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.
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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."


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