Online insurance quoting vendor Kanetix acquires Rates.ca

By Canadian Underwriter, | February 3, 2015 | Last updated on October 30, 2024
1 min read

Canadian insurance technology vendor Kanetix Ltd. announced Monday it has acquired the comparison site rates.ca from VerticalScope Inc.

“The move signifies Kanetix’s commitment to growing its interests in the insurance and financial services industries online, as well as the ability to offer more choice to consumers shopping online for financial products,” stated Toronto-based Kanetix in a press release.

Kanetix Ltd. of Toronto has acquired Rates.ca, which offers auto insurance quotes 

The acquisition closed Jan. 30.

Kanetix’s offerings include online quoting technology as well as actuarial tools for insurance firms.

With Rates.ca, consumers can shop for credit cards, mortgages and auto insurance.

In addition to Kanetix.ca, Kanetix operates InsuranceHotline.com, RateSupermarket.ca and ComparaSave.ca.

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