MAPFRE, a non-life insurance company offering general insurance products for optimum financial protection and risk management, was recently recognized by Brand Finance as the seventh strongest insurance brand in the world. Brand Finance is a London-based independent branded business valuation consultancy. In addition, it was also lauded to be the 38th most valuable insurance company in the world with a 14% increase in brand value in 2019. In the Philippines, it closed its 2019 books surpassing the required capitalization by 15% and solvency rating of 100% based on Risked Capital Ratio.
Having owned by the largest insurance company in Spain and supported by the biggest local life insurer, Insular Life, MAPFRE continues to power through by delivering its commitment of giving continuous and smooth services to its clients even in the midst of this challenging time due to the threats of the COVID-19 pandemic to individuals and businesses.
“We have seen how the threats of COVID-19 pandemic have shifted lives in various forms and as a response, MAPFRE has rolled out programs and products as we pivot in this new normal. Being in an industry that is built on and works with risk and variability, we are here to provide a little bit of certainty in moments of uncertainty, as we always have,” shares Tirso Abad, President and CEO of MAPFRE Insurance.
With MAPFRE Insurance Virtual Office or MIVO, the company’s proprietary web portal, the company enables its agents to directly manage, provide quotations, and issue policies to its leads and customers. Along with MIVO is the First Notice of Loss or FNOL which is an improved motor claiming process supported by a 24/7 hotline and UPDOCs, a tool used for submission of required pictures and documents in supporting the claims.
“Times like these, is an opportunity for us to embrace MAPFRE’s commitment and vocation for service. We are here to take care of you. We are here to take care of our clients. Together, we face the future stronger and with confidence that we shall rise as one,” adds Mr. Abad.
As the company continues to navigate through the new normal, MAPFRE lives up to its promise to be the trusted global insurance company.
To know more about their services, visit their Facebook page: https://www.facebook.com/mapfreph/, visit their website: https://www.mapfre.com.ph/insurance-ph/ or call (632) 8876-4400.