MAPFRE Global Risks

What MAPFRE Global Risks does

MAPFRE Global Risks is the specialized large-risk unit of MAPFRE S.A. (the Madrid-listed insurance conglomerate), incorporated as MAPFRE GLOBAL RISKS, AGENCIA DE SUSCRIPCIÓN, S.A.U., a regulated Spanish underwriting agency (Agencia de Suscripción) based in Majadahonda, Madrid. Founded in 2009 and employing 101–250 staff, it designs, underwrites, and administers complex international insurance programs and global employee benefits for large corporations and multinational companies, with a particular concentration of clients in Spain and Latin America.

Its core offering is organized across eight insurance lines — Property Damage, Energy (Oil & Gas and Renewables), Construction/Infrastructure, Aviation/Aerospace, Third-Party Liability, Marine/Transport, and Global Employee Benefits (Life, Health, Accidents) — supported by three service pillars: International Programs (multi-jurisdiction program administration), Risk Engineering (technical exposure assessment and prevention), and Captive Solutions (management of corporate self-insurance vehicles). The underlying technology stack is conventional: risk-engineering expertise, underwriter judgment, and bespoke policy administration; no proprietary AI platforms, APIs, or developer tooling are disclosed.

The business model is subscription-recurring: revenue is generated through insurance premiums and associated fees on large-risk placements, with B2B pricing quoted per client based on exposure profile, coverage scope, and program complexity (pricing is not publicly disclosed). Distribution is direct enterprise field sales through specialized account managers and risk engineers, complemented by thought-leadership marketing via the firm's long-running industry magazine 'Gerencia de Riesgos y Seguros' and annual international seminars. Customer logos include Telefónica, Navantia, Santander Group, Carvajal, Ultranav, and Progreso — large, multi-line enterprise accounts.

Name

MAPFRE Global Risks

Legal name

MAPFRE GLOBAL RISKS, AGENCIA DE SUSCRIPCIÓN, S.A.U.

Website

https://mapfreglobalrisks.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

MAPFRE Global Risks is the specialized large-risk unit of MAPFRE S.A., providing underwriting, international program administration, risk engineering, captive management, and global employee benefits to large corporations and multinationals, with a leading position in Spain and Latin America.

Ownership category

akta.pro rank

Product category

Commercial Insurance

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Carriers and Related Activities (524)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Ocean Marine Insurance (Hull, Cargo & Freight) (FSAJAHAA), Inland Marine Insurance (Transit, Equipment & Installation) (FSAJAHAB), Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ), Motor Truck Cargo & Inland Marine (Goods-in-Transit) (TLABANAD)

Keywords

• Large risk insurance
• Multinational insurance programs
• Industrial insurance solutions
• Risk engineering services
• Captive insurance management

Headquarters

HQ city

Majadahonda

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Large Risk Insurance Premiums: MAPFRE Global Risks generates revenue through insurance premiums for large corporations and multinational companies covering complex risks including property damage, liability, energy, aviation, marine, construction, and employee benefits. As an underwriting agency (Agencia de Suscripción), they design and administer specialized insurance programs for complex risks.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

MAPFRE Global Risks is the specialized underwriting unit of Group MAPFRE that designs, underwrites, and administers complex insurance programs for large corporations and multinational companies. Its offering spans property damage, energy (Oil & Gas and renewables), construction/infrastructure, aviation/aerospace, third-party liability, marine/transport, and global employee benefits, supported by three service pillars: international program design, risk engineering, and captive insurance management, with a prominent presence in Spain and Latin America.

Product overview

MAPFRE Global Risks is the specialized global risks unit of the MAPFRE Group, offering a comprehensive portfolio of insurance solutions and risk management services for large corporations and multinational companies. The offering is structured around nine core insurance solution lines — Damage, Energy (Oil & Gas and Power/Renewables), Construction/Infrastructure, Aviation, Third-Party Liability, Marine/Transport, and Life/Health/Accidents (GEB) — supported by three specialist service pillars: International Programs (providing global coverage with strong Latin American presence), Risk Engineering (expert risk assessment and prevention), and Captive Solutions (management support for self-insurance vehicles). Together, these solutions are designed for the most complex large-scale risks across strategic industrial sectors, combining global reach with localized expertise, particularly in Spain and Latin America.

