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Assureweb positive it will turn corner

Assureweb says it will break even for the first time by the end of this financial year.

The company says that business quotes will be up by 40 to 50 per cent on last year and by the end of May it expects to have processed 23 million to 24 million quotations.

Chief executive John Spellman is positive about the revenue prospects for the firm after several years of operating in the red.

He says: “Assureweb used to make losses but this year we will break even. Next year, we will make a substantial profit.”

Meeting with shareholders last week, Spellman says he is delighted with the progress of the firm. He says: “We are laying out our stall for the future.Our intention is to be at the top of the premiership.”

Spellman says Assureweb is about to begin “Bankhall phase two”, a new whole of market quote proposition following on from a protection partnership formed last year.

Assureweb is already providing the engine for Bankhall’s online quotation and income protection services.

Spellman says the new proposition will involve a quote and apply capability for a much larger range of products. He says more partnership announcements with other companies will follow.

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