MAPFRE: STRATEGIC PLAN AND CANCELLATION OF ID (ANÁLISIS BANCO SABADELL)
At the AGM that has been held today, MAP has announced its new targets and Strategic Plan for the 2022-24 period, and has cancelled the ID scheduled for the 23rd of March. We highlight the following messages: Pillars of the Plan: The plan is divided into 3 pillars: (i) Growth, with the core markets/businesses being Spain, Brazil and the US, and the Reinsurance business. The company will also place its bet on markets/businesses with high strategic value and profitability as well as on the Global Risks and Assistance businesses. The aim will be to increase cross-selling for customers via customer-oriented models and to reinforce and/or expand distribution channels, with a focus on the bancassurance, Autos and online segments; (ii) Improving internal efficiency via digitisation, cost-control measures and improvement technical profitability through the control of the average claims cost; and (iii) Transformation and sustainability: the objective is to become a more digital group, with sustainability targets being implemented in day-to-day management.
Mapfre is an insurance company based in Spain. Co. is the parent company of a group engaged in the underwriting and provision of insurance in Spain and abroad. Insurance policies provided include: life, non-life, accident, home-owner, general and health. Through its subsidiaries, Co. is also engaged in the provision of reinsurance, the management of investment funds, pension funds and pension plans, real estate and related services. On the domestic market, Co.'s activities include managing investment funds, pension funds and pension plans, real estate and other service businesses.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.