MAPFRE Insurance makes a difference by launching “Business Opportunity Seminar” for Filipinos in The New Normal

Philippines — In 2020, many businesses in the Philippines are going through a transformative experience due to the extenuating circumstances of COVID-19 where stricter guidelines influence decision-making. The Agency Unit of MAPFRE Insurance has migrated to online recruitment, with respect to preventive measures and to maintain momentum in growth and sales activities. The Agency Unit continues to power through this major shift and recognizes this year as an opportune time to become expansive in reach and appeal to prospective agents, through targeting and advertising placements.

A new and improved Business Opportunity Seminar (BOS) has been relaunched by The Agency Unit, in order to carry the nascent objective of recruiting new agents regularly and to concentrate focus on the Unit Manager Program that recently launched. The implementation of a revised BOS format is set in stone as the BOS event is managed through online execution. To garner more exposure, MAPFRE Insurance drive social traffic with regular advertising on their Social Media platforms. Moving forward, Unit Managers, current Agents and Sales Leaders make direct contact with leads generated via Facebook Advertising. Post initial contact, potential recruits from different regions will gather in the Business Opportunity Seminar to network and develop their skills as agents.

The Agency Unit of MAPFRE Insurance is the driving force of contribution in production sales. With the New Normal, the top initiative for The Agency Unit has been to nurture the agency force which includes growing the number of agents participating. The unit reported 200 recruits as of October 2020, surpassing the target of 180 recruits, and continues to grow exponentially by the month. The Agency Unit believes that if more agents are being recruited and retained, more and better sales will be generated for the company.

The global pandemic has created unexpected complexities for the Philippines and the biggest hurdle for Filipinos is striking a balance between operating businesses and controlling the highly contagious COVID-19 disease. The aggrandized status of COVID-19 has left more and more Filipinos unemployed and tailing substantial alternatives and opportunities for streams of income. Since July 2020, statistics indicate that 4.6 million Filipinos, derivative of the age groups 25-34, have been laid off and the industries that dominate unemployment include:

I. Arts, entertainment and recreation
II. Accommodation and food service
III. Information and communication

Nowadays, individuals are swayed by the screens flash from Social Media platforms and E-Commerce websites and attaining a sense of relevancy in today’s virtual world is considered a win for businesses. MAPFRE Insurance continues to enact positive change within agents and partners with the “We’ll Take Care Of It” campaign and aims to instill more integrity in the digital space. A two-part campaign is being developed that puts the spotlight on how becoming an Insurance Sales Agent for MAPFRE Insurance guarantees a career.

Filipinos have displayed utmost resiliency through these last eight months and MAPFRE Insurance, along with their agents, will be there to help turn things around and figure out a survival plan for the period of COVID-19.

MAPFRE INSURANCE Raises Capital to P900M; Takes the Lead in Non-Life Insurance

MAPFRE INSURANCE, formerly MAPFRE INSULAR, recently announced in a media launch that it has raised capital to P900 million, having complied with the minimum net worth requirement set for 2019 by the Insurance Commission, according to the New Insurance Code of the Philippines (RA 10607).

Amended in 2013, the law states that a domestic life or non-life insurance company should have at least a net worth of P250M by June 30, 2013, P550M by December 31, 2016, and reached P900M by December 31, 2019.

At the helm of MAPFRE Insurance is Mr. Tirso Abad, President & CEO, who shared the company breakthrough during the said event held on November 26, 2019. “This development shows the strengthened presence of MAPFRE Insurance in the Philippines, with a significant investment that will contribute to the industry and most especially improve the lives of Filipinos,” he said.

Marking its 85 years in the business, the company is anchored on three main objectives: to offer non-life solutions with relevant products, to be efficient in claims service, and to better serve the Filipino people.

Owned by MAPFRE Sociedad Anonima Spain at 75% majority, and Insular Life at 25%, MAFPRE INSURANCE is one of the non-life insurance companies with the highest capital and solvency in the Philippines.

In 2018, it introduced digital services and innovations such as the: MAPFRE INSULAR Virtual Office, centralized policy services and claims, QR code for verifying policies, 24/7 claim reporting, and expanded payment channels. The MAPFRE Insular Virtual Office is the first digital office portal for use of non-life insurance intermediaries – where partners can access accounts for renewal, draft quotations instantly, and make online payments.

“As we leap towards the digital future, we are presented with more choices to connect with people. This is a great opportunity to be more efficient and agile to serve our client’s unique needs. Since our launch last year, we have been continuously developing our channels and we look forward to be a digital leader as well for the insurance industry,” Mr. Abad added.

