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Resources In Insurance Group

  • BY: Andrew Hore |
  • POSTED: 17/05/2012 |

Claims management services provider Resources In Insurance Group has slashed its loss in 2011.

The operating businesses made a profit but central overheads still meant that the loss was 90,000, down from 404,000 in 2010. Revenues increased from 2.13m to 3.06m. Cash, net of convertible loan notes, was 105,000 at the end of 2011.

RIIG intends to start offering additional services to the insurance sector, including technical training and mentoring services.

The mild winter has held back the level of claims.

At 0.45p a share, RIIG is valued at 1.43m.

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