We are getting into the awards season, formerly known as Autumn, so it’s time to celebrate a few wins across the industry. Leading commercial insurance comparison platform, Compare Insurance, is celebrating a streak of prestigious award wins, impressing judges at both this year’s Hedron Network Awards and Broker Innovation Awards. Here’s the word;
The South Wales-based firm was named Broker of the Year at Hedron Horizon 2024 on 27th September, competing against other major players within the insurance and risk management industry.
Just one day later, Compare Insurance bagged two additional wins at the Broker Innovation Awards, winning both Commercial Lines Broker of the Year and Independent Broker of the Year in the medium business category, with the judging panel impressed by the firm’s consistent growth, commitment to reskilling, and innovative approach to becoming a data-driven business, which has seen Compare achieve an outstanding 92% customer retention rate.
The triple award win follows a period of accelerated growth for the SME insurance specialists, spurred by significant investment into an advanced tech stack and dedicated team of data analysts, achieving 60% organic growth in the last 12 months.
Speaking on the recent award wins, Mark Thomas, Founder and CEO of Compare Insurance, said: “I am so pleased for team to receive recognition for their incredible efforts they put in every day to help businesses with their insurance needs. We have achieved high growth over the last 12 months and still managed to maintain our Feefo customer satisfaction score of 4.7/5. This is due to the collective effort of every member of the team at Compare Insurance.”
MORE WINS AHEAD?
The firm is now looking forward to three upcoming award ceremonies this quarter: the UK Broker Awards, where Compare have been nominated for the Marketing and Customer Engagement Award, the Insurance Times Awards for Digital Broker of the Year, and the Lloyds Bank British Business Excellence Awards, which have seen Compare shortlisted as finalists for the prestigious Lloyds Bank Small to Medium Sized Business of the Year award.
Founded in 2009 by serial entrepreneur, Mark Thomas, Compare has established itself as a leading platform enabling SMEs to compare business insurance solutions from over 100 trusted commercial insurance providers, including Allianz, Zurich and AXA, underpinned by a passionate team of over 50 commercial insurance specialists committed to supporting business owners with their evolving insurance requirements.
Headquartered in Swansea, Compare Insurance is dedicated to ensuring all clients receive the most competitive premiums with cover levels tailored to individual business needs, successfully supporting over 14,000 SMEs per annum, while creating new career opportunities within the local community through the firm’s ongoing commitment to retraining and reskilling young talent.
For more information, visit: https://comparemyinsurances.com/
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.