Mapfre

1. Legal and Regulatory Risk: Mapfre SA is subject to the regulations and policies of the Spanish government, the European Union, and other countries, all of which can change at any time and affect the company’s operations.

2. Reputation Risk: Mapfre SA's reputation can be affected by its clients' experiences, which are subject to customer reviews. Negative reviews can have a damaging impact on the company's brand and financial performance.

3. Financial Risk: As Mapfre SA is primarily an insurance company, it is exposed to financial risks such as interest rate risk, liquidity risk, and foreign exchange risk when investing its premiums.

4. Competition Risk: Mapfre SA is exposed to increased competition from larger international insurers, which may limit their market share and profitability.

5. Operational Risk: An inadequate risk management system, systems failure, or operational errors may lead to costly mistakes and affect the company’s operations.

6. Cybersecurity Risk: Mapfre SA is subject to increased cyber risk due to the amount of sensitive customer information held and vulnerable IT systems used.