MAPFRE Donates 54 Million Euros to Fight COVID-19

MAPFRE, which is taking many actions to protect people, the economy, and jobs, and to help society  overcome the current COVID-19 crisis, is allocating 54 million euros to support customers and suppliers. This  is in addition to 5 million euros recently donated to accelerate COVID-19 research in Spain.

This action is announced within the framework of MAPFRE’s strategy against COVID-19, based on  three lines of action: protect people, safeguard economic activity, especially employment, and help  society to overcome the impact in the medium and longer term.
At this time, more than 90% of MAPFRE’s 34,000 employees worldwide are working remotely to  reduce the risk of contagion and to guarantee service to customers, who in Spain are being offered a  free advisory service to learn how they can take advantage of the support that is on offer.

With nearly 7 million customers in Spain, MAPFRE will return 30 million euros to its self-employed and SME  customers, being the part of their insurance premiums that correspond to the time that the current Spanish  state of alarm is in force. MAPFRE will also allocate up to 24 million euros to billing advances for its suppliers. The measure
tries to help alleviate the economic difficulties caused by the stoppage of activity for professionals  who regularly collaborate with the company, due to COVID-19.

“We want to support all the professionals who work with us, who serve our customers, and strive every day  to ensure that MAPFRE’sservice is of the highest quality. Now is the time to support them, because they are  also an essential part of our value chain,” said Antonio Huertas, Chairman and CEO of MAPFRE.

These funds are in addition to 5 million euros made through Fundación MAPFRE to the Spanish National  Research Council (CSIC) to accelerate virus research in Spain, especially COVID-19, plus 20 million euros for  personal protection and medical equipment, including ventilators, for healthcare authorities in 27 countries,  mainly in LatAm, and 10 million euro to protect employment and for psychological support in Spain.

About alastair walker (3433 Articles)
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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