MAPFRE re­tains rank­ing of one of the top ten in­sur­ance com­pa­nies in Europe

Malta Independent - - BUSINESS & FINANCE -

MAPFRE re­tains its rank as one of the top 10 in­sur­ance com­pa­nies in Europe in the 2015 edi­tion of the an­nual list. The pre­mium rev­enue of the 10 largest Euro­pean in­sur­ance groups grew 7.8 per cent in 2015 com­pared with the pre­vi­ous year, climb­ing to €483,479 mil­lion. In Malta, MAPFRE is rep­re­sented by MAPFRE Mid­dle­sea.

This growth was achieved in a con­text fraught with dif­fi­cul­ties and un­cer­tain­ties in the global eco­nomic en­vi­ron­ment. One fac­tor that clearly im­pacted the fi­nan­cial re­sults of these groups, in terms of both rev­enues and earn­ings, was the fluc­tu­a­tion in the dif­fer­ent ex­change rates. This was par­tic­u­larly sig­nif­i­cant in 2015, most no­tably as a re­sult of the de­pre­ci­a­tion of the euro and the Latin Amer­i­can cur­ren­cies against the US dol­lar and the Bri­tish pound.

This is the 12th edi­tion of the rank­ing, and the first one com­piled by the MAPFRE Stud­ies Ser­vice for Fundación MAPFRE, which also pub­lished the rank­ing of the largest Non-Life in­sur­ance com­pa­nies in Europe, in which MAPFRE oc­cu­pies the sixth po­si­tion.

As a last point to note, nearly all the groups an­a­lyzed in the study ei­ther in­creased or main­tained their sol­vency ra­tio in 2015, and they all have ad­e­quate lev­els of cap­i­tal­iza­tion and fi­nan­cial strength.

MAPFRE is a case in point, boast­ing the high­est sol­vency mar­gin (ex­pressed as the num­ber of times by which a group ex­ceeds its manda­tory sol­vency) of the main Euro­pean groups.

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