Pavilion Insurance Network has said that group trading throughout the second half of 2005 has shown considerable growth over the equivalent period in 2004.
The company said overall group results for 2005 are expected to be in line with market expectations and headline profit is expected to be ahead of 2004 before writing off all development expenditure.
Tha board said it has been a year of transformation during the change over and development of ISIS (Integrated Specialist Software) the new web technology designed to handle the entire insurance transaction from quotation to cover through the website, and that it expects to see the benefits of these changes in the coming year.
The board added that January trading has been very encouraging and together with the positive technological advancements made during 2005, and a large number of new trading initiatives, it is looking forward to a successful year of growth.
Pavilion Insurance Network will be announcing its preliminary results for the year ended 31 December 2005 on Friday 7 April 2006.
