ICMIF member Thrivent‘s commitment to strong business ethics, compliance, and governance has once again received the World’s Most Ethical Companies recognition by Ethisphere, a global organisation which seeks to define and advance the standards of ethical business practices. Thrivent, a Fortune 500 financial services company, says it puts generosity at the heart of saving and investing, […]
German ICMIF member R+V Versicherung has announced almost 600,000 customers of cooperative banks received a cashback on their insurance premiums. R+V’s cashback programme refunds up to ten percent of the insurance premiums paid back to customers. The prerequisite is that customers are a member of a cooperative bank and have concluded a Member Plus contract […]
Brazil has taken a significant step toward expanding its insurance sector with the introduction of Complementary Law No. 213/2025. The new legislation grants insurance cooperatives greater operational freedom, setting the stage for a more dynamic and inclusive market. Empowering cooperatives Previously, insurance cooperatives in Brazil were restricted to specific sectors, such as agriculture, health, and […]
Announcing its 2024 financial results last week, ICMIF member Royal London (UK) said it will be distributing GBP 181 million in ProfitShare payout with 2.3 million of its customers. This will be the ninth consecutive year that the mutual has boosted its customers’ retirement savings through its ProfitShare scheme. Each year, Royal London aims to […]
Following the recent publication of its 2025 Global Insurance Outlook, ICMIF Supporting Member EY will be hosting a webinar on Wednesday 12 March (3.00pm to 4.00pm GMT/UK time) to discuss the key findings of the report and the key trends shaping insurers’ strategic agendas. ICMIF members are welcome to register and attend this insightful webinar. […]
Canadian ICMIF member Assumption Life has revealed record sales and profits for the year 2024, representing the best year in its history. The announcement was made during the company’s annual general meeting, held both in person and online on 28 February 2025. “These results illustrate our team’s commitment to going above and beyond. By placing […]
Towards the end of 2024, ICMIF member FMG was named 2024 Cooperative Business New Zealand‘s Co-op/Mutual of the Year. In awarding the prize, the judges commended FMG’s B Corp certification and the fact that FMG was the first general insurer in New Zealand Aotearoa to achieve this accolade. Coincidently, winning “Mutual of the Year” came […]
ICMIF member Ayr Farmers Mutual Insurance Company (Canada) has announced that its Board of Directors has approved a CAD 1.53 million refund from premiums, the second largest in the company’s history, benefitting 84% of its policyholders (more than 11,000 families and businesses). This decision comes after another financially strong year and reflects the company’s enduring […]
Earlier this month, ICMIF member Simplyhealth (UK) announced the extension of its GBP 250,000 collaboration with the Woodland Trust, the UK’s largest woodland conservation charity. In September 2024, Simplyhealth launched a charity campaign aimed at encouraging customers of its Simplyhealth and Denplan products to move away from paper-based communications and enjoy the benefits of going […]
ICMIF member Folksam has announced the extension and expansion of its collaboration with Swedish parasport. The collaboration is sometimes referred to as Swedish sport’s longest sponsorship because Folksam was a key supporter of the Swedish Parasport Federation when it was founded over 50 years ago. In a recent announcement, Folksam says it will consolidate its […]