Mapfre AM, the asset management arm of Mapfre Group and independent non-banking manager in Spain, has announced its adoption of BlackRock’s Aladdin platform, becoming the first insurance company in Spain to implement the technology.
Mapfre AM will utilise Aladdin’s risk analytics, portfolio management, trading and operations applications to unify its investment processes across public and private market assets. The adoption is a part of the firm’s strategy to enhance operational efficiency and drive growth through digital innovation.
“Unnecessary to reinvent the wheel”
“The adoption of Aladdin will help us unify all of our apps and streamline our investment process, which will, in turn, accelerate the growth of our company,” said Álvaro Anguita, CEO of Mapfre AM. “Mapfre is active in 25 countries and financial centres in major markets worldwide. In recent years, we’ve boosted our presence in Latin America and strengthened our business in other countries, such as France.”
Aladdin’s integration will introduce a scalable platform designed to support Mapfre AM’s evolving global investment activities. According to the firm, the platform will enable its investment professionals to leverage enhanced data analytics, improve portfolio construction, and strengthen risk management capabilities.
Tarek Chouman, global head of Aladdin client Business at BlackRock, said: “With the Aladdin platform, Mapfre AM is spearheading digital transformation throughout the Spanish insurance sector, setting a new benchmark for innovation and unlocking significant value for its investors and stakeholders. We look forward to helping Mapfre AM stay ahead of client needs through our whole portfolio solution.”
