About OTIP
OTIP is a company based in Ontario (United States) founded in 1977. It operates as a B2C, and B2B. OTIP offers products and services including Auto Insurance, Home Insurance, Health Insurance, Travel Insurance, and Life Insurance. OTIP operates in a competitive market with competitors including State Farm, Assurant, HUB International, Prudential and Voya Financial, among others.
- Headquarter Ontario, United States
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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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Annual Revenue
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Net Profit
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Latest Funding Round
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Products & Services of OTIP
OTIP offers a comprehensive portfolio of products and services, including Auto Insurance, Home Insurance, Health Insurance, Travel Insurance, and Life 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 auto-related risks and claims for members
Protects home and property against damages
Provides health and dental coverage options
Offers travel-related protection services
Delivers life policy access and benefits
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Funding Insights of OTIP
| 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 |
Investments & Acquisitions by OTIP
| 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 - OTIP
| 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 |
Otip Comparisons
Competitors of OTIP
OTIP 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 State Farm, Assurant, HUB International, Prudential and Voya Financial, 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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Insurance and financial services are provided to individuals and businesses.
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Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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Investment advisory, insurance distribution, and risk management services are provided.
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Life, health, and financial insurance services are provided globally.
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Provider of pension fund for the employees based out of the US
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Insurance services for life, disability, and accident coverage are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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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 Otip
Frequently Asked Questions about OTIP
When was OTIP founded?
OTIP was founded in 1977.
Where is OTIP located?
OTIP is headquartered in Ontario, United States. It is registered at Ontario, California, United States.
What does OTIP do?
OTIP RAEO is an insurance provider that delivers auto, home, property, health, dental, travel, and life insurance services through online platforms and group benefits. They cater to retired members and plan participants with claims support, retirement resources, and policy management, primarily based in Waterloo, Ontario, Canada. Their activities include offering quotes, handling claims, and providing educational workshops on retirement planning.
Who are the top competitors of OTIP?
OTIP's top competitors include HUB International, Unum and Assurant.
What products or services does OTIP offer?
OTIP offers Auto Insurance, Home Insurance, Health Insurance, Travel Insurance, and Life Insurance.