A consolidated alliance: Mutua Madrileña and El Corte Inglés
Mutua Madrileña, under the leadership of Ignacio Garralda, has drawn up a strategic plan to strengthen its alliance with El Corte Inglés over the next three years. This alliance, launched in 2023, has proven to be a resounding success, with a notable increase in insurance sales through department stores.
El Corte Inglés, for its part, has experienced significant growth in insurance sales since partnering with Mutua Madrileña. In 2023, its sales increased by almost 23%, demonstrating the strength of the alliance and the value it brings to both companies.
Team expansion: more professionals for a better service
Mutua Madrileña aims to increase its team of professionals by 25%, reaching 1,000 employees by the end of the strategic plan. This increase will allow us to offer a more personalized and efficient service to customers, further strengthening the alliance with El Corte Inglés.
Asset management business development
In addition to the sale of insurance, Mutua Madrileña and El Corte Inglés have also embarked on the joint development of an asset management business. The objective is to reach 1.5 billion euros under management in 2026, which demonstrates the confidence of both companies in the potential of this sector.
Strengthening business with CaixaBank
Mutua Madrileña also aims to strengthen its alliance with CaixaBank, which has been a strategic partner for the last thirteen years. The insurer expects SegurCaixa Adeslas premiums to exceed €5.5 billion in 2026, which represents significant growth.
Growth in the auto, home and asset sector
In addition to its strategic alliances, Mutua Madrileña also focuses on organic growth in the auto, home and asset management lines. The insurer aims to reach 4 million auto policies in 2026, an increase of 12%. It also expects to increase its portfolio of home policies by 38% and exceed 27,000 million euros in assets managed by Mutuáculos.
A promising future for Mutua Madrileña
Mutua Madrileña’s strategic plan for 2023 and beyond is a clear example of the insurer’s ambition and commitment. By strengthening its strategic alliances, expanding its team and focusing on organic growth, Mutua Madrileña is positioned for a future of success and prosperity.
