Company profile: Canadian Direct
1.1 - Company Overview
Company description
- Provider of personal property and casualty insurance solutions in British Columbia and Alberta, offering auto insurance directly to customers through a customer-focused, technologically advanced call centre; a competitive alternative to ICBC that began by selling optional auto coverage.
Products and services
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Key contacts
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Financial details
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1.2 - Competitors and similar companies to Canadian Direct
InsuranceOnline
HQ: United States
Website
- Description: Provider of a digital insurance comparison platform offering real-time rates and insurance services. Features include comparing auto insurance rates from top-rated carriers, buying insurance online from top providers, and connecting with licensed agents for personalized assistance.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full InsuranceOnline company profile →
Frank Cowan
HQ: Canada
Website
- Description: Provider of specialized insurance programs, including risk management and claims services for municipalities, healthcare, education, community, children’s and social service organizations across Canada, backed by over nine decades of industry knowledge.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Frank Cowan company profile →
Oscar
HQ: United States
Website
- Description: Provider of health insurance plans for individuals, couples, families, and small businesses, including Medicare Advantage, providing access to a network of doctors, hospitals, and pharmacies in parts of New York, New Jersey, California, and Texas; offering technology-enabled services such as virtual urgent care, no-cost virtual primary care in select areas, and app-based prescription delivery.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Oscar company profile →
Flock
HQ: United Kingdom
Website
- Description: Provider of fully digital insurance for commercial motor fleets, focused on connected and autonomous vehicles. London-based insurtech offering connected insurance that enables and incentivises safer driving, so safer fleets pay less. Trusted by hundreds of companies, including Virtuo.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Flock company profile →
Money.co.uk
HQ: United Kingdom
Website
- Description: Provider of UK financial comparison services for consumers and businesses, enabling comparison of credit cards, loans, savings accounts, and life insurance (including over-60 policies), plus information on investment ISAs. Also offers free expert mortgage broker services with personal recommendations, access to market data, jargon-free guides, and money-saving offers.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
View full Money.co.uk company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Canadian Direct
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 2: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████
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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Canadian Direct
2.2 - Growth funds investing in similar companies to Canadian Direct
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4 - Top valuation comps for Canadian Direct
4.2 - Public trading comparable groups for Canadian Direct
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