Coreservice Insurance Brokers
Coreservice Insurance Brokers Inc. is an Ontario-based independent insurance brokerage serving individual and small-business clients with multi-line personal, commercial, life, travel, and group-benefit coverage sourced from 13+ carriers, with bilingual English-Korean service targeting the GTA's Korean-Canadian community.
- Company typePrivate
- Founded2010
- HeadquartersNorth York, Canada
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Coreservice Insurance Brokers does
Coreservice Insurance Brokers Inc. is an Ontario-licensed independent insurance brokerage founded in 2010 and headquartered at 5140 Yonge Street in North York, with a second branch in London, Ontario. Operating as a multi-line broker, the company places personal and commercial coverage (auto, home/condo/tenant, business, travel, life, critical illness, mortgage) and also distributes wealth and group-benefit products (RRSP, group benefit plans) on behalf of retail and SMB clients. The brokerage represents more than a dozen Ontario carriers including Aviva, Intact, Economical, Pembridge, Unica, SGI Canada, Coachman, Gore Mutual, RSA, Echelon, Travelers, Tugo, and CAA, earning transaction-based commissions of 5%-20% of premium placed plus contingent profit commissions tied to loss ratio, volume, and retention. A defining operational feature is bilingual English-Korean service delivery, including Korean-language web pages, blog content, and a Korean site-feedback channel, which targets the Korean-Canadian community across the GTA. Underlying technology is the standard independent-brokerage stack (Compu-quote for rating and a brokerage management system for policy and renewal administration); no proprietary or AI-enabled technology was disclosed.
On 3 December 2025, Coreservice was acquired by SIB Corp. — a Canadian brokerage consolidator operating 150+ offices and managing $1.2B-$1.5B in gross written premium — as a bolt-on expanding SIB's Greater Toronto Area footprint. Concurrent with the transaction, CIVC Partners, a Chicago-based private equity firm (founded 1970), invested in the business. Coreservice's leadership (Kevin Choi and Halim Lee) remained under transition arrangements to preserve client and staff continuity. The company is RIBO- and IBAO-registered and PIPEDA-compliant, and operates as a sub-scale personal-and-commercial-lines broker within a fragmented Ontario independent-broker market where competitive moats are limited to carrier breadth and language-specific community access.
Coreservice Insurance Brokers firmographics
Firmographics- Name
- Coreservice Insurance Brokers
- Legal name
- CoreService Insurance Brokers Inc.
- Website
- https://csinsurance.ca
- Company type
- Private
- Founded year
- 2010
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Coreservice Insurance Brokers Inc. is an Ontario-based independent insurance brokerage serving individual and small-business clients with multi-line personal, commercial, life, travel, and group-benefit coverage sourced from 13+ carriers, with bilingual English-Korean service targeting the GTA's Korean-Canadian community.
- Ownership category
- akta.pro rank
Coreservice Insurance Brokers industry classification
Industry- Product category
- Insurance Brokerage
- NAICS
- Insurance Agencies and Brokerages (52421)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Retail (Personal Lines) Insurance Brokerage (FSAEADAA)
Keywords
Where Coreservice Insurance Brokers is headquartered
LocationHeadquarters
- HQ city
- North York
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Coreservice Insurance Brokers business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Insurance Commission: Coreservice earns commission from insurance company partners for placing new and renewal business. Commission range is 5%-20% of overall premium, varying by insurance company and class of coverage. The commission is part of the premium paid by the customer.
- Contingent Profit Commission: Contingent Profit Commission agreement with some partners, recognizing the company's efforts to place desired business. Payment depends on growth, profitability (loss ratio), volume, retention, and increased services provided to each insurance company.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Commission-based pricing included in premium |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Coreservice Insurance Brokers product offering
Product offeringCore offering
Coreservice Insurance Brokers is an independent Ontario-based insurance brokerage that represents multiple Canadian insurance carriers to provide personal and commercial insurance products. The company places coverage across auto, home/condo/tenant property, business/commercial auto, travel, life, critical illness, mortgage insurance, group benefit plans, and RRSPs, earning commissions from carrier partners on each policy placed. It also provides quote services, claims filing assistance, and premium payment processing.
