InsureandGo

Summary

InsureandGo (officially known as Insure & Go Insurance Services Limited) is a British travel insurance company which is owned by AllClear Insurance.

Insure & Go Insurance Services Limited
InsureandGo
Company typePrivate limited company
IndustryInsurance
FoundedBraintree, Essex, United Kingdom (2000 (2000))
Headquarters,
ProductsTravel insurance
Revenue
  • Decrease £33.07 million (2018)[1]
  • Decrease £33.36 million (2017)[2]
  • Increase £33.7 million (2016)[3]
Number of employees
238 (2018) [1]
ParentAll Clear Travel Insurance
Websitewww.insureandgo.com/travel-insurance/

As well as the United Kingdom, InsureandGo also has operations in the Republic of Ireland and Australia.

In 2018, InsureandGo reported providing 3.1 million travel insurance policies to UK customers, an increase of 1 million over the previous year.[1]

History edit

InsureandGo was founded in 2000 in Braintree, Essex, United Kingdom, where they were based for the next six years.[4]

In November 2005, InsureandGo claimed to be one of the first companies to remove the terrorism exclusion clause from their policies.[5][6] InsureandGo also said that they had led the travel insurance market in doing this and urged other companies to do the same.[7]

Due to the company's expansion, InsureandGo relocated to new offices in Southend-on-Sea in 2006. The company had bought Southend-based Travel Claims Services in September of the previous year.[8][9][10]

In December 2006, InsureandGo hired chartered accountants BDO Stoy Hayward to explore its options, including the possibility of selling the company for a reported £100 million.[11][12]

In November 2015, it was announced that InsureandGo would be relocating most of its UK operations to Bristol.[13]

International Expansion edit

In early 2010, InsureandGo launched a range of travel insurance products for Australia.[14] In October 2011, InsureandGo launched in the Republic of Ireland.[15]

Purchase by Mapfre edit

Spanish insurance company Mapfre purchased InsureandGo in October 2010 for an undisclosed sum.[16] InsureandGo was then a wholly owned subsidiary of MAPFRE Asistencia Compañia Internacional de Seguros y Reaseguros Sociedad Anonima, which forms part of the MAPFRE Group.[17]

References edit

  1. ^ a b c d "Annual report and financial statements". InsureandGo. 8 October 2019.
  2. ^ a b "Annual report and financial statements". InsureandGo. 6 October 2018.
  3. ^ a b "Annual report and financial statements". InsureandGo. 30 October 2017.
  4. ^ "From fags to riches". Post Online. 18 May 2006.
  5. ^ "Travellers face security crackdown". The Daily Telegraph. 12 November 2005.
  6. ^ "Insurance firm scraps terrorism exclusion". Good Access Guide. 9 November 2005.
  7. ^ "InsureandGo Leads Travel Insurance Market With Policies Free From Terrorism Exclusion". PR Newswire. 14 March 2006.
  8. ^ "300 new jobs for Southend". Daily Gazette. 31 May 2006.
  9. ^ "Braintree: 140 jobs go as business leaves town". Daily Gazette. 29 May 2006.
  10. ^ "Call centre to create 300 new jobs". Braintree and Witham Times. 7 October 2006.
  11. ^ "InsureandGo founders mull £100m sale". The Independent. 10 December 2006.
  12. ^ "£100m sale possible for Insure and Go". Business Sale Report. 11 December 2006.
  13. ^ "More than 100 jobs to go as call centre leaves Southend". Echo. 16 November 2015. Retrieved 30 November 2015.
  14. ^ "InsureandGo reaches Australia". InsureandGo Australia. 21 January 2010. Archived from the original on 12 August 2010. Retrieved 5 November 2010.
  15. ^ "Galway company creates job opportunities with launch of travel insurance website". Advertiser.ie. 3 November 2011.
  16. ^ "Mapfre swoops for Insure & Go". Post Online. 1 November 2010.
  17. ^ "About us". InsureandGo UK.