(Toronto) – Moving forward with a strong voice that advances the shared interests of their members was the outcome of a strategic planning meeting of the members of the Canadian Association of Insurance Reciprocals (CAIR). The members met recently and emerged with a strategic plan that defines their core mission and objectives.
CAIR was founded in 2010 by five reciprocals: the MEARIE Group, the Ontario Municipal Insurance Exchange, the Canadian Universities Reciprocal Insurance Exchange, the Ontario School Boards’ Insurance Exchange, and the Healthcare Insurance Reciprocal of Canada. Today the Association is comprised of 13 reciprocals from across Canada that represent the interests of members in a wide variety of industries and sectors.
“As Insurance Reciprocals, we face a unique set of challenges and concerns,” says Peter Flattery, Board Chair of CAIR and CEO of the Healthcare Insurance Reciprocal of Canada (HIROC). “With the association, we can benefit from harnessing our collective wisdom in order to further the shared interests of insurance reciprocals.”
Foremost on the list of shared interests is advocating for their members with government insurance regulators and the insurance industry. “Beyond providing the reciprocal operating licences, provincial and federal agencies are an essential partner in establishing and maintaining industry standards,” says Peter.
CAIR sees building a productive partnership with these agencies as crucial for instilling confidence in subscribers, insurers/reinsurers and the public.
“This meeting helped us define our key priorities which are attracting new members, sharing best practices and relationship-building with key strategic partners,” said Peter. “We look forward to being a strong voice for insurance reciprocals in Canada and engaging in productive discussions about the future of our industry.”
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