Product overview
CoreService Insurance Brokers Inc. is an independent insurance brokerage operating in Ontario, Canada. The company offers a comprehensive portfolio of insurance products through multiple channels including auto, property (home, condo, tenant), business/commercial, travel, life, critical illness, mortgage, and group benefit insurance. As an independent broker, the company represents multiple insurance carriers and provides claims assistance, quote services, and payment processing. The company also offers RRSP registered retirement savings plans as part of wealth management services. The company was acquired by SIB Corp. in December 2025 as part of SIB's expansion in the Greater Toronto Area.
Differentiator
Problem solved
Functional benefit
Products and services
- Auto Insurance Auto insurance coverage required by Ontario law for all drivers, with multiple coverage options to suit different risk profiles including high-risk drivers. Placed through Coreservice's network of partner carriers.
- Home, Condo, and Tenant Insurance Property insurance for homeowners, condo unit owners, and tenants in Ontario, covering buildings, personal contents, and personal liability.
- Business and Commercial Auto Insurance Commercial insurance for Ontario businesses covering property, business interruption, identity theft, liability, and commercial vehicles used for business operations.
- Travel Insurance Travel insurance offering medical coverage and protection against trip misfortunes including illness, injury, trip delay or cancellation, and lost baggage. Provided through partners including Tugo and CAA.
- Life Insurance Life insurance products including term life, permanent life, and no-medical / simplified issue policies for individuals with health concerns. Provides tax-free death benefits to protect families and dependents.
- Critical Illness Insurance Critical illness insurance providing lump-sum cash payments upon diagnosis of listed life-threatening illnesses such as cancer, stroke, or heart disease.
- Mortgage Insurance Term life insurance protection designed to cover homeowners' families and homes in the event of death, offering more flexibility than bank creditor insurance.
- RRSP (Registered Retirement Savings Plan) Tax-deferred retirement savings plan registered with the Canada Revenue Agency, providing contribution tax deductions and tax-advantaged investment compounding for retirement planning.
- Group Benefit Plan Employee group benefit plans covering life insurance, AD&D, prescription drugs, vision care, dental care, and travel insurance, with coverage extendable to employees' family members and dependents.
Companies that use Coreservice Insurance Brokers
Customer profileSegments4 records
Ideal customer profiles3 records
Coreservice Insurance Brokers technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Coreservice Insurance Brokers partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core.
- AvivacoreAviva is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-886-692-8482.
- IntactcoreIntact is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-886-464-2424.
- EconomicalcoreEconomical is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-800-607-2424.
- PembridgecorePembridge is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-800-387-0462.
- UnicacoreUnica is one of the insurance company partners represented by Coreservice.
- SGI CanadacoreSGI Canada is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-877-844-8460.
- CoachmancoreCoachman is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-800-361-2622.
- Gore MutualcoreGore Mutual is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-800-265-8600.
- RSAcoreRSA is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-800-319-9993.
- EcheloncoreEchelon is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-866-252-2854.
- TravelerscoreTravelers is one of the insurance company partners represented by Coreservice. After-hours claims hotline: 1-800-661-5522.
- TugocoreTugo is a travel insurance partner represented by Coreservice Insurance Brokers.
- CAAcoreCAA is a travel insurance partner represented by Coreservice Insurance Brokers.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Coreservice Insurance Brokers competitors and assessment
Company assessmentDirect peers
- Billyard Insurance Group: Ontario-headquartered independent insurance brokerage franchise network offering personal and commercial lines across multiple carriers. Closely comparable multi-carrier retail brokerage model with strong Ontario presence.
- BrokerLink: One of Canada's largest independent insurance brokerages with multi-province retail branches, representing multiple carriers and serving personal and commercial lines — directly comparable business model and customer base to Coreservice, only at significantly greater scale.
