Apr 4, 2019
GUELPH, ON, April 4, 2019 /CNW/ - Today, The Co-operators highlighted significant challenges and opportunities presented by increasing environmental, social and economic issues and trends with the release of its 2018 Integrated Annual Report. The report was launched as representatives of the co-operative's 45 member organizations gathered from across the country in Toronto for its Annual General Meeting (AGM).
In The Co-operators 2018 Integrated Annual report, the insurance and financial services co-operative presents a comprehensive overview of its financial, governance and sustainability progress and performance alongside key world issues and trends. It outlines significant financial challenges stemming from impacts of climate-related risk and an unfavourable investment market, while underscoring the organization's achievements in terms of leading the industry in client growth and engagement, investing in community well-being, and innovating its products and services to meet unmet needs in a world of change.
"While 2018 proved to be a challenging financial year, we're confident in the strength of our capital position, our operations, and our strategy to address the accelerating claims trends affecting the industry," said Robert Wesseling, president and CEO of The Co-operators. "Guided by our purpose to provide financial security to Canadians, we remain focused on designing solutions that meet our clients' needs, while creating more resilient, sustainable communities."
Highlights from The Co-operators 2018 Integrated Annual Report:
"It speaks to our co-operative identity and focus on the long-term view that we have been able to navigate challenges without sacrificing our commitment to innovate and meet the unique needs of the people we serve -- from our members and clients to our advisors and employees, in communities from coast to coast," said John Harvie, Chairperson of the Board of Directors.
To view the report and learn more about The Co-operators governance, sustainability and financial performance, visit integratedreport.cooperators.ca.
SOURCE The Co-operators
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