MAPFRE, S.A. · Majadahonda, Madrid Spain ·(Spanish: MAP)
Company Description
Phone: +34-91-581-1100
Fax: +34-91-581-1134
Rankings
- IBEX 35
- Madrid General
View MAPFRE, S.A. Locations On A US Map
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This link will open in a new window To whom do you turn when the "Running of the Bulls" doesn't work out so well? MAPFRE S.A., through its 250-plus subsidiaries, provides customers with life and non-life insurance, and reinsurance. MAPFRE does business primarily in its home country of Spain, where it is the largest insurance company, and in about 40 other nations, including many in Europe and South America. Offerings include dental, funeral, home, medical, travel, and even hunting and fishing insurance. It additionally provides related services, such as investment and pension funds. MAPFRE also maintains a very successful alliance with Spanish banking company Caja Madrid through which the companies cross-market each other's products. To read the full description, subscribe now.
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Key MAPFRE, S.A. Financials
| Company Type | Public - Spanish: MAP Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $21,475.2 |
| 2007 Employees | 29,740 |
MAPFRE, S.A. Executives
3 executives listed for MAPFRE, S.A.'s Majadahonda, Madrid location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Jose Martinez Martinez | Network |
| Vice Chairman | Filomeno Candel | Network |
| Secretary | José Manuel González Porro | Network |
Competition
Competitive Landscape for MAPFRE, S.A.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top MAPFRE, S.A. Competitors
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