About ICPEI
ICPEI is a company based in Charlottetown (Canada) founded in 1987 was acquired by Desjardins in March 2024.. ICPEI offers products and services including Personal Insurance, Business Insurance, and Surety. ICPEI operates in a competitive market with competitors including Sun Life Financial, Blue KC, Canada Life, Equitable and Allied World Assurance Company, among others.
- Headquarter Charlottetown, Canada
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name The Insurance Company Of Prince Edward Island
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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
Desjardins
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of ICPEI
ICPEI offers a comprehensive portfolio of products and services, including Personal Insurance, Business Insurance, and Surety. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers automobile, property, and liability for individuals.
Provides commercial packages and coverages for business operations.
Offers bonding and guarantee services for financial obligations.
Funding Insights of ICPEI
| 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 |
Investors in ICPEI
ICPEI has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Desjardins and ICPEI Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Financial services are provided cooperatively to members in Canada.
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Founded Year | Domain | Location | |
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Provider of commercial and personal lines insurance products
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ICPEI
| 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 |
Financial Statements - ICPEI
| 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 |
Icpei Comparisons
Competitors of ICPEI
ICPEI 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 Sun Life Financial, Blue KC, Canada Life, Equitable and Allied World Assurance Company, 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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| domain | founded_year | HQ Location |
Insurance and asset management services are offered to diverse clients.
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Provider of life insurance, investment, and retirement products
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| domain | founded_year | HQ Location |
Mutual life insurance is provided to clients across Canada.
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| domain | founded_year | HQ Location |
Diversified insurance products including casualty, motor, and liability are offered.
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| domain | founded_year | HQ Location |
Provider of life, health, property, casualty, aviation, marine and other insurance services
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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 Icpei
Frequently Asked Questions about ICPEI
When was ICPEI founded?
ICPEI was founded in 1987.
Where is ICPEI located?
ICPEI is headquartered in Charlottetown, Canada. It is registered at Charlottetown, Prince Edward Island, Canada.
What does ICPEI do?
ICPEI was founded in 1987 in Charlottetown, Canada, where it operates as an insurance brokerage firm. Services encompass brokerage for home, auto, and commercial insurance policies, tailored to client needs in the Canadian market. The firm is headquartered in Prince Edward Island, facilitating access to various insurance providers through its domain, icpei.ca. Operations remain focused on standard brokerage functions without additional sectors.
Who are the top competitors of ICPEI?
ICPEI's top competitors include Sun Life Financial, The Co-operators and Beazley.
What products or services does ICPEI offer?
ICPEI offers Personal Insurance, Business Insurance, and Surety.
Who are ICPEI's investors?
ICPEI has 2 investors. Key investors include Desjardins, and ICPEI Holdings.