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iSelect

From EverybodyWiki Bios & Wiki





iSelect
Public
Traded asASXISU
ISIN🆔
IndustryInsurance, utilities & personal finance
Founded 📆2000; 24 years ago (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)
🌐 Websitewww.iselect.com.au
📇 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[edit]

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[edit]

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[edit]

  1. Kitney, Damon. "The Seagull who cashed in his chips". The Australian. Retrieved 11 November 2019.
  2. "ninemsn improves health with iSelect". 7 April 2019. Retrieved 11 November 2019.
  3. "iSelect to acquire InfoChoice, BidMyLoan and Once". InfoChoice. 16 May 2011. Retrieved 8 October 2019.
  4. Tas Bindi (18 March 2019). "LK group acquires InfoChoice from iSelect". Mortgage Business. Retrieved 11 November 2019.
  5. "iSelect shares slide after IPO". The Australian. 24 June 2013. Retrieved 11 November 2019.
  6. "iSelect LTD (ASX:ISU) To Acquire Energy Watch". Yahoo! Finance. 20 May 2014. Retrieved 11 November 2019.
  7. "iSelect takes majority stake in Malaysian counterpart iMoney". The Australian Financial Review. 3 October 2017. Retrieved 11 November 2019.
  8. McIlwraith, Ian (14 March 2011). "Waller targets communications industry". The Sydney Morning Herald. Retrieved 10 January 2020.
  9. Kane, Annie (29 March 2019). "Aggregator enters joint operation agreement with iSelect". The Adviser. Retrieved 8 October 2019.
  10. "iSelect adds pet products through Hollard tie-up". Insurance News. 5 June 2017. Retrieved 8 October 2019.
  11. "iSelect targets SMEs with BizCover partnership". Insurance News. 8 July 2019. Retrieved 8 October 2019.


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