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Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE CANADA EDITION 2026

Canada’s
insurtech industry,
in focus.

The companies, capital and talent shaping insurtech in Canada. Find the leaders. Understand the segments. See where the activity is.

Explore in Radar Read the key signals
Snapshot: Funding in USD
Illustrated cover for Insurtech Industry Landscape of Canada
CA
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Insurtech illustration
Companies tracked 378Insurtech ecosystem in Canada Disclosed funding $895.67M52 companies · all recorded rounds Companies hiring 46With open roles at the snapshot Tracked open roles 1252 employers posted in the preceding 30 days
MEET THE COMPANIES

Explore Canada’s insurtech leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

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Explore the full landscape
Insurtech company highlights in Canada, snapshot 3 September 2026
Company
Leagueleague.com$241.95M—136—
EquiSoftequisoft.com$134.02M—900—
NGrainngrain.com$55.15M—37—
Rates.carates.ca$51M—400—
PolicyMepolicyme.com$42.42M—2,802—
Zafinzafin.com$37.2M6 roles51—
Owl Technologiesowl.co$35.49M—89—
NexJnexj.com$32.89M—100—
BCAAbcaa.com—10 roles1,197—
Western Coast Insurance Serviceswesterncoastinsurance.ca—10 roles——
Securian Canadasecuriancanada.ca—7 roles273—
My Insurance Brokermyinsurancebroker.com—6 roles135—
YouSetyouset.ca—6 roles13—
Forward Insurance Managersforwardinsurance.ca—5 roles——
Manitoba Insurancempi.mb.ca—5 roles1,405—
Apollo Insuranceapollocover.com——79—
BOXX Insuranceboxxinsurance.com——43—
Cognition+gocognition.com——149—
Encirclegetencircle.com——77Financial figure available in RadarView in Radar
Finnfinn.ai——43—
GSCgreenshield.ca——819—
Lowest Rateslowestrates.ca——50—
Quandriquandri.io——22—
Sonnetsonnet.ca————
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Insurtech industry KPIs in Canada

A few useful ratios bring the size of this ecosystem into perspective.

3 September 2026
Hiring participation12.2%

46 of 378 tracked companies have open roles.

Funding participation14.8%

56 of 378 tracked companies have a recorded round.

Top 3 funding share48.1%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$2.6M

Midpoint of 96 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 48.1% of disclosed capital, while 85.2% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Canada insurtech has grown

Recorded company formation and disclosed funding across the complete annual series shown.

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2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Canada insurtech
$0$60.77M$121.55M$182.32M$243.1M2016: $26.9M20162017: $3.25M20172018: $79.41M20182019: $25.13M20192020: $24.97M20202021: $213.24M20212022: $146.8M20222023: $174.98M20232024: $28.56M20242025: $36.46M2025
View the numbers
Annual insurtech funding and company formation in Canada
YearFunding (USD)FoundedRaising
2016$26.9M284
2017$3.25M212
2018$79.41M2012
2019$25.13M249
2020$24.97M207
2021$213.24M1613
2022$146.8M1013
2023$174.98M169
2024$28.56M87
2025$36.46M46
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • League27.0%
  • EquiSoft15.0%
  • NGrain6.2%
  • Other companies51.9%

Funding by stage

112 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel60 53.6%
Series A–B34 30.4%
Series C+ / PE7 6.2%
Grants, debt & other11 9.8%

Recent recorded rounds

Latest recorded rounds · USD
0 rounds

Swipe or scroll horizontally to browse.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series C02/2022
Leagueleague.com$95M

Backed by TDM Growth Partners and Workday Ventures and others.

Series B01/2019
Zafinzafin.com$17.2M

Backed by Beedie Capital Partners and Accenture and others.

