123 Money

Irish insurance company 123.ie Dublin, Ireland Insurance industry RSA Insurance Group * Mortgage protection insurance www.123.ie 123 Money Ltd, trading as 123.ie, is an Irish insurance company with registered offices in Dublin. It sells personal insurance products online, including motor, home, health and life insurance. It became a subsidiary of RSA Insurance Ireland Ltd. in 2010http://www.independent.ie/business/irish/online-insurer-123ie-sold-to-uk-giant-royal-sun-alliance-for-65m-26667369.html "Online insurer 123.ie sold to UK giant Royal Sun Alliance for €65m", Irish Independent, 29 Aug 2010 and it is regulated by the Central Bank of Ireland. In 2012, it reported sales worth €91 millionhttp://www.independent.ie/business/irish/415m-sales-boost-rsa-challenge-26824923.html "€415m sales boost RSA challenge", Irish Independent, 24 Feb 2012 and 270 employees.http://www.independent.ie/business/irish/blunder-in-123ie-accounts-reveals-payment-details-of-several-clients-26898214.html "123.ie accounts", Irish Independent, 15 Sept 2012 History The company was incorporated in March 2000https://opencorporates.com/companies/ie/323099 HAProxy Challenge opencorporates.com by Dublin insurance broker Derek Richardson.http://www.independent.ie/business/irish/rsa-says-123ie-business-is-continuing-to-deliver-29466856.html "RSA says 123.ie business is continuing to deliver", Irish Independent, 2 Aug 2013 It was the first online broker in Ireland, selling motor insurance, home and pet policieshttps://web.archive.org/web/20140905002106/http://www.thesundaytimes.co.uk/sto/news/ireland/Business/News/article365022.ece 123.ie price could reach €110m | The Sunday Times under-written by the Irish office of US Travelers Insurance. By March 2010, it had a consumer base of 170,000 policyholders and annual income of €60 million.https://www.irishexaminer.com/business/arid-20126435.html RSA purchases 123 Money for €65m Joe Dermody July 29, 2010 Irish Examiner It was acquired by the RSA Insurance Group in July 2010 for €65 million."Online insurer 123.ie sold to UK giant Royal Sun Alliance for €65m", Irish Independent, 29 July 2010 123.ie became a tied insurance agent for Irish Life in 2013,http://www.independent.ie/business/irish/irish-life-delivers-31m-boost-for-greatwest-30008351.html "Irish life delivers €31m boost for Great-West", Irish Independent, 14 Feb 2014 offering mortgage life insurancehttp://www.irishlife.ie/uploadedFiles/mort-life-booklet-123.ie.pdf Mortgage Life Insurance Policy Document Irish Life 2018-12-23 2017-11-16 https://web.archive.org/web/20171116015854/https://www.irishlife.ie/uploadedFiles/mort-life-booklet-123.ie.pdf dead and lifelong insurance policies.http://www.irishlife.ie/uploadedFiles/life-long-booklet-123.ie.pdf Life Long Insurance Policy Document Irish Life 2018-12-23 2017-11-16 https://web.archive.org/web/20171116035229/https://www.irishlife.ie/uploadedFiles/life-long-booklet-123.ie.pdf dead In March 2013, it reported a €7m profit and an increase in turnover of 31%.http://www.independent.ie/business/irish/premiums-up-5pc-at-insurance-firm-123ie-in-2012-29083999.html "Premiums up 5% at insurance firm 123.ie in 2012", Irish Independent, 2 Feb 2013 In November 2013, it won Contact Centre Management Association awards for its customer retention programme and credit management team.CCMA Irish Contact Centre and Shared Services Awards 2013 Acquisition by RSA 123.ie was acquired by the RSA Insurance Group in July 2010 for €65 million. It had reported gross assets of €20m at the time. RSA became the underwriter of policies sold by 123.ie after the acquisition,http://www.independent.ie/business/irish/main-underwriter-travelers-was-failed-bidder-for-123ie-26669201.html "Main underwriter Travelers was failed bidder for 123.ie", Irish Independent, 4 August 2010 and took on its online infrastructure and physical offices. 123.ie continues to trade under its own name branding after the acquisition.http://www.123.ie/ 123.ie | Car Insurance, Home Insurance & More. Get A Quote Today! References Category:Insurance companies of Ireland Category:Financial services companies based in Dublin (city) Category:Financial services companies established in 2002 Category:Irish companies established in 2002