Specialist insurer JRW Group recorded its ninth straight year of growth with a turnover increase of 26% in 2016, fueled by the introduction of new products.
The company announced a £9.2 million in gross written premium for last year, up from £7.3 million in 2015 and £5.9 million in 2014.
Earnings before interest, tax, depreciation and amortisation remained stable at around £2 million, after extensive investment in the company’s portfolio and the launch of two new brands – Insure4Drones and Insure4Boats.
“Our strong performance has been driven by the introduction of new products where we see demand in niche sectors,” said JRW Group CEO Colin Whitehead. “It’s been a year of investment and growth and we expect 2017 to be very similar.”
“We’re looking for growth this year to continue at the same rate, across all our brands, and we’ll be introducing more online products to complement our portfolio,” he added.
Whitehead said the company has expanded its marketing and IT teams in order to roll-out new products at a faster rate and to support further the continued growth of all online products.
“We make sure our technology is the best it can possibly be and we are constantly reviewing and improving it,” he said.
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