Series BDate unavailable
NGrainngrain.com$16.3M

Participating investors were not recorded in this snapshot.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

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Annual accounts availability

The measured Canada identity-to-filing probe did not produce a qualifying designated legal or national-ID join: world_filings_distributed exposes no reviewed Canadian national-ID key; none of the designated Canadian identities carried a CIK.; The measured Canada identity-to-filing probe did not produce a qualifying designated legal or national-ID join: world_filings_distributed exposes no reviewed Canadian national-ID key; none of the designated Canadian identities carried a CIK.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Canada companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

6 of the 378 companies on this page carry a measured traffic record (1.6%); these are the largest of those, by monthly visits. The median among them is 245,291 visits.

CompanyMonthly visitsAuthorityMobile
Rates.carates.ca443,9344777.1%
Lowest Rateslowestrates.ca347,1234186.1%
Manitoba Insurancempi.mb.ca346,7654758.6%
Xwasdptxwasdpt.com143,8172100%
Apollo Insuranceapollocover.com117,7403853.6%
Studentcare (Canada)studentcare.ca96,3713445.1%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

30 of these companies (7.9%) publish at least one Android app — 57 apps in all, carrying 1.1M installs between them.

AppInstallsRatingStore category
GreenShield+GSC199.2K4.5Business
BCAA MobileBCAA148.7K—Lifestyle
Goose InsuranceGoose129.5K3.9Finance
EncircleEncircle129.3K4Productivity
myHSAmyHSA76K4.4Health & Fitness
MÉDIC ConstructionGSC59.3K—Finance
League - Better BenefitsLeague47.2K3.9Business
Victor CentralGSC42.8K4.6Finance
Sonnet InsuranceSonnet34.3K—Finance
GSC4myCLACGSC21.3K—Finance

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Internet First Insurance Platforms21702.5KGreenShield+ 199.2K
Hrtech15543.4KmyHSA 76K
Healthcare Payer Tech7345.5KMÉDIC Construction 59.3K
Employer Insurance8197.9KLeague - Better Benefits 47.2K
Insurance It32164.4KEncircle 129.3K
Connected Vehicles521.4KTitan GPS FieldDocs (ELD 2.0) 11.2K
Logistics Tech421.1KTitan GPS Fleet 5.2K
Road Transport Tech317.3KTitan GPS Install 950

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q1: 12023Q1: 02023Q12023Q3: 12023Q3: 02023Q32023Q4: 22023Q4: 02023Q42024Q4: 12024Q4: 12024Q42025Q1: 32025Q1: 02025Q12025Q2: 32025Q2: 32025Q22025Q3: 12025Q3: 52025Q32026Q1: 12026Q1: 82026Q1

Darker bars are new releases, lighter bars apps updated. 38 of 57 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Canada insurtech market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Fintech354
Enterprise tech245
Enterprise software156
Consumer digital151
Saas98
Insurtech saas80
Fintech saas79
Insurance distribution platforms77
Internet first insurers70
Insurance underwriting and risk management32
Usage based insurance28
Crm for enterprises28

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Fintech

The largest measured segment in this report snapshot.

354companies
12.4%have hiring activity

44 companies hiring · $895.67M disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Subscription245
Commission on transaction179
E-commerce - service80
Fee-for-service77
Advertising25
E-commerce - product19
Physical commerce6
Lending3
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Mergers & acquisitionsboxxinsurance.com ↗

Last year, it acquired Canadian cyber insurtech Boxx Insurance, after backing the company in earlier funding rounds.

Mergers & acquisitionsslbrokers.ca ↗

BrokerLink acquired Spruce Grove, Alta.-based SL Insurance Brokers (Spruceland Insurance Brokers).

Mergers & acquisitionsims.tech ↗

Both market leaders in their respective spaces, IMS and Quintiles are merging in an all-stock deal that will create a combined company currently with $17.6 billion in equity value.

Funding roundsagi3.ai ↗

Scale AI — a consortium of private entities, research centres, academia and high-potential startups that is backed by the federal government — is supporting Agi3 with $4.7 million.

Mergers & acquisitionspronavigator.ai ↗

Guidewire, a leading platform provider for the property and casualty (P&C) insurance industry, has signed a definitive agreement to acquire ProNavigator, an AI-powered knowledge management platform designed for the insurance sector.

