Kwik Fit reports sharp rise in home and motor business

by Gill Montia

Story link: Kwik Fit reports sharp rise in home and motor business

Kwik Fit Insurance (KFI) has reported a sharp rise in sales of motor and home insurance.

In the traditionally quiet month of December, the intermediary recorded a 12% year-on-year rise in motor business, writing close to 18,000 new policies, in what it describes as a highly competitive market.

Meanwhile, sales of home insurance policies rose by 20% on December 2007, with 3,160 additional policies written.

KFI business development director, Bert Main, puts the growth down to competitive rates made possible by the company’s strong relationships with the UK’s leading insurers.

He adds that the new business figures for December are excellent and reflect another successful year as a whole.

The company says it will be maintaining its focus on staff retention and training in the year ahead and will continue to expand online.

Around 80% of KFI’s new business is now conducted through web sales, with half of that volume coming through price comparison sites.

Established in 1995 KFI now employs around 1,000 staff at its Uddingston call centre in Lanarkshire.

Call volumes are up to 10 million a year and over 60 new jobs are anticipated in 2009.