Latest news with #Co-operators
Cision Canada
26-06-2025
- Business
- Cision Canada
CO-OPERATORS SURVEY: CANADIANS ARE STRUGGLING WITH FINANCIAL CONFIDENCE, BUT HUMAN ADVICE HELPS Français
Younger Canadians are the most uncertain and the most eager for help GUELPH, ON, June 26, 2025 /CNW/ - A new national survey from Co-operators finds that only one-third of Canadians (34%) feel optimistic about their financial future, a number that drops even lower for Gen Z (28%) and Millennials (26%). The data paints a stark picture of how economic turbulence is shaping outlooks across the country, with cost-of-living pressures and political uncertainty eroding confidence at every stage of life. The survey found that inflation (72%), rising housing costs (47%) and the job market (43%) are the top factors negatively impacting Canadians' financial outlook. While half of Canadians report actively investing, 27% say they don't currently have extra money to invest. Yet one group is pulling ahead: those working with an advisor. Canadians who work with a financial advisor are significantly more optimistic, confident and resilient: 64% of those with an advisor say they feel optimistic about their financial future, compared to just 44% of those without They are more than twice as likely to feel very confident making financial decisions 94% say their advisor has helped them navigate recent economic and global volatility "Canadians are seeking clarity amid the noise," said Jessica Baker, Executive Vice President and Chief Retail Sales Officer at Co-operators. "Our research shows a growing confidence gap, especially among younger Canadians, but also proves that having a trusted advisor can change that. Human connection and tailored support are what help turn uncertainty into progress." Younger generations in particular are looking for guidance, but they're often unsure how to get started. The top barriers among Gen Z and Millennials without an advisor include not knowing where to begin, feeling concerned about costs and feeling too intimidated to ask for help. While the data paints a challenging picture, it also signals an opportunity. Canadians, especially younger generations, are looking for clarity, connection and support. Many just don't know where to start, or if they even "qualify" for help. Co-operators is aiming to change that, making values-based financial advice more accessible by focusing on people, not products. "We're seeing a generation that's hungry for support but unsure if they even qualify for financial advice," added Baker. "You do. Everyone does. Our advisors are here to make financial guidance accessible, personal and help you achieve long-term financial security." Other notable findings from the survey include: Nearly half of Canadians (43%) say they don't know who to trust when it comes to financial advice Just one in three currently work with a financial advisor Gen Z (26%) and Millennials (22%) are much less likely to be confident that they could handle a major unexpected expense. 58% of Canadians wish they had started their financial planning earlier Those currently working with a financial advisor (52%) are more likely to agree that they are on track to meet their financial goals than those who are not working with one or aren't sure (26%). Separate research shows one in three Canadians now use AI to manage their finances; but while digital tools are on the rise, the Co-operators findings highlight that expert, human guidance still makes the greatest impact. To learn more about how Co-operators advisors can support your financial journey, visit About the survey A total of 1,500 adult residents from across Canada were surveyed online between June 9 to 12, 2025. The sample was randomly drawn from Leger's web panel of potential survey respondents. The sample was weighted by age, gender, and region to reflect Canada's population distribution according to the 2021 Census data. An associated margin of error for a probability-based sample of this size would be ±3%, 19 times out of 20. About Co ‑ operators Proudly Canadian since 1945, Co‑operators is a leading financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. With more than $72 billion in assets under administration, Co‑operators is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co-operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co‑operators is recognized as one of Canada's Top 100 Employers and ranked as one of Corporate Knights' Best 50 Corporate Citizens in Canada. For more information, please visit: Co-operators® is a registered trademark of The Co-operators Group Limited and is used with permission. ©2025 Co-operators Financial Investment Services Inc. ©2025 Co-operators Life Insurance Company. SOURCE: Co-operators Financial Investment Services Inc. and Co-operators Life Insurance Company.
