Summary

Palm Insurance Canada

Founded in 2016

Description

Palm Insurance Canada Inc. is a Managing General Agent providing insurance solutions for companies in the energy sector. Our suite of products are tailored for companies looking for broad coverage with competitive pricing and includes Property /Boiler & Machinery / Business Interruption / Liability / Control of Well / Executive Liability products.New Oil Patch insurance facility and technical consultantFocus on junior E&P companies and service contractorsPalm Canada is an independent, privately owned company based in CalgaryPalm is supported by Lloyds, international Insurers, and independent engineering and insurance consultantsOne stop insurance solution with full suite of products and servicesProperty Damage / Boiler & Machinery / Business InterruptionControl of WellComprehensive General LiabilityDirectors & Officers Liability for ExecutivesRisk Engineering and AssessmentRisk Retention Solutions

Strengths

  • Revenue generated per employee is greater than industry average
  • Demonstrating revenue growth that is faster than the industry average
  • Revenue growth is more steady than the industry average
  • Since Palm Insurance Canada was founded, the company has grown faster than the industry average

Weaknesses

  • Palm Insurance Canada has a very small market share in their industry

Annual Revenue

Palm Insurance Canada's annual revenue

$4339000

Based on Kona Equity data

  • Revenue per employee

    $255235

  • Variance of revenue growth

    0.06

  • Annual revenue growth since founding

    $723166

  • Revenue growth rate from first known quarter to current

    27.6%

Employee Count

17 employees

Executives

Valerie Cusano

President

v**@palm.global

Gord Anderson

Director

g**@palm.global

Natasha Drainville

Claims Director, Underwriting

n**@palm.global

Yuliana Kim

Underwriting Assistant

y**@palm.global

Tom Jenner

Senior Underwriter

t**@palm.global

G Score - 4

The G Score is an eight-point scale where firms are given a score of 1 for each of the criteria that they pass. The G score compares a company against the industry median to find those that are healthy and growing.

  • G2 Income per employee more than industry average.
  • G3 Revenue growth rate from the first known quarter to current is higher than the industry average.
  • G5 Variance of revenue growth is less than the industry average
  • G6 Annual revenue growth since founding is higher than the industry average.

Location

1410, 585 - 8th Ave SW 
Calgary, Alberta  T2P 1G1

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Key Information

Disclaimer: These numbers are estimates and any other company information is based off our proprietary algorithms and by no means should be accepted as 100% factual. Kona Equity is in no way affiliated with Palm Insurance Canada.

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