- Description
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The Co-operators is a leading Canadian multi-line insurance and financial services co-operative with $41.7 billion in assets under administration. Our subsidiary companies provide solutions in four core areas: property and casualty (P&C) insurance, life insurance, institutional asset management and brokerage operations. We are supported by 5,350 employees and a dedicated financial advisor network with 2,753 licensed insurance representatives throughout Canada. We also serve 252 credit unions with more than 5.7 million members.
The Co-operators is ranked among the Best 50 Corporate Citizens in Canada by Corporate Knights and listed among the Best Employers in Canada.
- Number of employees
- 1000+ employees
- Company website
- http://www.cooperators.ca/
- Industries
- Insurance
Recent projects
Diversity and Inclusion in IT
How can progressive Information Technology organizations enable more diverse and inclusive perspectives in their culture and their leadership?
Sustainable Development - Circular Economy - Insurance - Waste Diversion
As an important Canadian cooperative property insurer, we wish to examine how to apply circular economy principles as part of our claims handling process, because it would help with sustainable development. There is one sub-initiative where we would appreciate assistance. Waste diversion in repairs and re-builds of buildings. These represent a major source of waste and we would like that waste to become 'food' for other construction and manufacturing processes. We would like to understand how to approach the community of stakeholders to have success on this topic.
Review the insurance advisors' compensation model
Problem Statement: Current compensation model does not fully support growth strategy in advice-based products Tight alignment of shift to digital/shifts in distribution channels with changes in compensation model Apprehension in the field regarding impacts in strategy and timing of compensation changes Need to align compensation model with newly created Advisor Profiles; allowing for regionalization and flexibility Benefit Statement: Leverage science and advance optimization techniques to establish a compensation model which drives the right selling behavior to deliver overall organizational strategic objective effectively and results in high engagement with our Advisors. Desired Outcome: The new compensation model will: Align with our 5 Guiding Principles Alignment with Strategy Balance Needs of All Parties Ease of Use and Understanding Focus on Relationships and Engagement Flexible, Fair and Self-Sustaining Create a value proposition for our Advisor network that align with the industry
Change Management Optimization
Goal: Better understand key risk factors in predicting success of change in an organization undergoing large strategic programs Problem Statement : How do we proactively identify, monitor, and mitigate key change risk factors to optimize change success and deliver benefits? Potential Areas to Cover: Complete a literature review on Psychological Capital, other organizational health concepts, ... Identify key risk change risk factors that impact change success, and realization of benefits Understand how to identify points of change saturation, with specific focus on how to optimize change performance Propose an approach for ongoing monitoring of change risks In consideration of change risk assessment, develop a methodology to help pre-emptively assess which changes will be successful Develop methods to enhance change capacity when it has been depleted Review our current change planning approach, and provide recommendations on how it should evolve to respond to our current business environment.