With this investment, the consortium now includes six organizations in its tenth anniversary year: Aspen, Grupo ASSA, MAPFRE, Marsh McLennan, TransRe, and Zurich Insurance Group.

Founded in 2015, Blue Marble designs and delivers parametric insurance solutions tailored to underserved communities in emerging markets. Its proprietary technology platform enables continuous innovation, rapid scaling, and expanded coverage for vulnerable groups. The consortium collaborates with local insurers, development agencies, and private sector partners to safeguard livelihoods against the growing impacts of climate change.

“Blue Marble was founded to bring together global insurance leaders with a shared commitment to closing protection gaps for climate-vulnerable communities,” said Penny Seach, Chair of the Board of Blue Marble. “Welcoming MAPFRE to the consortium strengthens both our expertise and our reach, and sets the stage for our next decade of impact and innovation.”

Miguel Rosa, Blue Marble Board member for MAPFRE and CEO of MAPFRE RE, commented: “Joining Blue Marble is a natural extension of MAPFRE’s commitment to building resilience for communities facing the greatest climate risks. By combining our technical knowledge and global presence with the consortium’s collaborative approach, MAPFRE can scale innovative solutions where they are needed most.”

“MAPFRE’s membership is a milestone in our tenth anniversary year and a powerful signal of the growing importance of climate resilience,” added Jaime de Piniés, CEO of Blue Marble. “Over the past decade, Blue Marble has shown how global insurance businesses, working together, can launch first-of-their-kind products and bring protection to underserved communities worldwide. With MAPFRE joining, our ability to scale these innovations and close protection gaps becomes even stronger.”