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 […]
Read MoreThe 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 […]
Read MoreNew 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% […]
Read MoreChina 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 […]
Read MoreICMIF member Cornish Mutual has been awarded Chartered Insurer status from the UK Chartered Insurance Institute (CII) for the sixth consecutive year. Chartered status is only awarded to firms that meet the CII’s rigorous criteria relating to professionalism and capability. All Chartered Insurance firms commit to the CII’s Code of Ethics, reinforcing the highest standards […]
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