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insurme
Edmonton, Canada
A
1-10 Employees
2012
Key takeaway
Insurme emphasizes the importance of managing risks through proper insurance planning, which aligns with the core principles of the insurtech industry. Their commitment to providing unbiased advice and protecting clients' interests showcases their focus on innovative risk management solutions.
Reference
Service
Services – insurme
Besurance Corporation
Calgary, Canada
A
11-50 Employees
2013
Key takeaway
Besurance Corporation is revolutionizing the insurance industry by creating an innovative online platform that makes life insurance more affordable and easier to understand. Their mission to close the coverage gap aligns with the growing insurtech movement, emphasizing technology's role in enhancing consumer access to necessary protection.
Reference
Core business
HOME | Besurance
Trufla Technology
Calgary, Canada
A
51-100 Employees
2014
Key takeaway
Trufla Technology is dedicated to empowering insurance brokers and agents through data-driven software that enhances marketing and operational efficiency. Their digital solutions address key industry challenges by providing real-time data, automation, and predictive analytics, ultimately streamlining processes and improving customer service.
Reference
Core business
Insurance brokers/Agents Software|Free Demo - Trufla Technology
Trufla Technology helps brokers/agencies leverage the power of digital to solve problems using digital marketing services & proprietary tools.
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Apollo Insurance
Vancouver, Canada
A
11-50 Employees
2018
Key takeaway
APOLLO Insurance is a leading Canadian insurtech that revolutionizes insurance distribution through its proprietary digital platform, APOLLO Exchange, enabling the instant purchase of thousands of policies without human intervention. Their innovative approach leverages data and algorithms to streamline the quoting, payment, and policy issuance processes, making insurance faster and easier for brokers and clients alike.
Reference
Core business
Company - APOLLO Insurance
Insurance doesn't have to be difficult. APOLLO Insurance is the friend of Canadian small businesses, here to help you get through your day.
IMS - Part of Trak Global Group
Waterloo, Canada
A
251-500 Employees
1999
Key takeaway
IMS is a technology provider that enhances driver safety through innovative telematics and connected insurance solutions, focusing on customer engagement, risk-based pricing, and effective claims management. Their commitment to promoting safe driving behaviors and reducing collisions aligns with the growing insurtech landscape, offering insurers new ways to leverage technology for better outcomes.
Reference
Core business
IMS (Insurance & Mobility Solutions)
IMS is a vehicle and driving data business, delivering enterprise solutions to over 350 customers including insurers, mobility operators and governments.
Nsure Systems Inc.
Hamilton, Canada
A
1-10 Employees
2015
Key takeaway
The company offers a fully automated insurance management system, nsure Catalyst, which is designed to enhance the efficiency of marine and non-marine insurance products through features like automatic issuance of electronic insurance certificates and multi-currency functionality. This technology provides brokers and underwriters with critical insights and simplifies compliance processes, making it highly relevant to the insurtech sector.
Reference
Core business
nsure | Insurance Management Systems
nsure Catalyst - The worlds most advanced insurance management and e-insurance platform.
Equisoft
Montreal, Canada
A
501-1000 Employees
1994
Key takeaway
The company, Equisoft, offers innovative digital technology solutions specifically designed to address the complex challenges in the insurance industry, particularly for group benefits and health carriers. Their focus on best practices and collaboration, along with thought leadership from industry experts, positions them as a key player in driving innovation within the insurtech sector.
Reference
Product
Software for Group Benefits & Health Carriers | Equisoft
Equisoft’s back and front office technology helps group benefits & health insurance carriers adapt to industry changes and market new products faster.
Relay Platform Inc
Old Toronto, Canada
A
11-50 Employees
2019
Key takeaway
Relay is a modern insurance broker platform that offers a single-entry multi-carrier comparative-rating solution for all property and casualty lines. Their focus on innovation and customer value positions them as a key player in the insurtech space.
