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Founded in 1933, Mapfre Insurance Group, is the leading Insurance Company in Spain and the largest property and casualty insurance company in Latin America.
Mapfre Insurance Group is a global Insurer and reinsurer with a large interest in automobile insurance, travel, and roadside assistance services in 42 countries.
In January 2008 the Mapfre Group of insurance, reinsurance and assistance companies had over 2,300 branches and over 15,000 employees in these countries.
Mapfre is the parent company of Seguros Tepeyac S.A., Mexico, D.F.Mexican insurance, which has exceptional ratings in Mexico.
As of 2010, Mapfre has over 48.6 Billion Euros in Total Assets.
Mapfre Insurance Group is a worldwide insurer and reinsurer. As of January 2008 the Mapfre Group, which includes insurance, reinsurance and assistance companies, had more than 2,300 branches and employed more than 15,000 people around the world. Since being founded in 1933, Mapfre Insurance Group has become the leading insurance company in Spain and the largest property and casualty insurance company in Latin America. As of 2010, the company had total assets worth 48.6 billion euros.
 Currently, Mapfre boasts strong ratings for financial strength and claims paying ability. It has an A- rating from A.M. Best, an A+ rating from Standard and Poor's and an A1 rating from Moody's.
Mapfre S. A. offers high global ratings from Standard and Poors, A. M. Best for financial strength and claims paying ability (As of 2007).
- A- for financial stability: A.M. Best
- A+ (Strong) for financial strength: Standard and Poors
- A1 (Good) for financial strength: Moodys
As far as Mexican car insurance, Mapfre is the parent company of Seguros Tepeyac S.A., Mexico, D.F., which also has exceptional ratings in Mexico. Tepeyac has exhibited exceptional growth and remarkable stability and is currently listed among the top ten Mexican auto insurance companies in the country of Mexico. With more than $2.5 billion MXP in premiums written to date, Tepeyac shows no signs of slowing down. For this reason, travelers who want to buy high-quality Mexican insurance coverage can easily find what they need through the company.
A.M. Best has given high Mexico car insurance marks to Tepeyac and Mapfre for its prospects in the future. This is important because Mexico car insurance policies that are written today may not generate any claims for considerable periods of time. Consumers need to take care to buy Mexican auto insurance from a provider that has exhibited financial strength and security. That financial strength and security must exist presently, and it must be projected to continue into the foreseeable future.
Like many Mexican car insurance companies, Mapfre and Tepeyac is continually updating and changing its business plan. A.M. Best has deemed the Mexican insurance provider's plan to be reasonable, which is yet another sign of its ongoing financial stability and strength. The provider's plans for the future are considerably enhanced by its relationship with its parent company, Mapfre, which has an impeccable reputation in the industry.
It should be noted that Tepeyac's investment portfolio is also solid. Its contingency and technical reserves are adequately backed up by that portfolio, which also demonstrates the Mexican auto insurance provider's exceptional ability to pay out on any claims that are filed with it. The company also has a very strong BCAR or Best's Capital Adequacy Rating. A.M. Best has predicted that Tepeyac will continually improve upon its already exceptional ratio of adjusted Mexican car insurance policyholder surplus and net premiums written. Over the short to medium term, it is expected that Tepeyac and Mapfre will continue to exhibit financial strength and security in the Mexican insurance industry.
One thing that's expected to bolster Tepeyac's fortunes in the next few years is increased business from the pension sector. In anticipation of this increase, the Mexican auto insurance provider has started AFORE Tepeyac. This is backed up by Mapfre's existing management of privatized pension funds back in Spain. A.M. Best therefore backs up the concept of the Tepeyac pension venture and expects it to be successful.
 As positive as most aspects of the Tepeyac and Mapfre business are, factors in the country of Mexico may put a damper on some of the Mexican insurance companies' success. The economy in Mexico, as in many other parts of the world, has been foundering for some time. Furthermore, the Mexico car insurance competition that Mapfre and Tepeyac face down in Mexico is fierce. That competition is only expected to become more intense in the upcoming months and years. To stay strong and competitive, Tepeyac must continually work to see what its top Mexican car insurance competitors are doing and act accordingly.
All told, it is clear that Tepeyac is a solid option for people who are traveling to Mexico. There are many insurance providers who offer this type of coverage, and many are unrated, but no other company in Mexico is backed up by Mapfre, which is among the top Mexican car insurance providers in the world. Unbeatable financial strength and stability make Mapfre - and, in turn, Tepeyac - excellent options for anyone who is going to be driving in Mexico.
There's no need to wait until you're in Mexico to buy Mapfre Mexican auto insurance. Mexican Insurance Store now offers Mapfre/Tepeyac Mexico car insurance policies online. You can line up a great policy without leaving home.
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Mapfre Seguros - Quality Mexican Auto Insurance Online