Differentiator

Problem solved

Functional benefit

Products and services

• Daños (Damage) Property and material damage insurance coverage for large corporate risks.
• Energía (Energy) Comprehensive energy insurance covering Oil & Gas and renewable power sectors for large-scale energy installations and operations.
• Construcción (Construction/Infrastructure) Insurance solutions for construction projects and critical infrastructure assets, covering engineering and erection risks.
• Aviación (Aviation/Aerospace) Specialized aviation and aerospace insurance for large-scale operators and related risks.
• Responsabilidad Civil (Third-Party Liability) Civil liability insurance covering third-party claims arising from corporate operations and activities.
• Transportes (Marine/Transport) Maritime and transport insurance covering global goods programs, commercial fleets, shipbuilding, project cargo, and marine terminals. Also covers captives.
• Vida, Salud y Accidentes — GEB (Life, Health, Accidents / Global Employee Benefits) Global employee benefits programs including life, health, and accident insurance, designed to control costs, ensure regulatory compliance, and enhance competitiveness for multinational clients.
• Programas Internacionales (International Programs) Global coverage programs for large multinational risks, with a prominent presence in Latin America and international reach, providing tailored insurance strategies per market.
• Ingeniería de Riesgos (Risk Engineering) Risk engineering and analysis services that evaluate exposure, analyze processes, and recommend improvements to reduce risk and ensure business continuity.
• Soluciones en Cautivas (Captive Solutions) Comprehensive captive management services for companies with own insurance vehicles, maximizing efficiency and reducing dependence on the traditional insurance market.

Quantifiable outcome

• Leadership position in international large-risk programs with prominent presence in Latin America

Named customers6 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CEPREVENsupportingStrategic or Co-development PartnerCEPREVEN coordinated a working group of professionals that produced fire protection (PCI) design guidelines for urban solid waste treatment plants. MAPFRE Global Risks engineering team participates in the ecosystem of risk management professionals advancing industry standards through CEPREVEN's specialized technical guidance.

Scale indicators2 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Aon: Aon is a global professional services firm offering risk management, insurance brokerage, and reinsurance solutions. Competes with MAPFRE Global Risks in multinational program design and placement, with a much broader services portfolio including health and wealth advisory.
• Chubb: Chubb is the world's largest publicly traded P&C insurer with deep specialty capabilities in large corporate, excess casualty, energy, marine, and aviation. Direct specialty underwriting competitor with broader geographic reach than MAPFRE Global Risks.
• Marsh: Marsh is the world's largest insurance broker and risk advisor, serving multinational clients with risk management, insurance placement, and captive consulting. As the dominant broker in large-risk placements, Marsh is both a competitor (for brokerage work) and a distribution channel.
• Willis Towers Watson (WTW): WTW is a global advisory, broking, and solutions company providing risk management, insurance brokerage, and actuarial services to large corporates. Competes in multinational insurance program placement and risk advisory services.
• Zurich Insurance Group: Zurich is a global multi-line insurer with significant large corporate and specialty capabilities across property, casualty, marine, aviation, and engineering. Competes with MAPFRE Global Risks for multinational large-risk programs.
• Liberty Mutual Insurance: Liberty Mutual operates a Global Risk Solutions division underwriting complex P&C risks for large corporates across property, casualty, marine, energy, and aviation. Direct competitor in specialty large-risk underwriting with global reach.

Direct peers

• Howden: Howden is a global specialty insurance broker with growing presence in large corporate and reinsurance brokerage, and notably a competitor paneled with MAPFRE Global Risks at industry events. Comparable in client segment focus and expanding geographic footprint.
• AXA XL: AXA XL is a global specialty P&C insurer underwriting large and complex risks across property, casualty, marine, aviation, energy, and professional lines. Direct competitor to MAPFRE Global Risks in multinational large-risk placements and captive solutions.
• QBE Insurance: QBE is a global specialty insurer offering commercial property, casualty, aviation, marine, and energy coverage for large corporates. Direct peer in the large-risk specialty segment, with Iberia operations directly competitive with MAPFRE Global Risks domestically.
• Allianz Global Corporate & Specialty (AGCS): AGCS is the dedicated corporate and specialty insurance arm of Allianz Group, underwriting large corporate risks across property, liability, energy, aviation, marine, and engineering - directly comparable to MAPFRE Global Risks' 9-line specialty portfolio. Both serve multinational clients through dedicated large-risk units within major insurance groups.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PLqXt-G2WL_KJWsTuG4TpXy1aobIPv0olx
• LinkedInlinkedin.com/company/mapfreglobalrisks

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MAPFRE Global Risks