Summit Commercial Insurance Solutions

Summit Commercial Insurance Solutions We craft innovative insurance solutions custom tailored to your business.

Most businesses benchmark their commercial insurance every year and their employee benefits plan almost never.The result...
08/24/2026

Most businesses benchmark their commercial insurance every year and their employee benefits plan almost never.

The result, across the plans we review: coverage designed for the workforce a company had five years ago, priced against a market nobody has tested since.

What we see as a consequence of that:
- Premiums renew on carrier experience formulas that assume you won't shop
- Plan design stays frozen while the workforce changes: age mix, family status, what employees actually value
- Coverage that was competitive at hiring loses ground against what candidates are offered elsewhere

A benchmark answers the actual questions: how your plan compares to peers of your size and industry, line by line, and whether your renewal reflects your experience or just the carrier's default trajectory.

Summit's Employee Benefits division runs plan benchmarks for Canadian businesses of all sizes. Reach out for yours today 👇

We’re excited to welcome Susan Atkinson to the Summit team as our newest Private Client Advisor, based in Kelowna, BC.Su...
08/13/2026

We’re excited to welcome Susan Atkinson to the Summit team as our newest Private Client Advisor, based in Kelowna, BC.

Susan brings 5 years of insurance experience as a licensed insurance professional specializing in Personal Lines. As a former local business owner, she understands the importance of building lasting relationships and providing exceptional customer experiences. Recognized as an award winner through Kelowna Community Votes and Best of Kelowna in the insurance industry, Susan has earned a reputation for excellence, professionalism, and putting her clients first.

Customer service has always been Susan’s number one priority. She is passionate about helping clients protect what matters most by providing trusted advice, personalized insurance solutions, and an outstanding experience from start to finish. Susan’s relationship-driven approach, dedication to exceptional service, and commitment to doing what is best for her clients align perfectly with Summit’s values. She will play an important role in the continued growth and success of our Private Client practice.

Please join us in welcoming Susan!

Canada is on pace for a record year of catastrophe events, and the shape of the losses matters more than the size.CatIQ'...
08/06/2026

Canada is on pace for a record year of catastrophe events, and the shape of the losses matters more than the size.

CatIQ's latest data, out this week:
- 14 catastrophe events declared so far in 2026, with 10 in June and July alone, matching the pace of 2023, the current record year
- The June Prairie storms estimate has been revised from $728 million to $850 million, with insurers telling CatIQ it may rank among the worst single weather events they've experienced
- A new initial estimate of $374 million for the storms that hit southern Ontario and Quebec June 30 to July 3, and Montreal's June flooding revised to $411 million
- Calgary's August 2024 hailstorm finalized at $3.35 billion, Canada's largest hail catastrophe

CatIQ's CEO describes 2026 as "2023 amplified": many mid-sized catastrophes rather than a few blockbusters. Catastrophe claims passed 100,000 by the end of June.

Why that pattern matters for your business: when losses come from frequent, dispersed events instead of one headline disaster, the rate pressure reaches businesses far outside any disaster zone. Your program can be tested by a year like this without your postal code ever making the news.

Two checks worth doing before renewal: what your weather-related deductibles actually are, peril by peril, and whether your business interruption limits reflect this year's rebuild costs and timelines.

Summit reviews both as part of every commercial program review

Cyber coverage has never been cheaper. The gap between who needs it and who carries it has never been more expensive.Thr...
07/30/2026

Cyber coverage has never been cheaper. The gap between who needs it and who carries it has never been more expensive.

Three things happened this month worth reading:
- The Insurance Bureau of Canada issued fresh guidance urging businesses to confront their cyber exposure, publishing a free 10-question readiness assessment
- Marsh's Q2 index recorded a twelfth consecutive quarterly decline in cyber rates, with competition broadening coverage terms
- QBE's construction specialists flagged that ransomware has shifted from stealing data to halting operations, hitting project timelines and subcontractor networks (Insurance Business, this week)

The pattern: regulators and insurers are pushing businesses toward cyber coverage at the exact moment it's most affordable, because the loss activity justifies it.

For mid-market businesses, the practical questions:
- If your systems went down for a week, what does that cost, and does anything in your programme respond?
- Do you carry cyber as a standalone policy, or as a thin endorsement with sub-limits that were never stress-tested?
- When did anyone last read your cyber wording against how your business actually operates today?

Twelve quarters of falling prices means the excuses are gone.

Summit reviews cyber programs as part of every commercial review. Rech out for your full assessment today.

We are thrilled to announce that Ryan Smith is joining our Winnipeg office as our newest Associate Advisor, Employee Ben...
07/29/2026

We are thrilled to announce that Ryan Smith is joining our Winnipeg office as our newest Associate Advisor, Employee Benefits.

Ryan joins us with over three years of experience in sales and leadership, most recently serving as an Employee Benefits Sales Representative and Team Leader at Western Financial Group.

Ryan holds a Bachelor of Arts in Psychology (with a minor in Anthropology) from the University of Manitoba, where he earned a spot on the Dean’s Honour List for academic achievement.

When he’s not helping businesses grow with confidence, Ryan is a dedicated leader in the local sports community. Since 2019, he has served as the Varsity Men’s Volleyball Coach at École Kelvin High School, and he recently took on a role as an assistant coach for the Offspeed Volleyball Club. Welcome to the team, Ryan.

