About Umialik Insurance Company
Umialik Insurance Company is a company based in Anchorage (United States) founded in 1981 was acquired by Western National Insurance Group in November 2010. It operates as a Commission-Based, and Brokerage / Intermediation. Umialik Insurance Company offers products and services including Personal Auto Insurance, Homeowner Insurance, Businessowners Policy (BOP), and Commercial Auto Insurance. Umialik Insurance Company operates in a competitive market with competitors including National General Insurance, AmTrust Financial, The Hanover Insurance Group, The Hartford and Ambac Financial Group, among others.
- Headquarter Anchorage, 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 Umialik Insurance Company
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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
Western National Insurance Group
(Nov 04, 2010)
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Products & Services of Umialik Insurance Company
Umialik Insurance Company offers a comprehensive portfolio of products and services, including Personal Auto Insurance, Homeowner Insurance, Businessowners Policy (BOP), and Commercial Auto 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 for personal vehicles is provided to individuals.
Protection for homeowners is offered against property damage.
Comprehensive coverage for businesses is provided through policies.
Insurance for commercial vehicles is offered to businesses.
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Software Development Team
4 people
Product Management Team
1 people
Leadership Team
1 people
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Funding Insights of Umialik Insurance Company
| 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 Umialik Insurance Company
Umialik Insurance Company has secured backing from 1 investor. Prominent investors backing the company include Western National Insurance Group. 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 personal and commercial insurance coverage with claims and policy services.
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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 Umialik Insurance Company
| 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 - Umialik Insurance Company
| 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 |
Umialik Insurance Company Comparisons
Competitors of Umialik Insurance Company
Umialik Insurance Company 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 National General Insurance, AmTrust Financial, The Hanover Insurance Group, The Hartford and Ambac Financial Group, 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 |
Property and casualty insurance is provided by National General Insurance.
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| domain | founded_year | HQ Location |
Property and casualty insurance company
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Insurance brokerage services are provided to various clients.
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| domain | founded_year | HQ Location |
Insurance, benefits, and mutual funds are provided in financial services.
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| domain | founded_year | HQ Location |
Diversified investment management services are provided to institutional clients.
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| domain | founded_year | HQ Location |
Property & casualty insurance company
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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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| 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 Umialik Insurance Company
When was Umialik Insurance Company founded?
Umialik Insurance Company was founded in 1981.
Where is Umialik Insurance Company located?
Umialik Insurance Company is headquartered in Anchorage, United States. It is registered at Anchorage, Alaska, United States.
What does Umialik Insurance Company do?
Insurance solutions for both individuals and businesses are offered by Umialik Insurance Company. Coverage includes personal auto, homeowner, and umbrella policies for individuals, as well as commercial auto, business owners policies, and cyber liability for businesses. The company operates primarily in Alaska, focusing on property and casualty insurance. Services are distributed through independent agents to ensure tailored solutions for clients. Affiliation with Western National Insurance Group enhances their offerings across various sectors.
Who are the top competitors of Umialik Insurance Company?
Umialik Insurance Company's top competitors include National General Insurance, AmTrust Financial and First American.
What products or services does Umialik Insurance Company offer?
Umialik Insurance Company offers Personal Auto Insurance, Homeowner Insurance, Businessowners Policy (BOP), and Commercial Auto Insurance.
Who are Umialik Insurance Company's investors?
Umialik Insurance Company has 1 investor. Key investors include Western National Insurance Group.