Reference
Core business
Quoting platform by Relay | About Us
Relay Quoting platform. Single-entry multi-carrier comparative-rating solution that can handle all P&C lines, across all mediums.
Chisel.ai
Old Toronto, Canada
A
11-50 Employees
2015
Key takeaway
Chisel AI is revolutionizing the commercial lines insurance sector by utilizing applied AI and machine learning to modernize manual underwriting and placement processes. Their innovative solutions automate key tasks, enabling insurance carriers and brokers to enhance efficiency and focus on growth.
Reference
Product
Solutions for Commercial Insurance Brokers and Carriers | Chisel AI
Purpose-built solutions for real-time data extraction, policy check, submission prioritization, submission intake, submission triage, and quote comparison.
Trigon Insurance Brokers Ltd.
Ottawa, Canada
A
11-50 Employees
1985
Key takeaway
Trigon Insurance offers a range of auto insurance solutions, emphasizing dependable coverage and cost-effective group insurance options. Their approach includes shopping a network of providers to secure optimal coverage at competitive rates, making it a relevant player in the insurtech space.
Reference
Core business
- Trigon Insurance
Technologies which have been searched by others and may be interesting for you:
A selection of suitable products and services provided by verified companies according to your search.
Service
Fundraising | Financial Modelling
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A selection of suitable use cases for products or services provided by verified companies according to your search.
Use case
Fundraising for Insurtech
Insurtech, Fintech
At wefox I accelerated growth of digital business through the deployment of partnership strategies, fundraising and M&A. Due to our hard work, since 2019 we’ve managed raise over a billion dollars in equity capital and over 100 million dollars in debt capital from the leading banks, including JP Morgan and Barclays, while successfully closing over 6 M&A deals.
Use case
Fundraising for Insurtech
Insurtech, Fintech
At wefox I accelerated growth of digital business through the deployment of partnership strategies, fundraising and M&A. Due to our hard work, since 2019 we’ve managed raise over a billion dollars in equity capital and over 100 million dollars in debt capital from the leading banks, including JP Morgan and Barclays, while successfully closing over 6 M&A deals.
The Insurtech industry in Canada is rapidly evolving, driven by technological advancements and changing consumer expectations. Key considerations for those interested in this field include understanding the regulatory environment, which is governed by provincial authorities and requires compliance with various laws and guidelines specific to insurance products. Additionally, the industry faces challenges such as data privacy concerns and the need for robust cybersecurity measures to protect sensitive customer information. Opportunities abound in areas like digital claims processing, personalized insurance products, and the integration of artificial intelligence for risk assessment. Environmental concerns are also gaining prominence, with a growing emphasis on sustainable practices and products that address climate change impacts. The competitive landscape is marked by both traditional insurers and new entrants leveraging technology to disrupt established models. Furthermore, Canada's Insurtech market is increasingly relevant on a global scale, as innovations developed locally may influence trends and practices internationally. Staying informed about these factors can provide valuable insights for anyone researching or considering investment in the Insurtech sector in Canada.
Some interesting numbers and facts about your company results for Insurtech
Country with most fitting companies | Canada |
Amount of fitting manufacturers | 109 |
Amount of suitable service providers | 98 |
Average amount of employees | 11-50 |
Oldest suiting company | 1985 |
Youngest suiting company | 2019 |
Some interesting questions that has been asked about the results you have just received for Insurtech
What are related technologies to Insurtech?
Based on our calculations related technologies to Insurtech are Education, Engineering Services, IT & Technology Services, Healthcare Services, Consulting
Which industries are mostly working on Insurtech?
The most represented industries which are working in Insurtech are Finance and Insurance, IT, Software and Services, Other, Automotive, Human Resources
How does ensun find these Insurtech Companies?
ensun uses an advanced search and ranking system capable of sifting through millions of companies and hundreds of millions of products and services to identify suitable matches. This is achieved by leveraging cutting-edge technologies, including Artificial Intelligence.