Outlets || Small and medium-sized businesses are the main targets of a €40 million expansion drive by Spanish insurance company Mapfre.
The firm, which has been operating in Portugal for the last 30 years, intends to triple its number of outlets and take advantage of the fact that pensions and state help are now on the way out.
Says the blurb, the plan, to be spread over the next five years, will push both health and life insurance and try and offer “an answer to the needs of consumers concerned by the reduction in guarantees up until now supplied by the “Social State”.
Businesses are to be specifically targeted, explained administrator António Belo, as they have been up until now “poorly exploited” by insurance companies.
The idea is to increase the number of clients in Portugal from the current 350,000 to at least 500,000.
