Broking Success: Embracing technology

Mark Thomas, founder of Compare Insurance, is looking to harness the power of technology even further to continue the pace of 60% growth the business achieved last year.

Compare InsuranceGWP: £9mStaff: 52Specialisms: SME and micro SMELocation: SwanseaWhat is your career in insurance?

I started up a life insurance business and I wanted to look at ways of diversifying into other forms of insurance. We started with a very small one person commercial arm and grew and grew. In 2016 we decided that actually there is a lot of potential to really scale up the commercial insurance arm. 

We split it into two distinct companies, a life insurance company and a commercial

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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