A comprehensive InsurTech platform that significantly increases returns to all stakeholders.
Overview
Ribbon Life is an InsurTech business bringing digital transformation to international Life Assurance with an app-based delivery platform that gives ultimate control to the customer. It will take the benefits of international life assurance as a savings method to a much wider market. This streamlined digital offering will reduce the time and costs of investing in traditional tax-efficient savings.
INVEST WITH US- The company will secure regulatory licences in a progressive manner including a full Class 1 Life Assurance licence in the Isle of Man, the acknowledged global centre of life assurance excellence.
- The company will offer Single Premium and Regular Premium Life Assurance products. These products will address significant inefficiencies within the traditional Life Assurance industry including IFA commission clawback, high commission charges, and the lengthy process of opening a policy.
- Partnered with a key life insurance player in East Asia with a significant customer base to distribute its product.
- MVP ready in Q2 2022.
Impact
Successful implementation of new technologies in the life assurance industry will overhaul the field setting new benchmarks for net zero operations. The benefits of instituting new practices in the industry are immediately passed on to customers with significant reductions in cost to promote financial inclusion between regional and international customer bases.
Planet
- In an industry that relies on outmoded methods, Ribbon Life’s use of intelligent systems and machine-learning technology will lead to energy efficient operations and reduced labour.
- Investors/policyholders can choose ESG and impact funds.
People
- Commission fees will be reduced through intelligent automation and the use of AI/ML to provide real financial benefits to customers.
- Access to a larger institutional financial service previously reserved for HNI’s and investors.
Profit
- Revenues estimated to be £1000/customer in Year 5 with 93% EBITDA Margins.
- Post money valuation £20m.
- IRR 21.1%
The Team
Arvid Pedersen
Non-Executive Director
- Arvid has over 30 years' experience in the Insurance industry, of which more than a decade was in administration and regulatory compliance. He is proficient in setting up processes, ensuring they work efficiently and comply with regulatory requirements. He is in charge of administration and operations of the group in the UK, India and Mauritius. He is the COO of Red Ribbon Asset Management Plc.
Arvid Pedersen
Non-Executive Director
John Charles Sheath
Chairman & Chief Executive Officer
- John is an internationally experienced Chartered Director and Independent non-executive director (NED). John focuses on Risk & Corporate Governance, Business Development and Business Improvement, having served several blue-chip clients in these areas as well as a NED for a variety of regulated businesses. Whilst maintaining an extensive contact database with significant benefit to his roles, he is also known for creating the only Isle of Man (IoM) independent register for NEDs, serving the island as a philanthropic venture
- His wide experience both locally and internationally gives John an insight that allows him to add great value, whether as a Board member or consultant. John is resident in the Isle of Man and as a NED represents regulated businesses and listed funds and is also passionate about technology
John Charles Sheath
Chairman & Chief Executive Officer
Simon Willis
Non-Executive Director
- A chartered accountant and stockbroker of 30 years’ experience and a No.1 rated equities analyst. Simon has worked on IPO’s, private placements, pre-IPO and private equity deals across a range of sectors, including Insurance, Banking and Other Financials.
- More recently he has focussed on Payments, FinTech and Cleantech. He has a strong background in planning, strategy and analysis, as well as a keen awareness of corporate governance.
- Simon Has been a regular guest on CNBC and Bloomberg TV and also the BBC. In 2016, he set up Willis Capital Associates to raise growth capital for small and early stage companies.
Simon Willis
Non-Executive Director
Suchit Punnose
Executive Director & Co-Founder
Invest with us
If you align with our investment values and goals, we welcome you to invest with us. Please fill out the form and our team will reach out to understand your needs as an investor and share more details about Ribbon Life.
Capital at risk. Investments of this nature carry risks to your capital, including lack of liquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Please seek independent advice as required as Ribbon Life Limited does not give investment or tax advice. Suitable only for sophisticated or high net worth investors.