Canada’s insurance brokers represent a diverse and growing industry. They have different specialties, and capabilities.
If you’re looking for a top-level view of some of the top insurance brokers in Canada, we’ve got you covered. But if you are not sure what insurance brokers do, check out this article on what is an insurance broker before continuing. We looked at many factors, including the revenue they generate, the types and number of policies they offered, their growth, and the level of service they offer to help you understand the Canadian insurance market’s landscape.
The Insurance Industry in 2021
2021 promises to be a complex year for Canadian insurance brokers. With economic challenges being faced by many Canadians, it’s interesting to see how the top insurance brokers of Canada will respond to the changing world. Canadians are changing the ways they drive, live, and work. Many of these changes will impact their insurance, and the top Canadian insurance brokers are working diligently to change also.
It’s unclear to even the most competent business leaders what the rest of 2021 will bring for the average Canadian. In these complex and challenging times, many Canadians are taking a close look at their finances and making sure they have the coverage they need at a price they can afford.
Some insurance companies and brokers have undergone significant restructuring. Like many other industries in Canada, it may be too soon to say how the market will adapt.
Surex Insurance
Surex is an online insurance marketplace that features more than 10 of the top insurance providers in Canada. Surex works hard to make sure we get the best deals for our customers at the right price. We focus on personalization. We help you find the quote you want and customize the policy you want featuring personal discounts. Then, we connect you with a Licensed Insurance Advisor who walks you through the various plans that meet your criteria. All of this is facilitated by our one-of-a-kind online platform and features 100% transparent explanations of how everything works. We leverage personal experience with the digital capabilities we’ve been perfecting since the day we began. If you’re looking for a seamless, pain-free entry into the world of Canadian insurance, we can give you the type of experience you’re looking for.
Why Surex is Canada’s Top Insurance Broker
Surex combines fast, cost-effective service in an online portal with the world-class, personalized service that our licensed insurance advisors give. The quality of service that you can expect with Surex is second to none. When you’re assigned an advisor, you can count on that person helping you through your initial purchase, and anything that comes up after. Whenever you have an insurance need, you can count on your advisors to take personal care of you.
Surex can help you find many types of insurance, including for your home, tenant, car, and business. Whatever your insurance needs are, Surex can help you realize them. While there are other insurance brokers in Canada, you can’t count on experiencing the quality of care that Surex can offer anywhere else. We believe in integrity and authenticity. By staying true to our core values, we can be proud of the long relationships that we build with clients and insurers.
Storm Insurance Group
Storm Insurance Group is an insurance broker with 8 offices and is headquartered in Dartmouth, Nova Scotia. Through a series of acquisitions, Storm Insurance Group has grown to employ more than 100. They represent a group of complimentary insurance businesses and can be found in almost every aspect of the insurance business in Canada.
Wells Insurance Services
Wells Insurance Services is an insurance broker located in Richmond Hill, Ontario. They’re an organization that focuses on client-first strategy and are well-known for their client satisfaction as a result. They’ve got almost 30 years of experience and want to be judged on the quality of their client relationships, which they say are top-notch.
Leibel Insurance Group
With 3 locations and headquarters in Edmonton, Leibel Insurance Group has made specialization their key factor of difference. They have a focus on the transportation industry and have grown to include educational services as part of their portfolio of services. They’ve got more than 46 years worth of experience behind the wheel, and represent a diverse group of clients.
T.K Woodmar Insurance & Financial Group
This Burlington, Ontario-based organization was founded in 2008 and thinks of itself a little differently than some brokers. They have a great marketing focus and offer the clients the type of in-depth actionable information that their clients need.
BMS Canada Risk Services
Based in Ottawa, Ontario, this organization has been consistently growing and developing its services and client base. They feel they can service clients by developing their team and empowering them to provide top-notch service across their entire organization.
Western Financial Group
Western Financial Group is a large broker. They’ve got 186 offices and nearly 2000 employees. Recently, they’ve focused on growth and development. They’ve also recently been driving towards a Canada-wide offering of services through expansion. They consider themselves to be capable of handling any needs that their customers can come up with.
OVC Assurance
Headquartered in Sainte-Julie, Quebec, OVC Assurance prides itself on being a fast, effective brokerage. They represent a great number of insurance companies, and can there offer a diverse offering of policies. Their professionalism sets them apart, and they clearly pride themselves on the simplification of the insurance system. They are also known for a great corporate culture and try to represent that with everything they do.
Billyard Insurance Group
This Welland, Ontario group has been undergoing significant growth in the last few years. With a holistic approach to insurance, they have been focusing on a diverse product offering that encompasses basically every type of insurance their potential customers would want. They are known for recruiting some of the best insurance broker talents and they leverage that human capital to bring great service to their customers.
Archway Insurance
Archway Insurance is a Nova-Scotia based insurance broker with an aggressive growth strategy. This type of forward-thinking methodology is backed by a history of smart acquisitions. They have fully embraced the online insurance broker perspective, and are using that to help fuel their rapid growth. They are backed by the belief that every Canadian should have access to the insurance coverage that they need, and want to be the team that helps you find your coverage.
Oracle RMS Insurance Risk Management Services
This Ontario-based insurance brokerage is supported by its strong organizational strategy. They’re also informed by analytics and data-driven decision making. They know that there is an increasing trend towards having a strong online presence in the insurance world, and they’ve taken that to heart. With diverse and growing digital offerings, they are clearly carving out a place for themselves in the online insurance world.
We hope this list has given you a glimpse into some of the exciting and successful insurance brokers in Canada. If you’re trying to make sure you’re working with one of the top brokers in Canada, make sure to continue with your own research. Since so many Canadians are looking for the right insurance policies, they’ll represent a hugely diverse group of needs. Your own personal situation may be such that finding the right broker for you could include steps or considerations that we haven’t included here. That’s why we ultimately suggest that you do the legwork to find the right insurance broker for you.
