Latest News

Wednesday, 16 October 2019

ICMIF member, The Association of Financial Mutuals (AFM), a UK-based trade association which represents mutual and friendly insurers, announced yesterday that it has appointed Jane Nelson, Chief Executive of the Oddfellows as its new chair. The announcement was made at the AFM’s annual general meeting which took place during the association’s 2019 Conference.

Nelson replaces Andy Chapman, Chairman at The Exeter. Chapman had been Chair of the AFM since 2016. Nelson was previously Vice Chair of the AFM.

The Oddfellows is one of the largest and oldest friendly societies in the UK, with over 310,000 members across 124...

Thursday, 10 October 2019

ICMIF member CARD Mutual Benefit Association (CARD MBA, the Philippines) last month celebrated its 20th anniversary of empowering and giving hope to Filipino families through microinsurance in an event which took place on 6 September 2019 in San Pablo City, Laguna.

The anniversary was attended by Insurance Commissioner Dennis B. Funa (7th from left) and RIMANSI Executive Director Junjay E. Perez (2nd from left). RIMANSI is an association of 18 Microinsurance Mutual Benefit Associations (Mi-MBAs) which are mutual entities licenced to deliver microinsurance in the Philippines.

During the celebration, Insurance...

Monday, 07 October 2019

Este año se celebra el 40º aniversario de la ICMIF/Américas, la asociación regional de las Américas de la Federación Internacional de Cooperativas y Mutuales de Seguros (ICMIF). Fundada en 1979 por la ICMIF con 11 organizaciones miembros en tres países, hoy en día, la ICMIF/Américas representa a 61 organizaciones miembros en 19 países de América del Norte, Central y del Sur y el Caribe.

Para celebrar el 40º aniversario de la asociación, la ICMIF/Américas ha publicado hoy nuevos datos exclusivos sobre el desempeño de la región de las Américas en una infografía que muestra la solidaridad y colaboración de sus organizaciones miembros...

Monday, 07 October 2019

This year marks the 40th anniversary of ICMIF/Americas, the Americas' regional association of the International Cooperative and Mutual Insurance Federation (ICMIF). Founded in 1979 by ICMIF with 11 member organizations in three countries, today, ICMIF/Americas represents 61 member organizations in 19 countries throughout North, Central and South America and the Caribbean.

To celebrate the 40th year of the association, ICMIF/Americas has today published exclusive new data on the performance of the Americas region in an infographic which showcases the solidarity and collaboration of its member organizations there. Collectively, ICMIF...

Friday, 04 October 2019

ICMIF Supporting Member CyberScout, an industry leader in cyber insurance, data security, and identity theft protection, has been named 2019 Cyber Risk Service Provider of the Year by The Insurance Insider in the news organization's annual Cyber Rankings Awards.

The Insurance Insider serves the London insurance market and is a global source for news on the topic of global wholesale and specialty insurance and re-insurance. CyberScout says that the Cyber Rankings Award, announced at a ceremony in London (UK) this week, reinforces the organisation’s role as a global leader in the area of cyber insurance....

Friday, 04 October 2019

This week, Duuo, a digital insurance brand created by ICMIF member The Co-operators (Canada), announced the launch of Rent-my-Stuff Insurance, Canada's first on-demand digital insurance for peer-to-peer sharing platforms. Now available through Traveling Munchkin, a Canadian platform that allows parents to find and rent baby gear from local families, Rent-my-Stuff Insurance provides protection for peer-to-peer rental specific damages and losses.

Duuo says this development reflects its continued commitment to creating innovative insurance products that fit the needs of Canadians participating in a fast-paced and ever-changing...

Wednesday, 02 October 2019

Kokumin Kyosai co-op, one of ICMIF’s members in Japan has recently welcomed a new President of the organization, Mr Masami Hirota.

Mr Hirota is President and Chairman of the Board of Directors of Kokumin Kyosai co-op (National Federation of Workers and Consumers Kyosai Cooperatives, formerly known as Zenrosai or the National Federation of Workers and Consumers Insurance Cooperatives until 1 June 2019 when the organization rebranded itself). Based on the cooperative principle, Kokumin Kyosai co-op provides mutual help using insurance system called “Kyosai” in Japanese for its members. It was established in 1957 and has mainly been...

Tuesday, 01 October 2019

Today, Dutch ICMIF member Achmea has officially launched the Achmea Innovation Fund. This investment fund will provide growth capital to promising tech and other businesses, operating in Achmea’s strategic domains: health, mobility, living environments and financial solutions for now, tomorrow and later. The initial size of the fund is €100 million. The Achmea Innovation Fund focuses on promising, fast-growing start-ups and scale-ups, often based on emerging technologies in the Fintech and Insurtech sectors. The fund aims to invest in businesses with a proven product market combination (PMC) that are part of insurance-related ecosystems...

Tuesday, 01 October 2019

Speaking at the annual conference of the National Association of Mutual Insurance Companies (NAMIC, an ICMIF member), Andrea Keenan, Senior Managing Director, Strategy & Communications, AM Best, said mutual insurance companies have a built-in attraction for new talent because they are value-based organizations. Keenan spoke with AM BestTV at the NAMIC conference held in National Harbor, Maryland (USA) last week.

In the interview Keenan was asked why mutuals are so important to the fabric of society. In her reply she said: “Mutual companies are about people who get together for some sort of reason, whether it’s through beliefs,...

Monday, 30 September 2019

The Movement for Good awards, set up by specialist insurer and ICMIF member Ecclesiastical (UK), have seen a total of £1million given to charities across Great Britain this summer. Five hundred charities have already been awarded donations of £1,000 and now 10 charitable organisations will benefit from £50,000 grants.

Each of the £50,000 awards are designed to help charities take innovative projects to the next level in the fields of education, skills, arts, culture and heritage, as well as citizenship or community development. Full list of charities provided below.

In total, 98,000 people supported the Movement for Good...