MAPFRE has invested in Blue Marble, joining a consortium focused on providing insurance solutions to communities affected by climate change. Blue Marble specializes in parametric insurance for emerging markets and has introduced programs in 16 countries to enhance climate resilience. MAPFRE’s involvement aims to scale innovative solutions for vulnerable populations.

The consortium includes Aspen, Grupo ASSA, Marsh McLennan, TransRe, Zurich Insurance Group, and now MAPFRE. Blue Marble’s CEO highlighted the importance of MAPFRE’s membership in advancing climate resilience efforts. The collaboration aims to close protection gaps for underserved communities globally by leveraging global insurance expertise and innovative products.

In addition to investing in Blue Marble, MAPFRE Re recently reached an agreement to license flood insights data from ICEYE. Incorporating ICEYE’s data is expected to enhance MAPFRE Re’s ability to respond to flood events, further strengthening their commitment to building resilience in communities facing climate risks. MAPFRE’s involvement signifies a strategic move towards addressing climate challenges through innovative solutions.

Read more at Yahoo Finance: MAPFRE invests in climate insurer Blue Marble