Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

Folksam begins collaboration with pregnancy app to offer child and pregnancy insurance to its users

Through a new collaboration with one of the market-leading pregnancy apps, Swedish ICMIF member Folksam hopes to increase the number of children across the country that are protected by insurance. Within the framework of the new collaboration with Preggers, users of the pregnancy app will be directly offered information and the opportunity to take out […]

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Desjardins accelerates growth across Canada with strategic acquisition of leading insurance distribution network

Transaction will strengthen Desjardins in life insurance and wealth management sectors and accelerate its growth strategy for the broader Canadian market. Desjardins is committed to maintaining the independence of advisors and intends to retain the management and employees of the acquired companies. Canadian ICMIF member Desjardins Group today announced that it has entered into definitive […]

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Promutuel Insurance and its employees raise record amount to support people in need

Thanks to the generosity and solidarity of employees at its head office, Canadian ICMIF member Promutuel Insurance is proud to announce that its latest Centraide workplace campaign has raised a record CAD 68,419.46 in direct donations. At a time when community organisations everywhere are under pressure to do more for more people, Promutuel Insurance decided […]

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UK mutual and cooperative insurers significantly outperformed their peers in the total UK insurance market in 2021

UK mutual and cooperative insurers significantly outperformed their counterparts in the total UK insurance market in 2021, according to the International Cooperative and Mutual Insurance Federation’s latest UK Market InSights, a joint report by ICMIF and the Association of Financial Mutuals (AFM). The sector saw annual growth of 17.1% in FY 2021, compared to total […]

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New Best’s Commentary: Impact of rising interest rates on insurers’ balance sheets will depend on accounting methods

Dramatic increases in interest rates worldwide have significantly affected the balance sheets of some insurers at midyear 2022; in particular, according to a recently published Best’s Commentary from ICMIF Supporting Member AM Best. Insurers using a market-value approach on their balance sheets saw significant declines in available capital. The Best’s Commentary, Impact of rising interest […]

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The winners of the ICMIF EUR 10,000 Young Scholar Award have been announced

Earlier this year, ICMIF announced that it had established a new bursary award of EUR 10,000 for the most promising young scholar(s) (under 35 years of age) in the field of mutual and cooperative insurance. The bursary was launched in conjunction with the Mutual Insurance Conference (MIC) organised by the Mutual Research Network and which […]

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BCCM launches Declaration of Climate Action at Leaders’ Summit

Last week, Australian ICMIF member, the Business Council of Co-operatives and Mutuals (BCCM) urged an all-in commitment to tackling the issue of climate change, as it launched its Declaration of Climate Action at its 2022 Leaders’ Summit in Melbourne. “If we are to go further and faster on reducing climate-altering emissions, everybody needs to do […]

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Latest sigma report predicts market hardening and higher interest rates will be silver lining for insurers as global economy slows

Inflation continues to be the key concern for insurers according to Swiss Re Institute’s latest sigma report published today (17 November 2022). The effect of inflation on the global economy has led to total global insurance premium falling slightly by an estimated 0.2% in real terms in 2022. Looking forward, Swiss Re Institute expects the […]

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Simplyhealth launches Venture Capital fund ‘Simplyhealth Ventures’

ICMIF member Simplyhealth (UK) has announced the launch of its Venture Capital fund, ‘Simplyhealth Ventures’ this week. Over the next few years, the fund will invest GBP 60 million in UK-focused, early-stage healthcare businesses to accelerate the development and adoption of predictive and preventative healthcare solutions. These investments will support Simplyhealth’s overriding purpose to improve […]

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ICMIF members recognised by Forbes in list of world’s top female-friendly companies

Last week, Forbes magazine published a list of the world’s 400 most female-friendly companies, which features four ICMIF members. The members in the list are French mutual insurer MAIF which is in third position, closely followed by the Desjardins Group (Canada) in fourth place. Also included in the list are the Unipol Group in Italy […]

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