About Economical Insurance
Economical Insurance is a company based in Waterloo (Canada) founded in 1871. It operates as a B2C. Economical Insurance has completed 2 acquisitions, including Petsecure and Western FIC. Economical Insurance operates in a competitive market with competitors including Intact Ventures, Trisura, ICPEI Holdings, Travelers Canada and Northbridge Financial Corporation, among others.
- Headquarter Waterloo, Canada
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Petsecure
& 1 more
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Funding Insights of Economical Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Economical Insurance
Economical Insurance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Petsecure and Western FIC. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Insurance services are provided to clients in the United States.
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2019 | ||||
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Pet insurance services are delivered via an internet-first approach.
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1989 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Economical Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Economical Insurance Comparisons
Competitors of Economical Insurance
Economical Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intact Ventures, Trisura, ICPEI Holdings, Travelers Canada and Northbridge Financial Corporation, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of property & casualty insurances
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P&C insurance carrier
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| domain | founded_year | HQ Location |
Provider of commercial and personal lines insurance products
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| domain | founded_year | HQ Location |
Provides insurance coverage for cars, homes, and commercial needs in Canada.
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| domain | founded_year | HQ Location |
Offers insurance solutions through brokers and direct services for businesses in Canada.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Economical Insurance
Frequently Asked Questions about Economical Insurance
When was Economical Insurance founded?
Economical Insurance was founded in 1871.
Where is Economical Insurance located?
Economical Insurance is headquartered in Waterloo, Canada. It is registered at Waterloo, Ontario, Canada.
What does Economical Insurance do?
Economical Insurance serves as a property and casualty insurance carrier through offering financial products and advice, offering insurance products, property and casualty, and insurance services. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Economical Insurance?
Economical Insurance's top competitors include Intact Ventures, Trisura and ICPEI Holdings.
How many acquisitions has Economical Insurance made?
Economical Insurance has made 2 acquisitions, including Petsecure, and Western FIC.