Newcastle based insurance wholesaler On Insurance is going from strength to strength after securing two large contracts with national insurance providers, creating new jobs in the region.
Founded in 2014 to meet the demand for high quality, flexible add-on insurance products to the broker industry, the company is turning over on average £200,000 plus GWP (Gross Written Premium) with a projected turnover in excess of £600,000 for financial year 2017. In its first year the company sold 8,000 policies, with that figure now standing at more than 75,000.
On Insurance is a trading name of On Hire, who was recently named one of the regions 2016 fastest 50 growing companies in the North East by law firm Ward Hadaway. The company offers brokers a range of value added products to enhance motor, family and commercial insurance policies, allowing them to provide bespoke packages to their customers and tailoring them to individual needs.
National insurance sales manager Mike Brown said: “The level of flexibility we bring to the broker is incomparable to that of our competitors, in terms of bespoke packages.
“We understand that no two customers’ needs are the same, which is why we have a range of policies to suit each individual circumstance. We can source almost any products requested, ensuring customer satisfaction every time.”
“No one wants to have to pay more for insurance – especially add on products they won’t necessarily benefit from. On insurance works to ensure customers only pay for products they need to stop them incurring extra charges.”
Since its launch, the company has increased its product range considerably and will be looking to add new and innovative products to its portfolio in the coming months.
Part of legal giant the Winn Group, the company is headed up by Mike Brown, who has over 40 years’ commercial and personal insurance experience. He has also worked for two high profile names in the industry – the AA and the RAC. The company is now actively recruiting to grow its team as it expands to respond to market needs.