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Management Discussion & Analysis: Annual Report 2003
     
 

Corporate Goals, Measures and Strategies
Manitoba Public Insurance strives to achieve seven broad corporate goals. Expected outcomes are measured and five-year key strategies have been developed to reflect and address the current realities of the corporation’s marketplace and to meet various stakeholder expectations and obligations. Several of the strategies, while presented in support of a particular corporate goal, also support other corporate goals. Manitoba Public Insurance’s corporate goals, measures and strategies are as follows:

 
     
   
  1. Goal:
Universally available mandatory protection against the cost of automobile accidents. Rates, on average, will be lower than those charged by private insurance companies for comparable coverage and service.
Rates based on: 2002 Ford Taurus SE 4-door • 45-year-old driver • Six years claim-free driving • All-purpose use • $200 deductible • $1m third-party liability. Comparison provided by Runzheimer Canada. Rates as of June 12, 2003.
  Rate Comparison Chart  
   
     Measure: Among the lowest rates in Canada  
           
   

Strategies:
Basic automobile insurance—to continue to ensure that the basic, compulsory program meets the needs of Manitoba motorists for affordable, accessible and comprehensive coverage.

To keep all controllable costs at their lowest possible level through continuous focus on savings in claims and operating costs.

To improve the efficiency and convenience of Manitoba Public Insurance’s distribution and service network by reducing or eliminating low value transactions.

To reduce corporate costs by improving the corporation’s influence and buying power to ensure service providers are as efficient as possible while keeping customers’ needs in mind.

To the maximum extent possible, leverage synergies offered by strategic partners that are mutually beneficial, improve customer service and reduce costs.

To increase the percentage of revenue which is derived from investment income while remaining within acceptable investment risk profiles.

To create and maintain an information technology environment which is sufficiently efficient, adaptable, expandable and current to capitalize on opportunities to improve customer service or reduce costs.

 
     
   
Printable (PDF) version of 2003 Annual Report: Management Discussion & Analysis Download the entire 2003 Annual Report www.mpi.mb.ca Copyright 2004