The Non-Life business of Mapfre is under pressure with a voluntary rigorous underwriting policy and growing competition. The deal with Santander is an opportunity to increase sales volumes at a relatively lower cost. In addition, the expertise of the bank in the SME segment is a guarantee for the quality of the future business.
27 Jun 2019
Mapfre and Santander: a cooperation of leaders
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Mapfre and Santander: a cooperation of leaders
Mapfre SA (MAP:WBO) | 0 0 1.3% | Mkt Cap: 8,463m
- Published:
27 Jun 2019 -
Author:
Bassem Neifer -
Pages:
3
The Non-Life business of Mapfre is under pressure with a voluntary rigorous underwriting policy and growing competition. The deal with Santander is an opportunity to increase sales volumes at a relatively lower cost. In addition, the expertise of the bank in the SME segment is a guarantee for the quality of the future business.