Funding roundsquandri.io ↗

Quandri, a Canadian InsurTech startup transforming insurance brokerage operations through AI-powered automation, has secured $12m in a Series A funding round, marking a significant milestone in its growth journey.

Funding roundspolicyme.com ↗

Toronto’s PolicyMe has secured $30 million in new funding to accelerate the growth of its digital insurance platform and expand its presence across Canada.

Funding roundsfinn.ai ↗

The financing is coming from leading global banks, including Citi and Jefferies.

Mergers & acquisitionsequisoft.com ↗

Equisoft, a leading global digital solutions provider to the financial services industry, announced today the acquisition of VisCalc, an Atlanta-based provider of a SaaS illustration software for small to mid-sized life insurance carriers.

Funding roundsleague.com ↗

Toronto-based healthcare platform League has secured a $100-million USD ($144-million CAD) credit facility from RBCx as it celebrates achieving 40 million users under contract.

Full recorded event mix

Top 9 categories among 90 recorded events in the 24-month window.

Leadership moves
31
Funding rounds
18
New products
11
Mergers & acquisitions
9
Company announcements
8
Contracts
6
Asset acquisitions
5
Capital infusions
1
Earnings
1
3 activity cards

Swipe or scroll horizontally to browse.

Product launches

Products, platforms and features in the recorded window

Cyberboxx Business

Integrated commercial cyber solution

Tech E&O by BOXX

Insurance

EquiSoft ↗
Equisoft/amplify suite

Insurance technology platform

Quandri ↗
Requoting

Requoting capability

EquiSoft ↗
PremiumPay

Premium payment platform

Creditor Insurance Digital Claims Portal

Insurance Claims Portal

Contract wins

4 recorded customer wins

EquiSoft ↗

Customer: United Heritage Life Insurance CompanyFinancial Services / Insurance

Sonnet ↗

Customer: dominion lending centresInsurance

EquiSoft ↗

Customer: emmaInsurance and Wealth Management

Workforce actions

1 companies with reported reductions

32 rolesaudit recommendation

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
zurich insurance→BOXX Insurance ↗Completed2026-04-23Not stated in snapshot
brokerlink→Spruceland Insurance Brokers ↗Completed2026-04-14Not stated in snapshot
IMS→quintilesAnnounced2025-12-31Not stated in snapshot
guidewire→ProNavigator ↗Announced2025-10-30Not stated in snapshot
It.Seg Acrisure→Finn ↗Announced2025-03-10Not stated in snapshot
EquiSoft→VisCalcAnnounced2025-01-23Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

503 postings in the preceding 12 months. The full 992-posting snapshot covers 42 employers.

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Most advertised job titles

Insurance Advisor65
Insurance Broker62
Insurance Sales Producer40
Service Advisor18
Senior Business Development Representative10
Insurance Sales Representative9
0 internship postings

37 tracked postings mention remote work.

The seniority mix

336 postings specify a level.

unspecified
656
senior
172
manager
136
lead
22
entry
5
intern
1

Skills employers mention

Top skills across 992 tracked postings in the available jobs snapshot.

Data Analysis
4
Embedded Intelligence
2
Recruiter
2
Live Deal Support
2
Aws
2
Node.Js
2
Performance Diagnostics
2
Prospecting
2
Automation
2
Call Shadowing
2
ADVERTISED PAY$45.9K/ year

Median across 88 postings with pay data, expressed in USD.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

198 founders and chief executives across 155 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

35 profiles with education records.

University of Toronto
14
University of Waterloo
4
Queen's University
3
Massachusetts Institute of Technology
2
Harvard Business School
2
McGill University
2
Harvard University
1
Yale University
1

Prior employers

5 profiles with prior-work records.

Boston Consulting Group
2
Amazon
1
Google
1
McKinsey
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

1,339,091 articles in the measured 12-month window.

