Be Wiser reports annual growth

arrows-up-red

Profits up as policy numbers rise 23%.

Be Wiser Insurance has revealed a 20% increase in turnover to £25.9m (2013: £21.6m) for the year ended 31 May 2014.

The Andover-based broker saw pre-tax profits rise to £2.2m from £2m the previous year.

The personal lines specialist also declared a 23% jump in policy numbers from 142,000 to 175,000 for the past 12 months.

Staff and training
According to Be Wiser, spending on staff and training during the previous two years had a £2m impact on profits for the most recent period, with the company

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.