Daniel Galea

New Maltese Actuary within MAPFRE MSV Life team

New Maltese Actuary within MAPFRE MSV Life team

MAPFRE MSV Life p.l.c. is pleased to announce that Daniel Galea, a senior member of its Actuarial Team, has successfully completed all required examinations which lead to a fellowship qualification with the Institute and Faculty of Actuaries (IFoA) in the U.K.

Daniel graduated from the University of Malta with a BSC (Hons) in Mathematics, Statistics and Operational Research in 2010. During the last two years of his degree he was a student worker at MAPFRE MSV Life. Upon graduation, he joined the company as an Actuarial Executive whereupon he commenced his studies to become a Fellow of the Institute and Faculty of Actuaries. During this time, he has also actively contributed to fund raising events as part of MAPFRE MSV Life’s Corporate Social Responsibility initiative.

On completion of his professionalism course, Daniel Galea will be the third Maltese actuary to qualify at MAPFRE MSV Life p.l.c., following the qualification of Josef Gauci earlier in 2019 and Andrea Fenech Adami in 2020. The company now has 3 home grown Maltese Life Actuaries in the team and is very proud of these excellent achievements.

Another up-and-coming member of the team, Stephanie Mallia, has also made good progress, passing the specialist application paper in life assurance and is now only two examinations away from the official qualification. Further to this, Kevin Psaila has also passed two exams in the core principles series, which further boosted his tally.

“Well done to all. You should all be very proud of your achievements. Needless to say this is the result of hard work, perseverance and personal sacrifice. It is also worth noting that the members of our team are pursuing their studies whilst still putting in extra work hours to ensure that our key projects remain on track,” said Etienne Sciberras, CEO of MAPFRE MSV Life. “We are very proud to have them on board our team”, he continued.

Actuaries are problem solvers and strategic thinkers, who use their mathematical skills to help measure the probability and risk of future events. They use these skills to predict the financial impact of these events on a business and facilitate risk management.