Welcoming MAPFRE to the consortium strengthens both our expertise and our reach, and sets the stage for our next decade of impact and innovation.”
MAPFRE’s participation is seen as a natural extension of its global strategy to build resilience where it is most needed. “Joining Blue Marble is a natural extension of MAPFRE’s commitment to building resilience for communities facing the greatest climate risks,” said Miguel Rosa, MAPFRE’s representative on the Blue Marble Board and CEO of MAPFRE RE. “By combining our technical knowledge and global presence with the consortium’s collaborative approach, MAPFRE can scale innovative solutions where they are needed most.”
Blue Marble’s chief executive, Jaime de Piniés, highlighted the significance of the new partnership as the consortium celebrates a decade of work. “MAPFRE’s membership is a milestone in our tenth anniversary year and a powerful signal of the growing importance of climate resilience,” he said. “Over the past decade, Blue Marble has shown how global insurance businesses, working together, can launch first-of-their-kind products and bring protection to underserved communities worldwide. With MAPFRE joining, our ability to scale these innovations and close protection gaps becomes even stronger.”
Over the past ten years, Blue Marble has launched and expanded programs in 16 countries, delivering parametric insurance solutions to smallholder farmers, workers, and SMEs across Africa, Asia, and Latin America. Its products have reached hundreds of thousands of people, providing income stability, food security, and protection against business interruption and health risks.
MAPFRE, a leading global insurance group, employs more than 30,000 people and reported revenues of €33.2 billion in 2024, with net earnings of €902 million. It is the benchmark insurer in Spain, the largest Spanish multinational insurance company worldwide, the number one carrier in Latin America, and the sixth-largest insurer in Europe by non-life premiums.
Blue Marble says its approach proves that social impact and commercial viability can go hand in hand, combining data insights, technology, and market partnerships to design scalable and efficient insurance solutions for underserved populations.
