Under the agreement, which will come into force in January 2019, Aviva will become the capacity provider for the majority of Ripe`s niche insurance products in the sports, leisure and economic sectors. This long-term partnership with the UK`s largest general insurer is an important step in Ripe`s development in the insurtech sector. Paul Williams, CEO of Ripe, said: ”Aviva has shown its appetite to work with Ripe`s technology and agile approach to niche insurance. In this time of volatility and uncertainty, particularly among unceded insurers, it is thanks to the team here and our consistent insurance that the UK`s largest A rating insurer has sought a long-term capacity agreement with us. ”As an insurtech company, it is important that we have a partner that understands our digital model and growth ambitions. Aviva recognizes the future of insurTech and will not only help us accelerate our product pipeline, but also potentially open up new opportunities for the distribution of Ripe products through Aviva`s channels. Phil Bayles, General Manager of Intermediation, commented on the partnership as: ”Aviva is pleased to be working with Ripe. It is important that we look at different ways of working in our industry and that InsurTech companies, like Ripe, have a different mindset that fits our approach. Ripe Insurance Services Limited of The Royals, Altrincham Road, Manchester M22 4BJ is licensed and regulated by the Financial Conduct Authority as an insurance intermediary. Our company`s registration number is 313411. Our service includes intermediation and trade as representatives of insurers and customers with respect to non-investment insurance. You can check this data online via the Financial Services Register (accessible by www.fca.org.uk) or via the Financial Conduct Authority`s helpline on 0800 111 6768 or 0300 500 8052 or on 44 207 066 1000 from abroad.
We are also licensed by the Financial Conduct Authority for consumer credit. With the end of the Knock-for-Knock agreements, damages disputes between auto insurers can now be resolved by the MOU. Offers, discounts or promotions may be offered from time to time and apply only to new transactions, unless otherwise stated.