The company leads the insurance sector ranking
MAPFRE is among the 20 companies that are showing the greatest levels of commitment and social responsibility in light of the situation the country is experiencing as a consequence of the pandemic deriving from the coronavirus, according to the extraordinary ranking prepared by Merco and released today.
Specifically, the company is ranked 14th, with a total of 3,900 points, and leads the insurance sector ranking. The Group has mobilized more than 200 million euros to deal with the consequences of this health and economic crisis.
MAPFRE has allocated 115 million euros to support employment in Spain. Of the total, 60 million is going to the group most affected by this crisis: the self-employed and SMEs; and the other 55 million euros will be deployed as advance invoicing for the company’s providers that have been forced to either shut down or slow down their activity due to the coronavirus.
Furthermore, Fundación MAPFRE has assigned 35 million euros to a number of projects. Of the total, 5 million euros were donated to the Higher Council for Scientific Research (CSIC) to accelerate coronavirus-related research; 20 million euros went toward the procurement of ventilators, medical supplies, PPE and testing in long-term care facilities, hospitals and medical centers in 27 countries; and another 10 million euros has been assigned to specific actions in Spain to help the most needy groups.
MAPFRE has also participated in the solidarity fund that the insurance sector has created to protect health care personnel, contributing 5.7 million euros to this Life insurance fund, which covers more than 700,000 professionals. It also launched an investment fund to finance the purchase of medical equipment, which raised 50 million euros in just two weeks.
In addition, at the outset of the crisis in March, chairman and CEO, Antonio Huertas, affirmed his commitment to maintaining employment at the group, announcing that neither MAPFRE nor Fundación MAPFRE would implement any temporary redundancies.
More than 250 experts and more than 2,000 citizens participated in this ranking exercise, evaluating the actions being carried out by large companies as the crisis unfolds. The fundamental axes on which this classification has been based are, among others, the maintenance of employment and the protection of workers; support with protection material and donations to the health system or donations to solidarity initiatives.