- All-Risks Insurance Brokers: Independent Canadian brokerage offering personal, commercial and specialty lines through multiple carrier partners with Ontario branch locations. Directly comparable multi-carrier independent brokerage model.
- KRG Insurance Brokers: Ontario-based independent insurance brokerage serving personal and commercial clients via multi-carrier placement. Comparable scope and customer profile with similar independent broker positioning in Ontario.
Emerging players
- Surex Direct: Canadian online insurance brokerage offering multi-carrier quotes across personal lines. Comparable multi-carrier placement model but delivered through a digital-first channel that competes for the same Ontario personal lines customers.
- Kanetix: Canadian online insurance comparison marketplace connecting consumers to brokers and carriers. Not a direct broker, but a meaningful channel competitor for Ontario personal lines quote flow that Coreservice also relies on.
Regional players
- Western Financial Group: Western Canada-focused insurance brokerage network offering personal and commercial lines through multiple carriers. Comparable independent brokerage business model, though concentrated in Western Canada rather than competing head-to-head in Ontario.
Broad incumbents
- Hub International: Large North American insurance brokerage with significant Canadian operations covering personal, commercial and specialty lines. Comparable multi-carrier brokerage offering but operating as a much larger incumbent with broader portfolio.
- RBC Insurance: Bank-owned insurance distributor in Canada offering auto, home, life and travel products through direct and broker channels. Comparable personal lines product breadth, but competes via bank-affiliated direct distribution rather than independent brokerage.
- Intact Public Entities / Intact Financial: Canada's largest P&C insurer, also one of Coreservice's carrier partners. While primarily an underwriter rather than a broker, Intact is a relevant comparable for Ontario P&C distribution economics and competitive context.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Coreservice Insurance Brokers social profiles
Digital presenceCoreservice Insurance Brokers compliance and trust
Trust signalCompliance3 records
Coreservice Insurance Brokers financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coreservice Insurance Brokers leadership team
Management profileNumber of profiles
Profiles2 records
Coreservice Insurance Brokers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coreservice Insurance Brokers M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coreservice Insurance Brokers
What does Coreservice Insurance Brokers do?
Coreservice Insurance Brokers is an independent Ontario-based insurance brokerage that represents multiple Canadian insurance carriers to provide personal and commercial insurance products. The company places coverage across auto, home/condo/tenant property, business/commercial auto, travel, life, critical illness, mortgage insurance, group benefit plans, and RRSPs, earning commissions from carrier partners on each policy placed. It also provides quote services, claims filing assistance, and premium payment processing.
Is Coreservice Insurance Brokers a public or private company?
Coreservice Insurance Brokers is a private company. It is classified as corporate owned and is currently acquired.
When was Coreservice Insurance Brokers founded?
Coreservice Insurance Brokers was founded in 2010. It employs 11 to 50 people.
Where is Coreservice Insurance Brokers based?
Coreservice Insurance Brokers is headquartered in North York, Canada, in the North America region.
How does Coreservice Insurance Brokers make money?
Two revenue lines are on record. Insurance Commission is the primary driver. The others are contingent Profit Commission.
Who are Coreservice Insurance Brokers's main competitors?
Direct peers on record are Billyard Insurance Group, BrokerLink, All-Risks Insurance Brokers and KRG Insurance Brokers. Emerging players are Surex Direct and Kanetix. Western Financial Group is listed as a regional player. Broad incumbents are Hub International, RBC Insurance and Intact Public Entities / Intact Financial.
Does Coreservice Insurance Brokers have an API?
No public API is recorded for Coreservice Insurance Brokers.
What industry is Coreservice Insurance Brokers in?
Coreservice Insurance Brokers's product category is Insurance Brokerage. Its primary akta.pro industry code is FSAEADAA, Retail (Personal Lines) Insurance Brokerage. Its NAICS code is 52421 and its SIC code is 6411.