Headquarters Address: Markerstudy House, 45 Westerham Road, Bessels Green, Sevenoaks, Kent TN13 2QB, UK
GWP: £530,115 million in the UK, £3,870 million in Ireland, and £7,521 million in Norway (according to 2017 annual report)
Size (employees): 4,000+
Global Locations: UK, Ireland, Norway
Underwriting Expertise: Private car, commercial vehicle, fleet, taxi, travel, and pet insurance
Key People: Group CEO: Kevin Spencer
Markerstudy Insurance Services Limited is part of the Markerstudy Group of Companies. It offers standard and non-standard motor insurance products to suit various customer preferences and requirements, including young drivers, drivers with unusual occupations or accident records, owners of high-performance or high-value cars, kit cars, and Japanese imports.
Markerstudy Group owns brands that offer a wide range of insurance products and complementary products and services such as comprehensive claims management services, and windscreen repair.
Its brands include Markerstudy Insurance Services Limited, Ultimate Insurance Solutions Ltd, Markerstudy Limited, Zenith Insurance Management UK, Supercover Insurance, Geoffrey Insurance, The Insurance Factory, Insurance Choice, Lancaster Insurance, Gadget Cover, Insurance Shop, Auto Windscreens, Vision, Sureterm Direct, The Policy Shop, Master Quote, aQuote, Distinct Private Clients, Go Get, Paws & Claws, Purely Pets, Petwise, Pet Insurance, Reis, EJ Markham & Son Limited, Mobilers, Equesure, Markerstudy Leisure, Salomons Estate, One Media, One Warwick Park, and Bewl Water.
History of Markerstudy
Markerstudy Group was founded in 2001 to provide motor insurance in the UK. Over the years, the company has extended its products and services in various markets – including travel and pets. It now has around 4,000 employees and works with over 1,000 brokers and intermediaries in the UK.
The group has grown organically and through acquisitions, including Zenith Marque and consumer-facing brand Geoffrey Insurance in 2015. Both brands increased Markerstudy Group’s offering of products and services in the motor insurance market and provided a new channel for commercial insurance.
In 2018, Markerstudy included travel insurance on its app. The policy, which was underwritten by White Horse Insurance, provides access to around-the-clock UK GPs as standard and offers an option to add cover eight hours after arriving at the destination.
In 2020, the group partnered with Vision Vehicle Solutions to provide replacement vehicles to policyholders and address the lack of courtesy cars amid the COVID-19 pandemic.
Leadership at Markerstudy
Kevin Spencer – Group CEO
Spencer is the founder, group chief executive officer, and majority shareholder of the Markerstudy Group.
Spencer started his career with a small provincial broker, became an agency consultant, and then served as the managing director of Lloyd’s broker Edgar Hamilton and Wellard before establishing Markerstudy in 2001 to underwrite motor contracts in the UK.
Culture at Markerstudy
Markerstudy and its employees are committed to giving back to communities through the group’s corporate social responsibility (CSR) initiatives.
Markerstudy’s clear vision, “V10” values, and “Motiv8” committee prioritise the wellbeing of employees, provide positive employment opportunities, support employees in charity fundraising activities, apply fairness and integrity in customer service, promote safe driving, and use environmentally friendly practices to reduce the group’s carbon footprint.