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Company background

ICMIF member organisations

The International Cooperative and Mutual Insurance Federation (ICMIF) is a long established and unique global trade association representing more than 220 cooperative and mutual insurers from over 70 countries worldwide.

ICMIF aims to promote and work with the cooperative and mutual insurance sector globally by being a leader in providing information and services to members, and representing the interests of, the global cooperative and mutual insurance sector.

Initially established in 1922 as the Insurance Committee of the International Cooperative Alliance (ICA) with a view to strengthening collaboration amongst cooperative and mutual insurers, ICMIF has grown over the years, significantly changing direction in 1972. In that year ICMIF formed an independent Secretariat, simultaneously moving away from the ICA. A further strategic review of operations was undertaken by members in 1992 at which time the organisation was significantly restructured in order to align itself more closely with the changing needs of its members, with a focus on delivering business-related services.

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Key facts

  • ICMIF has 219 members in 71 countries with approximately one-third in Europe, a further third in the Americas and the remainder representing Asia and Oceania, Africa and the Middle East
  • ICMIF members represent 5.6% of the world’s insurance market in 2011

  • Premium income of ICMIF members increased by 8.4% in 2011 compared with the previous year
  • Members’ premiums have increased by 30% in the period 2007-2011, well ahead of the total market which only grew by 11%

Governance structure

The ICMIF Secretariat is based in the UK and supported by regional association staff in Tokyo and Washington. The Secretariat’s activities are governed by a Board of Directors and specialist committees comprised of executives drawn from ICMIF’s member organisations.

Download Board Profiles (English) (pdf, 634.92 kB)
Download Board Profiles (Spanish) (pdf, 636.27 kB)
Download Board Profiles (French) (pdf, 639.19 kB)

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Member services

Biennial conference
Held every two years, this event brings together the sector’s industry leaders to discuss, debate and share new strategies and opportunities.

Meeting of Reinsurance Officials (MORO)
A unique 3-day reinsurance conference for cooperative and mutual insurers.

Other events
Topical workshops, training and networking events developed specifically for ICMIF members, including the Latin American Reinsurance Group.

Publications and reports
A variety of regular publications and business insight reports about the cooperative and mutual sector.

Training
Specialised training courses for cooperative and mutual insurers, including the Advanced Management Course.

Development and capital
ICMIF has assisted with setting up over 25 new insurers since 1963.

Takaful
Insurance provision for the Islamic faith, takaful insurance, is one of the fastest growth areas in insurance and ICMIF has been at the forefront of its development.

Online services
The ICMIF web site keeps members informed with regularly updated news stories, topical and insightful blogs, video interviews and a niche online community.

Key contacts

Shaun Tarbuck
Chief Executive

Shaun Tarbuck

Shaun Tarbuck was appointed Chief Executive of ICMIF in 2005, 10 years after joining the organisation. Shaun is a regular conference speaker on strategic issues affecting the mutual/cooperative insurance sector; has written a number of articles and been involved in several research projects about the value that mutuals/cooperatives bring to the insurance market. He is President of Allnations Inc, a US-based capital support vehicle for ICMIF’s developing members and a Board member of Regis Mutual Management, a company which focuses on the set up of new mutual insurers.

He set up the UK mutual trade association, AMI, and was its Chief Executive from 2004 to 2009 when it merged to form AFM. He was a director of AMICE from 2008-2009 and was instrumental in bringing about the existence of AMICE through the merger of ACME and AISAM.

Shaun qualified as a chartered accountant in 1987 in Liverpool. He worked for Coopers & Lybrand in Bermuda for three years to 1990, managing a department dealing with insurance, reinsurance, mutual funds and trusts in the US, Canada and UK. On returning to the UK in 1990 he then worked in corporate finance for Stoy Haywood chartered accountants before moving to Templeton Life Assurance as Finance Director in 1991. In 1994 he set up his own financial and consultancy practice, before joining ICMIF in March 1995 as Vice-President, Membership and Finance.

Liz Green
Senior Vice-President, Communications

Liz Green

Liz Green joined ICMIF as Senior Vice-President, Communications in 2012. She was previously Head of Corporate Affairs for Royal Liver Group where she headed an award-winning team, working with key stakeholders to successfully transform delegate and employee engagement and communications strategies. During her term as Deputy Chair of AMI she led the development of the mutual sector’s CSR programme, ‘Fun to Save’, which focused on financial education in primary schools in addition to Royal Liver’s multi-award winning primary school financial education resource, ‘A Bird’s Eye View’.

Liz is a Neuro Linguistic Programming (NLP) Certified Practitioner and is currently working toward Master Practitioner status.

 

Sabbir Patel
Senior Vice-President & CFO

Sabbir Patel

Sabbir joined ICMIF in 1996 and qualified as a chartered certified account (FCCA) in 2001. In 2002 he completed his Masters degree at the Institute of Development and Policy Management (IDPM) and holds a CII Diploma. As well as the finance department he is responsible for the ICMIF Development function (www.microinsurance.coop) and works closely with new/emerging member organisations providing technical assistance, regular newsletters and an annual microinsurance workshop.

As Vice-President and Treasurer of Allnations Inc (www.allnations.coop) he has overseen the restructuring of the organisation since 2004 and provided capital support to members in Uruguay, Ecuador and Ghana.

In addition Sabbir is spearheading the Federations support to the Takaful (Islamic Insurance) sector since 2001, setting up the ICMIF Takaful web site www.takaful.coop, Takaful newsletter, annual workshop and assisting the establishment of cooperative based Takaful schemes in developing and developed insurance markets, as a result ICMIF now has twenty-one Takaful operators as member organisations.

Faye Lageu
Vice-President, Head of Shared Intelligence, ICMIF

Faye joined ICMIF in 1995, and is Vice-President Shared Intelligence. She has been leading ICMIF’s sustainability work, including two global research reports, over the last six years. She holds an MBA from Nottingham University Business School, with specializations in insurance, sustainability and corporate governance; and is an Associate of the Chartered Insurance Institute.