Business

Coleraine-based insurance firm set to create 50 jobs as it targets growth in the north

Online insurance firm MCL InsureTech is creating up to 50 jobs as part of major expansion plans in Northern Ireland. Pictured is MCL chief executive, Gary McClarty

A COLERAINE-based insurance company is creating up to 50 jobs as part of major expansion plans in Northern Ireland.

Online insurance firm MCL InsureTech is investing £1 million in advertising and hiring 10 staff in the next six months, with a further 40 envisaged over the next three to five years.

The company is hoping to replicate the success enjoyed in the Republic of Ireland market over the past decade, where it handles over €80m of online car insurance policies, and and secure five to 10 per cent of the north's market within five years.

As part of the plans, MCL will launch its successful 'Its4Women' insurance brand in Northern Ireland next week.

MCL chief executive, Gary McClarty said the uncertainty surrounding Brexit meant it was an ideal time expand operations in the north.

"We are thrilled to be announcing an ambitious expansion programme that will build our customer base in the Northern Ireland insurance market," he said.

“We are investing heavily in Northern Ireland to support the expansion and have already made a commitment of over £1m in advertising spend.

"Further investment in our IT and contact centre businesses is planned, which should deliver an additional 50 new jobs across a range of disciplines over the next three to five years. It's a really exciting time for MCL InsureTech."

Initially a small family brokerage with offices in Coleraine, Ballymoney and Limavady, MCL has transformed over the past decade into one of the leading online insurance providers in Ireland.

MCL entered the Republic market in 2009 and operates three different insurance brands; Its4Women.ie, BoxyMo.ie and 25plus.ie, as well as an IT solutions company DotSys Ltd and a media buying business B Connected Media.

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