The "Supporting Member" category of membership is open to suppliers to the insurance sector who acknowledge the unique nature of ICMIF member organizations and who wish to work in partnership with the Federation and its members to help grow and advance the mutual and cooperative insurance sector. We offer Supporting Membership to suppliers which are important to the insurance industry.
Current ICMIF Supporting Members (by category) are:
Sadly the business world is growing ever more short term in its outlook. In contrast to mutuals, conventional for profit insurers today are controlled by financial types rather than those committed to more traditional values. Time horizons have shortened, commitments reneged on and standards have dropped. Analysts induce instant gratification and top line growth, and underwriting continuity is undermined
In this environment it is easier for career executives to withdraw from difficult classes than build long term solutions as mutuals do. Unbridled competition is a very real issue,...
A.M. Best Company is the oldest and most widely recognized rating agency dedicated to the insurance industry with over 3,500 ratings in approximately 80 countries worldwide.
A.M. Best currently rates more than 300 mutuals, and other types of companies that are not shareholder owned, including fraternal benefit societies, reciprocals, protection and indemnity clubs and not-for-profit insurers.
Unlike other rating agencies that may focus only on mutual insurers of a certain size, A.M. Best provides ratings to mutuals of many different sizes, giving our analytical team a deeper...