MADRID – 11 JANUARY 2017 - SOLUNION, an expert in credit insurance, has begun operations in the Dominican Republic with support from MAPFRE, its 50/50 shareholder along with Euler Hermes. SOLUNION now offers solutions and services that enable companies in the country to cover risks in their trade operations in order to safely expand their business.
MAPFRE BHD, MAPFRE's subsidiary in the Dominican Republic, will issue credit insurance policies for Dominican companies. SOLUNION Mexico will provide risk control and management services.
In recent years, Dominican macroeconomic fundamentals have been strengthened, improving the business climate. The fiscal deficit fell from -6.8% of GDP in 2012 to -0.6% in 2015 and 2016 GDP growth is estimated at +4.9%, according to Euler Hermes’ country risk report..
"The Dominican Republic is a growing market where local companies are developing increasingly intensive commercial activity inside and outside the country," said Fernando Pérez-Serrabona, CEO of SOLUNION. "We want to help them in their growth, supporting them by insuring those operations that guarantee greater activity and lead to growth in the nation's business sector overall."
With the Dominican Republic launch, SOLUNION now offers its credit insurance solutions and services for companies of all sizes in a wide range of business sectors in nine countries in Latin America.