UK MGA celebrates 17th year of double-digit growth

Ripe has posted a turnover of £20.6m in the full year ending 31 December 2024 – a 16% increase from its previous year’s posting of £17.8m.

The figures marked the 17^th consecutive year that the digital MGA has reported a double-digit growth in turnover, a streak beginning in 2007.

The firm, which specialises in SME, leisure and lifestyle products, also reported that their user base had grown to 365,000 over the period – now augmented to 400,000 with the 2025 purchase of specialist boat insurance company GJW Direct.

Ripe also purchased Craftinsure in 2023, which the MGA saying the marine specialist has since seen a 15% growth in business.

Ripe also confirmed Craftinsure had completed the migration of all legacy products onto its proprietary platform Juice, saying the platform “ensures agility and speed to deploy product and pricing changes and continuously optimise the customer experience”.

‘Excellent position’

Rob Styring, chief financial officer at Ripe, said: “These results highlight the strength and resilience of Ripe’s business model. We’ve achieved strong organic growth, seamlessly integrated Craftinsure and taken another significant step forward with the addition of GJW Direct.

“With all our products now on the Juice platform and a healthy pipeline of new launches and acquisitions ahead, we are in an excellent position to continue scaling. As we grow, our focus remains on growth through expansion into new markets and by using data and insight to deliver outstanding customer outcomes.”