What Oracle RMS does

Oracle RMS (legal name: Oracle Insurance Risk Management Services Inc.) is a privately held, multi-line independent insurance brokerage headquartered at 100 Drumlin Circle, Suite 101, Concord, Ontario, serving customers across Canada with primary concentration in the Greater Toronto Area and Ontario. Founded in 2016, the firm operates 8 agency locations with 251-500 employees and manages an active book of 10,000+ insurance policies for 15,000+ customers through licensed insurance brokers. The company holds carrier appointments with tier-1 Canadian insurers including Aviva, Intact, Chubb, Wawanesa, CAA, Zurich, and Northbridge, and operates a related sub-brand called Oracle RMS Plus.

The brokerage distributes a broad product catalog across personal lines (auto, home, condo, cottage, tenant, landlord, motorcycle, boat, life, health & dental, travel, umbrella, leisure vehicle, manufactured home, ride/car/home sharing) and commercial lines (general business, contractors & construction, manufacturers, landscaping, snow removal, bus, pool & spa, cyber, directors and officers, professional liability, bonding, snowmobile clubs, specialty programs for passenger transport, religious institutions, yoga, and phlebotomy). The underlying technology stack consists of a website with digital quote request functionality and a third-party customer service portal built on Acturis; no proprietary AI/ML or claims automation platform is disclosed. The firm earns commission-based revenue on each policy placed across its carrier panel, with pricing quote-based and not publicly disclosed.

In July 2025, Oracle RMS received a minority strategic investment from US-based private equity firm Abry Partners, with proceeds earmarked for branch and producer network expansion across Ontario and nationally, alongside an M&A-driven rollup strategy. The firm has been recognized as a Top Brokerage by Insurance Business Magazine in 2016, 2017, 2018, and 2019, and received a CSIO Tech Leader Award in 2017. Distribution runs through a sales-led motion combining in-person consultations at the Concord office, phone-based call center (1-855-884-6150), website quote requests, and 24/7 claims support (1-866-CLAIM-20), supported by content marketing via the Oracle RMS blog.

Name

Oracle RMS

Legal name

Oracle Insurance Risk Management Services Inc.

Website

https://oraclerms.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

Oracle RMS is a privately held Canadian independent insurance brokerage headquartered in Concord, Ontario, distributing personal, commercial, life, and group insurance products through 8 agency locations and licensed brokers across multiple carrier partners.

Ownership category

akta.pro rank

Headquarters

HQ city

Vaughan

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance brokerage commissions: Oracle RMS generates revenue through commissions paid by insurance carriers for policies sold. As an independent brokerage, they represent multiple insurance companies and earn commission-based compensation on each policy placed.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Oracle RMS is a Canadian insurance brokerage based in Vaughan/Concord, Ontario that provides personal, commercial, specialty, group, life, and travel insurance products. The firm acts as an independent broker representing multiple Canadian and global carriers including Aviva, Intact, Chubb, Wawanesa, CAA, Zurich, and Northbridge to match clients with coverage across home, auto, business, and life lines.

Product overview

Oracle RMS is a Canadian independent insurance brokerage based in Ontario that operates as a multi-product insurance broker rather than a unified software platform. The company offers a comprehensive portfolio of personal insurance products (automobile, home, condo, cottage, boat, motorcycle, travel, life, health & dental, tenants, landlord protection, umbrella) and commercial insurance products (business, contractors, manufacturers, landscaping, cyber, D&O, professional liability, bonding, bus, snowmobile clubs, pool & spa). The company also provides group benefits and specialty programs for specific industries. Oracle RMS differentiates itself by customizing policies through partnerships with multiple insurance carriers including Aviva, Intact, Chubb, Wawanesa, CAA, Zurich, and others, enabling tailored coverage matching exact customer needs without generic one-size-fits-all policies.

Differentiator

Problem solved

Functional benefit

Brands

• Oracle RMS Plus: A related brand/portal operated by Oracle RMS, accessible at oraclermsplus.com

Products and services

• Personal Insurance
• Business Insurance
• Specialty Insurance
• Group Insurance
• Life Insurance
• Travel Insurance

Quantifiable outcome

• 10,000+ insurance policies managed
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• AvivacoreChannel Partner/ Reseller/ DistributorAviva is one of the insurance carriers represented by Oracle RMS, providing personal and commercial insurance products through the brokerage.
• IntactcoreChannel Partner/ Reseller/ DistributorIntact is a major insurance carrier partner providing coverage options through Oracle RMS brokerage services.
• ChubbcoreChannel Partner/ Reseller/ DistributorChubb is an insurance carrier partner offering commercial and specialty insurance products via Oracle RMS.
• WawanesacoreChannel Partner/ Reseller/ DistributorWawanesa is an insurance carrier partner providing coverage through the Oracle RMS brokerage network.
• CAAcoreChannel Partner/ Reseller/ DistributorCAA is an insurance partner offering membership-based insurance products through Oracle RMS.
• NorthbridgecoreChannel Partner/ Reseller/ DistributorNorthbridge is a commercial insurance carrier partner available through Oracle RMS.
• ZurichcoreChannel Partner/ Reseller/ DistributorZurich is an international insurance carrier providing specialty coverage options through Oracle RMS.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BrokerLink: One of Canada's largest independent insurance brokerages, offering personal and commercial lines across multiple provinces. Directly comparable to Oracle RMS in customer base (SMB and personal), multi-carrier model, and broker-led distribution, but significantly larger in scale.
• Westland Insurance: Canadian personal and commercial insurance broker with extensive branch network across Western and Eastern Canada. Comparable multi-carrier, multi-line brokerage model with PE backing history, making it a strong analog for Oracle RMS's growth trajectory.

Broad incumbents

• Hub International: Global insurance brokerage with substantial Canadian operations. Competes with Oracle RMS in commercial and personal lines, particularly for mid-market accounts, while serving as a broader incumbent with wider product capabilities.
• Arthur J. Gallagher & Co. Major global insurance brokerage and risk management firm with Canadian operations. Overlaps with Oracle RMS in commercial and specialty lines, particularly for mid-market and complex commercial accounts.
• Marsh Canada: Global insurance broker and risk advisor with a Canadian footprint. Competes in commercial lines and risk management, particularly for larger mid-market and enterprise accounts; broader portfolio than Oracle RMS.
• Aon Canada: Global professional services firm with Canadian insurance brokerage operations. Overlaps with Oracle RMS in commercial insurance placement and specialty lines, while offering much broader advisory capabilities.

Regional players

• Jones DesLauriers Insurance: Ontario-based independent insurance brokerage with similar product breadth (commercial, personal, specialty). Comparable regional scale and customer profile, making it a close Ontario peer to Oracle RMS.
• McFarlan Rowlands Insurance Brokers: Mid-sized Ontario-based independent brokerage offering personal, commercial, and specialty insurance. Similar size profile and broker-led multi-carrier model, making it a relevant comparable for Oracle RMS.
• Binks Insurance Brokers: Ontario-based independent insurance brokerage serving personal and commercial customers with multi-carrier access. Comparable regional independent brokerage model and target customer base to Oracle RMS.

Emerging players

• Mitch Insurance: Canadian digital-first insurance broker offering personal lines through a mobile-first platform. While currently focused on personal lines, it represents the emerging digital broker category that competes with Oracle RMS for digitally-native customers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/oraclerms
• Facebookfacebook.com/OracleRMS
• LinkedInlinkedin.com/company/oracle-rms-insurance-risk-management-services-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oracle RMS