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1,339,091articles in the measured year
175,238articles in 2026Q1
16.7%positive tone in the latest complete year

News volume trends

Insurtech coverage across Canada · articles per complete quarter

0252,027504,054756,0801,008,1072021Q2: 360,5772021Q22021Q3: 372,3442021Q4: 372,2712022Q1: 389,6022022Q2: 385,1352022Q22022Q3: 403,9902022Q4: 453,0022023Q1: 466,7392023Q2: 456,3332023Q22023Q3: 415,3682023Q4: 361,8182024Q1: 363,5012024Q2: 353,6352024Q22024Q3: 327,0132024Q4: 339,8952025Q1: 527,4532025Q2: 327,1482025Q22025Q3: 876,6152025Q4: 127,4522026Q1: 175,2382026Q1
View quarterly article counts
QuarterArticles
2021Q2360,577
2021Q3372,344
2021Q4372,271
2022Q1389,602
2022Q2385,135
2022Q3403,990
2022Q4453,002
2023Q1466,739
2023Q2456,333
2023Q3415,368
2023Q4361,818
2024Q1363,501
2024Q2353,635
2024Q3327,013
2024Q4339,895
2025Q1527,453
2025Q2327,148
2025Q3876,615
2025Q4127,452
2026Q1175,238

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
183,240 positive · 900,925 neutral · 92,425 negative
2022
248,999 positive · 1,247,484 neutral · 134,428 negative
2023
287,218 positive · 1,275,310 neutral · 136,790 negative
2024
301,670 positive · 933,339 neutral · 148,111 negative
2025
310,619 positive · 1,342,163 neutral · 204,941 negative

Leading coverage topics

Insurtech coverage across Canada · ranked by full-period article count.

Administrative And Political Subdivisions4,166,914 articles in the full recorded period
899,080 recent · 769,874 prior
Geographic Naming Conventions And Etymology81,013 articles in the full recorded period
44,908 recent · 8,623 prior
International Sports Competitions39,005 articles in the full recorded period
9,853 recent · 9,679 prior
Trade Policies And Agreements34,302 articles in the full recorded period
10,465 recent · 20,100 prior
International Political Relations28,895 articles in the full recorded period
9,173 recent · 7,809 prior
Olympic Games Coverage22,777 articles in the full recorded period
5,672 recent · 5,830 prior
Sports Broadcast Rights Updates16,873 articles in the full recorded period
2,066 recent · 3,248 prior
Security And Defense Policies16,689 articles in the full recorded period
4,735 recent · 4,223 prior
Hockey Fan Culture And Traditions16,036 articles in the full recorded period
1,105 recent · 3,149 prior
Sports Governance And Policy Changes15,883 articles in the full recorded period
2,898 recent · 3,089 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Insurtech coverage across Canada

KeywordRecentPriorChange
multilateral diplomacy1,06672248%
angel investors1,033385168%
ice sports872227284%
international cups81457043%
wto rulings75639392%
investment deal75343573%
national security strategy62438662%
share price62243144%
public offering59841046%
international cooperation57138648%
tariff negotiations6,29315,281-59%
free trade deals3,1296,376-51%
trade dispute mechanisms2,9284,661-37%
bilateral trade1,9173,504-45%
preferential tariff1,2843,313-61%

Event and signal lenses

Insurtech coverage across Canada

All complete annual cohorts shown
Rising

Regulatory Risk

527,498 classified articles

tariff negotiations, free trade deals, trade dispute mechanisms

37.0% critical · 35.0% positive
Rising

Funding Momentum

143,050 classified articles

angel investors, investment deal, trade deficits fx

28.5% critical · 42.6% positive
Rising

Growth

214,184 classified articles

earnings report, league expansion news, quarterly financials

26.9% critical · 46.7% positive

Insurtech coverage across Canada. Topic labels describe recorded classifications and can include broad context.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Insurtech in Canada: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

KEEP EXPLORING

Put Canada in context

All landscapes ↗

Company ecosystem snapshot: 3 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
Coming soon