InspekTech
InspekTech is a Canadian insurance appraisal and risk assessment firm providing site-verified Insurance Replacement Value appraisals and risk reports for residential, commercial, strata, and lender clients across British Columbia and Western Canada.
- Company typePrivate
- Founded2002
- HeadquartersSurrey, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What InspekTech does
InspekTech Consulting is a privately held Canadian insurance appraisal and risk assessment firm founded in 2002 and headquartered in Surrey, British Columbia. The company provides site-verified Insurance Replacement Value (ITV) appraisals and risk assessments for Residential, Commercial, and Strata/Property Management clients across British Columbia and Western Canada, with selective national coverage. Core products include ITV Capture™ (residential flagship), Total Value Appraisal (TVA™) for commercial/strata, RAR™ for lenders, ReCalc™ update services, and add-on modules including Site Conditions Report™, Woodstove Supplement (WSS™), TOR™ for outbuildings, TRC™ risk assessments, and TIA™ inventory counts.
The underlying technology stack is a proprietary platform comprising the InspekTech Management System (iMS) client portal for ordering and report distribution, the InspekField™ mobile application for field data and photo capture, and the ReCalc™ engine for updating replacement values without site revisits. Replacement cost calculations rely on a strategic data partnership with CoreLogic (Cotality) — RCT Express for residential and Commercial Express for commercial/strata — while market comparables for the RAR lender product come from Landcor. The firm operates under the proprietary CASTLE Service™ framework (Communication, Accuracy, Structure, Timeliness, Local/Distance reach, Extension of client) and reports a 0.28% error rate versus a 5% industry normal across more than 35,000 ITV assignments.
The business model is professional-services / transaction-based: revenue is generated per appraisal file delivered, with quote-based pricing across Residential, Commercial, and Strata engagements. ReCalc™ updates and bundled inspection services create recurring touchpoints within a 3-year appraisal cycle, functioning as a soft subscription layer. Customer segments include personal-lines and commercial-lines insurance carriers (Direct Writers and brokers), strata corporations and property managers, credit unions and lenders, and individual homeowners. Distribution is primarily direct via the iMS portal, supported by referral-based enterprise sales into insurance head offices and branch networks. InspekTech is bootstrapped, owner-operated by President Howie Jones (since 2010), and operates without external venture or private equity capital.
InspekTech firmographics
Firmographics- Name
- InspekTech
- Legal name
- InspekTech Consulting
- Website
- https://inspektech.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- InspekTech is a Canadian insurance appraisal and risk assessment firm providing site-verified Insurance Replacement Value appraisals and risk reports for residential, commercial, strata, and lender clients across British Columbia and Western Canada.
- Ownership category
- akta.pro rank
InspekTech industry classification
Industry- Product category
- Insurance Appraisal and Risk Assessment Services
- NAICS
- Other Insurance Related Activities (52429)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)
- akta.pro secondary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
Keywords
Where InspekTech is headquartered
LocationHeadquarters
- HQ city
- Surrey
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
InspekTech business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Insurance Replacement Value Appraisals: One-time fee per appraisal report for Residential (ITV Capture™), Commercial (TVA™), or Strata properties. Includes site visit and certified replacement value report. Follow-on ReCalc™ updates provided within the 3-year appraisal cycle. Revenue is transaction-based, billed per file delivered.
- Risk Assessment Services: Business/operational risk assessment inspections (TRC™) for commercial properties, billed per inspection. Can be ordered as standalone or bundled with appraisal reports. Includes COPE (Construction, Occupancy, Protection, Exposure) analysis.
- ReCalc™ Annual Updates: Replacement cost re-calculation updates using updated CoreLogic component data. Complimentary within appraisal cycle for existing TVA™ clients. Standalone updates available for prior appraisal clients. Typically 5-7 business day turnaround.
- RAR™ for Lenders: Rapid Appraisal Report for credit unions and lenders, featuring 2-3 day turnaround for exterior photo documentation with Landcor market comps. 6-hour and 24-hour rush options available. Billed per report.
