Power Broker

Name

Power Broker

Legal name

Zycomp Systems Limited

Website

https://power-broker.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Victoria

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing/Subscription: Power Broker generates revenue through software licensing fees. The system is sold as a broker management solution with flexible licensing ranging from single user to multi-branch installations. Pricing is quote-based, allowing customization based on brokerage size and requirements.
2. Professional Services: Data migration services, training, and technical support are provided as professional services. The company offers on-site and online training sessions through Teams.
3. Cloud/Hosted Services: Optional cloud/hosted services allow customers to offload technical management requirements. This represents an additional service revenue stream.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Power Broker is a Windows-based broker management system (BMS) for insurance brokerages that combines customer relationship management, policy lifecycle administration, integrated accounting, document management, and reporting in a single platform. The solution supports both personal and commercial lines broking, includes CSIO-compliant EDI for direct data exchange with insurance carriers, and is available as on-premise software or via cloud/hosted deployment.

Product overview

Power Broker is a unified broker management platform offering a full-cycle solution for insurance brokers in Canada and the Caribbean. The core Power Broker product (available in Version 4 and Version 5) encompasses Customer Management System (CRM), Policy Management System, integrated accounting, reporting, and document management as standard features. Optional add-on modules extend functionality to include Wholesale Broker Office, Premium Financing, WAN Accounting for multi-branch operations, CSIO EDI Compliance, and Declaration Pages. The product also supports hosted/cloud deployment options. Third-party integrations extend capabilities into rating (CompuQuote, Applied Systems), consumer portals (ClientDesk, Pathway), marketing automation (Agency Revolution), email (Microsoft Outlook), and signature capture (Topaz). Data migration services assist brokers transitioning from competitor systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Broker Full-cycle insurance broker management system providing end-to-end customer relationship management, policy management, accounting, reporting, and document management capabilities for insurance brokerages. Available in versions 4 and 5, supporting brokerages from single-user installations to large multi-branch operations.
• Power Broker Version 4 Legacy generation broker management system supporting Windows XP through Windows 10, with full Microsoft Office integration, EDI capabilities, and third-party integrations.
• Power Broker Version 5 Current generation broker management system supporting Windows 10/11, Microsoft Office 2007 through 365, with enhanced architecture, improved cloud/hosted deployment options, and CSIO compliance modules.
• Hosted Cloud Solutions for Power Broker 5 Cloud-hosted deployment option for Power Broker 5, allowing brokerages to access the system via the internet without on-premises server infrastructure. Optional managed service for customers preferring to offload technical management requirements.
• Data Migration Services Professional services for migrating data from competitor and legacy broker management systems to Power Broker, including both competitor BMS solutions and custom system migrations, performed with limited disruption to customer business operations.

Quantifiable outcome

• 30% market share in Canadian broker market
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• Zycomp Systems LimitedcoreOthers · 1 August 2019Zycomp Systems Limited was originally founded in 1987. In 1992, Zycomp created Power Broker to address the need for comprehensive insurance broker management solutions. In May 2019, Zycomp was acquired by Acturis Group. Zycomp's founders including Steve Zylak (CEO) and David McDonald have committed to continue developing Power Broker.
• Acturis GroupcoreStrategic or Co-development Partner · 1 May 2019In May 2019, Acturis Group acquired Zycomp Systems Limited, the parent company of Power Broker. This acquisition gave Acturis significant presence in Canada and the Caribbean insurance broker software market. Zycomp's founders and key management continue with ongoing involvement. The combination provides brokers with continued Power Broker platform support and development, plus access to the Acturis SaaS platform for future migration.
• CSIO (Centre for Study of Insurance Operations)coreTechnology or IntegrationCSIO is the insurance industry standards body. Power Broker fully adheres to CSIO standards for EDI compliance, supporting insurance company policy upload/download, eDocs, and My Proof of Insurance eDelivery. CSIO EDI compliance was first completed in June 1995.
• My Proof of Insurance (CSIO)coreTechnology or IntegrationCSIO My Proof of Insurance eDelivery certification achieved in February 2018, enabling digital auto liability cards (eSlips) and policy documents to be sent to customers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Applied Systems: Applied Systems is the largest North American insurance broker management software provider, offering Applied Epic and related BMS products to brokerages of all sizes. It serves the same customer segment as Power Broker (insurance brokerages) with broadly overlapping functionality across policy administration, accounting, and CRM.
• Vertafore: Vertafore is a major US-based insurance software vendor offering agency management systems (e.g., Sagitta, AMS360), rating, and content solutions. It directly competes with Power Broker in providing end-to-end broker management technology to insurance agencies.
• HawkSoft: HawkSoft is a US-based insurance agency management system comparable in scale and philosophy to Power Broker, serving independent agents and small-to-mid-sized agencies. It competes for the same small/mid-sized broker management segment with similar workflow-oriented product positioning.
• NowCerts: NowCerts is a cloud-native insurance agency management platform competing for the same small/mid-sized broker segment as Power Broker. Its modern browser-based architecture contrasts with Power Broker's Windows desktop legacy and represents the next-generation alternative for brokerages seeking cloud-first technology.
• EZLynx: EZLynx is an Applied Systems subsidiary offering comparative rating, client-facing portals, and agency automation for insurance brokers. It overlaps with Power Broker's CompuQuote/Applied Rating and ClientDesk consumer portal functionality and competes for tool-of-record status within brokerages.
• AgencyBloc: AgencyBloc is an insurance agency management and CRM platform comparable to Power Broker in targeting smaller to mid-sized agencies. It competes in the same horizontal broker workflow space with policy administration, accounting, and reporting features overlapping Power Broker's offering.

Emerging players

• InsurGrid: InsurGrid is an emerging cloud-based insurance broker technology platform focused on download-to-bind automation and client experience. It targets modern, cloud-forward brokerages and represents the emerging disruptive cohort competing with Power Broker's legacy architecture.
• Tarmika: Tarmika is an emerging insurance comparative rating and workflow platform serving small agencies. It focuses on commercial lines quoting flows adjacent to Power Broker's policy administration workflow and is increasingly embedded as part of broader broker stacks.

Broad incumbents

• Acturis Group: Acturis Group is Power Broker's parent company and a UK-headquartered broader insurance technology platform serving brokers across 40+ countries. It is included as a peer because it operates an overlapping insurance broker platform with much broader geographic and product scope than Power Broker's Canadian business.

Others

• Sapiens International: Sapiens is a broader insurance software vendor offering P&C, life, and reinsurance systems to carriers and brokers globally. It is included as an adjacent technology provider relevant to Power Broker's ecosystem rather than a direct BMS competitor at the brokerage level.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zycomp-systems

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Power Broker