Menu
30/01/2019
Coleraine Based Insurance Firm Announces Expansion & Recruitment Drive
An online insurance company based in Coleraine has announced plans to create 10 new jobs in the next six months as part of a major expansion plan.
MCL InsureTech hopes to create a further 50 jobs over the next three to five years as it aims to replicate its success over the last 10 years in the Republic of Ireland market.
The firm operates insurance brands Boxy.Mo.ie which offers competitive insurance to young drivers and rewards better driving and 25plus.ie which provides online home, car, travel, health and property cover for those over 25.
An IT solutions company and a media buying business also make up part of MCL InsureTech's portfolio.
The company is set to launch a new insurance brand, 'Its4Women' in NI next week and aims to secure up to 10% of the local online car insurance market over the next five years.
Chief Executive Gary McClarty said: "We are thrilled to be announcing an ambitious expansion programme that will build our customer base in the Northern Ireland insurance market. The forthcoming launch of our flagship 'Its4Women' brand is a key step in this process and with the uncertainty surrounding Brexit it is an ideal time for us to bring our great value and convenient proposition to the Northern Ireland market.
"We are investing heavily in Northern Ireland to support the expansion and have already made a commitment of over £1million in advertising spend. Further investment in our IT and contact centre businesses is planned, which should deliver an additional 50 new jobs across a range of disciplines over the next 3 to 5 years. It's a really exciting time for MCL InsureTech."
Staff numbers at the firm have tripled over the last decade from a team of just 30 to 102, while it solidified its position within Ireland's insurance market.
"Within ten years MCL InsureTech has become one of Ireland's leading online insurance companies. We initially launched our brands in the Irish market due to the fact that there was a bigger target audience and potential growth could be achieved more readily. It was a strategy that worked. Our unique online proposition has enabled us to capture around €80 million of the motor insurance market in the Republic which equates to nearly one in every twenty vehicles."
(JG/MH)
MCL InsureTech hopes to create a further 50 jobs over the next three to five years as it aims to replicate its success over the last 10 years in the Republic of Ireland market.
The firm operates insurance brands Boxy.Mo.ie which offers competitive insurance to young drivers and rewards better driving and 25plus.ie which provides online home, car, travel, health and property cover for those over 25.
An IT solutions company and a media buying business also make up part of MCL InsureTech's portfolio.
The company is set to launch a new insurance brand, 'Its4Women' in NI next week and aims to secure up to 10% of the local online car insurance market over the next five years.
Chief Executive Gary McClarty said: "We are thrilled to be announcing an ambitious expansion programme that will build our customer base in the Northern Ireland insurance market. The forthcoming launch of our flagship 'Its4Women' brand is a key step in this process and with the uncertainty surrounding Brexit it is an ideal time for us to bring our great value and convenient proposition to the Northern Ireland market.
"We are investing heavily in Northern Ireland to support the expansion and have already made a commitment of over £1million in advertising spend. Further investment in our IT and contact centre businesses is planned, which should deliver an additional 50 new jobs across a range of disciplines over the next 3 to 5 years. It's a really exciting time for MCL InsureTech."
Staff numbers at the firm have tripled over the last decade from a team of just 30 to 102, while it solidified its position within Ireland's insurance market.
"Within ten years MCL InsureTech has become one of Ireland's leading online insurance companies. We initially launched our brands in the Irish market due to the fact that there was a bigger target audience and potential growth could be achieved more readily. It was a strategy that worked. Our unique online proposition has enabled us to capture around €80 million of the motor insurance market in the Republic which equates to nearly one in every twenty vehicles."
(JG/MH)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
19 February 2019
Coleraine Based Insurance Firm To Sponsor North West 200 Race
An online insurance provider based in Coleraine is set to sponsor the Supertwin Race at the North West 200 in May this year. MCL InsureTech, a widely used provider in the Republic of Ireland, is expanding its operations into Northern Ireland and will sponsor the Thursday evening race during the popular motorcycle meeting in Portrush.
Coleraine Based Insurance Firm To Sponsor North West 200 Race
An online insurance provider based in Coleraine is set to sponsor the Supertwin Race at the North West 200 in May this year. MCL InsureTech, a widely used provider in the Republic of Ireland, is expanding its operations into Northern Ireland and will sponsor the Thursday evening race during the popular motorcycle meeting in Portrush.
16 April 2014
Local Insurance Company Removes Common Van Insurance Obstacles
Local company, Find Insurance NI, is going that bit further to make life easier for their van insurance customers. Whether you use your van for business or pleasure, making sure your insurance policy is up to date is one of those necessary evils that you just can’t avoid. The team at Find Insurance NI understand that your time is precious.
Local Insurance Company Removes Common Van Insurance Obstacles
Local company, Find Insurance NI, is going that bit further to make life easier for their van insurance customers. Whether you use your van for business or pleasure, making sure your insurance policy is up to date is one of those necessary evils that you just can’t avoid. The team at Find Insurance NI understand that your time is precious.
15 January 2020
Brexit Prompts NI Insurance Firm To Set Up In Dublin
A Coleraine based insurance firm is to reroute £60 million of business to Dublin in a bid to Brexit-proof its operations. MCL InsureTech has relocated operations to Swords, Dublin after 10 years of processing at it's Co L'Derry base.
Brexit Prompts NI Insurance Firm To Set Up In Dublin
A Coleraine based insurance firm is to reroute £60 million of business to Dublin in a bid to Brexit-proof its operations. MCL InsureTech has relocated operations to Swords, Dublin after 10 years of processing at it's Co L'Derry base.
16 November 2004
Job cuts hit CIS district office network
The Co-operative Insurance Society (CIS) is to close 106 regional offices with the loss of 900 jobs. Unions have said that many staff felt a "sense of anger and betrayal" after the company confirmed plans announced earlier this year to close its District Office network by the end of 2005.
Job cuts hit CIS district office network
The Co-operative Insurance Society (CIS) is to close 106 regional offices with the loss of 900 jobs. Unions have said that many staff felt a "sense of anger and betrayal" after the company confirmed plans announced earlier this year to close its District Office network by the end of 2005.
08 December 2003
FSB welcomes report on Employers’ Liability Compulsory Insurance
The Federation of Small Businesses, welcoming a number of the proposals announced in the Government’s review of Employers’ Liability Compulsory Insurance (ELCI), have warned that there is still some way top go on this issue.
FSB welcomes report on Employers’ Liability Compulsory Insurance
The Federation of Small Businesses, welcoming a number of the proposals announced in the Government’s review of Employers’ Liability Compulsory Insurance (ELCI), have warned that there is still some way top go on this issue.
-
Northern Ireland WeatherToday:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
