Insurer profile
MAPFRE Santander Portugal - Companhia de Seguros, S.A.
MAPFRE Santander Portugal is a non-life insurance company resulting from a joint venture between MAPFRE Seguros and Grupo Santander, formed through the acquisition of a qualifying stake in Popular Seguros; MAPFRE holds 50.01% and Banco Santander 49.99%, with Banco Santander acting as the exclusive distributor of its motor, SME multirisk and third-party liability insurance in Portugal until December 2037.
Source- Legal entity
- MAPFRE Santander Portugal - Companhia de Seguros, S.A.
- Headquarters
- Avenida José Malhoa, 13, 1070-157 Lisbon, Portugal
- Parent group
- MAPFRE S.A. / Banco Santander (joint venture)
- Regulator
- Insurance and Pension Funds Supervisory Authority (ASF - Autoridade de Supervisão de Seguros e Fundos de Pensões)
- Phone
- +351 210 739 304
- [email protected]
- Founded
- 2006
- Last verified
- Aug 26, 2026
Products from MAPFRE Santander Portugal - Companhia de Seguros, S.A.
motor
Auto Protection Insurance
Flexible motor insurance offering mandatory third-party liability plus optional Standard, Plus and Prestige coverage levels for vehicle, driver and occupants.
motor
Business Auto Protection Insurance
Motor insurance for businesses including third-party liability cover and travel assistance for company vehicles.
property
Business Multirisk Protection
Multirisk insurance for micro and small commerce/services businesses covering insured property, financial losses, and damage to third parties and the environment, with assistance to establishments.
liability
Work Accident Protection
Insurance that protects employees in the event of a workplace accident, as required for Portuguese employers.
property
Leasing Protection
Protection for goods and equipment acquired under leasing arrangements.
cyber
Business Cyber Protection
Cyber insurance for businesses and sole proprietors that provides liability protection, system/data recovery assistance, and business interruption cover following cyber incidents.
Regulatory updates
In October 2020, the ASF authorized MAPFRE Seguros Gerais to acquire a qualifying 50.01% stake in Popular Seguros (formerly wholly owned by Santander Totta Seguros de Vida) and approved the renaming of the company to MAPFRE Santander Portugal – Companhia de Seguros; the joint venture was also cleared by the European Commission under EU merger control rules in September 2020. The company is registered with the ASF as insurer no. 1167, authorized to sell non-life insurance branches.
Offer pages
Motor casco
MAPFRE Santander is a motor casco insurance for the Portugal market with online purchase and 24/7 assistance.
Last verified Aug 27, 2026