Ripe grows turnover in 2021 with profits stable
Ripe Thinking has reported a 24% rise in turnover to £23.27m for 2021.
Founded in 1997 it was the 14th year of consecutive growth for the business which has over 280,000 policyholders.
Pre-tax profit at the insurtech, which describes itself as a digital underwriting and insurance distribution platform, was stable at £4.35m in line with the £4.31m achieved in 2020. However profit after tax dropped year-on-year from £4.02m to £3.38m, according to a filing at Companies House.
The record high level of turnover came as the Manchester-headquartered business expanded
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Biba 2025: Allianz to sell pet insurance through brokers
Allianz is planning to enter the broker pet insurance market, Insurance Age can reveal.
Biba 2025: The new era for insurance broking with AI and MGAs
Artificial intelligence will not replace advisers, but will add to decision making, while managing general agents will continue to become increasingly relevant to brokers, delegates at the British Insurance Brokers’ Association conference heard today.
Biba 2025: Caroline Barr named first female chair at Biba
British Insurance Brokers’ Association CEO Graeme Trudgill has announced Caroline Barr as the incoming chair in his welcome speech at the 2025 Biba conference, and he looks to keep the pedal pressed to the floor.
Biba 2025: Trade body launches national insurance broker advertising campaign
The British Insurance Brokers’ Association has launched a national advertising campaign to promote insurance brokers to SMEs.
Biba 2025: Biba welcomes FCA proposals on paring back insurance rules
The British Insurance Brokers’ Association has welcomed the Financial Conduct Authority consulting on stripping back the insurance rulebook.
Biba 2025 Countdown: Alps and Consilium Risk Solutions
It is the first morning of the British Insurance Brokers’ Association’s Conference and Matt Pini, managing partner of Consilium Risk Solutions, and Julian Tomlinson chairman of Alps, are the final pair to offer up their thoughts.
Biba 2025 Countdown: Pen Underwriting’s Sarah Breslin
With just a day to go until the Biba conference Sarah Breslin, managing director for commercial UK & Ireland at Pen Underwriting, is promising a big, bold and colourful stand from the MGA, with a hint of Minecraft as she relishes the chance to talk about all Pen can offer and do business.
Meet the MGA: Shape Underwriting
Mandy Hunt, managing director of Shape Underwriting, explains the logic behind rebranding the Clear MGA business; outlines its holistic approach to acquisitions; and pinpoints the importance of recruiting staff who understand collaboration, integrity and honesty.