BGL Group is a Peterborough-based digital insurance and financial services distributor founded in 1992 by Douw Steyn. The company operates high-traffic comparison sites and insurance brands such as Compare-the-Market, LesFurets, and BeagleStreet, enabling consumers to compare pricing, access policy options, and purchase insurance products with ease.
BGL leverages digital processing, automated workflows, and large-scale customer data to simplify insurance shopping and enhance user experience across vehicle, home, and supplemental insurance categories.
What Is BGL Group and What Does It Do?
BGL Group, founded in 1992 by Douw Steyn, is a Peterborough-based digital distributor of insurance and financial services.
BGL Group employs 1,708 employees and operates multiple consumer-facing online platforms. BGL provides vehicle, home, and specialty insurance products, supported by comparison portals that streamline customer decision-making. Its platforms combine underwriting, customer acquisition, and policy servicing, offering users convenient online insurance tools and tailored coverage options.
How Much Funding Has BGL Group Raised?
1. Series E
- Amount Raised: $896M
- Investors: CPP Investments
Total Funding Raised: $906 Million
Current Valuation: $3.2 Billion (as of Aug 2022)
Latest Funding Date: November 2017
Key Investors
1. CPP Investments
- Details: One of the world’s largest institutional investors, managing assets for the Canada Pension Plan.
- Investment Focus Areas: Infrastructure, financial services, private equity, technology.
- Notable Investments: BGL Group, Formula 1, ProSiebenSat.1, GlobalLogic.
Where Is BGL Group’s Headquarters?
BGL Group is headquartered in Peterborough, United Kingdom, giving it strategic advantages through access to strong insurance markets, regulatory infrastructure, and a skilled workforce supporting large-scale customer operations.
What’s Next for BGL Group?
BGL is expected to deepen its digital transformation across insurance comparison and direct distribution. With continued investment from CPP and strong market recognition for brands like Compare-the-Market, the company aims to enhance automation, expand product categories, and grow its footprint in European markets while strengthening data-led insurance personalization.
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