MAPFRE insur_space launches third accelerator programme and is searching for promising InsurTech startups

MAPFRE is looking for InsurTech startups to join its  third insur_space fast-track-to-market accelerator programme.

The insurers is particularly looking for solutions catering to the aging population, proactive health and well-being, and risk management. Ideally, insur_space is looking for companies in the early stage or growth phase that already have a product in the insurance market and want to scale, or want to enter the sector through an alliance.

The accelerator offers up to €100,000 of financing with no equity require. Companies selected to join the next batch will benefit from the support and six months of full access to MAPFRE worldwide, consisting of MAPFRE’s 26 million clients and almost 80,000 agents and brokers.

“Together we can go further,” said Joan Cuscó, director of insur_space. “The collaboration between startups and large companies is an opportunity that neither party can miss. We position ourselves as the benchmark programme in the insurance sector, reducing processes to weeks that in other conditions take several months.

“After two years and 22 pilots launched on the market, we know perfectly what we should contribute and what we can expect in return.”

The application period closes on July 24.

Earlier in July, FinTech Global reported that MAPFRE RE, the re insurance part of MAPFRE Group, had signed a deal with cyber risk modelling startup Kovrr to use its solutions to analyse the accumulated cyber risk exposure for MAPRE RE.

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