Laferla signs Insurance Agency agreement with MAPFRE MSV Life

Laferla Insurance Agency recently signed an agency agreement with MAPFRE MSV Life, in a move which sees the Laferla and MAPFRE elevate their relationship in the Life Assurance sector in Malta.

Through this new agreement, Laferla, which previously acted as a Tied Insurance Intermediary for MAPFRE MSV Life, will have broader opportunities to offer MAPFRE MSV Life’s extensive range of Life Assurance products, including Protection and Loan Protection Plans, Whole of Life, Unit-Linked and With-Profits Saving Plans, Pension Plans, and Corporate Pension Schemes, to its existing clientele.

Laferla will be able to offer more efficient access to complimenting insurance products, such as combining Loan Protection Plans together with Home Insurance, Landlord Insurance or Business Insurance products to satisfy credit facility requirements.

The company will also be able to add Corporate Pension Schemes to its existing suite of Employee Benefits products such as Group Health, Group Life and Accident insurance to employees of corporate customers, offering the most effective employee benefits insurance solution in the market.

This investment continues to solidify the excellent relationship between the Laferla and MAPFRE brands.

About Laferla

Laferla Insurance Agency Limited is Malta’s leading insurance agent, founded in 1984. The company has always been recognised for offering an excellent customer service in both underwriting and claim handling functions, focusing on efficiency as well as innovation.

About MAPFRE MSV Life

MAPFRE MSV Life p.l.c is the leading life assurance company in Malta offering life assurance protection, savings, investment and retirement plans. The company boasts of over 120,000 policies in force and total assets of over €2.7 billion as at 31.12.2021.

From left: Michael Galea – Business Development Chief Officer (MAPFRE MSV Life), Mark Laferla Jr – Joint Managing Director (Laferla Insurance Agency), Keith Laferla – Joint Managing Director (Laferla Insurance Agency), Etienne Sciberras – Chief Executive Officer (MAPFRE MSV Life).

Laferla Insurance Agency Ltd (C-14529) is enrolled under the Insurance Distribution Act to act as an Insurance Agent for MAPFRE Middlesea p.l.c. (MMS) and MAPFRE MSV Life p.l.c. (MMSV).

MMS (C-5553) and MMSV (C-15722) are authorised under the Insurance Business Act. All entities are regulated by the Malta Financial Services Authority.

MAPFRE refers to MAPFRE Middlesea p.l.c. and MAPFRE MSV Life p.l.c..