MAPFRE Insular Offers Insurance for Agency Hired OFWs

MAPFRE Insular provides comprehensive coverage to overseas Filipino workers as required under the Compulsory Insurance for Agency Hired Migrant Workers as approved under Section 23 of R.A. 10022 and creates online community that serves as a unifying communication platform with OFWs all over the world.

Compulsory Insurance for Migrant Workers

Section 23 of R.A. 10022 mandates recruitment and manning agencies to provide OFWs with compulsory insurance at no cost to the worker. The Compulsory Insurance for Agency Hired Migrant Worker aims to ensure that OFWs get the right protection they deserve. It also promotes and supports the workers’ fundamental rights and welfare.

MAPFRE Insular Optimistic for Growth in 2015

Starting strong in 2015 with 37.9% growth in total production for all lines and channels on the first quarter of the year compared to the same period of 2014, MAPFRE Insular is optimistic on projection of growth of its business for the year.

The company’s growth in Q1 is attributed in the Fire Insurance line which alone doubled versus its performance in 2014 delivering over 299 million in premiums for the Company. Following Fire Insurance, Casualty and Marine Cargo insurance are the second and third respectively in terms of growth.

MAPFRE Insular Optimistic for Growth in 2015 with 37.6% Increase in Q1 Production

Starting strong in 2015 with 37.9% growth in total production for all lines and channels on the first quarter of the year compared to the same period of 2014, MAPFRE Insular is optimistic on projection of growth of its business for the year.

The company’s growth in Q1 is attributed in the Fire Insurance line which alone doubled versus its performance in 2014 delivering over 299 million in premiums for the Company. Following Fire Insurance, Casualty and Marine Cargo insurance are the second and third respectively in terms of growth.

2015 is a year of consumer-centric innovation for MAPFRE Insular. Along with continuous brand building and awareness efforts, the Company is focused on becoming the trusted insurance company of choice for the Filipinos by delivering superior and efficient insurance solutions for their different needs.

MAPFRE Raises Revenues By 8.9 Percent, To 7515 Million Euros With Pre-Tax Profits Of 459 Million Euros, Up 4.7 Percent

The MAPFRE Group's first quarter results reveal a 2.6 percent growth in premiums to 6.114 million Euros and a 4.7 percent growth in pre-tax profits to 459 million. Shareholder's equity and total assets have increased as well by 14.6 percent and 16.5 percent to 9.338 million Euros and 70.651 million Euros respectively. On the other hand, attributable results decreased by 8% to 201 million Euros. This primarily was caused by greater profit shares allotted for external partners in jointly operated businesses.

MAPFRE Insular Launches Fast and Hassle-Free Claim Insurance Process

MAPFRE Insular, a non-life insurance company, introduces the new VIP Fast Track program. The VIP Fast Track is another trailblazing innovation in the claiming process for MAPFRE Insular Comprehensive Car Insurance policyholders.

VIP Fast Track gives current and new MAPFRE Insular policyholders the opportunity to enjoy the fastest and most hassle-free claiming process by requiring only one document for submission when filing a claim.