Canadian commercial insurance rates fell 7% in Q2, and commercial property fell 8%, a ninth consecutive quarter of decli...
07/28/2026

Canadian commercial insurance rates fell 7% in Q2, and commercial property fell 8%, a ninth consecutive quarter of declines (Marsh Global Insurance Market Index, Q2 2026).

Eight straight quarters of falling global rates has a compounding effect: a program that renewed flat since 2024 is now paying well above what the market would offer it today.
Abundant capacity means buyers are negotiating more than price. Deductibles, sub-limits, and coverage terms are all in play.

A practical checklist for your next renewal:
- Re-market the programme rather than accepting the incumbent's renewal as-is. Competition is the entire source of leverage.
- Revisit deductibles and sub-limits set during the hard market. Many were raised to control premium and never reset.
- Buy back coverage that was cut in 2022-23: umbrella limits, cyber, pollution, equipment breakdown.
- Ask about multi-year terms or rate guarantees where available, extending today's conditions past any turn.

The question isn't whether your rates should be lower. It's whether your program has been rebuilt to today's market, or just repriced by it.

We are excited to welcome Corey Forrieter to the Summit leadership team as our new Head of Engineering! Corey joins us a...
07/23/2026

We are excited to welcome Corey Forrieter to the Summit leadership team as our new Head of Engineering! Corey joins us at a pivotal moment as we accelerate the evolution of Summit's technical ecosystem.

At Summit, our mission is to redefine the commercial insurance landscape by combining purpose-built technology with expert human guidance. Corey is the perfect leader to drive this vision forward. With over a decade of experience building and scaling products in e-commerce and insurtech environments, he specializes in aligning engineering architecture with core business goals.

Please join us in welcoming Corey.

Two June storm systems just produced more than $1.1 billion in initial insured losses across Canada.Per CatIQ's initial ...
07/16/2026

Two June storm systems just produced more than $1.1 billion in initial insured losses across Canada.

Per CatIQ's initial estimates released this week:
- June 9-10, southern Saskatchewan and Manitoba: tornadoes, hail up to 10 cm, record rainfall. Initial industry loss: $728 million
- June 20-21, Montreal's West Island and south shore: widespread flooding. Initial industry loss: $409 million

CatIQ's CEO notes Q2 catastrophe activity was well above average, with multiple events making direct hits on population centres

For commercial property owners, the exposure question isn't whether severe weather hits your region. It's what your programme does when it does:
- Hail and wind often carry separate percentage deductibles that behave very differently from your standard deductible
- Flood and sewer backup are frequently sub-limited well below actual exposure, exactly the coverages Montreal just tested
- Business interruption limits set years ago rarely reflect today's rebuild costs or timelines

Halfway through a year CatIQ says could track 2024, the costliest severe-weather year on record in Canada, a mid-year programme review costs nothing compared to finding out at claim time.

Summit runs mid-year program reviews for Canadian businesses. Send us a DM to get started.

The July 1 reinsurance renewals delivered the steepest property catastrophe rate decline since the late 1990s. For Canad...
07/03/2026

The July 1 reinsurance renewals delivered the steepest property catastrophe rate decline since the late 1990s. For Canadian commercial insurance buyers, that's leverage.

What this week's renewal reports show:
- North American property catastrophe reinsurance rates fell 20–25% for well-performing accounts (Gallagher Re, First View, July 2026)
- The global property catastrophe rate-on-line index is down 16% in 2026 — the largest annual decline since the late 1990s (Guy Carpenter, July 2026 Renewal Report)
- Reinsurers competed on structure as well as price, with capacity exceeding demand

Reinsurance is the wholesale market — the coverage insurers buy on the risk they take from you. When wholesale costs fall this sharply, insurers gain room to compete for commercial business. That competition is already visible in Canadian renewals.

The distinction that matters: falling input costs create the conditions for better terms. Heading into the second half, one question is worth asking of any commercial program: is it being re-priced, or re-analyzed?

We are thrilled to announce that Lauren Hartridge has joined Summit as a Sales Development Representative, based at Summ...
06/24/2026

We are thrilled to announce that Lauren Hartridge has joined Summit as a Sales Development Representative, based at Summit HQ in Kelowna! Lauren comes to us with a unique background that perfectly aligns with our mission at Summit.

She recently completed her Bachelor of Arts in Psychology at the University of British Columbia Okanagan with Distinction and a stellar 3.90 GPA. Her academic background gives her a deep understanding of human behavior, which she pairs with a calm, relationship-driven approach to client engagement

In her previous role at Crown & Thieves Winery, Lauren was recognized as a top three individual sales performer across five estates, exceeding in driving direct-to-consumer sales and wine club memberships. There, she quickly advanced to a Shift Lead role, where she managed daily operations and staff coordination in high-performance environments. Beyond her professional achievements, Lauren has spent time volunteering with Kelowna’s Gospel Mission, supporting community meal services and facility upkeep.

Lauren is passionate about understanding people and delivering thoughtful, personalized service. We are confident that her disciplined work ethic and growth-focused mindset will make her a fantastic asset to our sales team.

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Unit 905/1449 Street Paul St
Kelowna, BC
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