Needham Insurance Services

What Needham Insurance Services does

Needham Insurance Services is the lead trading brand of The Needham Group, a UK insurance broker collective headquartered at 18 Arbury Road, Nuneaton, Warwickshire. The legal entity, Ringsite Limited (registered in England and Wales, FCA-authorised under No.304514), operates five wholly-owned community broker sub-brands: Needham Insurance Services, Baldersons Insurance, Black Lion Broking Services, Hinckley Insurance Services, and PJ Insurance Brokers. The group distributes personal and commercial insurance products through dedicated specialist advisors under a sales-led, advisory model that deliberately contrasts itself with automated price-comparison engines.

The product portfolio spans nine Personal Lines (Home, Car, Travel, Gap, Breakdown, Caravan & Motorhome, Van, Landlord, and Electric Vehicle insurance) and more than twenty Business Lines including Commercial Combined, Fleet, Public and Employers Liability, Professional Indemnity, Property, Motor Trade, Construction, Tradesman, Cyber, Directors & Officers, Credit, Medical Malpractice, and several niche specialty covers. The underlying technology is the Acturis broker platform, which provides policy administration and a client portal for self-serve document access and claims notification; no proprietary AI or data assets are referenced.

Revenue is generated through commissions paid by insurance providers on policies placed through the group's panel of well-known and specialist insurers, billed annually on a quote-based individual risk assessment. The customer base is split between individual consumers (homeowners, landlords, vehicle owners) and UK businesses of all sizes from sole traders to mid-market commercial accounts. The group publicly signals an active buy-and-build strategy via a dedicated Acquisitions webpage, and evidence of growth is primarily through tuck-in community broker consolidation and catalogue widening rather than disclosed organic expansion.

Name

Needham Insurance Services

Legal name

Ringsite Limited

Website

https://needhaminsurance.co.uk

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

11–50 employees

Short description

Needham Insurance Services is the lead brand of The Needham Group, a UK FCA-regulated insurance broker collective operating five community broker sub-brands from Nuneaton, distributing personal and commercial lines through specialist advisors with access to a large insurer panel.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Retail (Personal Lines) Insurance Brokerage (FSAEADAA)

akta.pro secondary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Insurance brokerage services
• Personal insurance lines
• Commercial insurance coverage
• Independent insurance broker
• Claims support services

Headquarters

HQ city

Nuneaton

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Insurance Brokerage Commissions: Needham Insurance Services generates revenue through commissions paid by insurance providers on policies placed through their broker network. As an independent broker with access to a large panel of insurers, they earn commission on both new policies and renewals.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Needham Insurance Services is a UK insurance brokerage that intermediates personal and commercial insurance policies on behalf of clients through access to a large panel of insurers. The firm places both personal lines (home, car, travel, gap, breakdown, caravan & motorhome, van, landlord, electric vehicle) and business lines (commercial combined, fleet, liability, professional indemnity, cyber, motor trade, construction, specialist trades) coverage, supported by dedicated specialist advisors and an in-house claims team.

