ICMIF Supporting Member Gallagher Re has published its H1 2025 Natural Catastrophe and Climate Report, noting that despite a highly active start to the year in the United States, the overall global catastrophe losses for the first six months remained relatively manageable for both governments and the insurance industry. According to the report, global economic […]
The ICMIF Foundation and DHAN Foundation have announced the launch of the next phase of support for scaling up mutual life and health microinsurance in India. This next phase will build on the success of reaching over one million households through the 5-5-5 Mutual Microinsurance Strategy and is backed by funds raised through the ICMIF […]
In May of this year, ICMIF member La Segunda Seguros (Argentina) joined forces with the cooperative supermarket business Cooperativa Obrera to deal with the ongoing effects of the storm that had previously hit the port city of Bahía Blanca in March 2025. Reports at the time of the storm said Bahía Blanca had effectively been […]
Japanese ICMIF member Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives) has announced a major investment of JPY 20 billion in the Orchard 2025 Fund, a recently-launched public debt impact fund managed by BlueOrchard Finance Ltd., a Schroders Group company focused on impact investing. Zenkyoren says the investment aligns with its long-standing commitment to supporting […]
On Saturday 5 July, the global cooperative movement celebrated the International Day of Cooperatives (CoopsDay) by highlighting what can be achieved through the power of cooperation. This year’s theme was “Driving inclusive and sustainable solutions for a better world”, and, as every year, CoopsDay is an opportunity to raise awareness about cooperatives’ role in delivering […]
Closing the protection gap in emerging markets remains one of the greatest challenges for the mutual insurance sector today. According to the ICMIF Global Mutual Market Share report, mutual insurers hold only 2.7% of the formal insurance market in these regions – a significant decline from over 4% a decade ago – while mutuals in […]
Canadian ICMIF member Co-operators has earned the highest ranking among insurers and highest in the financial sector in Corporate Knights annual Best 50 Corporate Citizens ranking, placing fourth in the overall ranking. Assessed across a wide range of environmental, social, and governance-related sustainability performance indicators, this national recognition continues to underscore the cooperative’s ongoing efforts […]
According to the latest SONAR report from ICMIF Supporting Member Swiss Re, recent scientific research shows up to half a million people globally succumb to the effects of extreme heat each year, exceeding the combined impact of floods, earthquakes and hurricanes. This places the observable increase of extreme heat events among the most important emerging […]
According to ICMIF member Business Council of Cooperatives and Mutuals (BCCM), Australia’s cooperative and mutual sector has ambitions to emulate the UK sector’s planned doubling in size, after recording an 8.4 per cent increase in annual revenue. This announcement came as BCCM published its latest National Mutual Economy (NME) report earlier this month, showing resilience […]
ICMIF Supporting Member Peak Re has announced the establishment and operation of a new subsidiary, Peak Reinsurance North America Ltd. (“Peak Re NA”), based in Bermuda. Peak Re says this new entity reflects its commitment to expanding its global footprint and delivering tailored reinsurance solutions to the North American market. In conjunction with this announcement, […]