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 Launches “We’ll Take Care of It” Campaign; Strengthens its CSR Arm through Care Cards

MAPFRE Insurance launches “We’ll Take Care of It” campaign; strengthensPast its 5-month mark, the COVID-19 pandemic has upended every individual and their families; their career, businesses, and even properties. In the global perspective, this has strained and denuded people of viable solutions to keep afloat, more so riddled them on ways to protect their assets and uphold their financial stability.

In the Philippines, MAPFRE Insurance, a non-life insurance company offering general insurance products for optimum financial protection and risk management, stretches the efficacy of their newest campaign dubbed as “We’ll Take Care of It” by instilling ways they can help Filipinos in these extraordinary times.

Social and Sustainable Initiatives

Going beyond and taking their services another mile, MAPFRE Insurance continues to reach out to its market in need of concrete solutions by promoting ways to “Help and Protect” Filipinos through their home, car, business, travel, and personal accident insurance plans.

More so as a response to the Filipinos’ needs, the company has been actively involved in collaborative CSR projects such as its partnership with SOS Children’s Villages. The latter is one of the Philippines’ largest non-governmental organizations that supports vulnerable children and subsists on a clear vision that, “Children who have lost parental care find a home at SOS Children’s Villages,” and being, “the home that provides a normal family environment for orphaned, abandoned and neglected Filipino children.” SOS Children’s Villages currently has eight Children’s Villages in the Philippines, that are home to 1,000 children and young adults in 96 family houses.

“In these trying times, we believe that what it takes to stand the test of this life-altering event in this generation is to provide them a space wherein they can express themselves and their aspirations even in a small piece of canvas. Through our ‘We’ll Take Care of It Campaign’ and partnership with SOS Children’s Village, we continue to stir up the gifts of these young people while allowing others, our donors and clients, to patronize their artworks and give back to those who they take care of and those who are closest to them,” says Tirso Abad, MAPFRE Insurance’s President and CEO.

SOS Children’s Villages is concentrating their efforts on the noble cause of the SOS Care Cards, an innovative care package that individuals or institutions may purchase to make a difference to the children under SOS Villages’ care. SOS Care Cards were conceptualized to tie in with MAPFRE’s commitment to take care of those that matter. Through the program, donors will be able to provide necessary goods such as food and hygiene kits to the children whilst enjoying the benefits of the ‘Personal Accident’ insurance and Mediphone services. With enough reach, the partnership has set goals to raise PHP81 million in sales This could help sustain the organization’s programs for the children and support its fundraising efforts.

The Care Cards are segregated into two categories: The Individual Care package and The Corporate Care package. The prices aggregated in The Individual package are marketed for a minimum of PHP800 (pack of 3 cards) and a maximum of PHP2,500 (pack of 12 cards) while the Corporate package is marketed for a minimum of PHP8,000 (pack of 30 cards) and a maximum of PHP25,000 (pack of 120 cards).

“What makes this partnership with MAPFRE Insurance unique is that it brings out the best in our children through art. It empowers them to know that their craft can reach thousands of people and be used to show love and care for other people. Touching lives through our children’s art—this reminds us about why we continue doing what we do here in the Village,” says SOS Fund Development and Communications Director, Mr. Eduardo Uy Jr.

As the world continues to deep dive into the unknown future, quantifiable uncertainties exist for people and businesses but MAPFRE Insurance will be there to affirm the Filipinos that, “We’ll take care of it.”

To know more about MAPFRE Insurance’s 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.

To know more about SOS Children’s Village and the Care Cards and packages, visit their Facebook page: http://www.facebook.com/SOSCVPH, visit their website: https://www.sosphilippines.org/ or call (632) 8373-8767.

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 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

DepEd, Embassy of Spain, and Fundacion Mapfre Initiates Turnover of Road Safety Teaching Aids for Public Elementary Schools in PH

Spanish Ambassador to the Philippines, H.E. Luis Antonio Calvo, with DepEd Undersecretary of Programs and Projects Dina Ocampo, and Mapfre Insular president and CEO, Javier Warleta, initiated the turnover of Road Safety Teaching Aids for public elementary schools in the country, between Fundacion Mapfre and the Department of Education (DepEd).

The materials were given to improve the teaching-learning process in schools so that students may be aware of how to safely navigate Philippine roads, particularly the busy streets of the metro. Soft copies of the program’s materials will be stored in the DepEd Portal to provide easier access for the teachers. Ultimately, the goal is to reach out to 47,000 schools nationwide—both in the elementary and secondary levels. On top of raising awareness among the youth, DepEd, Mapfre, and the

Spanish Embassy would like to extend road safety consciousness to adults as well, since they are the members of society who use the roads more often. DepEd recognizes that changes will come faster if adults lead by example. As a start, teachers must be able to learn from the program and share it with their students and families.

The Spanish Ministry of Education and Embassy have worked closely with DepEd on special programs, and are thus very supportive of the project. The collaborators would like to emphasize safety as a way of life. They believe that values and health education are as important as traffic and car safety principles. Fundacion Mapfre, the corporate social responsibility arm of MAPFRE S.A., a leading Spanish insurance multinational company, operating in the Philippines through Mapfre Insular, has been working with the Department of Education since 2011, developing modules in two learning areas: Araling Panlipunan and Edukasyon sa Pagpapakatao. Since then, road safety has been taught in at least two thousand schools nationwide. Beginning this March 2015, teaching aids will be distributed and used in schools.