Mapfre Global Risks’ international conference addresses the uncertain economic context and commitment to sustainability.

All of this logically has implications for the high-risk insurance market, which is undergoing a tightening and adjustment in coverage and lines of business, as MAPFRE Global Risks CEO Bosco Francoy acknowledged during the meeting. Inauguration of the International Conference on Global Risks Palma de Mallorca Bringing together more than 400 professionals from the insurance industryturning this city into an international insurance capital these days.

Because of this current situation, quality of customer serviceWith the support of brokers, technology or quality data are the strategic priorities of MAPFRE Global Risks to make its value proposition a reality: agility and flexibility in client relationships and excellence in the technical and operational management of global risks.

During the opening of the twenty-eighth edition of the MAPFRE Global Risks Conference, Francisco Marco Orenes, Chairman of the Board of this unit, made a statement. review of the new strategic plan Sustainability plan, which is much more than actions on climate change, but also a way of understanding the business to inherit a better world than we take for granted.

Geopolitical tensions and especially cyber risksAs seen in the table moderated by MAPFRE RE CEO Eduardo Pérez de Lema and attended by AON officials, Hannover RE and Scor, which insurers have already identified as one of the main threats, it has a significant impact on the reinsurance market.

Stopping climate change through small individual actions and business commitments is one of the actions that is part of companies’ sustainability commitments, but it is not the only one. Sustainability is much more. For Elena Sanz, at least in the MAPFRE example, it means a social commitment that includes, among other things, facilitating access to microinsurance, eliminating any gaps, launching sustainable products, and leaving a better company and society. , Managing Director of People and Organization at MAPFRE. The rulers of Meliá and Enagás, commitment to sustainability should permeate all departments and lines of business He stressed that investors and society in general are increasingly demanding that companies be more involved in social, environmental and good governance issues.

This commitment to sustainability goes hand in hand with a “complex” situation in financial markets. most inflation play a central roleAccording to José Luis Jiménez, MAPFRE’s Managing Director of Investments. Inflation, already under upward pressure from money injections into the economy and breaks in supply chains, has been exacerbated by the consequences of the war in Ukraine, so Jiménez denies this is temporary and believes some tensions are structural factors. to feed back inflationary tensions so that the rise in prices will take a long time.

Finally, representatives of Iberdrola, Naturgy and Exolum shared a discussion on the energy sector and sustainability, moderated by José Antonio Ruibal, Chief Insurance Officer at MAPFRE Global Risks. In the talk, they valued their conversion plans for a more ecological model, presenting innovative examples such as green hydrogen, eco-kerosene for aerospace or biomethane. These are projects that the industry wants insurance companies to accompany, a two-way alliance because a large part of the insurance industry’s environmental impact is based on the activities of its customers.