MCL InsureTech to create 10 new jobs in push for NI market share

  • MCL InsureTech, the online insurance company based in Coleraine, is planning to create 10 jobs in the next 6 months and an additional 40 new jobs over the next three to five year period.

    Local insurance firm MCL InsureTech is aiming to secure 5-10% of the online car insurance market in Northern Ireland, and is planning to scale up its operations rapidly as part of its plan. The company entered the Republic of Ireland market in 2009 and now handles over €80m worth of online car insurance policies in Ireland with a total market share of 5%, and it plans to make similar in-roads in Northern Ireland.

    The company operates insurance brands, and alongside the IT solutions company managed, DotSys Ltd and a media buying business entitled B Connected Media. The company has now announced ambitious plans for expansion over the next three to five years as they seek to continue to build customer base in Northern Ireland insurance market.

    The launch of its flagship NI brand "Its4Women" is aimed to take advantage of the impeding uncertainty around Brexit, which could destabilise the services industry here and give local firms an opening to grab market share. The firm believes that this is an ideal time to launch a new product into the NI market, and will be hiring 10 more staff over the next 6 months to accomodate the expansion.

    "We are investing heavily in Northern Ireland to support the expansion and have already made a commitment of over £1 million 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," commented Gart McClarty, Chief Executive, MCL InsureTech Ltd.

    Source: MCL InsureTech Press Release

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