Product overview

The Needham Group is a unified insurance brokerage platform comprising five community broker sub-brands (Needham Insurance Services, Baldersons Insurance, Black Lion Broking Services, Hinckley Insurance Services, and PJ Insurance Brokers) that collectively offer a comprehensive suite of Personal Lines and Business Lines insurance products. The Personal Lines portfolio includes Home Insurance, Car Insurance, Travel Insurance, Gap Insurance, Breakdown Cover, Caravan & Motorhome Insurance, Van Insurance, Landlord Insurance, and Electric Vehicle Insurance. The Business Lines portfolio encompasses Business Insurance, Motor Insurance, Event Insurance, Public Liability & Employers Liability, Commercial Combined, Fleet Insurance, Performance Bonds, Professional Indemnity, Property Insurance, Motor Trade, Construction Insurance, Tradesman Insurance, AV & Electrical Contractors Insurance, Sports & Leisure Insurance, Medical Malpractice, Office & Shop Insurance, Cyber Insurance, Directors & Officers, Credit Insurance, Insurance Backed Guarantees, Firework & Bonfire Insurance, Gym Insurance, and Fibre Optic Installers Insurance. The group differentiates through access to a large panel of insurers, dedicated specialist advisors, in-house claims support, and independent unbiased advice.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Insurance Buildings and contents cover for homeowners and landlords.
• Car Insurance Personal car insurance coverage for individual vehicle owners.
• Travel Insurance Coverage for travel-related risks and emergencies.
• Gap Insurance Guaranteed Asset Protection covering the gap between vehicle value and outstanding finance.
• Breakdown Insurance Vehicle breakdown cover for emergency assistance and recovery.
• Caravan & Motorhome Insurance Specialist coverage for caravans and motorhomes.
• Van Insurance Coverage for personal vans and light commercial vehicles.
• Landlord Insurance Buildings, contents and liability cover for property landlords.
• Electric Vehicle Insurance Specialist insurance coverage for electric vehicles.
• Business Insurance Liability, property, and commercial cover for UK businesses of all sizes.
• Motor Insurance (Business Lines) Coverage from personal car or van to company cars, HGVs and business fleets.
• Event Insurance Protection against risks when running and hosting events.
• Public Liability & Employers Liability Insurance Coverage for legal liability to pay damages to members of the public and employees.
• Commercial Combined Insurance Multi-coverage insurance combining multiple business risks under one policy.
• Fleet Insurance Multi-vehicle insurance for business fleets.
• Performance Bonds Surety bonds guaranteeing contract performance.
• Professional Indemnity Insurance Protection against claims arising from professional negligence.
• Property Insurance (Business Lines) Commercial property coverage for buildings and contents.
• Motor Trade Insurance Specialist coverage for motor trade businesses.
• Construction Insurance Coverage for construction industry risks and contractors.
• Tradesman Insurance Insurance for tradespeople including liability and tool cover.
• AV & Electrical Contractors Insurance Specialist coverage for audio-visual and electrical contractors.
• Sports & Leisure Insurance Coverage for sports clubs, leisure facilities and related businesses.
• Medical Malpractice Insurance Protection for healthcare professionals against malpractice claims.
• Office & Shop Insurance Combined coverage for offices and retail premises.
• Cyber Insurance Protection against cyber risks, data breaches and digital threats.
• Directors & Officers Insurance Coverage for company directors and officers against personal liability.
• Credit Insurance Protection against customer non-payment and credit risks.
• Insurance Backed Guarantees Warranties and guarantees backed by insurance policies.
• Firework & Bonfire Insurance Specialist coverage for fireworks and bonfire events.
• Gym Insurance Coverage for fitness facilities and gyms.
• Fibre Optic Installers Insurance Specialist insurance for fibre optic installation businesses.

Quantifiable outcome

• EXCELLENT customer rating based on 19 Google reviews

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Insurer Panel (Various Providers)coreOthersNeedham Insurance Services maintains relationships with a large panel of insurance providers including well-known insurers and specialist providers. This panel provides the variety of coverage options needed to match diverse client requirements with appropriate policies at competitive rates.

Scale indicators3 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Adrian Flux: UK specialist insurance broker focused on niche personal and commercial lines (motor, home, travel). Comparable in its emphasis on non-standard and specialty risks served through advisor-led distribution.
• Swinton Insurance: UK insurance broker with high-street branches selling home, motor and commercial insurance. Closely comparable in distribution model (advisor-led, multi-branch) and product mix to The Needham Group.
• A-Plan Insurance: UK high-street insurance broker offering personal and commercial lines through a network of branches with advisor-led service. Directly comparable business model to The Needham Group with similar multi-branch community presence.
• Towergate Insurance: UK insurance broker offering personal and commercial lines through regional offices. Closely comparable multi-branch advisory-led model and product breadth, including specialty commercial covers.
• One Call Insurance: UK insurance broker selling personal lines (home, motor) primarily through digital channels with advisor support. Comparable product mix and customer segments though heavier digital mix than The Needham Group.

Emerging players

• Simply Business: UK-focused online commercial insurance broker serving SMEs across trades and professions. Comparable on the commercial-lines SME segment though distributed through a digital self-serve model rather than the group's advisor-led model.

Broad incumbents

• Howden Group Holdings: Large UK-headquartered insurance broker with extensive personal and commercial lines operations. Broader scale and specialism but same core brokerage model and product categories as The Needham Group.
• Aon UK: Global insurance broker with UK retail and commercial operations. Compares on the commercial-lines brokerage side and the use of an insurer panel; significantly larger and more diversified.
• BGL Insurance (Compare the Market): Owner of price-comparison platform Compare the Market plus broker brands. Competes indirectly with The Needham Group by aggregating personal lines demand and routing to panel insurers.
• Marsh UK: Global insurance broker with substantial UK presence serving commercial clients. Comparable on commercial-lines brokerage services (liability, property, specialty) that overlap with The Needham Group's business lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/needhaminsuranc
• Facebookfacebook.com/needhaminsurance
• LinkedInlinkedin.com/company/needham-insurance-services

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Needham Insurance Services