About NRMA Insurance
NRMA Insurance is a company based in Sydney (Australia) founded in 1925 was acquired by IAG in October 2010.. NRMA Insurance offers products and services including Car Insurance, Home Insurance, CTP Insurance, Travel Insurance, and Business Insurance. NRMA Insurance operates in a competitive market with competitors including QBE Group, IAG, Blue KC, Prudential and Beazley, among others.
- Headquarter Sydney, Australia
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Insurance Australia Limited
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Products & Services of NRMA Insurance
NRMA Insurance offers a comprehensive portfolio of products and services, including Car Insurance, Home Insurance, CTP Insurance, Travel Insurance, and Business Insurance. 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.
Covers vehicles for accidents, theft, and damage incidents
Protects homes and contents from fire, storm, and theft
Provides coverage for injuries in road accidents
Offers protection for trips against medical and interruptions
Insures businesses for liability and property risks
Funding Insights of NRMA Insurance
| 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 |
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Investors in NRMA Insurance
NRMA Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include IAG. 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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IAG is engaged in providing insurance and reinsurance services across Australia and New Zealand.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by NRMA Insurance
| 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 - NRMA Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Nrma Insurance Comparisons
Competitors of NRMA Insurance
NRMA Insurance 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 QBE Group, IAG, Blue KC, Prudential and Beazley, 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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General insurance and reinsurance services are offered worldwide.
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IAG is engaged in providing insurance and reinsurance services across Australia and New Zealand.
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Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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Financial services for pensions and investments are provided by Prudential.
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Specialist insurance and reinsurance are underwritten for clients worldwide.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nrma Insurance
Frequently Asked Questions about NRMA Insurance
When was NRMA Insurance founded?
NRMA Insurance was founded in 1925.
Where is NRMA Insurance located?
NRMA Insurance is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
What does NRMA Insurance do?
Founded in 1925, NRMA Insurance operates within the financial services sector, focusing on general insurance. Policies for motor vehicles, home and contents, and travel are issued from its base in Sydney, Australia. Operations extend across the country, with services tailored to individual and business needs. Claims processing and risk assessment are handled through digital and traditional channels, supporting policyholders nationwide.
Who are the top competitors of NRMA Insurance?
NRMA Insurance's top competitors include Beazley, IAG and Allied World Assurance Company.
What products or services does NRMA Insurance offer?
NRMA Insurance offers Car Insurance, Home Insurance, CTP Insurance, Travel Insurance, and Business Insurance.
Who are NRMA Insurance's investors?
NRMA Insurance has 1 investor. Key investors include IAG.