Market
Insurtech in Spain
5 companies · 37 stories · $16.2M disclosed
Insurtech Daily tracks 5 insurance and insurtech companies headquartered in Spain — 2 insurers, 2 insurtechs and 1 technology vendor, across 37 stories going back to Sep 20, 2024. Between them they have disclosed $16.2M across 1 funding round, the largest Tuio's $16.2M. Every figure is compiled from the coverage on this page.
Funding
| Company | Stage | Lead investor | Source | ||
|---|---|---|---|---|---|
| Tuio | $16.2Mas reported: €15M | — | — | Capital Riesgo |
Every round is listed with its reporting in the funding tracker, and totals across all markets in the company ranking.
Companies
| Company | Type | Based | Stories | Disclosed |
|---|---|---|---|---|
| Mapfre | Insurer | Madrid | 28 | — |
| Tuio | Insurtech | Madrid | 18 | $16.2M |
| Bdeo | Insurtech | — | 3 | — |
| Granter | Technology vendor | Madrid | 2 | — |
| Santalucía | Insurer | Madrid | 1 | — |
Coverage
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Startup Granter raises €1.6 mn to expand AI platform for European funding
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Bdeo deploys Vonage API to speed up AI claims
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Bdeo Takes Quality on Demand Live, Powered by Vonage, to Transform Insurance Claims Globally
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Bdeo Takes Quality on Demand Live, Powered by Vonage, to Transform Insurance Claims Globally
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Santalucía and Zurich sign ten-year distribution alliance
Santalucía will market Zurich’s auto insurance under its own brand across all distribution channels.
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The insurtech Tuio bets on home insurance to deploy AI and grow with the digital customer
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Safety Insurance's $1.54 billion sale to Mapfre draws shareholder investigation
A 44% premium and unanimous board approval have not stopped questions about whether the price adequately reflects the company's value
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Mapfre and Carrefour launch insurance partnership in Spain
The initial offering includes accident, death, and grocery basket insurance.
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Mapfre buys 38.9% stake in Spanish insurtech Tuio
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Mapfre acquires 38.9% stake in InsurTech Tuio
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Mapfre to take 38.9% stake in Spanish insurtech operator Tuio
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Mapfre acquires 38.9% stake in insurtech Tuio
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Mapfre Acquires Stake in Insurtech Tuio; Bolsters Commitment to AI, Digital Innovation
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Mapfre Acquires Stake in Insurtech Tuio; Bolsters Commitment to AI, Digital Innovation
Just a week after revealing a $1.5 billion deal to acquire U.S.-based Safety Insurance Group, Spain’s Mapfre has announced a deal closer to its European roots—taking a 38.9% stake in the Spanish insurtech Tuio. The Tuio…
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Mapfre to take 38.9% stake in Spanish insurtech operator Tuio
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Mapfre to buy a 38.9% stake in Spanish insurtech Tuio
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Mapfre strengthens its commitment to innovation and digital business development by acquiring stake in Tuio
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Mapfre Acquiring Tuio Stake; Bolsters Commitment to AI, Digital Innovation
Just a week after revealing a $1.5 billion deal to acquire U.S.-based Safety Insurance Group, Spain’s Mapfre has announced a deal closer to its European roots—taking a 38.9% stake in the Spanish InsurTech Tuio. The Tuio…
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MAPFRE acquires 38.9% stake in insurtech Tuio to expand AI-powered digital insurance
MAPFRE has agreed to acquire a 38.9% stake in Spanish insurtech Tuio, strengthening its investment in digital insurance distribution and artificial intelligence as it seeks to expand across Europe and Latin America.
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Mapfre agrees to acquire 38.9% stake in Spanish insurtech Tuio
Mapfre, an international insurance company, has reached an agreement to acquire a 38.9% stake in Spanish insurtech Tuio, the specialist digital insurance distributor that leverages advanced technological capabilities…
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Mapfre to acquire 38.9% stake in Spanish insurtech Tuio
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Mapfre strengthens its commitment to innovation and digital business development by acquiring stake in Tuio - Web corporativa
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Mapfre agrees to acquire 38.9% stake in Spanish insurtech Tuio
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AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’
Ratings analysts at AM Best see the pending acquisition of Safety Insurance Group by Mapfre as “strategically compelling” as the carriers have complementary geographic and product profiles. Last week Safety, a…
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AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’
Ratings analysts at AM Best see the pending acquisition of Safety Insurance Group by Mapfre as “strategically compelling” as the carriers have complementary geographic and product profiles. Last week Safety, a…
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AM Best says MAPFRE’s Safety Insurance acquisition is strategically compelling
Credit rating agency AM Best has described Spain-based multinational insurance group MAPFRE S.A.’s planned acquisition of Safety Insurance Group, Inc. as strategically compelling, saying the transaction brings together…
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Mapfre Re’s net profit climbs 24.6% to €186m in H1’26
Mapfre Re, the reinsurance arm of Mapfre, has reported net earnings of €186 million in the first half of 2026, up 24.6% compared to the same period a year earlier. The performance was driven by the strong results of the…
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Insurer Mapfre Estimates Venezuela Quake Losses at €25 Million
Spanish insurer Mapfre said on Thursday that losses from the June 24 earthquakes in Venezuela would be up to €25 million ($28.5 million), after its first-half net profit grew 9.4% despite storm-related claims in Spain…
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Mapfre Expands US Footprint with Strategic Acquisition of Safety Insurance Group
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MAPFRE to acquire Safety Insurance for $1.54 billion amid shareholder probe
As company reveals financials, deal creates an auto and homeowners giant, but a law firm is already investigating whether board got shareholders a fair price
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Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal
Safety Insurance Group Inc,, a property/casualty insurer in Massachusetts and New England, has agreed to be acquired by Spain’s Mapfre S.A. in an all-cash transaction valued at approximately $1.54 billion. Under the…
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Mapfre to Acquire Safety Insurance in $1.5B in Cash Deal
Safety Insurance Group Inc,, a property/casualty insurer in Massachusetts and New England, has agreed to be acquired by Spain’s Mapfre S.A. in an all-cash transaction valued at approximately $1.54 billion. Under the…
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Blue Marble and MAPFRE partner to expand parametric climate insurance
Blue Marble Microinsurance has partnered with MAPFRE to expand access to parametric insurance solutions in markets with significant protection gaps.
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Granter wins Fintech and Insurtech award at South Summit Madrid
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LatAm insurtech investment surges 117% in 2025: Mapfre
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Spanish InsurTech startup Tuio raises $16.7m to accelerate growth
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Tuio closes a financing round of 15 million euros to continue transforming insurance