Berkeley Alexander Reports Strong Growth
28 February 2019
28th February 2019: General insurance provider, Berkeley Alexander, has reported strong growth for 2018. Results to the end of December reveal a 40% increase in new introductions in the last quarter alone, up 60% on the same period last year. The number of new brokers joining Berkeley Alexander rose too by 11% in Q4. Intermediary online quotes to its system have also continued to rise at a rate of 25% month on month.
Speaking about the results, Geoff Hall, Chairman at Berkeley Alexander commented: “Against the backdrop of a highly competitive environment, we are delighted to report these results. The business has gone from strength to strength this year, with continued investment in our online quote and buy system and most importantly in our people. We’ve successfully recruited some outstanding individuals who continue to drive forward new initiatives and work hard every day to exceed client expectations.”
Last year Berkeley Alexander recruited Dave Probert to the team to spearhead the launch of a new HNW Division as well as making a number of Business Development appointments. It also secured the return of Mark Hutchings as Managing Director. It launched a new sourcing system that halved the quote time, made it easier to compare product features, and gave advisers more help with the latest FCA compliance, and also launched a new range of compliance proof GI add-on products at the end of 2018. It continues to offer one of the largest online quote and buy panels in the market.
Geoff continues: “We have a truly unique proposition which is proving very popular in the market. Our mix of delivering streamlined online sales backed up with a personal service, is keeping us one step ahead of the competition and the market. We are tapping into high growth markets like HNW and growing both our distribution and customer base. As always, we will not stop there and will invest further across all areas of our business to ensure we continue to be the adviser’s general insurance provider of choice.”