Cision Canada
25-06-2025
- Business
- Cision Canada
Co-operators leads financial sector in national sustainability ranking
In Corporate Knights Best 50 Corporate Citizens ranking, Canadian insurance and financial services co-op is lauded for its sustainability impact GUELPH, ON, June 25, 2025 /CNW/ - Today, in Corporate Knights annual Best 50 Corporate Citizens ranking, Co-operators earned the highest ranking among insurers and highest in the financial sector, placing fourth in the overall ranking. Assessed across a wide range of environmental, social, and governance-related sustainability performance indicators, this national recognition continues to underscore the co-operative's ongoing efforts to catalyze a resilient and sustainable society. In 2025, Co-operators stood out for its high relative proportion of revenue (26.4%) that is defined as 'sustainable revenue' by Corporate Knights' Sustainable Economy Taxonomy. The result is also driven in part by Co-operators $7.05 billion in impact and transition investments; a high percentage of gender diversity in its executive leadership team; a relatively equitable CEO to worker pay ratio; linking executive compensation with net zero targets; and the number of paid sick leave days offered to its employees, among other indicators. "To be recognized alongside Canada's business leaders is strong validation of our efforts to embed sustainability into our business, while working to catalyze sustainability in our society through our investments, products and services, community partnerships, and advocacy," says Rob Wesseling, President and CEO of Co-operators. "Our pursuit of sustainability is inextricably linked to our ability to advance our purpose of financial security for Canadians and our communities. It is about ensuring we can meet the needs of our members, clients and communities today, without compromising our ability to meet their needs for generations to come." "Today's complex challenges require us to leverage the collective capacity, capital and ingenuity across our society to develop imaginative, sustainable solutions," says Chad Park, vice-president of Sustainability & Citizenship at Co-operators. "The Best 50 highlights those businesses who are demonstrating leadership across a range of industries in pursuit of solutions that will help create a more sustainable, resilient, and equitable Canada. We're committed to working collaboratively as part of this effort and honoured to be recognized." Co-operators sustainability achievements include: 52.6% of its investments are invested in impact and climate transition investments, equivalent to $7.05 billion directed to projects and initiatives that address environmental and social challenges. Co-operators has a target to invest 60% of its total portfolio in impact, transition and resilience investments by 2030. Co-operators is a carbon neutral company, with net zero targets in its operations (2040) and investments (2050). 26.4% of its total revenue comes from sustainable products or services, like Comprehensive Water, Canada's first and only flood insurance product including storm surge that is available to all Canadians even those at highest risk. 55% representation of women on the CEO leadership team (Executive Vice Presidents). Full details of its sustainability, climate and financial performance can be found in Co-operators Integrated Annual Report and its Climate Report. About Co-operators Co–operators is a leading Canadian financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. Co–operators has more than $64 billion in assets under administration and has been providing trusted guidance to Canadians since 1945. The organization is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co–operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co–operators is also ranked as a Corporate Knights' Best 50 Corporate Citizen in Canada. For more information, please visit:
Yahoo
10-06-2025
- Business
- Yahoo
Co-operators moves to Guidewire cloud for claims management
Canadian multi-line insurer Co-operators has migrated its Guidewire ClaimCenter to the Guidewire Cloud Platform, aiming to enhance the company's claims management capabilities. The transition encompasses most of Co-operators' property and casualty (P&C) lines of business across the provinces it operates in. It also includes the transition of its subsidiary, Sovereign Insurance, into the same cloud-based system. This follows the migration of Co-operators' Guidewire PolicyCenter and Guidewire BillingCenter to the Guidewire Cloud Platform earlier in 2023. Co-operators chief information officer and executive vice-president Harry Pickett said: 'This was a multi-year transformation for Co-operators, a successful result of collaboration across our P&C Business and Technology teams and Guidewire. We leveraged our learnings from our previous PolicyCenter and BillingCenter migration to accomplish this modernisation on time and with little disruption to our claims process. 'The full suite on the Guidewire Cloud Platform provides us with more stability and security, and establishes a solid foundation for future enhancements, enabling us to be faster in implementing new features and capabilities that will deliver value to our stakeholders.' The organisation has been a client of Guidewire since 2007. Guidewire professional services head Michael Mahoney stated: 'We congratulate Co-operators on its successful ClaimCenter implementation project on Guidewire Cloud Platform and concluding its full InsuranceSuite migration. We look forward to working with the company to grow its business and continue providing financial security for Canadians and their communities, as it has done for the past 80 years.' Last month, Argentine insurer San Cristóbal Seguros deployed Guidewire InsuranceSuite on Guidewire Cloud. "Co-operators moves to Guidewire cloud for claims management " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
09-06-2025
- Business
- Yahoo
Co-operators Transforms Claims Operations with Guidewire ClaimCenter on Guidewire Cloud Platform
