About Skar Insurance Group
Skar Insurance Group is a company based in Grand Rapids (United States) founded in 2015 was acquired by Union Bay Risk Advisors in February 2024.. Skar Insurance Group offers products and services including Personal Insurance and Business Insurance. Skar Insurance Group operates in a competitive market with competitors including Hagerty, HDVI, Cover Whale, Falcon Insurance Group and Aanika, among others.
- Headquarter Grand Rapids, 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 Union Bay Risk Advisors Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Union Bay Risk Advisors
(Feb 26, 2024)
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Products & Services of Skar Insurance Group
Skar Insurance Group offers a comprehensive portfolio of products and services, including Personal 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 homes, cars, and personal property from risks.
Protects businesses from liability and operational risks.
Funding Insights of Skar Insurance Group
| 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 Skar Insurance Group
Skar Insurance Group has secured backing from 1 investor. Prominent investors backing the company include Union Bay Risk Advisors. 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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Offers insurance advice and policies for personal and business protection through partnerships.
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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 Skar Insurance Group
| 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 - Skar Insurance Group
| 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 |
Skar Insurance Group Comparisons
Competitors of Skar Insurance Group
Skar Insurance Group 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 Hagerty, HDVI, Cover Whale, Falcon Insurance Group and Aanika, 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 |
Automotive insurance solutions are provided to vehicle users.
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Telematics-based data & monitoring solutions for auto insurers and fleet owners
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Commercial truck insurance is provided for wholesale and retail sectors.
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| domain | founded_year | HQ Location |
Auto insurance coverage is offered nationwide by Falcon Insurance Group.
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| domain | founded_year | HQ Location |
Traceability solutions for agricultural products are provided using microbial-based tags.
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| domain | founded_year | HQ Location |
Serves as a transportation insurance carrier for reliable coverage solutions.
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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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Frequently Asked Questions about Skar Insurance Group
When was Skar Insurance Group founded?
Skar Insurance Group was founded in 2015.
Where is Skar Insurance Group located?
Skar Insurance Group is headquartered in Grand Rapids, United States. It is registered at Grand Rapids, Michigan, United States.
What does Skar Insurance Group do?
Skar Insurance Group was established in 2015 in Grand Rapids, United States, focusing on the trucking insurance sector. Coverage solutions for truckers are delivered across several states, drawing on over 40 years of family-owned operational experience. Daily interactions with clients inform rate structures and policy options. Acquisition by Union Bay Acquisition LLC occurred recently, broadening presence in specialized trucking insurance.
Who are the top competitors of Skar Insurance Group?
Skar Insurance Group's top competitors include Hagerty, HDVI and Cover Whale.
What products or services does Skar Insurance Group offer?
Skar Insurance Group offers Personal Insurance and Business Insurance.
Who are Skar Insurance Group's investors?
Skar Insurance Group has 1 investor. Key investors include Union Bay Risk Advisors.