On Co-op is proud of the work our membership does to promote the co-operative values every day. To highlight the good work done by these co-op leaders, On Co-op will be featuring an in-depth article about a different member in our e-newsletter. Each monthly profile will be featured here, and past profiles are availbe for download to the right.
All member profiles can be veiwed in the downloads section on the right.
Member Profile | The Co-operators
In the wake of the Great Depression and the Second World War, a group of struggling farmers in Saskatchewan dreamed of building a national co-operative insurance company to protect Canadians’ financial security. The small company they established in Regina in 1945 grew into the realization of that dream. Today, The Co-operators is a leading Canadian-owned multi-product insurer that offers a full suite of insurance and investment products through its group of companies. It has $47 billion in assets under administration and more than 600 offices in cities and towns throughout the country.
Based in Guelph, The Co-operators Group Limited is a co-operative whose 44 member organizations include Canadian co-operatives, credit union centrals and representative farm organizations. Each member is also a client with at least one line of business with the organization.
The Co-operators is governed by a board of directors that is elected by its members through the co-operative principle of “one member, one vote.” The 44 member organizations appoint 118 delegates to 7 region committees, which in turn nominate the 22 members of the board of directors.
Through its group of companies, it provides home, auto, life, group, travel, commercial and farm insurance, as well as investment products and services. The Co-operators created Co-op Guard, the first and only suite of insurance products and services tailored to the Canadian co-operative sector.
CUMIS, a member of The Co-operators group of companies based in Burlington, is the leading provider of insurance-related products and services to Canadian credit unions. It partners with approximately 380 credit unions with a combined five million members to deliver competitive insurance and financial solutions. In doing so, it creates financial security and promotes the growth and success of the credit union system in Canada.
The Co-operators is well known for its community involvement, commitment to sustainability and support for the co-operative sector. In 2016, the organization donated more than $7.5 million to Canadian co-operatives, not-for-profits and charities. It is listed among the Best Employers in Canada by Aon Hewitt, Corporate Knights’ Best 50 Corporate Citizens in Canada, and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean’s magazine. In 2016, The Co-operators was named Co-operatives and Mutuals Canada’s Co-op of the Year.