2014 Off To A Great Start For Berkeley Alexander As Business Figures Soar
25 February 2014
24th February 2014: General insurance provider, Berkeley Alexander, has got off to a record start in 2014 with results of sales via its distribution partners up by 100 per cent on January 2013.
Speaking about the results, Alan Collinson, Business Development Director at Berkeley Alexander commented: “2014 is off to a great start for the industry as a whole, the housing market is recovering, mortgage application numbers are up by 20% according to the Bank of England, and more and more homeowners need protection for their most valuable asset in a time when growth of the economy is still uncertain. We held some concerns that the additional workload caused by a rising mortgage market might adversely impact on GI sales, but our results suggest that this is not going to be the case after all.”
However, Berkeley Alexander’s results reflect more than just a market trend. They demonstrate that it is ‘getting it right’ in terms of the unique model it provides.
Alan explains: “We invested significantly in our Home, Landlords and ASU/MMPI propositions in 2013, and have built one of the largest home insurance product panels available to advisors. This has resulted in ongoing support from our distribution partners, who recognise that we are truly delivering something unique.”
However, Berkeley Alexander believes there is still much work to be done in 2014, especially in light of the figures released by Paymentshield. According to the survey, almost one third of homeowners are without vital protection. 34% have no contents insurance, 81% are without mortgage protection and a staggering 96% have no income protection.
“We will work hard to address this gap in the market” Says Alan. “We will continue to improve and expand the services we provide and deliver advisors with the tools they need to ensure their clients have access to the right level of protection at the right price. This is especially important for the first time buyer market where cash strapped homeowners may turn to aggregators and purchase cover solely on the basis of price. I urge advisors to grasp the opportunity to demonstrate the value of comprehensive protection and how they can deliver first class cover that matches the individual needs and circumstances of the clients.”
During 2014 Berkeley Alexander plans to further strengthen its distribution base via Independent Financial Advisors, Mortgage Brokers and network partners, as well as further enhancing its product offering with several new products and new systems such as its recent GI integration into ‘All New Mortgage Brain’. Watch this space for more news.
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For further information please contact:
SJ Douglas, Spotlight Communications: sj@spotlightcomms.co.uk 07909546104
Kelly Prior, Spotlight Communications: kelly@spotlightcomms.co.uk 07730572878
About Berkeley Alexander Ltd:
Berkeley Alexander Ltd, a general insurance wholesaler, offers IFAs and mortgage brokers a wide range of personal and commercial lines of insurance. Drawing on a number of insurers, it is known for its comprehensive range of competitive, innovative products.
Kelly Prior
Consultant
Mobile: 07730572878
www.spotlightcomms.co.uk
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