Expanding insurer Elite Insurance has announced a lucrative 5 year coverholder agreement with QMetric, owner of the Policy Expert brand.
QMetric accounts for more than 1% of the entire UK household market which makes the new 5 year agreement significant to both parties.
This renewal follows on from the successful underwriting results of the past 3 years and is testament to the quality of the data and systems with which QMetric operates.
Elite CEO, Jason Smart said, “QMetric are a high quality FinTech business and a very important partner to us. We are delighted to be extending our relationship after 3 successful years in partnership already”.
QMetric are equally delighted with the renewal and Tony Deacon, Chairman and CEO, had this to say: “As you can imagine, there was a lot of interest from the market considering the size and quality of our account.
“We are delighted to have renewed with Elite who have supported us for the last three years and with whom we have a good working relationship with established operating procedures.
“Over the next 5 years I’m confident we’ll treble the current numbers whilst maintaining market leading loss ratios, so renewal is good news for both companies.”