Movestic is the only part of the Chesnara Group which delivers against the core objective “Enhance value through profitable new business”. From their Stockholm base, Movestic operates as a challenger brand in the Swedish life insurance market. They offer transparent unit linked pension and savings solutions through Independent Financial Advisors. Movestic is currently one of the most selected providers of advised occupational pension plans within the fund insurance segment in Sweden.
Movestic places great importance on providing quality service to both customers and IFAs, with simple, clear unit linked products, supported by an attractive and broad investment fund range. The aim of Movestic is to offer policyholders the best funds and management services on the market. Year after year, their customers have enjoyed good returns on their savings. This means that they can offer a real chance of a better future when the time comes for their customers’ retirement.
Movestic also has a portfolio of risk and health products which offer protection should the worst happen. Their range of policies is closely adapted to the needs of their customers, and their claims handling is one of the best in the Swedish industry.
Unlike the UK operations, Movestic manages its own servicing. An in-house model is deemed more appropriate given the focus towards tailored high quality servicing of IFA’s and the fact the business is growing.
As an “open” business, Movestic not only adds value from sales but as it gains scale, will become increasingly cash generative which will fund further growth or contribute towards the Group’s dividend strategy.