Summit Commercial Solutions
Technology-driven commercial insurance and risk management brokerage.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $3.5m | Seed | |
| Total Funding | 000k | ||
Summit Commercial Solutions Inc. is a Canadian national insurance brokerage and risk management firm founded in 2022 by Davis Gilbert and Josh Pillsbury. Headquartered in Kelowna, British Columbia, the company aims to modernize the commercial insurance sector by combining human expertise with technology-driven solutions. The founders, both formerly of APOLLO Insurance, established Summit to address inefficiencies in the traditional brokerage model, which often bogs down skilled professionals with administrative tasks.
The firm operates as a retail brokerage, generating revenue by crafting and selling customized insurance policies for businesses. Summit serves a diverse client base across Canada in sectors such as construction, professional services, technology, manufacturing, retail, and health and wellness. Its business model focuses on providing tailored insurance solutions by comparing rates and coverages from over 60 insurance partners to ensure value. The product offerings are extensive, including commercial general liability, professional liability, cyber liability, and commercial property insurance.
In April 2024, Summit announced a significant milestone with a $3.5 million seed funding round led by IA Capital Group, with additional investment from Harvest Ventures. This capital is intended to accelerate the company's growth, scale operations, hire more producers, and invest in proprietary technology. The firm is developing a submission and underwriting management platform to streamline policy management and reduce administrative burdens for its brokers. Summit serves the small- to mid-market and has a team of approximately 22 members located in Kelowna, Toronto, and Winnipeg.
Keywords: commercial insurance, risk management, insurance brokerage, InsurTech, business insurance, professional liability, cyber liability, technology insurance, construction insurance, manufacturing insurance, commercial general liability, Canadian insurance, seed funding, IA Capital Group, Harvest Ventures, Davis Gilbert, Josh Pillsbury, retail brokerage, underwriting platform, small business insurance