- Total Inventory Assessment (TIA)™: On-site commercial inventory count service, billed per inspection. Can be conducted alongside a replacement cost appraisal or as a standalone service. Rate reduction applies when bundled with an existing on-site appraisal.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Pay-as-you-go | Residential QA Specialist — remote part-time, $35 per file reviewed ($35-$70/hr equivalent) |
| Subscription | Pay-as-you-go | Commercial QA Specialist — remote part-time, $60/hr or higher |
| Outcome Based/ Performance | Pay-as-you-go | Commercial Appraiser (Independent Contractor) — $50-$125/hr fixed file metric |
| Outcome Based/ Performance | Pay-as-you-go | Residential Field Inspector — $30-$45/hr fixed per file metric |
| Other | Pay-as-you-go | Insurance Appraisal Reports — quote-based pricing per file |
| Other | Pay-as-you-go | RAR™ for Lenders — tiered by turnaround speed |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
InspekTech product offering
Product offeringCore offering
InspekTech provides Insurance Replacement Value appraisals and risk assessment services for residential, commercial, and strata properties. The firm combines on-site data capture with proprietary calculation methodologies to deliver insured value reports, risk reports, and site condition assessments used by insurance underwriters, strata councils, lenders, and property managers.
Product overview
InspekTech offers a unified insurance appraisal and risk assessment platform serving Residential, Commercial, and Strata/Property Management segments across British Columbia and Western Canada. The core offering consists of ITV Capture™ (residential flagship), RAR™ (lender-focused rapid appraisals), and TVA™ (commercial/strata total value appraisals), all supported by follow-on ReCalc™ update services. Add-on modules include Site Conditions Report™, Woodstove Supplement (WSS)™, TOR™ for outbuildings, TRC™ for risk assessments, and TIA™ for inventory counts. The company delivers via a proprietary CASTLE Service model through secure online portals (InspekField™ and iMS internally) and integrates CoreLogic® data for replacement cost calculations and Landcor® for market comparables.
Differentiator
Problem solved
Functional benefit
Products and services
- ITV Capture™
Quantifiable outcome
- 0.28% per 100 Replacement Cost known error rate — well below the 5% acceptable industry variance (AIC/Appraisal Institute of Canada standard)
- +6 more outcomes
Companies that use InspekTech
Customer profileNamed customers15 records
Segments5 records
Ideal customer profiles3 records
InspekTech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature11 records
InspekTech partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- CoreLogic® (Cotality®)coreStrategic data partnership with CoreLogic (Cotality) providing industry-leading insurance replacement cost calculation data. InspekTech uses CoreLogic's RCT Express® for Residential replacement value calculations and Commercial Express™ for Commercial and Strata assignments. CoreLogic data is integrated into proprietary ITV analysis and reporting workflows. This partnership is foundational to InspekTech's appraisal accuracy and is referenced across all major product lines including ITV Capture, ReCalc, TVA, and Strata services.
- Landcor®coreData partnership with Landcor for market comparables data used in the Rapid Appraisal Report (RAR) for lenders and credit unions. Landcor provides industry-leading real estate market comps data combined with InspekTech's on-site photo documentation to dramatically increase AVM accuracy and reduce the need for costly full appraisals.
- TGL CPAminorBookkeeping and accounting services partner listed in the Alliance Partners section of the InspekTech team page. Provides financial administration support to InspekTech operations.
- Appraisal Institute of Canada (AIC)minorProfessional appraisal body whose Uniform Standards of Professional Appraisal Practice (CUSPAP) InspekTech adheres to. Reports are aligned with AIC standards and CPPAO-accredited appraisers. AIC-listed real estate appraisers are recommended for real estate market appraisal referrals when clients need market value vs. replacement cost.
Scale indicators12 records
Recent moves6 records
Expansion highlights5 records
InspekTech competitors and assessment
Company assessmentEmerging players
- Local Logic: Local Logic is a Canadian property and location intelligence platform providing neighborhood-level data and insights for real estate, insurance, and risk applications. Comparable to InspekTech as a Canadian property data/analytics company serving real estate and insurance use cases.
