OUTsurance Holdings Plans to Expand Workforce in Ireland

OUTsurance Holdings, the newest insurer in Ireland, is planning to significantly increase its headcount in the country to establish a strong presence in the market. CEO Willem Roos expressed the company's ambition to double or triple its workforce in the Republic in the coming years. The move is part of the company's strategy to capture a high market share and compete with other insurers in the region.

Despite its expansion plans, OUTsurance Holdings currently employs around 140 people in Ireland. However, Roos stated that they are looking to expand rapidly over the next few years to secure a significant portion of the market. The company aims to leverage its unique product offerings, such as the out bonus, to attract customers and differentiate itself from competitors.

In addition to its workforce expansion, OUTsurance Holdings is also focused on reducing the cost of insurance for consumers in Ireland. Roos highlighted that the cost of insurance as a percentage of disposable income in the country is relatively high and emphasized the importance of ongoing reforms to lower these costs. He believes that changes in personal injuries awards rules will have a positive impact on insurance affordability in Ireland.

While OUTsurance Holdings has no immediate plans to venture into sports sponsorship in Ireland, Roos mentioned that the company is open to exploring new opportunities in the market. He emphasized the importance of strategic growth initiatives and maintaining a competitive edge in the insurance sector.

The company's launch in Ireland marks its third international expansion after South Africa and Australia. Roos expressed optimism about the reception in the Irish market and highlighted the potential for growth in the region. OUTsurance Holdings is committed to establishing a strong presence in Ireland and providing innovative insurance solutions to customers.

The ambitious growth plans of OUTsurance Holdings reflect its commitment to becoming a key player in the Irish insurance industry. As the company continues to expand its workforce and market share, it aims to deliver value to customers and drive innovation in the insurance sector.