MAGRATH, AB, Sept. 13, 2018 /CNW/ - Canadian Business and Maclean's today ranked Surex Direct no. 22 on the 30th annual Growth 500 list, the definitive ranking of Canada's fastest growing companies. Produced by Canada's premier business and current affairs media brands, the Growth 500 ranks Canadian businesses on five-year revenue growth.
Surex Direct made the 2018 Growth 500 list with five-year revenue growth of 8000%. Surex Direct's current book of business is over $62 million in annual insurance premiums.
''Being nimble has been essential to our growth,'' Matthew Alston, co-founder & COO of Surex Direct, said. ''We focus on short-term strategies and goals, which allows us to continually innovate, evaluate and ensure we're able to embrace change and stay a step ahead of our competition.''
Originally offering personal lines insurance in Alberta only, Surex Direct now brokers insurance in six provinces and two territories for their 10+ partner insurance carriers.
''Insurance is a hard-to-crack industry,'' Lance Miller, co-founder & CEO of Surex Direct, said. ''Being headquartered in a town of 2,300 people, we embraced the David vs Goliath mentality. We put an emphasis on technology, including developing our own machine learning and artificial intelligence initiatives. This is how we're able to offer the best insurance proposition in Canada, while being in a rural community.''
Placing 22nd on the 2018 Growth 500 list is the latest recognition for Surex Direct over the past few years. Other notable honours include:
Placing 5th on the 2017 Top 10 Brokerages in Canada list, by Insurance Business
Placing 30th on the 2016 Startup 50 Canada list, by Canadian Business and PROFIT
''The companies on the 2018 Growth 500 are truly remarkable. Demonstrating foresight, innovation and smart management, their stories serve as a primer for how to build a successful entrepreneurial business today,'' Deborah Aarts, program manager for the Growth 500, said.
About the Growth 500 For 30 years, the Growth 500 has been Canada's most respectable and influential ranking of entrepreneurial achievement. Ranking Canada's fastest growing companies by five-year revenue growth, the Growth 500 – formerly known as the PROFIT 500 – profile the country's most successful growing businesses. The Growth 500 is produced by Canadian Business.
SOURCE Surex Direct
For further information: Media Contact: Jennifer DeFrenza, Surex Direct, Director of Digital Marketing, [email protected], 1.289.812.4483