Corporate policy and commission disclosure
Corporate policy
Our Commitment to You: The Panda7 Advantage
At Panda7, we are an independent digital insurance brokerage and marketplace, partnering with Canada’s top insurance companies to provide highly competitive rates for your auto, home, business, and specialty insurance needs. Our goal is simple: to confidently find the most efficient way to deliver the best insurance products at an affordable price.
The Best of Both Worlds: Tech Meets Expertise
We believe finding insurance should be easy. By combining innovative online tools with the personalized care of licensed, professional brokers, we do the heavy lifting for you. We shop the market to identify and negotiate the perfect balance of right coverage, exceptional service, and best price tailored to your unique budget and needs.
Complete Transparency on How We Are Compensated
Trust is the foundation of our business, and we want to be fully transparent with you about how we operate. As an insurance distributor, we bear the costs of marketing, customer support, and administrative services. In exchange for placing your business, we receive brokerage compensation that is already built into your insurance premium.
Here is what you need to know:
No Hidden Costs: We have separate commission agreements with each insurance company we represent. These commissions are paid to us annually for both new business and renewals, resulting in absolutely no additional cost to you.
Unique Policy Fees: Occasionally, a specialized policy fee may be applied for "unique" or complex placements where there is limited or no commission provided by the insurer. If this applies to your situation based on the policy type or exposure, this fee will always be disclosed to you separately, upfront, and clearly outlined on your customer statement.
At Panda7, you get the speed of modern technology, the vast choices of an independent marketplace, and the trusted advice of a broker who is always in your corner.
Commission disclosure
|
Insurer |
Comm. Range |
Insurer |
Comm. Range
|
|---|---|---|---|
|
Agile Underwriters |
12.5% - 20% |
Intact* |
10% - 20% |
|
April Canada |
15% - 17.5% |
Jevco |
5% - 12.5% |
|
Aviva* |
12.5% - 20% |
Nordic |
7.5% - 12.5% |
|
CAA |
12.5% - 20% |
Pembridge Insurance* |
10% - 20% |
|
Gore Mutual* |
10% - 20% |
Travelers* |
10% - 20% |
|
Wawanesa* |
12.5% - 20% |
SGI Canada* |
10% - 20% |
* Companies indicated with an asterisk pay a Contingent Profit Commission contract based on growth and profitability.
