About Source Insurance
Source Insurance is a Financial Services company based in Penarth (United Kingdom) founded in 1993. General insurance solutions are provided by Source Insurance. It operates on a Professional Services and Brokerage / Intermediation model. The company has 70 employees. Source Insurance offers products and services including Source Home, Source Go, and Let Property Insurance. Its focus areas include Insurance and General Insurance. Its legal entity is SOURCE INSURANCE LIMITED. Its competitors include Optalitix and Quotall; 1 of its 2 listed competitors has raised funding.
Company details
General insurance products and services are offered by Source Insurance, focusing on household and let property insurance. Comprehensive, advice-driven systems are utilized to simplify the quoting process for advisers. Sectors served include financial advisory and property management, with solutions like Source Home and Source Go designed to enhance client experience. Training and support through LearningLab are also provided to ensure adviser proficiency.
- Headquarters Penarth, United Kingdom
- Employees 70
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website thesource.co.uk
- Social LinkedIn X Facebook
- Legal Name Source Insurance Limited
- Date of Incorporation 22 Oct, 1993
- Jurisdiction CARDIFF, WALES
- Annual Revenue$16.57 M (USD)-3as on Dec 31, 2020
- Net Profit$1.69 M (USD)3as on Dec 31, 2020
- Investors
- Employee Count70
Products & Services of Source Insurance
Source Insurance offers a comprehensive portfolio of products and services, including Source Home, Source Go, and Let Property Insurance.
Home insurance product with 5-star Defaqto rating offered.
Client introduction system for streamlined insurance process provided.
Insurance for landlords covering let properties is provided.
Funding Insights of Source Insurance
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Source Insurance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2017 | Private Equity Round | – | – |
1 investors in total: 1 institutional.
Investors in Source Insurance
Source Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Barclays.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided by Barclays worldwide. | 1690 | barclays.co.uk | London, United Kingdom |
Investor details for Source Insurance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Source Insurance
2 dated milestones of Source Insurance across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Source Insurance is founded.
- Funding First funding round.
Competitors of Source Insurance
Source Insurance has 2 listed competitors in our database, 1 of them funded. They include Optalitix and Quotall.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| optalitix.com | 2013 | London, United Kingdom | $7.59M | 27 | AI consulting and data analytics services are offered to businesses. | |
| quotall.com | 2010 | London, United Kingdom | 8 | Cloud-based e-trading software is provided for the insurance sector. |
Detailed competitors of Source Insurance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Source Insurance
The website of Source Insurance (thesource.co.uk) receives about 4.9K visits a month.
- Monthly visits4.9K
▼ 3.7% vs previous month
Websites whose visitors overlap most with Source Insurance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| directlineforbusiness.co.uk | 100% | #188,864 | View details | ||
sourceinsurance.co.uk | sourceinsurance.co.uk | 88% | #3,534,480 | – | |
| maxprocessing.com | 84% | View details | |||
idpnet.com | idpnet.com | 60% | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Source Insurance
Complete news archive for Source Insurance
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Source Insurance
Source Insurance was founded in 1993 and raised its 1st funding round 24 years after it was founded.
Source Insurance is headquartered in Penarth, United Kingdom. It is registered at Penarth, Wales, United Kingdom.
Source Insurance has 70 employees.
Annual revenue of Source Insurance is $16.57M as on Dec 31, 2020.
General insurance products and services are offered by Source Insurance, focusing on household and let property insurance. Comprehensive, advice-driven systems are utilized to simplify the quoting process for advisers. Sectors served include financial advisory and property management, with solutions like Source Home and Source Go designed to enhance client experience. Training and support through LearningLab are also provided to ensure adviser proficiency.
Source Insurance offers Source Home, Source Go, and Let Property Insurance.
Source Insurance has 1 investor. Key investors include Barclays.
Source Insurance operates through Source Insurance Limited.