Intact Financial Corporation is a leading insurance provider in Canada and the United States, specializing in property and casualty insurance products for both individuals and businesses. The company offers a comprehensive range of insurance solutions, including personal auto and home insurance, as well as commercial property and liability coverage tailored for small and medium-sized enterprises. Intact Financial also provides specialty insurance products that cater to diverse sectors, such as technology, entertainment, and public entities. The company's offerings are marketed under the Intact Insurance, belairdirect, Brokerlink, and OneBeacon brands, distributed through a network of brokers and directly to consumers. Founded in 1809 and headquartered in Toronto, Canada, Intact Financial Corporation was previously known as ING Canada Inc. before rebranding in 2009.
Ledger Investing Inc. operates an online marketplace that connects insurers with investors interested in purchasing insurance-linked securities. Founded in 2016 and based in Washington, D.C., the company aims to enhance risk transparency and standardization in the insurance sector. By leveraging advanced data infrastructure and analytics, Ledger Investing streamlines transactions, enabling asset managers, pension funds, hedge funds, family offices, and other institutions to invest in a growing asset class that is uncorrelated with traditional investments like equity and fixed income. This innovative platform allows insurers to access lower-cost capital through securitization, facilitating a more efficient interaction between capital markets and insurance risk.
Urban Jungle is an insurance technology business based in the UK. Urban Jungle leverages technology to help young customers get access to cheaper, better, home insurance.
Acko is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and begun offering similar policies in healthcare.
Coterie Insurance is an InsurTech company that provides an API-based approach to commercial insurance and simplifies small business insurance. Powered by data-backed underwriting, the company quickly delivers accurate pricing and a submission-to-bind experience. Its technology uses data-driven automation to provide accurate coverage, quote, and issue policies that help clients save time and reduce the stress of managing an insurance audit process.
RSA Middle East is a prominent provider of property and casualty insurance in the region, catering to both commercial and retail clients. The company offers a diverse range of insurance solutions, including motor, property, medical, and tailored products for small and medium enterprises, as well as large corporations. With operations in Bahrain, the United Arab Emirates, Oman, and the Kingdom of Saudi Arabia, RSA Middle East leverages its global expertise to deliver effective insurance services in a variety of sectors, including marine, renewable energy, and construction. With a commitment to strong performance, RSA Middle East plays a crucial role in the insurance landscape of the Middle East.
Snapsheet is a cloud-native claims management software that delivers claims experiences through its tech-enabled appraisal services. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. The company also helps the industry with claims innovation, including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.
Coterie Insurance is an InsurTech company that provides an API-based approach to commercial insurance and simplifies small business insurance. Powered by data-backed underwriting, the company quickly delivers accurate pricing and a submission-to-bind experience. Its technology uses data-driven automation to provide accurate coverage, quote, and issue policies that help clients save time and reduce the stress of managing an insurance audit process.
Acko is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and begun offering similar policies in healthcare.
Frank Cowan Company is a leader in providing specialized insurance programs, including risk management and claims services to municipalities, healthcare, education, community, children’s and social service organizations across Canada. Proven industry knowledge, gained through over nine decades of partnering with insurance companies and independent brokers, gives Frank Cowan Company the ability to effectively manage the necessary risk, advisory and claims services for both standard and complex issues.
The Guarantee Company of North America is a Canadian-owned insurance provider headquartered in Toronto, Canada. It serves customers in both Canada and the United States, with a business model that emphasizes specialty lines and surety, accounting for two-thirds of its operations. The remaining third focuses on personal insurance, including a high net worth portfolio for home and auto insurance in Canada. Additionally, the company offers a range of services such as contract, commercial, and developer surety bonds, along with trade credit solutions.
Acko is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and begun offering similar policies in healthcare.
Metromile is a digital insurance platform in the United States. With data science as its foundation, Metromile offers real-time, personalized auto insurance policies by the mile, instead of the industry-standard approximations and estimates that have historically made prices unfair. Metromile’s digitally native offering is built around the modern driver’s needs, featuring automated claims, complimentary smart driving features, and annual average savings of 47% over what they were paying their previous auto insurer. In addition, Metromile Enterprise licenses its technology platform to insurance companies around the world. This cloud-based software as a service enables carriers to operate with greater efficiency, automate claims to expedite resolution, reduce losses associated with fraud, and unlock the productivity of employees.
Intact Insurance Specialty Solutions offers a range of specialty insurance products sold through independent agencies, regional and national brokers, wholesalers, and managing general agencies. Each business is managed by an experienced team of specialty insurance professionals focused on a specific customer group or industry segment, and providing distinct products and tailored coverages and services. OneBeacon's solutions target group accident and health; architects and engineers; commercial surety; entertainment; environmental; excess property; financial institutions: financial services; healthcare; management liability; ocean and inland marine; programs; public entities; technology; and tuition refund.
Snapsheet is a cloud-native claims management software that delivers claims experiences through its tech-enabled appraisal services. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. The company also helps the industry with claims innovation, including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.
Metromile is a digital insurance platform in the United States. With data science as its foundation, Metromile offers real-time, personalized auto insurance policies by the mile, instead of the industry-standard approximations and estimates that have historically made prices unfair. Metromile’s digitally native offering is built around the modern driver’s needs, featuring automated claims, complimentary smart driving features, and annual average savings of 47% over what they were paying their previous auto insurer. In addition, Metromile Enterprise licenses its technology platform to insurance companies around the world. This cloud-based software as a service enables carriers to operate with greater efficiency, automate claims to expedite resolution, reduce losses associated with fraud, and unlock the productivity of employees.
Canadian Direct Insurance Incorporated is a property and casualty insurance company based in Vancouver, Canada, with an additional office in Edmonton. Founded in 1996, the company serves customers in British Columbia and Alberta by offering a range of personal insurance solutions, including auto insurance, home insurance (covering tenants, condos, and homeowners), and travel medical insurance. Notably, Canadian Direct pioneered an over-the-phone distribution model, allowing it to provide services directly to customers and offer significant cost savings. The company is dedicated to delivering competitively priced insurance products, efficient claims handling, and high-quality customer service. In 2015, Canadian Direct became a subsidiary of Intact Financial Corporation, integrating its operations in Alberta with belairdirect while continuing to maintain its brand and product offerings.
Metro General Insurance Corporation Limited
Acquisition in 2014
Metro General Insurance Corporation Limited is a privately owned property and casualty insurance company domiciled in St. John's, Newfoundland. Metro General was incorporated in 1972. Its 23 employees offer home, auto and liability insurance to consumers through a network of brokers located throughout Newfoundland and Labrador and in rural Nova Scotia.
AXA Canada (www.axa.ca) and its 2,300 employees offer home, auto and business insurance as well as life insurance products through a network of 1,300 brokerages and 2,700 independent insurance advisors. In 2010, AXA Canada direct premiums written amounted to $2.0 billion making the company the 6th largest P&C insurer in the country. Over the last five years, the company has grown annually by more than 7% and has outperformed the industry with an average combined ratio of 92.2%.
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