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Tuesday, 12 April 2016

The ICMIF Intelligence Committee (IC) will be meeting again in a few weeks at P&V’s headquarters in Brussels, Belgium.  We will be kindly hosted by IC member Philippe de Ridder, Strategic Planning & Intelligence Manager, and P&V Group CEO Hilde Vernaillen, known to many of you already as an ICMIF Board member and President of the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE).

The IC meetings are always invigorating for me because they give me a chance to engage with peers from around the world who bring the considerable ingenuity and passion of their mutual and cooperative insurance...

Friday, 18 March 2016

Many years ago, when there was no such thing as Generation Y, X or even Z a father gave his son some advice as he was about to leave the family home: “The time has come for you to leave home and my advice to you is to remember three things: use cooperative banks, visit cooperative shops and put your trust in mutual insurance companies.” Life was simple then, the son trusted his father’s advice and the family tradition of using mutual and cooperative businesses was carried on to the next generation easily. Upon the father’s recommendations, the mutual values that were so important to the family were passed on from one generation to the...

Monday, 07 March 2016

Is your business successfully engaging with the global economy’s new powerhouse?

I am referring, of course, to the growing phenomenon that is Generation Y – those born between 1980-2000 – who now control an estimated USD 200 billion of direct purchasing power. Generation Y, also known as Gen Y, has become the largest demographic group in history and is now dominating workforces in most continents.

But according to delegates attending the ICMIF Biennial Conference 2015 in Minneapolis (USA) many ICMIF member organizations say they feel unprepared for engaging with this “tech-savvy”, fast-paced and often cynical market....

Wednesday, 17 February 2016

When it comes to leadership, the business model and objectives of a company play an important role in determining the most appropriate leadership style for the organization. For example, leadership in a mutual company is inherently different to that of a company with shareholders and thus requires a unique approach.  

In the shareholder model, the company has shareholders who make a conscious decision to buy or sell shares in the company. If the company is successful the share price goes up. However, if things go badly, or the shareholders do not like what is being done by the company, the shareholders have the option to simply...

Thursday, 04 February 2016

I was recently asked to write this blog on behalf of ICMIF’s Intelligence Committee (IC) and pleased to take up the challenge. I was delighted to have been elected as Chair of the Committee last November and also to now have this opportunity to tell ICMIF members about the great work that the IC does. When thinking about the blog, however, I did wonder about how many ICMIF members know that ICMIF has an Intelligence Committee, why we meet, what we discuss and then what happens with that information?

The goal of the IC is ultimately to help ICMIF members advance their thinking by identifying important trends and areas for IC members...

Friday, 22 January 2016

China, one of the largest and the fastest growing of the insurance markets, grew by 188% in the last seven years, by catering mostly for the needs of its middle class and High Net Worth (HNW) individuals. But what about the needs of the county’s billion-plus other citizens? Well, following my recent trip to Beijing I have returned with good news….

In February 2015 the Chinese Government passed a new law allowing the set-up of mutual insurers.  It is great news for the global mutual sector that the fourth largest insurance market is now permitting mutuals to be established. I was visiting China to speak at a one day training seminar...

Friday, 08 January 2016

The ICMIF Biennial Conference 2015 opened with an insightful view of the future for insurance from keynote speaker Mike Pritula, Director, McKinsey & Company (USA).

When we invited Mike Pritula to be our 2015 Conference keynote speaker, we asked him to speak about responsible capitalism. We knew that, because of Mike’s extensive global experience dealing with McKinsey & Company’s insurance clients, he would deliver some great insights on the role of the insurance industry, and how he thinks it will look in the mid-term. More importantly, we also knew he would highlight both the opportunities and the challenges for ICMIF...

Monday, 21 December 2015

As we get closer to the end of the year and, for many, a Christmas break, our minds naturally turn to reviewing our achievements during the year, reflecting on the successes, the challenges and for the more enlightened the not so successful parts.  We at ICMIF are no different and collectively we will reflect as a group this week in order to then build towards the new challenges of the coming year.

From our point of view, as your global association, 2015 has been a superb year for ICMIF.  If you had told me what great results we would have achieved by the end of this year back in January 2015 I would scarcely have believed it might...

Thursday, 10 December 2015

The Climate Change Summit (COP21) in Paris has indeed been a landmark event for the insurance sector, for the International Cooperative and Mutual Insurance Federation (ICMIF) and our members. Not only were the several initiatives I will share with you below received with great enthusiasm by those present but we were also able to announce them in speeches which took place on the most significant stages of the COP21 Conference. Our sector therefore enjoyed an extremely high profile.  It was indeed an historic few days, which is why I wanted to share this with you all now.

The insurance sector is one of the largest industries in the...

Friday, 20 November 2015

Attending the B20/G20 Summit in Antalya, Turkey last weekend was a fantastic experience in more ways than one. I was there with a delegation of cooperative and mutual leaders following our work with the B20 Taskforce for Financing Growth which we have been involved with since 2014. This was the first time that B20 taskforce members were to come together at the same time as the G20 leaders would also be meeting so we were excited to see who would be attending. Representing the mutual and cooperative sector were: Monique F. Leroux, newly elected President of the International Co-operative Alliance (ICA); Chuck Gould, Secretary General of...

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