Press releases

Friday, 20 October 2017

London, UK, 20 October 2017: The International Cooperative and Mutual Insurance Federation (ICMIF) today announced preliminary finding from their 2016 Global Mutual Market Share research. These findings confirmed the growing social impact of mutual and cooperative insurance in 2016.

Cooperative and mutual insurers have consistently increased their policyholder numbers since 2012.

During its Biennial Conference held in London this week, ICMIF told the 350 delegates from 37 countries that 990m policyholders now have mutual/cooperative insurance products, an increase of 2m since the previous year and an overall increase of...

Thursday, 19 October 2017

London, UK, Wednesday 19 October 2017 - This week, the International Cooperative and Mutual Insurance Federation (ICMIF) welcomed more than 360 delegates from 37 countries to attend the 2017 Biennial Conference: Redesigning Insurance at the Hilton London Bankside Hotel, UK (17-20 October).

Of those delegates, 55 are young leaders, deemed by their organisation to be the mutual and cooperative insurance leaders of the future. This is the first time that ICMIF has organised a Young Leader Programme (for delegates generally aged between 18 and 35) with a special programme of activities focused on developing this next generation of...

Friday, 13 October 2017

Manchester, 13.10.2017 - The UK mutual insurance sector continued to outperform the rest of the UK insurance market in 2016, according to the latest financial research from the International Cooperative and Mutual Insurance Federation (ICMIF).

The Market InSights: UK 2016 report will be officially launched next week at ICMIF’s Biennial Conference in London, attended by more than 350 delegates from 147 organisations and 37 countries.

The report shows that the UK mutual sector reported a post-crisis record level of insurance premiums of GBP 19.6 billion in 2016, representing an increase of almost 10% from the previous year (...

Wednesday, 20 September 2017

The global mutual and cooperative insurance community, represented by the International Cooperative and Mutual Insurance Federation (ICMIF), and the European mutual and cooperatives sector, represented by the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE), welcomes the application paper issued yesterday by the International Association of Insurance Supervisors (IAIS) on the regulation and supervision of mutuals, cooperatives and community-based organisations (MCCOs). The paper represents an important step forward in recognising that different types of insurers need to be regulated in a way which is appropriate...

Monday, 17 July 2017

Manchester, UK, Monday 17 July 2017: A first-of-its-kind report on mutual and cooperative microinsurance in India entitled The missing chapter of microinsurance in India: a diagnostic of mutuals has today been published by the International Cooperative and Mutual Insurance Federation (ICMIF) and Insurance Institute of India (III). This country diagnostic study was conducted as part of the ICMIF’s 5-5-5 Mutual Microinsurance Strategy. The 5-5-5 Strategy aims to provide mutual microinsurance solutions to 5 million low-income households, in five emerging markets (India, Philippines, Kenya, Colombia and Sri Lanka) over the next five years. It...

Friday, 30 June 2017

Manchester, UK, Friday 30 June 2017: In 2017 the International Day of Cooperatives will be celebrated on Saturday 1 July with the theme “Cooperatives ensure no one is left behind”.

Shaun Tarbuck, Chief Executive of the International Cooperative and Mutual Insurance Federation (ICMIF – the insurance sectoral body of the ICA) says: “Around the world cooperatives are helping to reduce inequality by empowering people and by offering them a dignified and sustainable way to make a living. The size and impact of the cooperative (and mutual) sector should not be underestimated. Our Global Mutual Market Share research shows that the social...

Tuesday, 13 June 2017

Manchester, UK, Tuesday 13 June 2017: Mutual and cooperative insurers wrote a record EUR 406 billion (USD 453.8 billion) in premiums in 2015 and claimed more than 31% of the total insurance market in Europe, according to a report published today by the International Cooperative and Mutual Insurance Federation (ICMIF).

The Market InSights: Europe 2015 report, was launched by ICMIF’s European association, the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE), at its Annual General Meeting in Brussels last week.

The report shows that mutual and cooperative insurers in the European Union (EU):

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Thursday, 25 May 2017

Manchester, UK, Thursday 25 May 2017: Shaun Tarbuck, Chief Executive of the International Cooperative and Mutual Insurance Federation (ICMIF) yesterday addressed the Risk Transfer and Insurance for Resilience Working Session at the Global Platform for Disaster Risk Reduction (Global Platform) in Cancun, Mexico. Both the Sendai Agreement and the 2030 Agenda, he said, demanded greater collaboration among stakeholders and provided the insurance sector with a new impetus to help balance the practice of post-disaster financing with increased focus on disaster risk reduction.

The Global Platform has been organised by the United Nations...

Wednesday, 15 March 2017

Recent research carried out by the International Cooperative and Mutual Insurance Federation (ICMIF) on gender diversity at board, CEO and senior management level demonstrates that cooperative and mutual insurers – and particularly ICMIF member organisations – are leading the way in diversity. More and more women are leading mutual and cooperative insurers and playing a key role in growing the insurance sector globally.

The latest edition of the ICMIF Members’ Governancereport noted that the percentage of women on the boards of directors of mutual and cooperative insurers rose to 20.6% in 2015, compared to an insurance industry...