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Gore Mutual’s transformation plan brings strong year-end results for 2021

As we approach the completion of the “Next Horizon” transformation strategy first announced in 2020, the insurer’s annual performance will be strong. Gore Mutual has set the goal of transforming from a medium-sized regional carrier to a national insurer. Leverage best-in-class technology and operational models.

read more: Gore Mutual’s “Next Horizon” conversion is almost complete

“2021 was an important year for accelerating the transformation of Next Horizon and achieving strong growth and profitability,” said Andy Taylor, CEO of Gore Mutual. “Looking forward, we will complete the basic stages of transformation and maintain the pace of growth by the end of 2022.”

Lindsay Monk, Chief Financial Officer of Gore Mutual, said: “All the decisions and investments we make are fixed in the long-term interests of our clients, broker partners, and communities.”

Paul Jackson, Chief Operating Officer of Gore Mutual, said: “By 2022, we expect new commercial insurance operating models, higher pricing agility, and new product offerings.”

Gore Mutual also announced that it will join other Canadian insurance companies that have contributed to relief efforts to help those affected by the Ukrainian conflict and will donate $ 50,000 to the Canadian Red Cross Ukraine Humanitarian Crisis Appeal.

read more: Russia-Ukraine Conflict-Canada Insurance Company Donates to Relief Operations

“This week was a tough week. We are aware of the impact of Ukraine’s increasingly dire situation on many individuals and communities in regions, countries and the world,” Taylor said. “We are, as always, by our employees, customers, broker partners and communities when we need them. This is one such example. Our thoughts and hearts are this very It is in everyone who is experiencing loss and pain during difficult times. “

Gore Mutual’s transformation plan brings strong year-end results for 2021

Source link Gore Mutual’s transformation plan brings strong year-end results for 2021

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