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The Path to Success of MAPFRE

In: Companies and Entrepreneurs in the History of Spain

Author

Listed:
  • Leonardo Caruana de las Cagigas

    (University of Granada)

Abstract

This chapter explains the success of Mutualidad de la Agrupación de Propietarios de Fincas Rústicas de España (MAPFRE), the leading insurance company in Spain. Founded in 1933, it first developed its business in agricultural accident insurance. The nationalization of this insurance sector led the company to invest in car insurance. It became the leading insurance company in 1983. International expansion followed from 1984 onwards. Excellent management enabled MAPFRE to dominate the non-life insurance market in Latin America. In addition, it expanded to the United States, Canada, Turkey, China, the Philippines and to other European countries such as Italy, Britain, Germany and France. The last big move was the shift from a mutual company to a stock company in 2006.

Suggested Citation

  • Leonardo Caruana de las Cagigas, 2021. "The Path to Success of MAPFRE," Palgrave Studies in Economic History, in: María Vázquez-Fariñas & Pedro Pablo Ortúñez-Goicolea & Mariano Castro-Valdivia (ed.), Companies and Entrepreneurs in the History of Spain, chapter 0, pages 217-228, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-61318-1_13
    DOI: 10.1007/978-3-030-61318-1_13
    as

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