MAPFRE INSURANCE offers general insurance for optimum financial protection and risk management covering fire and allied lines, motor vehicles, personal accident, casualty, liability, engineering, marine cargo, and surety. The company has developed a wide network nationwide expanding from 10 branches to 16 sales offices in NCR, Isabela, Lipa, Iloilo, Cebu, Cagayan de Oro, and Davao, among many others.

For more information about the MAPFRE INSURANCE, you may visit http://mapfre.com.ph or email info@mapfreinsular.com

MAPFRE Insular’s ‘MAiassist’ Mobile App Revolutionizes Roadside Assistance

MAPFRE Insular revolutionizes how we see roadside assistance by pioneering a new mobile app that will benefit policyholders with roadside assistance that is practically at the tip of our fingers. This innovation, dubbed as the MAiassist mobile application, aims to provide fully automated roadside assistance initially, through SMS update facility and eventually via GPS.

MAiassist responds to three possible incidents: breakdown, theft, and accident. After selecting the assistance you need, the mobile app will automatically report the time and location of the vehicular concern. Then, your details are sent to MAPFRE’s assistance systems, which will send you a confirmation of your request. MAiassist also has a unique feature that allows the app users to receive real-time updates on the arrival of an assistance unit via SMS every 15 minutes of the tow truck’s location. In cases of extreme emergencies, you can directly contact assistance services by an automated telephone call.

MAPFRE Insular is one of the world’s most trusted insurance companies that offers non-life insurance, and is the first company to introduce this breakthrough in roadside assistance. “MAPFRE Insular is committed to give its policyholders only the best and most innovative service,” President and CEO Mr. Tirso C. Abad shares. “The MAiassist mobile app offers 24/7 reliable services and attends to accidents and breakdowns with speed and convenience. With this mobile app, all of MAPFRE Insular’s insurance policyholders can access easy, fast, and effective roadside assistance for whatever road incident that they may encounter.”

Policyholders can also modify their user profile, add additional vehicles, and access their request history. This mobile app is available in iOS and Android app stores.

So, no matter what road you are driving, easy and fast roadside assistance will always be within your reach wherever and whenever you need it through MAPFRE Insular’s MAiassist app.

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’s Compulsory Insurance Coverage for Agency-Hired Migrant Workers is a comprehensive insurance package that is set to address the needs of Filipino Migrant Workers.

The very nature of accidents is that they are unexpected, but with MAPFRE Insular’s insurance
package, OFWs are protected from heavy financial burden in the event of an emergency.

The comprehensive package provides OFWs with assistance for Repatriation in case of termination of employment or death; Subsistence Allowance for OFWs involved in a case or litigation; Legitimate Money Claims Insurance or money claims arising from employer’s liability;
Compassionate Visit in case of OFWs hospital confinement, Medical Evacuation Insurance in case of inadequate medical facility in the area of work; and Medical Repatriation Insurance in case an OFW needs to be transported back to his country of origin as deemed necessary by medical workers.
“Our service considers financial security of our modern heroes and their family as our top priority, which is why we made sure that our insurance coverage for our OFWs will be truly beneficial,” says Tirso Abad, president and CEO of MAPFRE Insular Philippines.
Kabayan Abroad Online Community Kabayan Abroad is an online community that aims to bring together Filipino workers all around the world. Kabayanabroad.com, MAPFRE Insular’s online community for OFWs, is a venue for
OFWs to communicate with each other and obtain useful and inspirational tools for their day-today lives abroad. OFWs in the site may also share their views and own experiences to help other OFWs who are visiting the site.

For inquiries or more information about the OFW insurance and other MAPFRE Insular services, check out www.mapfre.com.ph or call their Teleservice hotline (02) 876-4400 or email them at teleservice@mapfreinsular.com.

MAPFRE Insular introduces 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.

MAPFRE Insular offers the simplest claiming process in the industry, as it requires only three documents. Now, with the VIP Fast Track claiming process, the three documents are reduced to one*!

Enrolling your policy in the VIP Fast Track program is as easy as 1-2-3. You only need to submit the valid driver’s license of the car owner or the nominated driver, together with the car’s OR/CR (official receipt/copy of registration), or if the vehicle is brand new, the car’s invoice; and the duly filled-up application form.“When the need to claim comes, the client will only need to present the Incident Report Form (IRF)*—and this is what makes this new VIP Fast Track process unique! You don’t need to worry about submitting other documents for claiming. With MAPFRE

Insular’s VIP Fast Track process, you get to enjoy a hassle-free experience and gain more confidence the next time you drive your car,” says Tirso Abad, MAPFRE Insular President and CEO.

For more information about MAPFRE Insular and its VIP Fast Track program, visit www.mapfre.com.ph, call Teleservice at (+632) 876.4400 or visit your nearest local MAPFRE Insular branch

*Note: Applicable for own damage claims only.

