Press
QUINN-direct ENTERS UK MOTOR INSURANCE MARKET
OFFERING CHEAPER COVER FOR YOUNG MOTORISTS
QUINN-direct, which has dramatically shaken up the Irish insurance market in recent years, has now launched low cost private motor cover in the UK, in a move that it believes will have a similar impact on this market.
QUINN-direct, which employs over 1,000 personnel in Ireland, is one of the top three general insurers there and is part of the larger Quinn Group. The Quinn Group, which has interests in cement production, property, glass container manufacturing as well as plastics and radiator production, employs over 5,500 people in Ireland, UK and Europe, and has been in business for over 30 years. It is seen as one of the most enduring success stories in Irish business. QUINN-direct has seen annual growth in excess of 30 percent for each year of its nine year history.
With this recent move into the UK, QUINN-direct now provides motorists of all ages with competitive motor insurance prices, but particularly first time and inexperienced drivers, many of whom struggle to find affordable motor insurance cover elsewhere. The company prides itself on being able to offer motorists reasonably priced motor insurance cover on the basis of savings it can make in the claims management process. It also offers easy monthly payment plans to all ages so making it easier to get on the road. Cover is instant over the phone or online.
To date the formula has been extremely successful in Ireland where the company is known for its straightforward, pragmatic approach. It has rapidly grown to be one of the top three motor insurers in Ireland since its launch in 1996 and has gained a reputation for value and innovation along the way. With over 250,000 policyholders the company has been recognised by government and regulators as a key player in driving down insurance costs in Ireland, which has historically had one of the most prevalent claims cultures in Europe.
According to Kevin Lunney, General Manager, the entry of QUINN-direct will be of a major benefit to UK motorists. "QUINN-direct has completely changed the motor insurance industry in Ireland by continually reducing the cost of motor insurance for consumers and we intend to do the same in the UK. Motorists, especially young motorists, are paying too much for motor insurance and we can offer them a way to get on the road without having to pay crippling insurance costs," he added.
The company has been selling Commercial or Business insurance in the UK for the past 18 months and is also launching a Commercial Vehicle product later this month. It also recently opened its first UK sales support centre in Salford Quays in Manchester.
For further information, please contact:
Andrew McLindon, WHPR
Tel: 00 353 1 669 0030
Mobile: 00 353 87 288 9601
E-mail: andrew.mclindon@ogilvy.com
Notes:
QUINN-direct is part of the Quinn Group, which has operations in the UK in the areas of glass, radiators, plastics and hotels. The Quinn Group is one of Ireland's leading companies and had sales in 2004 of £700million.
The Group is currently completing construction of a new £200million glass container manufacturing facility at Ince in Cheshire, which will emplo over 400 people.
The Group also has additional interests in the UK including hotels in Cambridge and Nottingham.
Benefits
- We work in partnership with our policy holders.
- We have a fast and efficient claims service which reduces cost resulting in lower premiums.
- We pay up to 50% of policy excess to our liability policy holders who help us avoid legal costs.
- We provide the highest levels of customer service with local representatives around the country.
