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 […]
ICMIF member and affordable private healthcare provider Benenden Health (UK) has recorded a significant rise in employee awareness of diversity, equity, and inclusion (DE&I) practices, with a one-third increase since 2022. In its annual employee survey, the healthcare provider asked employees if they understood what DE&I meant. An impressive 99% of employees who responded to […]
ICMIF Supporting Member Gallagher Re has published the last of its 2024 series of Global InsurTech reports. This year’s series of reports has examined the role of artificial intelligence (AI) in the reinsurance industry, breaking down the function and processes of AI into their relevant parts within the reinsurance value chain. The final report in […]
Earlier this year, American ICMIF member SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts) announced it had partnered with global reinsurer Swiss Re, one of ICMIF’s Supporting Members, to empower its life underwriters with Swiss Re’s Underwriting Ease solution, a state-of-the-art digital tool that summarises key aspects of risks to underwriters, accelerating decisioning […]
On 22 January 2025, a soft launch meeting was held for the newly formed Cooperatives and Mutuals Leadership Circle (CM50), bringing together 35 cooperative and mutual leaders from across the globe, many from the ICMIF membership. This gathering marked the launch of a dedicated effort by the International Cooperative Alliance (ICA), with the support of […]
ICMIF member the Japan Cooperative Insurance Association Incorporated (JCIA) has recently published the English version of its 2024 Kyosai in Japan Fact Book. JCIA is a general incorporated association in Japan, which was established for the purpose of promoting coordination among member societies and contributing to the development of cooperatives and cooperative insurers. The main […]