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

Brokers push for more from RSA/NIG

Brokers have given a mixed report on communication levels around the RSA and NIG deal but with the process kicking forwards today have expressed the hope the takeover will make more products available.

Market Movement Index: should I stay or should I go?

New research from analyst Broker Insights shows there is plenty of commercial policy movement – particularly in lower premium classes – which indicates strong competition and adequate capacity. But do brokers agree? Rachel Gordon reports.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: