Insurance Business Canada unveils Ontario’s 5-star brokerages for 2022

Insurance Business Canada (IBC) has revealed Ontario’s 5-star insurance brokerages for 2022 – ranked according to 11 criteria.

IBC scoured Ontario to find its top brokerages by seeking nominations, with each brokerage required to provide key details about its business in 2020 and 2021, including revenue, policies written, number of clients, and profit margin. Eligible brokerages must have three or more brokers and an office in Ontario. Afterwards, the nominees were ranked according to 11 criteria:

Revenue
Revenue growth
Revenue per broker
New broker growth
Number of clients
Number of new clients
Client growth
New clients per broker
Policies written
Policy growth
Policy margin

All the rankings were then added together, with the brokerages that had the lowest overall scores achieving the highest rankings. IBC’s ranking system rewards brokerages based on business per broker rather than critical mass to ensure the best brokerages are singled out, regardless of size.

One of this year’s 5-star brokerages in Ontario is Paisley Partners Inc. (Paisley Partners), a brokerage with a strong history of ensuring that its clients have customised insurance solutions protecting their commercial and personal assets.

Find out more about Paisley Partners and the rest of this year’s top insurance brokerages in Ontario, Canada, by reading IBC’s 5-Star Brokerages 2022 report. Thank you for participating in this year’s report, and congratulations to all the winners!