Expanding Gwent specialist insurance broker, Quote Detective, has unveiled job growth plans in line with new business signings.
Quote Detective, based in Pontypool, recently posted turnover figures of £1.8m on Gross Written Premium (GWP) of £12m compared with £500,000 on GWP of £3m in February last year.
During that period staff levels have grown steadily at the innovative insurance broker based at Mamhilad Park Estate,from an initial 13 to 45. Jobs are now poised to be boosted significantly on the back of new business wins.
Quote Detective will take on ten more staff in April and a further 12 in May.
Quote Detective pricing director Gareth Evans said:
“We have new insurance agencies including Equity and Markerstudy which further extends our footprint enabling us to quote to even more people. Both companies are highly respected, established insurance providers with excellent FCA ratings which provides our customers with peace of mind and a quality product.
“What this all means in practice for Quote Detective is more sales, higher turnover and an immediate need for more staff. We will be taking on a further ten staff in April and another dozen in May to support this growth.
“We have been on Compare The Market and Confused.com for several months and will be adding MoneySupermarket car in May/June. We anticipate that this will boost our sales by 25-30%
“With van we will be going live on Moneysupermarket in May and Confused van later in the Summer. By the end of the summer we aim to be selling £600,000+ of van policies on a monthly basis’
Mr Evans said:
“Insurers see our performance over the last two years and our conversion of traditionally difficult business and consider us to be worthy partners. The process of signing new
partners can take time as we are all authorised by FCA and checks need to be undertaken but we have a good team.”
The specialist ‘phone-based insurance business is currently recruiting at all levels as Quote Detective continues to negotiate terms with new insurers and improved terms with existing insurers leading to its immediate requirement for additional staff to handle demand.
Insurance broker Quote Detective which outgrew its premises at Cwmbran’s Springboard Innovation Centre and is now established in 4,000 sq ft of space at Johnsey Estates owned Mamhilad Park Estate has an eye on securing more onsite office space as it expands.
Quote Detective is owned by Next Risk solutions Ltd. The business works with leading businesses in the world of insurance broking and online quote comparison sites.