Sure posts 15th fastest sales growth among Australian startups
Sure Insurance has been ranked as the 15th fastest growing Australian startup over the past few years, with annual revenue increasing to $20.16 million since entering regional, north and far north Queensland markets in mid 2019.
Brisbane-based Sure says rapid sales growth over the past three years has placed it as the third largest home insurance provider across regional Queensland.
It earned 15th place on this year’s Australian Financial Review Fast Starters list, which ranks the compound annual growth rate (CAGR) of revenue over the past three financial years. Sure had a CAGR of 619% in the three years to June and says it delivered an average annual household insurance premium saving of $1480, or 30% per customer.
MD Bradley Heath says Sure is a “standout premium price leader”.
“Sure’s growth has been underpinned by our low-cost base, specialised technical underwriting capability delivering best possible premiums, innovative and targeted regional marketing, and an unwavering commitment to delivering fairness in insurance,” Mr Heath said.
The Fast 100 has been published annually since 1990.