The landscape of cyber risk, supply chain fragility, and geopolitical uncertainty has grown more exposed in recent months. These challenges press hard on both society and the business world, shaping everyday decision making and risk management strategies across industries.
In this context, the high‑risk insurance market is tightening and recalibrating coverage and product lines. This shift was highlighted by Bosco Francoy, the CEO of MAPFRE Global Risks, during a major industry gathering that brought together more than 400 insurance professionals. The event, staged in Palma de Mallorca, transformed the city into a focal point for international risk dialogue and collaboration in the current climate of change.
MAPFRE Global Risks emphasizes that customer service quality, broker collaboration, leading technology, and high‑quality data are strategic priorities. The aim is to turn a strong value proposition into practical outcomes: agility and flexibility in client relationships, coupled with excellence in managing global risks both technically and operationally.
At the opening session of the twenty‑eighth MAPFRE Global Risks Conference, Francisco Marco Orenes, chairman of the unit’s board, outlined a revised strategic plan and sustainability agenda. This approach goes beyond climate actions; it embeds sustainability as a mindset for the business, guiding it toward leaving a better world for future generations while preserving value for stakeholders today.
The session moderated by MAPFRE RE’s CEO, Eduardo Pérez de Lema, and joined by executives from Aon, Hannover Re, and Scor, underscored how geopolitical tensions and cyber risk have emerged as prominent threats with substantial impact on the reinsurance market. The insights point to a need for stronger coordination across capacity providers and risk carriers to navigate evolving exposure profiles.
Climate action remains a core element of corporate responsibility, yet it forms only part of a broader sustainability agenda. Elena Sanz of MAPFRE explains that sustainability encompasses social commitments such as improving access to microinsurance, closing protection gaps, and developing products that support a more inclusive economy. Her perspective highlights how leadership in sustainability should permeate all departments and lines of business, with investors and society increasingly demanding visible involvement in social, environmental, and governance issues.
The sustainability drive coincides with a nuanced financial landscape where inflation and market volatility interact with supply chain disruptions to shape pricing and risk. José Luis Jiménez, MAPFRE’s managing director of investments, notes that inflation is not merely temporary; structural factors linked to geopolitical and economic dynamics feed ongoing price pressures, suggesting a longer horizon before normalization. This assessment invites careful asset management and risk budgeting as part of a robust investment strategy.
Industry leaders from Iberdrola, Naturgy, and Exolum joined a broader discussion on the energy sector and sustainability, moderated by José Antonio Ruibal, MAPFRE Global Risks’ chief insurance officer. The dialogue highlighted plans to transition toward lower‑emission models, including innovations such as green hydrogen, eco‑kerosene for aviation, and biomethane. The insurance industry seeks to partner in these transitions, recognizing that a substantial portion of environmental impact originates from customer activities and that a two‑way collaboration is necessary to finance and accelerate sustainable change.