7 January 2016
Record year for Momentum Broker Solutions
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Momentum Broker Solutions has experienced a record year as a result of a 33 per cent increase in Gross Written Premium (GWP) values. In a milestone year for the company, when it celebrated its fifth year of trading, it saw profits surge by 145 per cent as overall revenue grew by an impressive 30 per cent.
Over the course of the year, Momentum added a further 10 partners to its thriving, nationwide network of brokers. The company has taken a highly-selective approach to new members to ensure it is attracting appropriate industry professionals for the Appointed Representative model and is then able to provide the necessary business and marketing support that will help deliver sustainable partner growth. This proven strategy has enabled many of its established brokers to expand significantly year-on-year.
Momentum has also continued to expand its business internally to ensure it possesses the required resources and expertise to deliver the comprehensive support package that is available to all new and existing partners. As a result, the company now has a team of 25 industry experts based at the company’s head office in Leicester, with particular development over the last 12 months in its support services and broking functions. Momentum anticipates further investment during 2016 in order to maintain the high levels of growth experienced since the company’s inception.
Howard Pepper, Managing Director of Momentum Broker Solutions commented: “Despite the general malaise that has affected our sector, we have gone from strength to strength during 2015. Over the past five years we have refined our strategy and approach to ensure we work with the best possible brokers and provide the support that is required to succeed. We have a deep awareness throughout all areas of the business that our growth is completely aligned with how successful our members are, so this understanding underpins everything we do.”
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