Broad incumbents
- Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm offering valuation and advisory services for insurance, lending, and corporate clients. Comparable to InspekTech's commercial appraisal (TVA™) practice as a provider of certified commercial property valuations for insurance and underwriting purposes.
- CoreLogic (Cotality): CoreLogic (now Cotality) is the dominant U.S./global provider of property data, analytics, and replacement cost calculation tools (RCT Express, Commercial Express) that InspekTech integrates. It is a critical data partner and partial competitor, as it could sell data + analytics products directly to insurance carriers, bypassing appraisal firms.
- VTS: VTS is a leading commercial real estate leasing, asset management, and data intelligence platform used by landlords, brokers, and institutional investors. Comparable to InspekTech's commercial/strata (TVA™, TRC™) services as a data and workflow platform serving commercial property decision-making.
- JLL (Jones Lang LaSalle): JLL is a global commercial real estate services firm with valuation, risk advisory, and insurance consulting practices serving insurers, owners, and lenders worldwide. Comparable to InspekTech in providing certified commercial property valuations and risk assessment services for insurance underwriting.
- Colliers International: Colliers International is a global professional services and investment management company with a significant real estate valuation and advisory practice serving insurers and lenders. Comparable to InspekTech in the commercial/strata insurance appraisal and risk assessment space, though operating at much broader scale.
Direct peers
- HouseCanary: HouseCanary provides residential property analytics, valuation, and AI-driven insights for lenders, investors, and insurers. Comparable to InspekTech's ITV Capture™ and ReCalc™ in delivering site-grounded, data-driven residential valuation and replacement cost analysis to insurance and financial services customers.
- SingleKey: SingleKey is a Canadian property intelligence platform that aggregates data and provides risk insights to insurers, lenders, and property managers across Canada. Directly comparable to InspekTech as a Canadian-focused insurtech/proptech serving insurance underwriting and risk assessment use cases.
- Bowery Valuation: Bowery Valuation is a tech-enabled commercial real estate appraisal firm that uses proprietary software to deliver faster, more consistent CRE appraisals for lenders and owners. Directly comparable to InspekTech's TVA™ Commercial and RAR™ services in applying technology to traditional insurance and lender appraisal workflows.
Regional players
- Accurity: Accurity is a Canadian commercial real estate valuation and advisory firm providing appraisal and consulting services across Canada. Comparable to InspekTech as a Canadian appraisal firm serving commercial real estate and insurance underwriting use cases, though with a different geographic and product focus.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
InspekTech social profiles
Digital presenceInspekTech compliance and trust
Trust signalCompliance3 records
InspekTech financial estimates
Financial estimateRevenue estimate
Valuation estimate
InspekTech leadership team
Management profileNumber of profiles
Profiles1 record
InspekTech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InspekTech 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 InspekTech
What does InspekTech do?
InspekTech provides Insurance Replacement Value appraisals and risk assessment services for residential, commercial, and strata properties. The firm combines on-site data capture with proprietary calculation methodologies to deliver insured value reports, risk reports, and site condition assessments used by insurance underwriters, strata councils, lenders, and property managers.
Is InspekTech a public or private company?
InspekTech is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was InspekTech founded?
InspekTech was founded in 2002. It employs 1 to 10 people.
Where is InspekTech based?
InspekTech is headquartered in Surrey, Canada, in the North America region.
How does InspekTech make money?
Five revenue lines are on record. Insurance Replacement Value Appraisals are the primary driver. The others are risk Assessment Services, reCalc™ Annual Updates, RAR™ for Lenders and total Inventory Assessment (TIA)™.
Who are InspekTech's main competitors?
Local Logic is listed as an emerging player. Broad incumbents are Cushman & Wakefield, CoreLogic (Cotality), VTS, JLL (Jones Lang LaSalle) and Colliers International. Direct peers are HouseCanary, SingleKey and Bowery Valuation. Accurity is listed as a regional player.
Does InspekTech have an API?
No public API is recorded for InspekTech.
What industry is InspekTech in?
InspekTech's product category is Insurance Appraisal and Risk Assessment Services. Its primary akta.pro industry code is FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization), with a secondary code of FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS). Its NAICS code is 52429 and its SIC code is 6411.