Blue Insurances is to create up to 20 new positions in its Blanchardstown, Dublin, office and has already begun recruiting for these new positions, which it aims to fill within 18 months. This follows the recent announcement that profits increased by 70% to €1.2 million in 2011, turnover increased from €13 million in 2010 to €16 million, projected turnover for 2012 is €19 million.
Originally focused on travel insurance, the company has expanded into other areas including, most recently, pet insurance and gadget insurance, and plans to offer home and motor insurance during 4/Q/12.
Operating in the Irish and UK markets, Blue Insurances has expanded travel insurance operations into the Australian market in the past year. Following on from a trip to India with the Ernst & Young Entrepreneur of the Year finalists’ programme, the company plans to enter the Indian and South African markets this year with its Multitrip travel insurance brand.
The company is also planning to launch its Gadgetinsurance brand in a number of countries outside of Ireland later this year, including the aforementioned and the USA.
All operations within the company are currently handled from the Dublin office and expansion into new areas, including Home and Motor, will require staff across numerous departments including Call Centre Customer Services, Sales, Accounts, IT and Junior Management. The expansion will see staff numbers rise from 30 to 50 by late next year.
Recently appointed positions include Call Centre staff and a number of IT development positions. Inter Trade Ireland and Enterprise Ireland has also been working with Blue Insurances in conjunction with a cross border initiative for current and future employment positions.
Joint Managing Director Ciaran Mulligan said: “Servicing our existing business while expanding into new markets means our business is continuing to grow rapidly and we will need to fill service level requirements. We are committed to delivering excellent quality both in terms of the products we offer and the service we provide to all of our customers in the Irish and UK markets and are delighted to announce our forthcoming job creation plans in Ireland, which will see us almost double our current staff numbers.”
Blue Insurances is nominated to represent Ireland at the European Business Awards 2012. Every year the European Business Awards research team spends six months analysing over 15,000 companies across Europe to find the best businesses that demonstrate the guiding principles of the Awards, including commercial success, innovation and business ethics.
Ciaran added: “Blue Insurances has gone from strength to strength since beginning operations in 2003 and both my business partner Rowan Devereux and I are delighted to have been shortlisted for nomination in this year’s European Business Awards representing Ireland in the International Entrepreneur of the Year category.”