For nearly ten years now, we have been pursuing the same
strategy and it has borne fruit. Our financial results and the
persistency rate for our business show this eloquently. However,
society and the environment are evolving and our strategy
must also be adapted.
In the coming years, we believe this strategy will hold up,
but we are convinced that new possibilities for growth are also
available through not-traditional networks, in particular in the
business-to-business sector. We will thus seek to develop these
networks by setting up various partnerships.
« It is obvious that if insurers continue
pursuing their development through traditional
distribution networks, they will increasingly
have to compete for a smaller segment of the
population, i.e. people with higher incomes.
This strategic orientation will leave more and
more people on their own with regard to
meeting their life insurance needs.
We believe this situation offers valuable
potential as we can respond efficiently to the
expectations of this clientele.
That is why we have set ourselves apart in
the life insurance industry by adopting an
innovative approach.
We feel we are making the right choice in
focusing on direct communication with our
customers. That is how we can make quality
insurance products available to the public
at large. »
Gaëtan Gagné
Chairman and Chief Executive Officer