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Fitch affirms MAPFRE Sigorta’s ‘Stable and Strong’ position!

The International Credit Rating Agency Fitch Ratings affirmed MAPFRE Sigorta’s National Insurer Financial Strength (IFS) Rating at AA+ (Tur).

Fitch Ratings, the international credit rating agency, has affirmed MAPFRE Sigorta’s National Insurer Financial Strength (IFS) Rating at ‘AA+(tur)’, with ‘stable’ outlook . The rating indicates that MAPFRE Sigorta has maintained its market share in a stable and strong manner in 2021 and expects that the company will remain among the top-10 Turkish non-life insurers. 

Fitch noted that MAPFRE Sigorta’s solvency remained solid during H1 of 2021, adding that the financial flexibility of MAPFRE Sigorta was rated as positive given MAPFRE Groups’ very strong credit profile and global reach and expertise. Fitch’s report positions MAPFRE Sigorta as “Important” for MAPFRE Group and underlines the strong and established status of MAPFRE Sigorta in Turkish insurance market.