Kwik Fit Insurance reveals £1m expansion plans

Kwik Fit Insurance (KFI) has revealed ambitious expansion plans for the next five years.

The Lanark shire-based broker, which is supported by the French venture capitalist group PAI Partners, told Scotland on Sunday, looking to double that size through acquisitions, which could top £ 1 million.

Speaking to the newspaper, the chief executive Brendan Devine explained that KFI is planning to buy a broker and its dual motor insurance from 500,000 to one million policyholders against the size of 2014.

In addition, negotiations with potential joint venture partners, which could cause KFI branching to the commitment of their respective policies?

According to Mr Devine, the company changes its ambitions essentially a business model in the coming years.

Despite the recession the agent to continue its run good news.

In May the company reported a 42% month on month increase in house sales policy and announced plans for further development in this sector.

In June, KFI was the best practice for the recruitment of an award at the Scottish Recruitment Awards 2009, which have been recognized for the support of different faiths, cultures and skills in their work.

Also last month, KFI scooped the award for Customer Focus in recognition of its Smart Co department to Contact Center Innovation Awards.