May 19, 2020

Canada's best managed companies - platinum winners

Leadership
Management
anna smith
1 min
Canada's best managed companies - platinum winners

Web publication Canadian Business has released its annual Best Managed Company List. We take a look at the firms who have been named some of Canada's Best Managed Companies for over seven consecutive years .

1. Capital Paving

Sector: Construction

Location: Guelph, ON

2. GreenField Speciality Alcohols

Sector: Manufacturing

Location: Toronto

3. Gregg Distributors

Sector: Distribution

Location Edmonton

4. Groupe Robert

Sector: Transportation

Location: Rougemont, QC

5. Imperial Manufacturing Group

Sector: Manufacturing

Location: Richibucto, NB

6. Kaizen Automotive Group

Sector: Retail

Location: Calgary

7. Maple Lodge Farms 

Sector Food Processing

Location: Brampton, ON

8. Maple Reinders Group

Sector: Construction

Location: Lississauga, ON

9. Medcan

Sector: Healthcare

Location: Toronto

10. Pfaff Automotive Partners

Sector: Retail

Location: Vaughan, ON

 

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Read the March 2017 issue of Business Review USA & Canada magazine

Source: Canadian Business

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Jul 30, 2021

CB Insights: US Insurtechs Compete In A Now Global Market

CBInsights
Insurtech
wefox
Finance
2 min
Tech market intelligence platform CB Insights highlights that 2021 insurtech funding is less dominated by US firms and more geographically diverse

In the first half of the year, insurtech companies around the world have raised US$7.4bn, nearly doubling their funding in Q2. According to Digital Insurance, insurtechs have raised US$4.8bn in Q2—an 89% increase in funding from Q1. But US firms are no longer the sole beneficiaries. 

What Are the Stats? 

Out of the 15 Q2 mega-rounds—those that top US$100mn—only eight included American firms. Pretty good, you might say. That’s over half! But US companies only made up 38% of the deals, which marks a 10% drop from Q1 and a 12% drop from 2020. Technically, therefore, US insurtechs are less influential than they’ve been in the past. But who says this is a bad development? 

 

Despite my American citizenship, I’d argue that a more globally diverse insurance market is only for the best. Many of the world’s citizens who could most benefit from improved insurance services live outside of the States—and deserve local, tech-savvy services. 

Why Does This Matter? 

You’re always going to see the typical insurtech contenders from Western countries. For instance: 

 

 

But it’s critical that we address risk across the world. American insurtechs might be some of the most technologically skilled firms in the industry, but it’s not their first goal to address floods in Southeast Asia, crop destruction in China, and COVID complications in South Africa. That’s why we should celebrate that the recent Q2 round included insurtechs from 35 different countries

 

According to CB Insights’ Q2 2021 Quarterly InsurTech Briefing, this was the first time that they’d observed insurtech activity in Botswana, Mali, Romania, Saudi Arabia, and Turkey. And ‘from a product, service, distribution, and underlying risk perspective, we—as a society and as an industry—are moving at an unprecedented speed’, says Dr. Andrew Johnston, Global Head of Willis Re InsurTech

 

Just ask CB Insights. InsurTech value propositions have resonated with the world. 

 

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