Massachusetts-based online insurance marketplace, EverQuote Inc is setting up a 70-person software development centre in Northern Ireland.
The 70 new jobs are expected to deliver over £3.7m into the NI economy through salaries, said Economy Minister Diane Dodds when making the announcement.
She continued: “It was our skilled workforce that initially attracted EverQuote to Northern Ireland, and the adaptability of our people that convinced them this was the right location for the new development centre."
Invest NI has offered the company £420,000 to support the investment.
EverQuote connects consumers with insurance providers and is striving to be the largest source of insurance policies in the world, "using data and technology to make insurance simpler, more affordable and personalised, ultimately reducing cost and risk."
The company has already recruited 12 people for its new NI software development centre, all currently working from home. It added that the new jobs will attract 'high level salaries'.
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Tomas Revesz, Chief Architect and co-founder said: “We started considering locations for the new development centre in early 2020 and were recommended to consider Northern Ireland. The combination of talent, capability and the strong cluster of InsurTech companies that we found when we visited Northern Ireland really impressed us.
“As a company, we also place significant importance on providing meaningful skill and career development opportunities for our people. We were keen to ensure we had the ability to work with local universities to create a team that has a blend of both experience and new talent. The calibre of the two universities, and the graduates they are producing made Northern Ireland very attractive to us as well.
“The government’s partnership with the business community here, through advice, guidance and financial support, is very reassuring as a new investor. The support of the team at Invest NI has most definitely made this decision easier to make, and easier to implement.”
Kevin Holland, CEO, Invest Northern Ireland said: “EverQuote is expanding its product development team here to support its growth and expansion business strategy into new insurance areas such as health, rental and direct-to-consumer markets. The new software development team in Northern Ireland will drive engineering and software excellence to support its US operations.”
EverQuote currently employs around 425 staff across its offices in Massachusetts and Washington State.
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