Mapfre, an international insurance company, has reached an agreement to acquire a 38.9% stake in Spanish insurtech Tuio, the specialist digital insurance distributor that leverages advanced technological capabilities and significant artificial intelligence (AI) maturity in its business model. As mentioned, Mapfre will acquire 38.9% of Tuio’s share capital, which will reportedly be structured through the direct purchase of shares from certain shareholders and subsequent participation in a capital increase. Furthermore, both companies noted that the transaction reflects Mapfre’s conviction that AI, and notably agentic AI, represent a significant technological transformation for both the insurance sector and the wider digital economy. As a result, this investment allows Mapfre to enhance its commitment to more agile and personalised distribution models that cater to emerging consumer demands, merging technological capabilities with the unique value of human guidance. The transaction is subject to the regulatory authorisations that may apply.