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ECONOMY| 16.07.2021

Financial newsletter

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MAPFRE premiums grow 6.2% in the first half of the year

As part of its commitment to transparency, the Group has published the progress of premiums by region and business unit. During the first six months of the year, MAPFRE’s insurance premiums reached 9,713 million euros, while premiums for the insurer’s business as a whole amounted to 11,633 million euros. In Spain, premiums grew by around 7%, exceeding 4,250 million euros.

The ECB strategy: Draghi’s legacy

The central bank’s new inflation target marks a turning point in the eurozone’s monetary policy. However, Alberto Matellán, chief economist at MAPFRE Inversión, believes that the new strategy will be based on maintaining the extraordinary tools that have been used so far to achieve the most important objective: financial stability.

MAPFRE: the largest internationally active Spanish insurance group

At the end of 2020, 67.8% of MAPFRE’s premium volume came from outside Spain. A recently published report, The Spanish Insurance Market 2020 report, elaborated by MAPFRE Economics, points out that MAPFRE was thus the insurer with the strongest presence outside of its home territory.

MAPFRE launches its first renewable energy fund

Once again, the Group reinforces its commitment to sustainable investments in Spain. A new co-investment vehicle created jointly with Iberdrola, in which MAPFRE has an 80% stake, highlights the importance of the energy transition and the green economy as a way to rebooting the industry and strengthening employment.

“We have to be prepared for the fact that this may not be the perfect year”

With the arrival of summer, possible market movements should not alarm investors, who expect the second half of the year to be more moderate than the first. Alberto Matellán, chief economist at MAPFRE Inversión, believes that this year we won’t reach the pre-pandemic level and stresses the importance of character in knowing how to make decisions in situations of uncertainty.

The lessons learned by entrepreneurs during the pandemic

The Spanish population often encounters resistance when looking for entrepreneurship opportunities. This is one of the conclusions of the Diagnosis of the Impact of COVID-19 on Entrepreneurship in Spain report, presented jointly by the MAPFRE Observatory of Sustainable Finance and the Royal Academy of Doctors in Spain, which analyzes the main solutions proposed to emerge stronger from the current crisis.

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