Several insurance companies and insurance-related firms have made it to this year’s iteration of “Canada’s Top Growing Companies” list, created by The Globe and Mail’s Report on Business magazine.
Established in 2019, Canada’s Top Growing Companies awards celebrate entrepreneurial achievements by recognizing the accomplishments of independent businesses across the country.
All told, 430 businesses made the awards list. Of that number, 13 are in the insurance business or have businesses related to the sale of insurance.
The insurance-related winners of Canada’s Top Growing Companies 2022 and their ranks are:
|
Rank |
Business Name (and description) |
2021 Revenue |
3-Year Revenue Growth % |
Years on ranking (including 2022) |
|---|---|---|---|---|
|
33 |
Consumer Genius (Rates and financial products comparison platform) |
$10 million - $25 million |
1,488% |
2 |
|
52 |
Zensurance (Tech-driven commercial insurance brokerage) |
$5 million - $10 million |
895% |
3 |
|
70 |
Billyard Insurance Group (Family and business insurance brokerage) |
$25 million - $50 million |
644% |
3 |
|
74 |
Trisura Group (Insurer focused on surety, risk solutions, corporate insurance and reinsurance) |
>$1 billion |
614% |
1 |
|
212 |
KASE Insurance (Commercial insurance brokerage) |
$2 million - $5 million |
198% |
1 |
|
249 |
Platform Insurance Management (Insurance brokerage serving construction, real estate industries) |
$10 million - $25 million |
151% |
4 |
|
262 |
OVC Assurance (Auto, home, and business insurance broker) |
$5 million - $10 million |
138% |
4 |
|
283 |
Carte Financial Group (Investment and insurance dealer offering support to advisors) |
$10 million - $25 million |
120% |
1 |
|
289 |
KBD Insurance (Brokerage dealing with business, home and auto insurance) |
$2 million - $5 million |
116% |
2 |
|
320 |
Encircle Inc. (Creator of property insurance software for carriers, adjusters and contractors) |
US$2 million – US$5 million |
101% |
3 |
|
331 |
Surex (Brokers home, auto, and business insurance online) |
$10 million - $25 million |
96% |
4 |
|
353 |
BFL Canada (Insurance brokerage and consulting services firm) |
$250 million - $500 million |
84% |
1 |
|
360 |
Mitch Insurance (Full-service insurance brokerage) |
$5 million - $10 million |
81% |
1 |
"Canada's Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada," said Report on Business editor Dawn Calleja. "The next generation of Canadian businesses can draw inspiration from this ranking."
"In an uncertain world, the success stories of the companies marked in this year's Report on Business magazine's list of Top Growing Companies are a beacon of optimism," added The Globe and Mail publisher and CEO Phillip Crawley.
Several of the winners have expressed their gratitude for being recognized as winners.
"We are pleased to be named one of Canada's Top Growing Companies for 2022 and would like to thank the Globe and Mail, and Report on Business Magazine for this Award,” said Consumer Genius president Paul Hadzoglou. "We would like to thank our industry partners and the thousands of consumers that place their trust in our brands on a daily basis and look forward to continued growth ahead."
“There are so many amazing businesses in Canada doing incredible, innovative things and to be named one of the Top Growing Companies two years running is an accomplishment we’re very proud of and grateful for,” said Mitch Insurance CEO Adam Mitchell. “We have a talented, passionate team that are working together to influence and ultimately change the narrative around insurance. Achievements like this show that we’re on the right path.”
