In competition with 26 other insurance companies Modern Insurances Life and four additional insurance companies have been elected as suppliers of the unit link insurance within the new ITP plan. The new ITP plan's solution for unit link insurance offers salaried employees, who are included in the pension plan, a limited number of unit link insurance companies and their respective funds. Modern Insurances Life, being the third largest unit link insurance company in Sweden measured by means of new sales during the fourth quarter 2006, has already taken a strong position within the private white-collared employee segment, resulting in a market share of 14% of this segment's occupational pension scheme in the fourth quarter."Through the choice of Modern Insurances Life as insurer for the new ITP plan, the salaried employees included in the pension plan, will have the possibility to choose products with low fees and a selective choice of highly qualitative funds as well as new thinking product development. These components will give the salaried employees a most favorable pension product", says Lars Nordstrand, President of Modern Insurances Life. For further information, please visit www.invik.se or contact: Anders Fällman, President and CEO, Invik & Co. AB +46 (0)8 562 000 20 Lars Nordstrand, President, Modern Insurances +46 (0)8 562 006 71 Life Mattias Björk, CFO, Invik & Co. AB +46 (0)8 562 000 58 __________________________________ Invik is a finance group with a broad product profile focusing on insurance, banking and fund management. Invik is active in a number of carefully selected segments in which the Group can create high growth and build long-term, successful companies, while consistently focusing on profitability. Group companies are distinguished by their constant efforts to seek new avenues for growth in profitable niches in the financial sector. Invik is made up of five major financial operations: Modern Insurances Non-life, with its direct insurance operations focusing on individuals and small companies; Modern Insurances Life, which offers life, pension and endowment insurances; Assuransinvest manages the remaining run-off portfolio; Banque Invik, a private bank based in Luxembourg with operations in asset management, card operations and corporate services and Invik Funds, which pursues fund operations in Aktie-Ansvar and Modern Funds. Invik is listed on the Stockholm Stock Exchange Mid Cap under the name INVKB.
Modern Insurances Life becomes insurer for the new supplementary pension plan's (ITP) unit-link insurance
| Source: Invik & Co. AB