Market Research Report: Ripe Thinking Limited
Company Overview
Name
Ripe Thinking Limited
Mission
“To use technology, data and know-how to make buying insurance simple, clear, fast, and tailored.”
Founding Information
Year Founded: 1997
Founder: John Woosey
Key People
- Laurel Powers-Freeling: Chair
- Paul Williams: Chief Executive
- John Woosey: Managing Director
- Sarah Jones: Marketing Director
- Andrew Harrington: Chief Information Officer
- Rob Styring: Chief Financial Officer
Headquarters
The Royals, Altrincham Road, Manchester M22 4BJ, England
Number of Employees
No information is available
Revenue
- 2022 Revenue: £27.2 million
Known For
Ripe Thinking Limited is known for being a leading digital specialist insurance provider in the UK, focusing on leisure, lifestyle, and SME insurance. They are recognized for their innovative technology, quick quote generation, and excellent customer service.
Products
Product Overview
Ripe offers a wide range of specialist insurance products across various markets. Each product is designed to be tailored by the customer, ensuring they only pay for the coverage they need.
Key Products and Features
1. Photography Insurance
- Tailored coverage for amateur, semi-professional, and professional photographers.
- Quick online quote process.
- Options for equipment, liability, and accidental damage.
2. Caravan Insurance
- Covers static and touring caravans.
- Customizable policy options.
- Fast quote process.
3. Insure4Boats
- Covers various types of boats.
- Quick and customizable online quotes.
- Features include a Lowest Price Guarantee and customer-driven coverage options.
4. Cycling Insurance
- Covers bicycles and cycling accessories.
- Includes liability and accident coverage.
- Easy online setup.
5. DJ Insurance
- Specialized for DJs, covering equipment and public liability.
- Fast and customizable quote process.
6. Extreme Sport Insurance
- Tailored for extreme sports enthusiasts.
- Customizable coverage options.
- Quick online quotes.
7. Music Insurance
- Covers musical instruments and equipment.
- Options for liability and accidental damage.
- Quick and tailored quotes.
8. Shooting Insurance
- Covers firearms and shooting equipment.
- Options for public liability and accidental damage.
- Customizable policies.
9. Sports Insurance
- Tailored for various sports, covering equipment and liability.
- Customizable policy options.
- Quick online quotes.
10. Teams Insurance
- Coverage for sports teams, including liability and equipment.
- Customizable policy options.
- Fast quote process.
11. Valuables Insurance
- Covers a wide range of valuable items.
- Customizable coverage options.
- Quick and easy quotes.
Recent Developments
New Appointments
- Jamie Richards was appointed as Head of M&A in July 2024. Richards joins from Deloitte and will lead Ripe’s acquisitions strategy.
Awards and Recognition
- Named amongst The Sunday Times Best Places to Work 2024.
- Celebrated double success at the 2023 Insurance Choice Awards, including Best Big Insurance Company.
Product Launches
- Motorhome and Campervan Insurance: Launched with the capability to deliver quotes in less than 2 minutes using proprietary technology.
- Ripe Park Homes: Launched a new specialist insurance product for park homes.
- Rebranding: Gunplan rebranded as Ripe Shooting Insurance.
Acquisitions
- Acquired specialist boat insurer Craftinsure as part of its growth strategy.
Partnerships
- Partnered with Halfords to offer Cycleplan insurance to cycling customers.
- Collaborated with Aviva for a specialist cycling insurance product.
Technological Advancements
- Developed a bespoke digital platform, Juice, for fast and efficient insurance distribution.
- Implemented real-time analytics to power decision-making processes.
Contact Information
Address:
Ripe Thinking Limited
The Royals, Altrincham Road, Manchester M22 4BJ, England
Telephone: 0161 902 2666
Email: enquiries@ripethinking.co.uk
This report provides a comprehensive overview of Ripe Thinking Limited focusing on the key aspects of the company, its products, and recent developments based on the provided data.