Mapfre AM, the asset management division of Mapfre Group, has selected BlackRock’s Aladdin platform to drive the digital transformation of its investment platform.
According to Mapfre AM, it has become the first insurance company in Spain to deploy the technology.
By adopting the Aladdin platform, Mapfre AM will enhance its investment management capabilities by integrating sophisticated tools for risk analytics, portfolio management, trading, and operations.
The platform will unify the management of Mapfre AM’s diverse portfolio, which spans approximately €60bn in public and private market assets, across all global investment activities.
Besides, the Aladdin platform will provide Mapfre AM with a fully connected and scalable solution to manage its investments more effectively.
BlackRock Aladdin client business global head Tarek Chouman 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.”
This integration will equip Mapfre AM’s investment professionals with an end-to-end solution. It will offer them better data analytics, portfolio construction, and risk management.
The platform will also help Mapfre AM streamline the company’s operations as well as drive its growth strategy.
This collaboration between Mapfre AM and BlackRock marks a turning point for both the Spanish insurance and asset management industries, said Mapfre Group’s asset management unit.
The rollout of the Aladdin platform will take place in stages, with the technology being gradually implemented across Mapfre AM’s key investment offices around the world.
Mapfre AM CEO Álvaro Anguita said: “The adoption of Aladdin will help us unify all of our apps and to streamline our investment process, which will in turn accelerate the growth of our company.
“Mapfre is active in 25 countries and financial centers in the major markets around the world. In recent years, we’ve boosted our presence in Latin America and strengthened our business in other countries, such as France.”
