Compensation Disclosure
We sincerely appreciate your trust in our services. As your independent insurance broker, our responsibility is to help you find insurance solutions that are suitable, cost-effective, and easy to understand.
At AiA Insurance Brokers Ltd, we operate with full independence. No insurance provider holds any ownership stake in our firm, allowing us to offer unbiased recommendations that serve your best interests.
Our commitment is to deliver the best possible value by balancing protection, price, and service. We pride ourselves on offering personalized attention, expert advice, regular policy reviews, and assistance with any claims. Should a concern arise about your insurance coverage, we act on your behalf to ensure your needs are fully represented.
Part of the premium you pay includes the commission we receive from insurers. For transparency, we’ve outlined the main insurance companies we work with and the commission rates they offer, shown as a percentage of your total premium.
- Intact Insurance 0-20%
- Jevco 0-12.5%
- Travelers Essential 0-12.5% *
- Wawanesa Mutual 0-20% Echelon Insurance 0-20%
- Pembridge Insurance 0-20%
- Pafco Insurance – 0 to 12.5%
- Max Insurance 15%-20%
- Definity insurance 0-20% *
- Nordic facility Fee Capped
- $370 to 10%
- Various MGAs – 0 to 15%
- PAL Insurance 0-15%
- Premier Marine 0-15%
- Totten Group 0-15%
- AM Fredericks 0-15%
If there are any changes to the commission structure we receive from your insurer, or any other significant updates affecting compensation, we will promptly revise this disclosure to keep you informed.
The commission rate indicated is paid on an annual basis for both new policies and renewals. To maintain strong partnerships with reputable insurers, we tailor our business practices to meet their specific requirements. Insurers marked with an asterisk above acknowledge our efforts through a Contingent (Profit) Commission arrangement. This additional commission depends on factors such as business growth, profitability (loss ratios), volume, policy retention, and the enhanced services we provide for the insurer. It’s important to note that Contingent (Profit) Commissions are not guaranteed. For more detailed information, please visit the respective insurance company’s website.
Should you have any questions about this disclosure or any other part of your insurance coverage, please don’t hesitate to reach out to us.
