News 2020

MAPFRE Malta reinforce its commitment towards corporate social responsibility during Coronavirus pandemic

MAPFRE Malta reinforce its commitment towards corporate social responsibility during Coronavirus pandemic

MAPFRE Middlesea p.l.c., as a standalone Company, registered a turnover of €75.12 million in gross premium written, a 1.0% increase over FY2019 registering a marginal increase in its market leadership share. In a year dominated by the COVID-19 pandemic, premium growth was severely depressed, with the market only marginally increasing in volume as economic activity slowed down. Technical results improved over previous year as the near lockdown months and the lack of tourist visiting the island affected favourably the claim frequency particularly in Motor. Fewer large losses occurred during the year with a lower effect on results compared to the previous year.

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Fundacion MAPFRE sponsors therapeutic facility at Inspire Foundation

Fundacion MAPFRE sponsors therapeutic facility at Inspire Foundation

For the fourth consecutive year, Fundacion MAPFRE has partnered up with Inspire Foundation, through a generous donation that will allow specialised services for children and adults with a disability to continue. The sum of €53,000 has been contributed to cover the running costs of one of Inspire’s therapeutic facilities – the Multi-Sensory Rooms (MSR).

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MAPFRE Malta reinforce its commitment towards corporate social responsibility during Coronavirus pandemic

MAPFRE Malta reinforce its commitment towards corporate social responsibility during Coronavirus pandemic

Despite the challenging times caused by the COVID-19 pandemic, MAPFRE Malta has remained committed to its corporate social responsibility objectives, namely to protect the health of its employees, collaborators, clients, and other individuals and entities who were negatively affected by the COVID-19 crisis; and its commitment to the implementation of several social welfare projects carried out by Fundación MAPFRE throughout 2020.

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