iSelect
| Public | |
| Traded as | ASX: ISU |
| ISIN | 🆔 |
| Industry | Insurance, utilities & personal finance |
| Founded 📆 | 2000 |
| Founder 👔 | Damien Waller |
| Headquarters 🏙️ | , Cheltenham, Victoria , Australia |
Area served 🗺️ | |
Key people | Chris Knoblanche, Chairman / Brodie Arnhold, CEO |
| Products 📟 | Health insurance, electricity & gas, broadband internet, car insurance, home loans, home & contents insurance, life insurance, income protection, business insurance, travel insurance, pet insurance, mobile phones |
| Members | |
Number of employees | 550 (2019) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
iSelect (ASX: ISU) is an Australian comparison service. Best known for private health insurance comparison, the company helps customers to compare and purchase across a wide variety of insurance, utilities and personal finance products.
History
iSelect was co-founded in 2000 by entrepreneur Damien Waller[1] with a focus on comparison of health insurance products. In 2006 ninemsn acquired a 35% shareholding in the company valued at approximately $13 million.[2]
In 2011, iSelect acquired long-running financial comparison website InfoChoice[3] (which it subsequently sold in 2019[4]) and also moved into its current premises in Cheltenham, Victoria.
iSelect was launched on the Australian Securities Exchange (ASX) in June 2013[5] where it trades as ISU.
In 2014, iSelect purchased energy comparison website Energy Watch[6], which it still owns and operates.
In 2017, iSelect became the majority shareholder in iMoney[7], a South-East Asian financial comparison website.
Services
iSelect originated as a comparison service for private health insurance only, before launching a variety of other business units across insurance, utilities and personal finance. Broadband internet and travel insurance comparison were both launched in 2011 along with home loans[8], which is now powered by AFG through a joint operation agreement.[9]
In 2016 iSelect began comparing pet insurance through a partnership with Choosi.[10] iSelect launched business insurance comparison in 2019 through a partnership with BizCover.[11]
References
- ↑ Kitney, Damon. "The Seagull who cashed in his chips". The Australian. Retrieved 11 November 2019.
- ↑ "ninemsn improves health with iSelect". 7 April 2019. Retrieved 11 November 2019.
- ↑ "iSelect to acquire InfoChoice, BidMyLoan and Once". InfoChoice. 16 May 2011. Retrieved 8 October 2019.
- ↑ Tas Bindi (18 March 2019). "LK group acquires InfoChoice from iSelect". Mortgage Business. Retrieved 11 November 2019.
- ↑ "iSelect shares slide after IPO". The Australian. 24 June 2013. Retrieved 11 November 2019.
- ↑ "iSelect LTD (ASX:ISU) To Acquire Energy Watch". Yahoo! Finance. 20 May 2014. Retrieved 11 November 2019.
- ↑ "iSelect takes majority stake in Malaysian counterpart iMoney". The Australian Financial Review. 3 October 2017. Retrieved 11 November 2019.
- ↑ McIlwraith, Ian (14 March 2011). "Waller targets communications industry". The Sydney Morning Herald. Retrieved 10 January 2020.
- ↑ Kane, Annie (29 March 2019). "Aggregator enters joint operation agreement with iSelect". The Adviser. Retrieved 8 October 2019.
- ↑ "iSelect adds pet products through Hollard tie-up". Insurance News. 5 June 2017. Retrieved 8 October 2019.
- ↑ "iSelect targets SMEs with BizCover partnership". Insurance News. 8 July 2019. Retrieved 8 October 2019.
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