Atec has reported record growth of 34% in the year to September 2023.
Atec – whose brands include retail consumer platform InsureMy, wholesale B2B property specialist Ceta Insurance and MGA Arkel – grew policy numbers by 22% in the past year, to more than 300,000.
Turnover has increased by 34%, from £14.5m in 2022 to £19.5m, with the potential to achieve £25m in 2024.
The business grew its non-standard home offering – through both existing and new channels – boosted by the launch of its non-standard home and landlord products and several key partnerships.
The business continued to invest in technology and talent, with the recruitment of senior leaders, including Ant Sherlock as group distribution partnerships director.
Brendan Devine, Atec Group CEO, said: “The outlook for the business continues to be extremely positive with over 20% organic growth forecast in 2024.
“Atec will continue to build on its track record of product and digital innovation which, coupled with its scalable platform, makes the business ideally placed for ongoing success via both organic and inorganic growth.”