Subsidiary Sovereign Insurance also leveraging ClaimCenter for claims management GUELPH, Ontario & SAN MATEO, Calif., June 09, 2025--(BUSINESS WIRE)--Co-operators, a leading Canadian multi-line insurance and financial services organization, and Guidewire (NYSE: GWRE) announced that Co-operators successfully implemented Guidewire ClaimCenter on Guidewire Cloud Platform to power its claims management functions, adapt to changing market demands, and deliver more value to policyholders. A Guidewire customer since 2007, Co-operators migrated ClaimCenter to Guidewire Cloud Platform simultaneously for most of its property and casualty (P&C) lines of business in the provinces where it operates. The company also extended its ClaimCenter instance on Guidewire Cloud Platform to its subsidiary Sovereign Insurance. Co-operators previously migrated Guidewire PolicyCenter and Guidewire BillingCenter to Guidewire Cloud Platform in 2023. With the conclusion of this project, the majority of the company's P&C Operations are now a full Guidewire InsuranceSuite customer on Guidewire Cloud Platform. "This was a multi-year transformation for Co-operators, a successful result of collaboration across our P&C Business and Technology teams and Guidewire," said Harry Pickett, Executive Vice President and Chief Information Officer at Co-operators. "We leveraged our learnings from our previous PolicyCenter and BillingCenter migration to accomplish this modernization on time and with little disruption to our claims process. The full suite on the Guidewire Cloud Platform provides us with more stability and security, and establishes a solid foundation for future enhancements, enabling us to be faster in implementing new features and capabilities that will deliver value to our stakeholders." "We congratulate Co-operators on its successful ClaimCenter implementation project on Guidewire Cloud Platform and concluding its full InsuranceSuite migration," commented Guidewire Head of Professional Services Michael Mahoney. "We look forward to working with the company to grow its business and continue providing financial security for Canadians and their communities as it's done for the past 80 years." About Co-operators: Proudly Canadian since 1945, Co‑operators is a leading financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. With more than $72 billion in assets under administration, Co‑operators is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co-operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co‑operators is recognized as one of Canada's Top 100 Employers and ranked as one of Corporate Knights' Best 50 Corporate Citizens in Canada. For more information, please visit About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurance brands in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire's trademarks, visit View source version on Contacts Albert LinPublic Relations ManagerGuidewire Software, Inc.+1-415-205-4214allin@ Co-operators Media Relationsmedia@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
09-06-2025
- Business
- Business Wire
Co-operators Transforms Claims Operations with Guidewire ClaimCenter on Guidewire Cloud Platform
GUELPH, Ontario & SAN MATEO, Calif.--(BUSINESS WIRE)-- Co-operators, a leading Canadian multi-line insurance and financial services organization, and Guidewire (NYSE: GWRE) announced that Co-operators successfully implemented Guidewire ClaimCenter on Guidewire Cloud Platform to power its claims management functions, adapt to changing market demands, and deliver more value to policyholders. A Guidewire customer since 2007, Co-operators migrated ClaimCenter to Guidewire Cloud Platform simultaneously for most of its property and casualty (P&C) lines of business in the provinces where it operates. The company also extended its ClaimCenter instance on Guidewire Cloud Platform to its subsidiary Sovereign Insurance. Co-operators previously migrated Guidewire PolicyCenter and Guidewire BillingCenter to Guidewire Cloud Platform in 2023. With the conclusion of this project, the majority of the company's P&C Operations are now a full Guidewire InsuranceSuite customer on Guidewire Cloud Platform. 'This was a multi-year transformation for Co-operators, a successful result of collaboration across our P&C Business and Technology teams and Guidewire,' said Harry Pickett, Executive Vice President and Chief Information Officer at Co-operators. 'We leveraged our learnings from our previous PolicyCenter and BillingCenter migration to accomplish this modernization on time and with little disruption to our claims process. The full suite on the Guidewire Cloud Platform provides us with more stability and security, and establishes a solid foundation for future enhancements, enabling us to be faster in implementing new features and capabilities that will deliver value to our stakeholders.' 'We congratulate Co-operators on its successful ClaimCenter implementation project on Guidewire Cloud Platform and concluding its full InsuranceSuite migration,' commented Guidewire Head of Professional Services Michael Mahoney. 'We look forward to working with the company to grow its business and continue providing financial security for Canadians and their communities as it's done for the past 80 years.' About Co-operators: Proudly Canadian since 1945, Co‑operators is a leading financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. With more than $72 billion in assets under administration, Co‑operators is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co-operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co‑operators is recognized as one of Canada's Top 100 Employers and ranked as one of Corporate Knights' Best 50 Corporate Citizens in Canada. For more information, please visit About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurance brands in 42 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers. We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry's largest R&D team and SI partner ecosystem. Our marketplace represents the largest solution partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation. For more information, please visit and follow us on X (formerly known as Twitter) and LinkedIn. NOTE: For information about Guidewire's trademarks, visit .
