3/28/2021 0 Comments Mapfre Seguros Portugal
Banco Santander and MAPFRE today announced a new agreement that will see the reach of their bancassurance alliance extend across the whole of the Iberian peninsula.The financial institution will be the exclusive distributor of MAPFREs automobile, SME multirisk and third-party liability insurance in Portugal until December 2037.MAPFRE will now hold 50.01 percent of the joint insurance venture in the country, with Banco Santander owning the remaining 49.99 percent.Following the bancassurance agreement signed in January last year, Spains leading bank and insurer agreed to strengthen their corporate relationship, looking at where they could implement similar agreements in other markets.
![]() Jos Manuel Inchausti, CEO of MAPFRE Iberia, said: This agreement strengthens an alliance that is really building up a sizeable sales capacity. Santanders points of sale in Portugal will enable us to significantly increase our capillarity in the Portuguese market. Santander Totta is the largest private bank in the Portuguese market and has won every major international prize in the Portuguese banking sector, as well as the biggest accolades in terms of reputation in the finance sector. This new company, the creation of which is subject to approval by the competent authorities, will likely begin selling insurance during the fourth quarter of 2020. Mapfre Seguros Portugal Download For ITunesRedaccin MAPFRE 2020-07-08T10:44:5100:00 7 July 2020 Categories: Corporate News Comparte Est Noticia Facebook Twitter LinkedIn Email Latest Tweets Tweets by mapfre Follow us on: MAPFRE on your phone Download for iTunes Download for Android Download for Windows Phone Copyright MAPFRE Privacidad y seguridad Normativa legal Accesibilidad Advertencias MAPFRE. ![]()
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