To be the industry leader, offering affordable insurance solutions, serving producers of the Canadian regulated poultry industry.
Prior to CEIRA’s establishment, insurance for the presence of Salmonella enteriditis (SE) was not readily available or affordable in Canada. SE is a bacteria that can be found in a variety of food products, including fresh eggs. In order to reduce the risk, Egg Farmers of Canada (EFC) have an SE surveillance framework on all regulated egg farms in Canada, in order to identify the presence of the SE bacteria prior to eggs making their way to the consumer.
The Federal Health of Animals Act provides partial compensation for losses for federally reported diseases such as Avian influenza (AI). Producers are aware that they are not fully covered for losses in an AI occurrence and have adopted the SE model for existing AI risk exposure.
CEIRA issued its first SE policies on August 1, 2011, and its first AI policies on September 1, 2018. By banding together, regulated egg supply chain producers now have accessible insurance to manage their business risk against SE and AI.
A reciprocal insurance exchange is defined as an unincorporated group of individuals and/or corporations who, as members, agree to exchange contracts of insurance (policies) and share their homogenous risks among the group.