Latest News

Friday, 16 February 2018

The Centre for Agriculture and Rural Development Mutual Benefit Association (CARD MBA) has announced that over 50,000 of their members were affected by tropical storm Urduja and typhoon Vinta, both of which hit the Philippines in December 2017.

CARD MBA, the insurance arm of microfinance leader CARD Mutually Reinforcing Institutions (CARD MRI) and a Philippine-based member of the International Cooperative and Mutual Insurance Federation (ICMIF), also reported nearly USD 350,000 (PHP 18 million) of disaster aid was provided to victims by CARD MRI.

Natural disasters Urduja and Vinta (known globally as Kai-tak and Tembin,...

Friday, 16 February 2018

In the recent Forrester Customer Advocacy 2017: How Advocating For Customers Helps Financial Firms Drive Loyalty report member-owned and mutual insurers dominate the top of customer advocacy rankings for insurance companies in the USA. ICMIF member Thrivent Financial was ranked second in the report.

The report found that member-owned insurers dominated the top of the insurance rankings. Five of the top seven insurers for customer advocacy in the report are member-owned firms: ICMIF member Thrivent Financial, AAA, Amica, Massachusetts Mutual Life Insurance (MassMutual) and USAA. The report states that as these organisations are free...

Thursday, 15 February 2018

NFU Mutual is a UK-based member of the International Cooperative and Mutual Insurance Federation (ICMIF). The insurer offers a wide range of products, including general insurance, life, pensions, investments and risk management services, delivered through an agency network, as well as through a direct sales and service centre. With over 300 offices located in rural towns and villages throughout the UK, NFU Mutual is very much part of rural life in the UK and is committed to serving the needs of people who visit, live or work in the countryside.

Rising concern over the continuing high level of fatal and life-changing injury...

Tuesday, 13 February 2018

Swedish member of the International Cooperative and Mutual Insurance Federation (ICMIF), The Folksam Group, has acquired bonds issued by the World Bank (IBRD) in a private placement to a value of USD 350 million. Through this investment The Folksam Group aims to highlight the United Nations’ 17 Sustainable Development Goals (SDGs) with particular emphasis on four of them.

“Working for a sustainable world is at the core of The Folksam Group’s values. The 17 SDGs constitute a solid foundation for achieving sustainable development within business and society. While we support all 17 SDGs, through engagement with our clients, we have...

Friday, 09 February 2018

The theme for the 2018 International Day of Co-operatives (Saturday 7 July) was confirmed earlier this year as "sustainable consumption and production of goods and services". The aim is that the theme will give cooperatives the opportunity to show how they run successful businesses while still respecting the natural environment and the resources it offers.

With "sustainable consumption and production of goods and services" as the day’s theme in mind, cooperators from around the world were invited to participate in selecting the #CoopsDay slogan through a week’s campaign on social media. The vote closed yesterday, Thursday 8...

Wednesday, 07 February 2018

Canadian member of the International Cooperative and Mutual Insurance Federation (ICMIF), The Co-operators, last month announced a redesign of its employee mental health benefits, increasing coverage for employees to CAD $5,000 per year per family member and also expanding the number of eligible practitioners beyond psychologists and social workers to include family therapists, clinical counsellors and psychotherapists.

"The facts are compelling," explains Rob Wesseling, President and CEO, The Co-operators. "We know that one in five Canadians will experience a psychological health problem or illness in any given year, making mental...

Wednesday, 31 January 2018

CyberScout, a Supporting Member of the International Cooperative and Mutual Insurance Federation (ICMIF) is taking its sixth annual cyber security and privacy event the Privacy XChange Forum (PxF6) to Lisbon (Portugal) - and ICMIF members are invited.

The Privacy Xchange Forum - PxF6 will be CyberScout’s first international event and it will take place from 30 April to 1 May 2018 at the Four Seasons Hotel Ritz Lisbon with the theme “Connect, Transform, Lead”. ICMIF member companies are invited to join CyberScout and other leading cyber security and privacy experts to look at ways to “Connect, Transform and Lead” the discussion...

Wednesday, 31 January 2018

The UK based member of the International Cooperative and Mutual Insurance Federation (ICMIF) Co-op Insurance has this week entered the UK travel insurance market, seeking to disrupt the sector by offering a new product which, it says, has been shaped by its members. The new travel insurance product offers cashless medical expenses, for all ages and medical conditions, meaning customers will not have to pay out themselves for any medical treatment – a first for the UK general insurance market.

Before launching the product the Co-op carried out a study which revealed that two thirds (62%) of British holidaymakers who have claimed on...

Wednesday, 31 January 2018

ICMIF member NTUC Income (Income) has staked its claim its lead as a digital health insurer in Singapore as the company is the first to offer Integrated Shield Plan (IP) digitally this month via the online portal, healthinsurance.income.com.sg. Income says this marks a milestone in the organisation’s transformation into a digital insurance offering in Singapore. Income is moving towards the digitalisation of its business in a bid to offer customers choice, 24/7 accessibility to insurance and a seamless consumer journey in today’s highly agile business landscape.

Integrated Shield Plans (IPs) are private insurance plans for...

Tuesday, 30 January 2018

Achmea, a Netherlands-based member of the International Cooperative and Mutual Insurance Federation (ICMIF), has agreed to send three members of staff on secondment to India over the next few months to assist with ICMIF’s 5-5-5 Mutual Microinsurance Strategy. Two employees will provide technical assistance to Uplift Mutuals (India), and the third will provide technical assistance to DHAN Foundation (also India).

ICMIF’s 5-5-5 Mutual Microinsurance Strategy is a five year project based in five emerging market countries (Colombia, India, Kenya, the Philippines, and Sri Lanka) which aims to provide five million households with...

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