As your independent Insurance Broker, we purchase insurance products and services on your behalf. Our role is to provide you with the best insurance value that combines coverage, service and price.
If you have any additional questions, or require other information regarding any of the compensation received by Ranger Insurance for any of its insurance brokerage services, please do not hesitate to contact your Account Executive.
We also provide personalized quality service that includes professional insurance advice, ongoing policy maintenance and claims support. When any issues arise regarding your insurance coverage, we are your advocate, using our professional experience to best represent your individual interest.
Broker compensation is part of your insurance premiums. For your benefit, we have listed the Insurers that we represent under contract and have included the range of compensation each provides as a percentage of your overall premium.
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Travel Health
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Personal Automobile
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All Other
Personal Lines
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Commercial Automobile
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All Other Commercial Lines
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AFN Insurance
American Home
Aviva Canada *
AXA Insurance *
Boiler Inspection
Commerce & Industry
Continental Casualty*
Ecclesiastical
Encon Inc
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10% – 12.5%
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20%
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7.5% - 12.5%
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14%
10% - 15%
15% - 20%
20% - 22.5%
20%
10% - 20%
15%
10% - 15%
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ETFS
Frank Cowan Company
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10% - 25%
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10% - 15%
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Guarantee Company*
ING Insurance *
Liberty International
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10% - 12.5%
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17%
20%
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10% - 12.5%
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20% - 25%
20%
15%
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Manitoba Blue Cross
Manitoba Public Ins.
Optimum Frontier *
Royal & SunAlliance*
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5% - 34%
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7.5% - 12.5%
10% - 12.5%
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20%
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7.5% - 12.5%
7.5% - 12.5%
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20%
15% - 20%
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SGI Canada *
Sovereign General *
St Paul Fire &Marine*
Travelers Guarantee *
TIC
Travel Guard
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10% - 25%
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15% - 20%
10% - 22.5%
12.5% - 22.5%
12.5% - 22.5%
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Zurich Canada *
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5% - 20%
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In addition to the Insurance Companies we represent under contract, Ranger Insurance will place risk with Specialty Markets when it is in our client’s best interest. In most cases, these specialty markets provide compensation at a lower rate than the Insurers we represent. In some cases, it may be necessary for us to charge a fee in lieu of, or where permissible, in addition to the commission payable under the insurance policy. In these cases we will disclose both the fee and any commission payable under the insurance policy.
In order for us to maintain strong relationships with quality insurers, we work with each to provide the type of business they desire. The insurers with an asterisk (*) recognize our efforts through a Contingent Commission contract. Payment of this Contingent Commission depends on a combination of profitability (loss ratio), and/or growth (usually over a number of years), and/or retention and/or increased services that we provide on behalf of the Insurer.
These contracts pay us a portion of profits earned by a given insurer, in relation to the profitability of our entire portfolio of business with that insurer. These arrangements financially encourage our brokerage to work with quality minded, loss avoidant clientele. In turn, our clients benefit from our ability to negotiate the most advantageous terms possible, based on our reputation of delivering consistently profitable portfolios of quality business to our insurer partners. For detailed information on Contingent Commission, please go to the individual company’s website.
Ranger Insurance shares common ownership with Royal & SunAlliance Insurance Company. In addition, we have a loan from, and a loan guaranteed by Royal & SunAlliance Insurance Company that was used to expand our business.