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.

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. 

“We at MAPFRE Insular are continuously strengthening our geographical presence to make our services easily available and affordable to more Filipinos nationwide through our various distribution networks,” says, Tirso Abad, President and CEO of MAPFRE Insular. “Our multi-channel offices and sales offices have grown in total production by 37.6% and 146.9% respectively in the first quarter. These channels have been driving growth in the Accident, Fire and Motor business through an active agents’ network focused on selling retail products,” Abad adds. 

MAPFRE Insular completed the first quarter of the year with several programs that aim to improve consumer experience of existing products and services. In March, MAPFRE Insular launched its VIP Fast Track Claiming process, an innovation in the motor car insurance claims procedure that only requires one document* when making a claim. Clients may now enjoy a fast, easy and convenient claiming experience once they have enrolled their car insurance policies in the program.

Other than this program, MAPFRE Insular continues on improving its systems and processes for the satisfaction of their consumers through its technological and digital enhancement such as Tronweb – an IT system allowing for an improved integration of company-wide processes and standardized database analysis that would lead to a more working efficiency.

MAPFRE Insular in support of the government’s advocacy to increase insurance awareness has also recently made available a program for low-income urban population in Metro Manila. The 1 company has established Kabuhayan at Kinabukasan Alay ng MAPFRE sa Pinoy (KaKAMPi) Microinsurance, a program to educate and help protect families from the financial burden of coping with costs associated with the unexpected death of family member. Moreover, the KaKAMPi Mo scratch card was launched for the same target. The scratch card is an accessible and affordable personal accident insurance solution for the low-income urban population. Continuously engaging in programs and offering services that are focused in contributing to the betterment of the Filipino society, MAPRE Insular ensures that the welfare of their customers is their top priority. This commitment motivates the company in the continuous improvement of its products and services.

The company is gearing for more innovations and expansion in 2015.

For more information about MAPFRE Insular’s services, visit www.mapfre.com.ph.

This is a press release

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.

“We at MAPFRE Insular are continuously strengthening our geographical presence to make our services easily available and affordable to more Filipinos nationwide through our various distribution networks,” says, Tirso Abad, President and CEO of MAPFRE Insular. “Our multi-channel offices and sales offices have grown in total production by 37.6% and 146.9% respectively in the first quarter. These channels have been driving growth in the Accident, Fire and Motor business through an active agents’ network focused on selling retail products,” Abad adds.

MAPFRE Insular completed the first quarter of the year with several programs that aim to improve consumer experience of existing products and services. In March, MAPFRE Insular launched its VIP Fast Track Claiming process, an innovation in the motor car insurance claims procedure that only requires one document* when making a claim. Clients may now enjoy a fast, easy and convenient claiming experience once they have enrolled their car insurance policies in the program.

Other than this program, MAPFRE Insular continues on improving its systems and processes for the satisfaction of their consumers through its technological and digital enhancement such as Tronweb – an IT system allowing for an improved integration of company-wide processes and standardized database analysis that would lead to a more working efficiency.

1 MAPFRE Insular in support of the government’s advocacy to increase insurance awareness has also recently made available a program for low-income urban population in Metro Manila. The company has established Kabuhayan at Kinabukasan Alay ng MAPFRE sa Pinoy (KaKAMPi) Microinsurance, a program to educate and help protect families from the financial burden of coping with costs associated with the unexpected death of family member. Moreover, the KaKAMPi Mo scratch card was launched for the same target. The scratch card is an accessible and affordable personal accident insurance solution for the low-income urban population.

Continuously engaging in programs and offering services that are focused in contributing to the betterment of the Filipino society, MAPRE Insular ensures that the welfare of their customers is their top priority. This commitment motivates the company in the continuous improvement of its products and services.

The company is gearing for more innovations and expansion in 2015.
For more information about MAPFRE Insular’s services, visit www.mapfre.com.ph.

*For own damage and clear cut claims only

– END –

MAPFRE Insular is a non-life insurance company offering general insurance for optimum financial protection and risk management. It provides insurance services on fire and allied lines, motor vehicle, personal accident, casualty, liability, engineering, marine cargo, surety, and micro insurance. Founded in 1934, MAPFRE Insular today ranks among the top five in the non-life insurance industry in terms of earned premiums, investment income, and net income. MAPFRE Insular is a part of the MAPFRE Sociedad Anonima, the largest insurance conglomerate in Spain.

It is also the leading non-life insurance company in Latin America and the 6th largest non-life insurer in Europe. MAPFRE S.A. operates mainly in Spain and in over 47 countries worldwide. It has more than 23 million customers, insured vehicles, and millions of insured homes.

www.mapfre.com.ph

https://www.facebook.com/MAPFREInsularInsurance