Achmea, a Netherlands based member of the International Cooperative and Mutual Insurance Federation (ICMIF) has joined the Blockchain Insurance Industry Initiative B3i to further explore the potential use of distributed ledger technology for the insurance industry. Since its launch in October 2016, the B3i initiative has gained broad attention across the industry and beyond, while […]
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Earlier this month Simplyhealth, a UK-based member of the International Cooperative and Mutual Insurance Federation (ICMIF), announced that it has become the new title sponsor of UK’s biggest mass participation running series of events – known as The Great Run Series. The Great Run events include the world’s largest half marathon, now called the Simplyhealth Great North […]
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For the first time in its history, ICMIF member Securian Financial Group is expanding beyond its home territory of the United States. The 136-year-old financial services company has signed a definitive agreement with ivari to purchase its affiliate companies that are leading providers and distributors of insurance products to Canadian banks, credit unions and retailers. The businesses to be […]
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ICMIF member Takaful Insurance of Africa’s innovative index-based livestock insurance policy has been recognized internationally for its success protecting low-income pastoralist farmers in Kenya from drought and climate change. The New York Times has hailed the project as “cheaper and better than life insurance”, and the UK-based Guardian publication has praised it as “a promising […]
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Speaking this week to the Chamber of Commerce of Metropolitan Montreal (Canada), Guy Cormier (pictured), Chair of the Board, President and CEO of ICMIF member Desjardins Group, announced the creation of a $100 million development fund that will increase Desjardins’s “capacity to act”. The Desjardins Group is the world’s sixth largest cooperative financial group. Reflecting upon […]
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FMG, the New Zealand based member of the International Cooperative and Mutual Insurance Federation (ICMIF) has been announced as the inaugural winner of the Cooperative Business of the Year award in New Zealand. FMG was announced the winner on Wednesday 10 August during the Cooperative Business New Zealand association (the trade body for cooperatives in […]
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The China Insurance Regulatory Commission (CIRC) last month granted approvals for the establishment of three mutual insurance companies: Zhonghui Property Mutual, Huiyou Construction Property Mutual and Xinmei Life Mutual. Xinmei Life Mutual (known as Trust Mutual) is funded by Ant Financial, an online payment services provider which is part of the Alibaba Group, and nine […]
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New research from the International Cooperative and Mutual Insurance Federation (ICMIF) highlights that 45% of the world’s countries do not have a local law that allows mutual or cooperative insurance. A new infographic produced by ICMIF, Access to mutual and cooperative insurance, illustrates that these countries where there is no mutual/cooperative insurance law represents 9% […]
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In December 2015 Canadian ICMIF member The Co-operators released the Distracted Driving in Canada: Making Progress, Taking Action report in conjunction with the Canadian Traffic Injury Research Foundation (TIRF). The report provides a snapshot of activities underway in Canada to reduce distracted driving. Based on an environmental scan TIRF completed in partnership with Drop It and Drive (D.I.A.D.) earlier in 2015, the report […]
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At the COP21 Conference LPAA: Private Finance Climate Action Session the mutual and cooperative insurance sector has, by invitation, showcased how it is delivering long-term, sustainable interventions to help tackle the most globally significant risks to lives and livelihoods At the COP21 Conference, the International Cooperative and Mutual Insurance Federation (ICMIF) today participated in the […]
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