Disclosure on Thunderbird Insurance Brokers Ltd

Thunderbird Insurance is committed to full disclosure to transparency to all our clients. Please find the
following information on our insurance products.

Parties Involved

There are 3 parties to the insurance application which is regulated by the British Columbia Financial
Services Authority:

  • The applicant
  • Thunderbird Insurance Brokers Ltd.
  • The insurance company

The role of Thunderbird Insurance Brokers Ltd. Is carried out by individual licensed insurance agents
(employees of Thunderbird Insurance). Licensed insurance agents are regulated by the Insurance
Council of British Columbia.


Thunderbird Insurance Brokers Ltd. are compensated by commission paid by the individual insurance
companies that we do business with. The breakdown of commissions is:

Wawanesa, Optimum West, Travelers, Intact – All types of policies – (new policies, endorsements &
renewals) 20%

Tugo Travel – Depending on the age of the client:
Single or annual travel medical – 15% to 30%
Trip cancellation/Trip Interruption – 40%
Visitors to Canada – 15% to 40%

Specialty companies – 15% to 20%