Company Information

Get to know Economical Insurance

Founded in 1871 in Waterloo, Ontario, Economical Mutual Insurance Company was one of Canada's largest mutual insurance companies. For 150 years, it operated on a policyholder-owned model. In 2021, the company successfully completed the process of demutualization, becoming a publicly-traded entity under a new parent holding company, Definity Financial Corporation (TSX: DFY). Today, Economical Insurance continues its legacy as a core brand within Definity, focused on distributing personal and commercial insurance products exclusively through a network of independent insurance brokers across Canada.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Economical Insurance

Canada

Founded in

1871 (155 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.