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Corporate Profile
Corporate Goals, Measures and Strategies |
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| GOAL 5 |
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Retained Earnings and Rate Stabilization Reserve will be maintained within
established target levels.
Strategies
| 5.1 |
To maintain financial stability by setting appropriate premium rates, strengthening investment income and maintaining retained earnings and Rate Stabilization Reserve within established target levels. |
| 5.2 |
To continuously identify and assess the likelihood and magnitude of potential risks and act explicitly to avoid and mitigate such risks. |
| 5.3 |
To develop business strategies to ensure competitive lines of business are profitable and contribute to the benefit of all Manitobans. |
| 5.4 |
To assess corporate financial risk in keeping with industry standards and establish appropriate retained earnings and Rate Stabilization Reserve target levels for each line of business. |
Measures |
Basic Rate Stabilization Reserve |
Extension Retained Earnings |
SRE Retained Earnings |
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| GOAL 6 |
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Manitoba Public Insurance will offer an environment and career opportunities
that will encourage employees to strive for excellence. Our people will be
treated with respect and fairness and their contributions will be recognized.
Strategies
| 6.1 |
To foster a culture accepting of diversity. To attract, recruit, train, and motivate target group candidates throughout the corporation. To build positive relationships within the Aboriginal community and to encourage employee involvement in this endeavour. To remove systemic barriers that might impede our progress toward these goals. |
| 6.2 |
To continue to respond to the issues raised by our employees. Particular emphasis will be given to providing clear direction and fostering a management style that reflects our values and supports employee commitment to the organization. |
Measure
Level of employee satisfaction |
| 6.3 |
To use change management strategies that ensure communication, education and employee training support and facilitate business change. |
| 6.4 |
To ensure employees are provided with effective, informative and timely two-way communication. |
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| GOAL 7 |
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Manitoba Public Insurance will lead driver and vehicle safety initiatives
that reduce risk and protect Manitobans, their streets and their neighbourhoods.
Manitobans will recognize the corporation is living its mission.
Strategies
| 7.1 |
To ensure Manitobans meet and continue to maintain established standards of knowledge, skill and behaviour to gain access to Manitoba roads. |
| 7.2 |
To ensure vehicles and vehicle repairs meet provincial standards of mechanical soundness. |
Measure |
| 7.3 |
To develop strategies and initiatives that support continuous vehicle and driver performance monitoring to ensure Manitoba roads remain safe for everyone. |
Public support for road safety |
| 7.4 |
To develop a clear and understandable method to reward good drivers and ensure that individuals pay insurance rates that reflect the risk they represent on the road. |
| 7.5 |
To develop and manage education and awareness initiatives based on factors that contribute to automobile accidents and the actions Manitobans can take to prevent them. |
| 7.6 |
To partner with community groups across Manitoba supporting community-based initiatives that increase road safety awareness and education opportunities. |
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