Insights

Digital Innovation Focus Economical Insurance has demonstrated a strong commitment to digital transformation through platforms like Sonnet™ and Vyne, streamlining customer and broker experiences. This focus indicates ongoing investment in convenient, tech-driven solutions, presenting opportunities to offer complementary insurtech services or customized digital tools tailored to their modernization efforts.

Strategic Partnerships The company's recent collaborations with Deloitte and Swiss Re highlight a strategic openness to external expertise and innovative solutions, especially in areas like platform development and reinsurance. These partnerships open avenues for proposing specialized services such as consulting, risk management, or advanced analytics to support their growth and expansion plans.

Expansion in Commercial Lines With the launch of Vyne Commercial and a focus on simplifying small business insurance, Economical is targeting the Commercial insurance sector. This presents a sales opportunity to introduce services related to commercial risk assessment, SMB-focused insurtech solutions, or value-added broker support tools to strengthen their market position.

IPO and Growth Trajectory Having gone public in late 2021, Economical is transitioning from mutual organization to a publicly-traded company, emphasizing growth and scalability. This evolution signals potential demand for financial services, investor relations solutions, or procurement platforms that support their expanding enterprise infrastructure.

Sustainability and Diversity Economical’s commitment to diversity and inclusion, as evidenced by their partnership with the Canadian Centre for Diversity and Inclusion, highlights a corporate culture focused on social responsibility. Opportunities exist to offer diversity consulting, corporate social responsibility tools, or sustainability-focused insurtech products aligned with their values and brand image.

Economical Insurance Tech Stack

Economical Insurance uses 8 technology products and services including Databricks, UiPath, Unpkg, and more. Explore Economical Insurance's tech stack below.

  • Databricks
    Big Data Processing
  • UiPath
    Business Process Management
  • Unpkg
    Content Delivery Network
  • Microsoft Visio
    Dev Tools
  • jQuery UI
    Javascript Libraries
  • Preact
    Javascript Libraries
  • UIKit
    UI Frameworks
  • X-Content-Type-Options
    Web & Portal Technology

Media & News

Economical Insurance's Email Address Formats

Economical Insurance uses at least 1 format(s):
Economical Insurance Email FormatsExamplePercentage
First.Last@economical.comJohn.Doe@economical.com
96%
First.Middle@economical.comJohn.Michael@economical.com
2%
Last.First@economical.comDoe.John@economical.com
2%

Frequently Asked Questions

Where is Economical Insurance's headquarters located?

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Economical Insurance's main headquarters is located at 111 Westmount Road South P.O. Box 2000 Waterloo, Ontario N2J 4S4 CA. The company has employees across 6 continents, including North AmericaAfricaEurope.

What is Economical Insurance's phone number?

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You can contact Economical Insurance's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is Economical Insurance's official website and social media links?

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Economical Insurance's official website is economical.com and has social profiles on LinkedIn.

How much revenue does Economical Insurance generate?

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As of October 2025, Economical Insurance's annual revenue is estimated to be $5B.

What is Economical Insurance's SIC code NAICS code?

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Economical Insurance's SIC code is 0782 - Lawn and Garden Services NAICS code is 524 - Insurance Carriers and Related Activities.

How many employees does Economical Insurance have currently?

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As of October 2025, Economical Insurance has approximately 1.5K employees across 6 continents, including North AmericaAfricaEurope. Key team members include Chief Risk And Actuarial Officer: L. M.Chief Information Officer: A. K.Chief Investment Officer: S. S.. Explore Economical Insurance's employee directory with LeadIQ.

What industry does Economical Insurance belong to?

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Economical Insurance operates in the Insurance industry.

What technology does Economical Insurance use?

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Economical Insurance's tech stack includes DatabricksUiPathUnpkgMicrosoft VisiojQuery UIPreactUIKitX-Content-Type-Options.

What is Economical Insurance's email format?

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Economical Insurance's email format typically follows the pattern of First.Last@economical.com. Find more Economical Insurance email formats with LeadIQ.
Economical Insurance

Economical Insurance

InsuranceOntario, Canada1001-5000 Employees

Economical Insurance is part of Definity.

We make one simple promise to our customers: We'll be there when you need us most. When the unexpected happens, you can count on Economical to take care of the details so you can get on with your life.

Customers are at the heart of everything we do, and our strong and diverse teams rally together to deliver reliable solutions for homes, vehicles, farms, and other complex commercial operations. With brands like Sonnet™ offering a radically simple, digital insurance experience and Petline™ making sure everyone in the household’s looked after, our family of companies helps a million-plus Canadians when they need us most.

A long history of innovation inspires us as we continue on our journey toward becoming a publicly-traded company — we’ve come a long way since we started in 1871! We are truly making history as we speak, being the first national Property and Casualty (P&C) insurer to pursue demutualization.

We are a proud Employer Partner of the Canadian Centre for Diversity and Inclusion (CCDI), focused on making our workplace inclusive and free of prejudice and discrimination.

Economical Insurance includes the following companies: Economical Mutual Insurance Company, Family Insurance Solutions Inc., Sonnet Insurance Company, Petline Insurance Company. ©2019 Economical Insurance. Economical and Economical Insurance are registered trademarks of Economical Mutual Insurance Company. All Economical intellectual property belongs to Economical Mutual Insurance Company. All other intellectual property is the property of their respective owners.

Section iconCompany Overview

Headquarters
111 Westmount Road South P.O. Box 2000 Waterloo, Ontario N2J 4S4 CA
Phone number
SIC Code
0782 - Lawn and Garden Services
NAICS Code
524 - Insurance Carriers and Related Activities
Employees
1001-5000

Section iconFunding & Financials

  • $1B$10B

    Economical Insurance's revenue is estimated to be in the range of $1B$10B

Section iconFunding & Financials

  • $1B$10B

    Economical Insurance's revenue is estimated to be in the range of $1B$10B

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