Insight Risk Services Ltd.

What Insight Risk Services Ltd. does

Insight Risk Services Ltd. is a privately held Canadian risk consulting firm headquartered in Winnipeg, Manitoba, founded in 2011 by President Kevin Gibson. The company specializes in on-site risk surveys and field inspections of commercial, farm, and personal line properties for the Canadian property and casualty insurance industry. Services are delivered by a network of Risk Consultants deployed across Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia, with coverage extending to all Canadian provinces and territories including rural and remote areas. The firm operates as a white-label vendor, providing customizable reports in tamper-proof PDF format or integrated into client internal platforms such as LC360 or RCT.

The company's core product portfolio includes risk surveys and field inspections with detailed written reports, building replacement cost estimates using Core Logic Commercial Express & RCT, photo and video essay documentation, specialized hazard surveys (thermal imaging, wood heat inspection, fire group mapping), and subscription-based risk control services shared across multiple insurers on pro-rata terms. The firm serves four primary customer segments: insurance companies, insurance brokers, Managing General Agents (MGAs), and commercial clients including corporations and government entities. The technology stack is deliberately low-tech and process-oriented, emphasizing human investigative expertise — including team members with law enforcement and professional investigation backgrounds — combined with rigorous internal quality control and customizable reporting.

The business model is professional services B2B with quote-based engagement, no publicly disclosed pricing, and revenue generated primarily on a per-engagement basis alongside a subscription risk control service for shared insurance policies. The company is PIPEDA-compliant, founder-owned, and operates with 1-10 employees. Marketing is conducted almost exclusively through direct B2B sales and industry referrals within the Canadian insurance sector, with no digital marketing, social media presence, or content marketing strategy evident in the source material.

Name

Insight Risk Services Ltd.

Legal name

Insight Risk Services Ltd.

Website

https://insightrisk.ca

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Insight Risk Services Ltd. is a Winnipeg-based Canadian risk consulting firm founded in 2011 that provides on-site property risk surveys and field inspections to insurance companies, brokers, MGAs, and commercial clients across all Canadian provinces and territories.

Ownership category

akta.pro rank

Product category

Risk Consulting Services

NAICS

Building Inspection Services (541350), Building Inspection Services (54135), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Enterprise Risk Management (ERM) Advisory (BPAHAFAA)

Keywords

• Risk consulting services
• Property inspections
• Insurance underwriting support
• Loss prevention surveys
• Commercial risk assessment

Headquarters

HQ city

Winnipeg

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Risk Consulting Services: Professional risk consulting services including risk surveys, field inspections, and detailed reports for commercial, farm, and personal line properties. Services provided to insurance companies, brokers, MGAs, and commercial clients on a per-engagement basis.
2. Subscription Risk Control Services: Risk control services for insurers on a subscription policy where report copies are provided to all insurers on the subscription and costs are divided pro-rata among participating insurers.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Insight Risk Services provides risk surveys and field inspections of commercial, farm, and personal line properties for the Canadian property and casualty insurance industry. The firm identifies hazards and provides actionable reports and recommendations to prevent or minimize insurable loss. Services are delivered on a white-label basis to insurance companies, brokers, Managing General Agents, and commercial clients across Canada.

Product overview

Insight Risk Services Ltd. is a risk consulting firm serving the Canadian property and casualty insurance industry. The company offers a unified service portfolio centered on risk surveys and field inspections for commercial, farm, and personal line properties. The core offerings include Risk Surveys and Inspections with detailed reports, Building Replacement Cost Estimates (using Core Logic Commercial Express & RCT), Photo and Video Essay Documentation, Specialized Hazard Surveys (including thermal imaging, wood heat inspection, and fire group mapping), and Risk Control Services for subscription policies. All services are delivered through a network of Risk Consultants based across Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia, with reporting available through the company's own customized platforms or client internal systems such as LC360 or RCT.

Differentiator

Problem solved

Functional benefit

Products and services

• Risk Surveys and Inspections Core service providing risk surveys and field inspections of commercial, farm, and personal line properties to identify hazards and prevent or minimize insurable loss. Includes detailed written reports with observations and recommendations for insurance companies, brokers, MGAs, and commercial clients in Canada.
• Building Replacement Cost Estimates Building replacement cost estimates using Core Logic Commercial Express & RCT to help determine appropriate insurance coverage levels for commercial properties. Intended to complement, not replace, a professional appraisal.
• Photo and Video Essay Documentation Interior and/or exterior photo essays and video essays providing visual documentation of surveyed physical locations to support underwriting decisions and risk assessment.
• Specialized Hazard Surveys Customized special hazard surveys including thermal imaging technology, wood heat inspection, fire group mapping, and other tailored assessments designed to meet unique client needs.
• Risk Control Services for Subscription Policies Risk control services for insurers on subscription policies, where report copies are provided to all insurers on the subscription and costs are divided pro-rata among participating insurers.
• Customized Management Summary Reports High-level management summary reports customized to stakeholder needs, with immediate direct consultation with underwriting departments when high-risk situations are identified. Designed to deliver actionable risk intelligence for decision making.

Quantifiable outcome

• Reduced insurance claims leading to lower and more stable insurance premiums over time
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Scale indicators2 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Crawford & Company: Crawford & Company offers loss adjustment and risk consulting services in Canada, with a focus on property risk surveys and field inspections for insurance clients—a direct competitor in the Canadian P&C risk consulting market.
• Sedgwick: Sedgwick provides loss control, risk consulting, and field inspection services to the P&C insurance industry in Canada, directly comparable to Insight Risk's risk survey and field inspection model for insurance carriers and brokers.

Broad incumbents

• AXA XL Risk Consulting: AXA XL operates a global risk consulting and loss prevention engineering practice that conducts property risk surveys for insurers and large commercial accounts—directly comparable in service type but operating at much greater scale as part of a global insurer.
• Aon Risk Solutions: Aon's risk consulting practice provides property risk assessments and loss control advisory to insurers and large accounts across Canada, overlapping with Insight Risk's white-label field inspection model but as part of a much larger global brokerage.
• Zurich Risk Engineering: Zurich Insurance's in-house risk engineering team conducts property risk surveys and loss prevention services globally, including in Canada, representing an in-house alternative to Insight Risk's outsourced risk consulting offering.
• Marsh Risk Consulting: Marsh Canada offers risk consulting and risk engineering services within its global brokerage platform, providing property risk surveys for insurance carriers and large commercial clients—directly overlapping with Insight Risk's core offering, but at much greater scale and global reach.

Emerging players

• Jensen Hughes: Jensen Hughes provides specialized fire protection and risk engineering consulting, including property hazard assessments and thermal/fire group analysis—comparable to Insight Risk's specialized hazard surveys and fire group mapping capabilities.

Regional players

• Aviva Risk Management Services: Aviva Canada operates a risk management and loss prevention function that conducts property risk surveys for commercial clients in Canada, overlapping with Insight Risk's inspection services but typically in-sourced rather than offered to third-party carriers.
• BFL Canada Risk & Insurance Services: BFL Canada is a Canadian-focused insurance brokerage that coordinates risk consulting services for specialized and commercial accounts in Canada, comparable to Insight Risk's role as a partner to brokers and MGAs in the Canadian P&C market.
• Intact Public Entities / Intact Risk Solutions: Intact Financial Corporation, Canada's largest P&C insurer, operates risk engineering and loss control functions in Canada that are directly comparable to Insight Risk's service portfolio and target the same Canadian insurance customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/insight-risk-services-ltd-

Compliance1 record

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 Insight Risk Services Ltd.