The Canadian Universities Reciprocal Insurance Exchange (CURIE) is dedicated to securing long-term, stable and economical property and casualty insurance coverage in response to the general and unique requirements of universities. CURIE provides that its subscribers exchange reciprocal contracts of indemnity for certain classes of risk.

The major objectives of CURIE are:

• to provide subscribers with broad and appropriate coverage;

• to provide subscribers with increased control over their insurance expenditure through an insurance facility owned and managed by its subscribers;

• to develop and maintain a strong emphasis on risk management;

• to establish and maintain equitable subscriber premiums;

• to fund the reciprocal to a level sufficient to pay anticipated liabilities using sound actuarial principles;

• to invest CURIE funds in a prudent manner;

• to handle claims in a fair and efficient manner.