Ivantage Insurance Brokers Inc. (“Ivantage”) is compensated through commissions and fees paid by Property and Casualty Insurers (Insurers) and Managing General Agents (MGAs) for the sale of insurance products. Below is the percentage range in compensation that Ivantage receives as a commission on the sale of insurance products:
| Company |
Commission Range |
| Pafco Insurance |
10 - 12.5% * |
| Pembridge Insurance |
10 - 20% |
| Allstate Insurance |
15 - 20% |
| Gore Mutual Insurance |
10 - 20% * |
| Hagerty Canada |
15% |
| Northbridge Insurance |
4 - 5% |
| April Canada |
15 - 20% |
| Premier Canada Assurance Managers Ltd. |
15 - 25% |
| Risk-Can Underwriting Managers |
15% |
| Special Risk Insurance Managers |
15% |
| PAL Insurance Brokers |
$20 - $40 |
In addition to the commissions and fees received for the sales of insurance products, periodically, Ivantage has the potential to receive a
Contingent Commission from an Insurer. The Insurers marked with an asterisk (*) above recognize our efforts through contingent commission. Payment of this contingent commission to Ivantage is not guaranteed. It depends on a combination of growth, profitability (loss ratio), volume, retention, and increased services that Ivantage provides on behalf of the Insurer. It is based on Ivantage’s entire portfolio of business with that Insurer and not on individual policies.
Allstate Canada Group Disclosure
Ivantage Insurance Brokers Inc. is a wholly owned subsidiary of Allstate Insurance Company of Canada, and together with Pembridge Insurance Company, Pafco Insurance Company, Esurance Insurance Company of Canada and Allstate Life Insurance Company of Canada, they comprise the Allstate Canada Group. Allstate Canada Group is part of The Allstate Corporation.