During this well attended presentation held at the Corinthia Palace in Attard, David G. Curmi, Chief Executive Officer of MSV Life gave an overview of the 2013 results in which the Company registered a profit before tax of €15.48 million for the year ended 31 December 2013 sustaining the profitability patterns emerging in the prior year which saw the Group report €15.98 million profit before tax. During the same presentation Mr. Curmi also announced an increase in the Company’s 2013 Regular Bonuses under its core savings and investment products from 3.1% to 3.35%.
Stuart Fairbairn, Chief Officer – Business Development presented the audience with the Company’s ongoing business strategy and also highlighted various new product launches and incentives, among which a business incentive scheme for intermediaries which will run for the next 6 months . During his presentation Mr. Fairbairn also announced a special offer on all maturing Single Premium Plans in which the Company would be allocating an additional 2% on the re-invested portion of the maturity value of the plan.
The purpose of this annual presentation is to provide a detailed explanation of MSV Life’s performance during the previous year and the plans and objectives of the Company for the current year.
MSV Life’s strong multi-channel distribution network plays a very important role in the performance of the Company. Mr. Curmi stated ‘through these presentations we seek to involve our intermediaries, bring them closer to the Company and encourage them to provide us with ideas, voice concerns and continue to work with us as important stakeholders’.
MSV Life p.l.c. is authorised by the Malta Financial Services Authority to carry on long term business under the Insurance Business Act 1998 COM090414