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MAPFRE Malta announces total Group profit after tax for the year amounted to €12.92 million

MAPFRE Malta announces total Group profit after tax for the year amounted to €12.92 million
newsbook.com.mt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbook.com.mt Daily Mail and Mail on Sunday newspapers.

Javier Moreno , Profit Fund , Middlesea Assist Ltd , Middlesea Assist , Customer Focus , Gaining Efficiency ,

MAPFRE Malta registers group profit of €14.29m after tax in 2020

MAPFRE Middlesea plc, as a standalone company, registered a turnover of €75.12 million in gross premium written, a one per cent 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 the 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. ....

Martin Galea , Felipe Navarro , Middlesea Assist Ltd , Solvency Ratio , மார்டின் கலெ , ஃபெலிப் நேவாரு ,