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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China has taken a vital step closer to creating a more diverse and inclusive insurance market for its people, following a landmark forum organized by its regulatory commission. Last week more than 120 officials from the China Insurance Regulatory Commission (CIRC) and potential mutual insurers assembled at The Howard Johnson Plaza, Shanghai, China for the […]
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During the Disaster Risk in the Financial System session today (Monday 16 March) at the UN World Conference on Disaster Risk Reduction the insurance sector, represented by the International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS), elaborated its commitment to its innovative planet-smart investments initiative. Under the initiative, the insurance […]
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The global insurance industry, which currently accounts for a third of the world’s investment capital, yesterday (23 September, 15.30 Eastern Time Zone) took centre stage at the UN Climate Summit in New York. Pledging a rise in its climate-smart investments – from $42 billion to $84 billion by end of 2015 – the insurance industry […]
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