ivari Canada
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ivari Canada - overview
Established
1927
Location
Toronto, ON, Canada
Primary Industry
Insurance
About
Based in Canada, ivari Canada is a life insurance provider that offers tailored investment solutions, aiming to provide financial security and peace of mind to its clients. Founded in 1927, ivari Canada specializes in life insurance products and investment solutions. The company is headquartered in Toronto, Canada. Doug Brooks serves as the CEO.
ivari has maintained its focus on providing personalized insurance and investment options to its clients over the years. ivari is a Canadian company specializing in life insurance and investment solutions tailored for individual clients. The core offerings include a range of life insurance products such as Universal Life Insurance, Term Insurance, Critical Illness Insurance, and Guaranteed Life and Simplified Life Insurance. These products are designed to provide financial security and peace of mind to policyholders and their beneficiaries in case of unforeseen events, while also catering to investment needs through various annuities and healthcare solutions.
ivari's target market encompasses Canadian residents seeking personalized insurance solutions and investment opportunities. The company actively engages with its clients through digital tools, enabling efficient navigation of their insurance policies and investment options. ivari generates revenue primarily through the sale of its insurance products and investment solutions. For the most recent year, the company reported a revenue of USD 1.
60 mn. Clients typically engage with the company by purchasing insurance policies, which are structured as direct-to-consumer transactions. The revenue model is sustained by premium payments from policyholders, and additional revenue may stem from investment management fees associated with the annuities and other financial products offered by the firm. Specific product lines such as Universal Life Insurance and Critical Illness Insurance serve as flagship offerings that contribute significantly to the company's financial performance.
The company’s revenue is bolstered by a diverse client base, which includes individuals seeking both protection and growth of their financial assets.
Primary Industry
Insurance
Sub Industries
Brokerages, Commercial Insurance, Life Insurance, Personal Insurance
Website
www.ivari.ca
Total Amount Raised
Subscriber access only
ivari Canada - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Life insurance product managing general agent business of ivari | - |
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