MAPFRE, one of Spain’s largest INURSTECH operating in more than 40 countries with €34.5 billion in revenue and €1.1 billion in net earnings for 2025, has agreed to acquire a 38.9% stake in Tuio, a Spanish INSURTECH founded in 2021 that provides fully digital home, motor, and life insurance products using proprietary technology, automation, and AI, and has already surpassed 100,000 active customers. The transaction, structured through a combination of share purchases and a capital increase, will enable Tuio to accelerate its expansion beyond Spain into Latin America and European markets where MAPFRE already operates, while Tuio’s existing backers BlackRock, Bamcap Ventures, Extension Fund, and Capital Certainty retain stakes. Tuio became the first insurance application to integrate with ChatGPT for the sale of insurance products, and more than 20% of its new customers have since been acquired through AI assistants.

MAPFRE Acquires 38.9% Stake in Insurtech Tuio to Expand AI-Powered Digital Insurance