Economical Insurance | Company Profile - Revenue, Headcount, Tech Stack, Contacts

Economical Insurance | Company Profile - Revenue, Headcount, Tech Stack, Contacts

Economical Insurance is a prominent Canadian property and casualty insurance company, founded in 1871 in Kitchener, Ontario.

Employees350
Revenue$3.0B
Alexa Rank# 542238

Industry & Market

Primary Industry
insurance
Location
Waterloo, Ontario, Canada

Funding Information

Annual Revenue
$2,963,000,000
Publicly traded company

Headcount Distribution

Total Employees
350
Departments
19

By Department

Department Breakdown

Business Development
Engineering
Information Technology
Operations
Support
Finance
Others

Keywords & Focus Areas

farm insurancegroup insurance home & autoinsurancebusiness insuranceautomobile insurancegroup car home insurancehome insurancecar insurancepet insurancegroup car amp home insurancedigital customer servicedigital insurance infrastructuredigital insurance customer experiencedigital insurance ecosystem developmentinsurance digital servicesfinancial servicesdigital insurance platformpolicy administrationinsurance analytics toolsinsurance digital sales+10 more
30 total keywords

Overview

Economical Insurance is a prominent Canadian property and casualty insurance company, originally founded in 1871 in Kitchener, Ontario to support local farmers. Over the decades, it has evolved into one of the country's leading insurers and is now part of Definity Financial Corporation.

Offering a broad array of insurance solutions—including auto, property, commercial, farm, and accident and illness insurance—the company serves a wide customer base across Canada. Insurance policies are distributed through a network of more than 27,000 licensed brokers nationwide. In 2018, Economical launched Vyne™, a digital platform streamlining workflow and policy issuance for brokers.

Key Metrics

Total Employees
XXXX
Total number of employees
Engineering
XX
Number of employees in the engineering department
Sales Team
$XX
Number of employees in the sales department
Marketing
XX
Number of employees in the marketing department
Founded
XXXX
Year the company was founded
Revenue
$XXX,XXX,XXX
Total revenue of the company
Total Funding
$XXX M
Total funding of the company
Market Cap
$XXX,XXX
Market cap of the company

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Contact

Company
Economical Insurance
Headquarters
111 Westmount Road South, P.O. Box 2000, Waterloo, Ontario N2J 4S4, CA
Founded
1871
Languages
English
Industry
Insurance

Technology Stack

Analytics & Tracking

Not found

Social & Marketing

Google AdWords Conversion

Database & Backend

GraphQLJavascript

Cloud & Infrastructure

Atlassian CloudGoogle Cloud

Productivity

Not found

How to sell to Economical Insurance

Buyer Teams to Target

Digital Transformation & Technology

Chief Information Officer, IT Director, Enterprise Architect, IT Security Manager, DevOps Engineer, Cloud Solutions Architect

Insurance Product & Underwriting

VP of Product Development, Product Manager, Insurance Solutions, Underwriting Manager, Claims Innovation Lead, Senior Underwriter, Policy Administration Lead

Sales & Broker Relationships

Director of Broker Partnerships, National Account Manager, Sales Enablement Manager, Business Development Lead, Broker Channel Manager, Field Sales Director

Analytics & Operations

Director of Operations, Head of Data Science, Business Analyst, Data Analytics Manager, Process Optimization Lead, Operations Manager

What they buy

  • Insurance policy administration platforms
  • Customer relationship management (CRM) software
  • Cloud hosting and storage services
  • Business process automation tools
  • Fraud detection and risk analytics solutions
  • Digital customer engagement platforms
  • Claims management and processing systems

Signals to watch

🤝 Formation of new strategic broker partnerships🚀 Launch of new digital insurance products or platforms🧑‍💻 Implementation of advanced analytics or AI tools📆 Posting of IT, product, or analytics job openings🔒 Focus on cybersecurity initiatives or compliance upgrades📲 Increased investment in mobile or self-serve customer experiences

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