About Electric Insurance Company
Electric Insurance Company is a company based in Chelsea (United States) founded in 1966 was acquired by RiverStone Management in June 2024.. Electric Insurance Company offers products and services including Auto Coverage, Home Coverage, Umbrella Coverage, and Renter Coverage. Electric Insurance Company operates in a competitive market with competitors including HUB International, State Farm, AXIS Capital, Manulife and Assurant, among others.
- Headquarter Chelsea, United States
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Electric Insurance Company
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
R&Q Insurance Holdings
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Electric Insurance Company
Electric Insurance Company offers a comprehensive portfolio of products and services, including Auto Coverage, Home Coverage, Umbrella Coverage, and Renter Coverage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Protects vehicles against accidents and damages.
Safeguards homes and belongings from risks and losses.
Provides additional liability protection beyond standard policies.
Covers personal items and liability for renters.
Funding Insights of Electric Insurance Company
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Electric Insurance Company
Electric Insurance Company has secured backing from 2 investors. Prominent investors backing the company include R&Q Insurance Holdings and RiverStone Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of insurance services
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Founded Year | Domain | Location | |
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Independent agency services for non-life specialty insurances are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Electric Insurance Company
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Electric Insurance Company
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Electric Insurance Company Comparisons
Competitors of Electric Insurance Company
Electric Insurance Company operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HUB International, State Farm, AXIS Capital, Manulife and Assurant, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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| domain | founded_year | HQ Location |
Insurance and financial services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Diversified insurance services are provided across global markets.
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| domain | founded_year | HQ Location |
Life insurance and diversified asset management services are provided.
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| domain | founded_year | HQ Location |
Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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| domain | founded_year | HQ Location |
Life, health, and financial insurance services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Electric Insurance Company
Frequently Asked Questions about Electric Insurance Company
When was Electric Insurance Company founded?
Electric Insurance Company was founded in 1966.
Where is Electric Insurance Company located?
Electric Insurance Company is headquartered in Chelsea, United States. It is registered at Chelsea, Massachusetts, United States.
Who is the current CEO of Electric Insurance Company?
Doug Seymour is the current CEO of Electric Insurance Company.
What does Electric Insurance Company do?
Electric Insurance Company was founded in 1966 and is based in Chelsea, United States. Insurance services in the auto, home, and umbrella sectors are provided, including coverage for automobiles, condominiums, houses, and renters. Online account management, bill payments, and claims processing through digital and phone channels are facilitated. A customer service team handles policy inquiries and claims, with accessibility features integrated into the website and operations.
Who are the top competitors of Electric Insurance Company?
Electric Insurance Company's top competitors include HUB International, AXIS Capital and Assurant.
What products or services does Electric Insurance Company offer?
Electric Insurance Company offers Auto Coverage, Home Coverage, Umbrella Coverage, and Renter Coverage.
Who are Electric Insurance Company's investors?
Electric Insurance Company has 2 investors. Key investors include R&Q Insurance Holdings, and RiverStone Management.