There will be more than 70 new jobs created at Cardiff Bay. These will be in a finance firm which works as an online insurance broker and works with price comparison websites providing them with the data that they need.
The company are called ActiveQuote and they provide information for specialist health insurance as well as protection products. The company has won four contracts to provide information for price comparison websites such as uSwitch, TescoCompare, Confused.com, Gocompare.com and Moneysupermarket.com. They will be provided by £600,000 from the Welsh government in order to help them out.
Activequote have their head office in Cardiff Bay and they provide information on health insurance, income protection and life insurance policies. Quotes can be gained from their website as well as over the phone. They provide their customers with quotes for private health treatment, accident, sickness and redundancy cover as well as life insurance. They compare the whole of the market for their customers.
The company was established by Dr Richard Theo who gained his qualifications form Cardiff University in computer networks.