Newly launched insur_space will act as an investing arm for global investment company Mapfre , with € 100 m ( $ 113 m ) to invest in technology solutions annually . This brings investor ’s total annual investment in technology solutions to € 700 m . it has been designed as an insurtech startup accelerator to develop solutions for various clients ' needs , ultimately to be adopted into Mapfre ’s strategic business - 19 start - ups are currently working through insur_space to develop entrepreneurial ideas and launch mature business proposals . These start - ups will have access to Mapfre experts and international business research data .
Newly launched insur_space will act as an investing arm for global insurance company Mapfre, with €100m ($113m) to invest in technology solutions annually. This brings Mapfre’s total annual investment in technology solutions to €700m. Insur_space has been designed as an insurtech startup accelerator to develop solutions for various clients' needs, ultimately to be adopted into Mapfre’s strategic business - 19 start-ups are currently working through insur_space to develop entrepreneurial ideas and launch mature business proposals. These start-ups will have access to Mapfre experts and international market research data.