Life insurance sales to begin in Massachusetts by Mapfre USA

life insurance agent policy

The largest auto insurer in the state has now announced that it is branching into this coverage sector. The Commerce Insurance parent company, Mapfre USA, has now announced that it will be branching out into the life insurance market in Massachusetts, expanding its offerings to consumers in the state. This is occurring as the company faces increasing competition in the auto insurance market. Large national companies such as Progressive and GEICO have been putting the pressure in the traditional business of Mapfre USA, so that insurer is now reaching out…

Read More

Leading European property and casualty insurers saw premiums increase of 5.2%

Spain-based MAPFRE has released the results of its 7th annual survey of European insurance companies and has ordered them based on their writing of gross premiums, determining that all of the top insurers were able to both raise their revenues from premiums and achieve successful outcomes that were largely based on activity outside their own countries. The survey specifically examined non-life insurers, and the report published by MAPFRE stated that the top ten insurance companies saw an increase of 5.2 percent in their premiums, bringing them to $283.39 billion in…

Read More