Daily Insurance Industry News
 
 
Daily Insurance Industry News
Wednesday 15th of August 2018
July 30, 2009

Kwik Fit reports record car insurance sales

by Gill Montia

Story link: Kwik Fit reports record car insurance sales

Kwik Fit Insurance (KFI) has achieved a new record for sales, with 1,500 policyholders signing up for car insurance in just 24 hours.

The volume represents the strongest single day’s trading since the firm was established in 1995.

Managing director of Kwik Fit Financial Services Group, Brendan Devine, said: “The commitment and relentless effort shown by our staff ensures that customers continue to receive the best possible products and service.”

In the past fortnight the Lanarkshire-based intermediary has also revealed ambitious plans for expansion.

The firm, which is backed by French venture capitalist group PAI Partners, is looking to growth through acquisitions and to double its motor insurance business from 500,000 to one million policyholders, before 2014.

In addition, negotiations are underway with potential joint venture partners which could result in KFI branching out into underwriting its own policies.

 

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