About Ripe Insurance
Ripe Insurance is a company based in Manchester (United Kingdom) founded in 1998 was acquired by Aquiline Capital Partners in November 2021. It operates as a Subscription Services, and Direct-to-Consumer (D2C). The company has 46 employees as of December 31, 2017. Ripe Insurance offers products and services including Caravan Insurance, Motorhome Insurance, Small Business Insurance, and Hair & Beauty Insurance. Ripe Insurance operates in a competitive market with competitors including Intact Ventures, ERS, Pension Insurance Corporation, Markerstudy Group and Syncora Holdings, among others.
- Headquarter Manchester, United Kingdom
- Employees 46 as on 31 Dec, 2017
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ripe Insurance Services Limited
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Annual Revenue
$33.11 M (USD)18as on Dec 31, 2022
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Net Profit
$4.42 M (USD)-25as on Dec 31, 2022
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
46
as on Dec 31, 2017
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Acquired by
Aquiline Capital Partners
(Nov 01, 2021)
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Products & Services of Ripe Insurance
Ripe Insurance offers a comprehensive portfolio of products and services, including Caravan Insurance, Motorhome Insurance, Small Business Insurance, and Hair & Beauty 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.
Coverage is provided for static and touring caravans.
Protection is offered for motorhomes against various risks.
Insurance is tailored for small business operational needs.
Coverage is designed for salons and freelance professionals.
Funding Insights of Ripe 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 |
Investors in Ripe Insurance
Ripe Insurance has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Aquiline Capital Partners. 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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Private equity and debt investments are directed toward financial sectors.
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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 Ripe 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 - Ripe 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 |
Ripe Insurance Comparisons
Competitors of Ripe Insurance
Ripe 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 Intact Ventures, ERS, Pension Insurance Corporation, Markerstudy Group and Syncora Holdings, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
ERS is recognized as a specialist motor insurer in the UK.
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| domain | founded_year | HQ Location |
Liability and pension insurance services are provided to clients.
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| domain | founded_year | HQ Location |
P&C insurance broker
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| domain | founded_year | HQ Location |
P&C insurance carrier
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| domain | founded_year | HQ Location |
P&C insurance company
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Ripe Insurance
When was Ripe Insurance founded?
Ripe Insurance was founded in 1998.
Where is Ripe Insurance located?
Ripe Insurance is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
How many employees does Ripe Insurance have?
As of Dec 31, 2017, the latest employee count at Ripe Insurance is 46.
What is the annual revenue of Ripe Insurance?
Annual revenue of Ripe Insurance is $33.11M as on Dec 31, 2022.
What does Ripe Insurance do?
Insurance solutions are offered by Ripe Insurance for both lifestyle and business sectors. Coverage is provided for caravans, motorhomes, valuables, photography, and shooting under lifestyle insurance. Business insurance is tailored for small businesses, hair and beauty professionals, personal trainers, and other service providers. Products are designed to be quick to purchase and easy to understand, ensuring only necessary coverage is included. The company is based in the UK and focuses on customer-centric, award-winning services with a commitment to carbon neutrality and community impact.
Who are the top competitors of Ripe Insurance?
Ripe Insurance's top competitors include Intact Ventures, Pension Insurance Corporation and ERS.
What products or services does Ripe Insurance offer?
Ripe Insurance offers Caravan Insurance, Motorhome Insurance, Small Business Insurance, and Hair & Beauty Insurance.
Who are Ripe Insurance's investors?
Ripe Insurance has 1 investor. Key investors include Aquiline Capital Partners.