A health, life and income protection comparison site has announced plans to expand in the next 12 months.
ActiveQuote, which is celebrating a decade in the business this month, currently has 160 staff employed at its headquarters in Cardiff Bay but plans to increase this headcount to 200 in 2020.
Rob Saunders, CEO of ActiveQuote, said: “A combination of new partnerships and the continuous development of our products and services has meant that we have seen continued growth in recent years. We are really excited about the future for ActiveQuote and looking forward to expanding the team.
“We celebrated the anniversary with a staff party at Revolution in Cardiff and will soon be expanding into new offices within our building.
"We are so proud to celebrate our growth which has been achieved through sheer hard work and continuous development in the brand and our proposition. We have a great team and we are looking forward to building on this momentum through 2020.”
The company will be looking for roles in DevOps and sales as it takes up additional room in its offices.
In its 10 years since launch, ActiveQuote has become the first comparison service to compare health insurance policies in the UK and allow customers to tailor-make their policies by adding or removing options such as hospital cover and physiotherapy.
ActiveQuote was created by Richard Theo and he is now the Government’s FinTech envoy for Wales and has also gone on to set up Wealthify, a low cost, ‘robo’ investment service that looks to make the process of becoming an investor easier.
Mr Saunders added: “I can’t quite believe it’s been two years since I joined the business, looking back over that period I’m couldn’t be more pleased with the progress made.
“This year we’ve had year on year revenue growth of 24% and we’re forecasting this to increase this to 43% in 2020.
“Whilst solid growth is important from a trading perspective, I’ve taken much more satisfaction from seeing new people come into the business, embrace our culture and go onto fulfil their potential in a short space of time.
“Of course, all the revenue growth and recruitment in the world is for nothing if the service you’re offering isn’t exceptional and I am so pleased that in the past few years we’ve won industry awards for Customer Excellence ahead of our peers, and have an Excellent rating on independent review sites like Trustpilot and Review.co.uk.
“However, what is at the heart of ActiveQuote is that we never ever take for granted the responsibility we have to give customers the right advice when it comes to protecting their future health and protection needs.
“I’m hugely excited by our growth plans for the next few years, our Knowledge Transfer Partnership with Cardiff University sees us investing in emerging data tools to help make buying health and protection insurance even easier for customers.
“My vision for ActiveQuote is to transform and own the way customers buy health and protection insurance in the UK, whilst arranging insurance to protect ourselves is never top of our to do list we do our best to make it as easy and cost effective as it can be.”
Richard Theo said: “ActiveQuote is a perfect example of where technology has disrupted a traditional business model. With great software and digital platforms we were successful in taking a large share of the intermediated health & protection insurance market in a relatively short space of time”.
