Latest news from the sector

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

CLIMBS Institute for Financial Literacy to host a Cooperative Executive Masterclass in the Philippines: February 2019

The CLIMBS Institute for Financial Literacy (CIFL), a subsidiary of ICMIF member CLIMBS Life and General Insurance Cooperative, is partnering with the Co-operative College (based in Manchester, UK) to bring the College’s certificated Executive Education Programme to the Philippines for the first time ever. The course will take place on 21-23 February 2019 in Manila. The course will […]

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Unique storm surge insurance from The Co-operators now available across Canada

Over the last few years in Canada, extreme weather and flooding have become more frequent, more severe and so has the cost to homeowners. It’s a trend that is expected to continue. Prior to 2015, Canadian homeowners were unable to buy insurance to protect their home and belongings from overland flooding. There was a clear […]

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Royal London awarded Gold for Customer Experience three years in a row

ICMIF member Royal London (UK) has this week received the highest possible “Gold” accreditation for outstanding customer experience in the Investor in Customers (IIC) Awards. This is the third year in a row that Royal London has been awarded Gold accreditation. According to Investor in Customers, Royal London has continually exceeded expectations in delivering great customer experience, with customers’ […]

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Peak Re report highlights the importance of MCCOs to the insurance industry

Peak Reinsurance Company Limited (“Peak Re”), a global reinsurer based in Hong Kong, recently published a new report on Mutuals and Cooperatives and Community based Organisations (MCCOs). The report is entitled “Relevance of Mutual and Cooperative – Lessons learned from developed Europe and Asia” and it aims to highlight the importance of MCCOs to the insurance industry […]

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Contrasting realities for 2019 reinsurance renewals: latest Willis Re 1st View report

Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from ICMIF member Willis Re. The report notes a two-track trend as having been especially evident […]

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ICMIF CEO pledges support for The Prince’s Accounting for Sustainability Project (A4S) in letter to The Prince of Wales

The Prince’s Accounting for Sustainability Project (A4S) was established by His Royal Highness, The Prince of Wales in 2004 with the aim of inspiring action by finance leaders to drive a fundamental shift towards resilient business models and a sustainable economy. To do this, the organisation has three core aims: inspire finance leaders to adopt sustainable and […]

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Regis Mutual Management proud to be included in the UK Parliamentary Review

Regis Mutual Management, has been included in the 2017/2018 edition of The Parliamentary Review which was published in October 2018. The Parliamentary Review is an annual publication which highlights best practice in different industry sectors in the UK. Read the full article from Regis in the insurance edition of the Review here. Established 10 years […]

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BCCM announces board and chairperson for 2019

Business Council of Co-operatives and Mutuals (BCCM) one of the Australian members of the International Cooperative and Mutual Insurance Federation (ICMIF) last week announced that its board has been re-elected in full. The BCCM Chairperson for 2019 is Terry Agnew (pictured). The BCCM Board of Directors for 2019: Ian Gillespie – re-elected as Director Greg […]

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Dr Aris Alip takes part in opening panel at second InsuResilience Global Partnership Forum

Dr Jaime Aristotle Alip (pictured, centre), Founder of the ICMIF 5-5-5 Mutual Microinsurance Strategy and a fomer Chair of the ICMIF Development Committee, has today (10 December 2018) joined the opening session at the second InsuResilience Global Partnership Forum taking place in Katowice (Poland). The framing session, entitled Effective risk financing and insurance solutions for […]

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Latest Desjardins survey reveals that 50% of respondents do not know what types of water damage are covered by their insurance policy

Many Canadians are already experiencing challenging weather conditions with snow and sub-zero cold. These freezing temperatures can wreak havoc on homes, causing pipes to freeze and ice damming. Water is the most common cause of damage and accounts for 50% of home insurance claims costs. And although home insurance policies cover accidental damage resulting from […]

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