Ripe grew turnover 17% in 2022
Insurtech Ripe grew turnover by 17% in 2022 to £27.2m as policy count also rose in the year.
The firm flagged that the results maintained its 15-year record of revenue rises. However, despite the rise in turnover gross profit margin fell year-on-year by 9%.
12%Ripe increased its number of policyholders by 12% over the course of the year to 315,000.
According to Ripe, this was due to its focus on expansion and increasing the headcount, which rose 27% during the year with the technology and marketing divisions now accounting for more than half of its employee base.
The
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