Co-operative strength amidst rapid change a focus of AGM
Guelph - Last week the Co-operators highlighted significant risks, challenges and opportunities presented by a rapidly changing world with the release of its . The report was released as more than 100 representatives of the insurance and financial services co-operative's 44 members gathered in Moncton for its Annual General Meeting (AGM).
In its second integrated annual report, The Co-operators offers a comprehensive overview of the organization's financial, governance and sustainability progress and performance alongside key world issues and trends. The report notes that the rapid pace of change and the increasing financial, social and environmental volatility in today's operating environment demand that the organization move forward strategically, efficiently and mindful of its co-operative values in order to deliver on its mission of providing financial security to Canadians and their communities.
"While a more volatile and less predictable environment presents challenges our organization must adapt to, it also heightens the importance of our role as an insurer," said Rob Wesseling, president and CEO of The Co-operators. "In 2017, we paid out more than ever before – nearly $2 billion in claims and benefits to help clients maintain their financial security and peace of mind following a loss. As we help clients recover, we must also work to prevent losses through education and advocacy aimed at building safer, more sustainable and resilient Canadian communities."