Barely two weeks since One Call Insurance was restricted from charging renewal fees to its customers for four months, the insurance intermediary is rolling out a new car insurance sub-brand.
The Yorkshire-based brokerage, which last month
was hit with a £684,000 fine for how it handled client money in previous years, has developed One Quick Quote – an online tool designed to provide prospective policyholders with a motor insurance quote in a minute. The promise: no lengthy forms to complete.
One Call said the new sub-brand has been introduced following what it described as a record-breaking year in terms of gross written premium, with nearly 20% year-on-year growth. It added that as of January 2018 it has reached the 500,000 live customer milestone.
“The launch of One Quick Quote comes at a great time for the business and is the culmination of 18 months of hard work involving our in-house technology, compliance and marketing teams, but also our external insurance partners,” said managing director Nik Springthorpe. “We’re delighted to now be in a position to launch it to the public and hope to entice time-starved consumers who are on the hunt for a quick and simple alternative to the traditional three- to five-page long quote forms that have become the norm for online insurers, brokers, and even PCWs (price comparison websites).”
As for the recent slap from the Financial Conduct Authority (FCA), chief executive John Lawrence Radford – who was managing director during the period examined by FCA – also faced a fine of £468,600.
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