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15/10/2014
Autoline To Create 60 New Jobs
Enterprise, Trade and Investment Minister Arlene Foster has announced that Autoline Insurance Group, headquartered in Newry, is creating 60 new jobs.
Autoline is one of Northern Ireland's leading independent brokers, providing a range of insurance and financial services to both personal and business clients across Northern Ireland. The new jobs will support a further move into the wider UK and Republic of Ireland markets and form part of the company's multi-million pound investment plans over the next four years.
Arlene Foster said: "Autoline's success has been built on innovation. It was the first broker in Europe to launch an app that offered insurance premium discounting directly linked to driving behaviour.
"As a result, it has significantly grown its customer base of young drivers. It is now planning to develop its own telematics and data analysis platform, which will help it to more than double its gross written premium by 2018 with almost 60 per cent of sales coming from outside Northern Ireland.
"The new positions being announced today, which will pay above the Northern Ireland private sector median, bring the total employed by Autoline to over 200. The additional salaries will contribute £1.5million a year to the economy.
"Invest NI is committed to supporting business growth and economic development across all areas of Northern Ireland and has offered Autoline £390,000 of support for the jobs, which will create employment opportunities for a wide variety of people.
"This expansion and the development of its data analysis platform will enable Autoline to remain at the forefront of the market, increasing and extending its market share."
(CD/JP)
Autoline is one of Northern Ireland's leading independent brokers, providing a range of insurance and financial services to both personal and business clients across Northern Ireland. The new jobs will support a further move into the wider UK and Republic of Ireland markets and form part of the company's multi-million pound investment plans over the next four years.
Arlene Foster said: "Autoline's success has been built on innovation. It was the first broker in Europe to launch an app that offered insurance premium discounting directly linked to driving behaviour.
"As a result, it has significantly grown its customer base of young drivers. It is now planning to develop its own telematics and data analysis platform, which will help it to more than double its gross written premium by 2018 with almost 60 per cent of sales coming from outside Northern Ireland.
"The new positions being announced today, which will pay above the Northern Ireland private sector median, bring the total employed by Autoline to over 200. The additional salaries will contribute £1.5million a year to the economy.
"Invest NI is committed to supporting business growth and economic development across all areas of Northern Ireland and has offered Autoline £390,000 of support for the jobs, which will create employment opportunities for a wide variety of people.
"This expansion and the development of its data analysis platform will enable Autoline to remain at the forefront of the market, increasing and extending its market share."
(CD/JP)
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