Welcome To pH Innovate
We are a technology-focused incubator operating in the UK insurance sector.
Our back story
pH companies trading companies are majority owned by pH Innovate with a considerable equity stake for the management.
pH Innovate are operators first, and investors second. We understand the “how” of running real businesses. With the customer always in mind, pH excels in partnering with existing management teams to give them the tools to grow, strategic support and access to multiple forms of expertise.
We obsess over growth. Whatever the stage of a business, pH leverages expertise with one focus in mind—profitable and sustainable growth.
Financial and Operational Overview
The first companies to trade within the pH Innovate group were Next Risk Solutions Ltd (ta QuoteDetective) and Next Venture Trading (ta Next Venture Technologies) in 2016.
In the 4 years, the group has grown organically increasing revenue and profits by a minimum of 40% each year.
This has enabled the group to;
- Become completely debt-free and remain wholly owned by the pH Innovate board and the management teams for each company.
- Invest in several new exciting projects
The company structure
GROWTH ON THE AGENDA FOR ENTREPRENEURIAL DUO
The entrepreneurs behind a group of insurance and technology businesses based near Pontypool have told Insider about their successes to date and the growth ambitions they have for their current ventures. David Harlow and Stephen Peck own PH Innovate, which is behind a group that includes Quote Detective, Quotethemarket and Next Venture [...]
Insurance business serves an ace at tennis tournament
INSURANCE firm Three Castle Cover hope it’s game, set and match in terms of its business development after launching its new cover at the largest tennis tournament in the UK. Three Castles Cover was main sponsor of the 99-year-old Hunstanton Lawn Tennis Tournament, which was staged between August 18 [...]
Jobs boost at innovative insurtech firm after strong business growth
WELSH insurtech incubator pH Innovate continues to expand its technical and marketing teams after winning new customers for its innovative insurance trading platform. Success in winning new contracts, including one with an app offering an unique reverse auction insurance product, is leading to jobs growth at the Torfaen business. The [...]
Experian partners with Quotethemarket.com as its new API provider
Leading data company website Experian, has chosen Quotethemarket.com to assist developing a competitive panel of car insurance providers who will appear on their newly launched private car price comparison service. Quotethemarket.com provides an outsourced panel development service allowing competitive panels of insurance providers to [...]
Fintech innovator select comparison specialists to power new insurance concept
honcho is the UK’s first reverse auction marketplace for financial services, and they’re offering customers a new way to buy insurance. They were selected for the prestigious Tech Nation Fintech programme 2019 and have raised almost £900k through Crowdcube. Set up as an alternative [...]
Underwriting by machine – case study
PH Innovate customers have realised that to compete they have to be ahead of their competition, Insurance has become more dependent on sophisticated algorithms, relying on new data sources (eg data verification), in order to compete. Risk selection is more individualised, with products becoming available [...]