Monday 16th July 2012
Be Wiser Insurance

Andover based Be Wiser Insurance Services Limited, an insurance broking company specialising in private car insurance, has experienced strong growth this past year.

Its annual accounts to 31st May 2012 show premium income growth of 43%, up to £76 million from last year's £53 million. The underlying profit before tax also showed an impressive growth – £2.3 million against last year's £1.3 million.

The ever expanding insurance brokerage, which celebrates its 5th birthday this month, has continued to experience rapid growth during year-end 31 May 2012 achieving a turnover increase of 43% to £17.4 million - up from £12.1 million in 2011. With balance sheet total assets exceeding £1 million, the company has an excellent base for future development during the next and future years.

The company plans on investing part of this year’s profits into further developing its established Training Academy, which includes the recent introduction of its Surestart Development Programme – a career scheme for sixth form and college leavers.

Finance director, Andrew Dunkerley, said: "The year ending 31st May 2012 marks only our fifth year of trading. Every year has seen incredible growth and it is a testament to the skill and hard work of the directors and staff that the company.

“Be Wiser Insurance has always had a strong commitment to staff training and development, so putting some of the profits from the past year back into the training of existing staff and the introduction of our new Surestart Development Programme was a logical step.

“We’d also like to thank our auditors Moore Stephens who ensure that the annual accounts are produced as quickly as possible after the year-end.”

Client policy holder numbers now stand at 110,000, up from 77,000 last year, and staff numbers are up to 300. Within its five years of business, the FSA regulated company has been ranked 13th in The Sunday Times Virgin Fast Track 100 in 2011 and it also appears in the Top 10 UK Brokers. Acting for the majority of the largest UK based insurance companies, Be Wiser Insurance represents over 30 household names including Zurich, Aviva, AXA and Ageas.

For more information on Be Wiser Insurance visit: ww2.bewiser.co.uk

For more information on Be Wiser Insurance visit: ww2.bewiser.co.uk

Notes to editors:

  • Be Wiser Insurance is a fast growing success story during a time of economic difficulty
  • Be Wiser Insurance is an independent insurance brokerage with four offices in Andover, Hampshire
  • Be Wiser Insurance focuses mainly on personal lines insurance – private car, motorcycle, commercial vehicle and household insurance
  • Be Wiser Insurance is FSA registered
  • Be Wiser Insurance commenced trading in July 2007
  • Be Wiser Insurance currently has over 110,000 clients
  • Be Wiser Insurance works with over 30 mainly UK ‘household name’ insurance companies, including Zurich, Aviva, AXA and Ageas
  • In December 2011, Be Wiser Insurance was placed 13th in The Sunday Times Virgin Fast Track 100 which champions the UK’s top performing private companies
  • Be Wiser Insurance appears in the Top 10 UK Brokers
  • Be Wiser Insurance has been awarded Investors in People status
  • Be Wiser Insurance has introduced several key features to all policy holders:
  • - Free RAC breakdown cover for all motor clients (cars, vans, motorcycles)
  • - Free Helmet & Leathers cover for all motorcycle clients
  • - Free Identity Theft cover for all homeowners
  • - Free , Gadget, Handbag and Wallet cover for all motor clients (cars, vans, motorcycles)
  • For additional information on Be Wiser Insurance please visit: ww2.bewiser.co.uk
  • For all press enquiries please contact:

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