Global insurance premiums passed the USD 5 trillion mark for the first time in 2018, equivalent to more than 6% of world gross domestic product (GDP), the latest sigma report from the Swiss Re Institute, “World insurance: the great pivot east continues“, says. This was based mostly on solid growth in the non-life sector, particularly in China […]
Strengthening primary insurance market conditions underpinned improvements to reinsurance prices, terms and conditions at the June 1, and July 1, 2019, renewals according to the latest 1st View renewals report from ICMIF Supporting Member Willis Re. According to the report, almost all buyers were able to secure the capacity they desired at June 1 and July 1, but […]
South African mutual assurance society and ICMIF member, AVBOB, formally established the AVBOB Foundation in 2012 as the channel for the company’s Corporate Social Investment (CSI) initiatives. The Foundation’s primary focus is on literacy and as such, it has been spearheading the building of schools and libraries, as well as becoming a significant patron of […]
The ILO and the ICA reaffirm vows of friendship and collaboration by signing a new MoU The International Cooperative Alliance (ICA) and the International Labour Organization (ILO) reaffirmed their century-long friendship by signing a new Memorandum of Understanding (MoU) on Monday 27 June 2019. The document states that its main purpose shall be to “foster […]
The International Cooperative and Mutual Insurance Federation (ICMIF) is pleased to announce that Swiss Re has become a Supporting Member of the Federation, the main umbrella body for the cooperative and mutual insurance industry globally. In this new partnership Swiss Re will provide ICMIF members with the opportunity to leverage their knowledge, expertise and support […]
The world’s 500 largest mutual and cooperative insurance companies* have again been ranked by the International Cooperative and Mutual Insurance Federation (ICMIF) in the 2019 edition of its Global 500 report. According to this year’s Global 500 report, the world’s largest mutual and cooperative insurers (ranked by premium income for year-end 2017) collectively wrote just […]
A new study from the University of Cambridge Institute for Sustainability Leadership has, for the first time, analysed how mutual microinsurance, a community-owned model of insurance, contributes to the recovery of low-income households following a natural disaster. The report, looking at mutual microinsurance through the lens of the United Nations Sustainable Development Goals (SDGs), indicates greater resilience […]
New Zealand-based ICMIF member MAS (Medical Assurance Society) and the New Zealand Marketing Association have announced a new partnership to support New Zealand marketers and the marketing profession. The agreement sees MAS become a Principal Business Partner with the Marketing Association to support marketers and the marketing profession with a range of financial products, services and importantly, value add […]
More than 120 delegates are expected to attend the 27th ICMIF/Americas Annual Conference (August 21-23, 2019) in Mendoza, Argentina, hosted by the Argentinean Association of Cooperative and Mutual Insurers (AACMS) and the Association of Insurers of the Interior of the Argentine Republic (ADIRA). The theme of this year’s ICMIF/Americas Annual Conference, Collaborating and Innovating for […]
The Research Director, at Swedish ICMIF member Folksam, Anders Kullgren, has been praised by the US Department of Transportation for his long-term contribution to road safety. The US Government Award for Safety Engineering Excellence, was awarded to Kullgren earlier this month in Eindhoven. Speaking about the award Kullgren said, “I am delighted that the work we do here […]