Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

Vaudoise Insurance announces 20% premium reduction for policyholders

ICMIF member Vaudoise Assurances (Switzerland) is the only independent private insurance company with a decision-making centre in French-speaking Switzerland. In line with its mutualist strategy, each year it pays out part of its profits by way of a premium rebates to its policyholders. For 2023-2024, it will redistribute CHF 43 million to its policyholders with […]

MAS receives Consumer NZ People’s Choice Award for seventh year in a row

ICMIF member MAS (New Zealand) has been awarded the Consumer NZ People’s Choice Award for its house, car, and contents insurance for the seventh year in a row. The awards are based on Consumer NZ’s customer satisfaction surveys, undertaken with their members and supporters. MAS was rated the top provider in the surveys with satisfaction […]

Gore Mutual launches new broker engagement and performance unit

ICMIF member Gore Mutual (Canada) has completely transformed its business in under three years through its “Next Horizon” strategy. By investing in top talent and leading technology, Gore says it has redefined what it means to be a modern mutual that’s sustainable and profitable – to ensure the business is here for the long-term. Now, […]

AVBOB receives top employer award for 2023

Last month, ICMIF member AVBOB (South Africa) announced it had received the 2023 Top Employers Institute award, as the best company to work for, for the sixth consecutive year. The mutual said this award bears testimony to the Group’s commitment to support employees at all levels of the organisation, with the specific objective of improving […]

MAIF recognised for the quality of its teleworking practices

French ICMIF member MAIF is the first French company to have been recognised for obtaining the highest level of WIWO (Work In, Work Out) label. Issued by Incitu, the label recognises companies whose teleworking practices combine respect for quality of life at work and the company’s performance. Tested, approved… and now labelled! In a changing […]

Folksam in new collaboration with one of Sweden’s largest property managers to enable secure savings for a home

Swedish ICMIF member Folksam and cooperative property management company Riksbyggen have initiated a new collaboration that enables Riksbyggen’s priority customers to sign up for affordable, safe and long-term home savings through Folksam. Through the Folksam “Bospar” product offering, Riksbyggen’s customers can now sign up for savings digitally. Whether people want to save for themselves or […]

The city of Burgdorf receives mobile flood protection from La Mobilière

The city of Burgdorf in Switzerland has received a mobile flood protection system from Swiss ICMIF member La Mobilière. This complements the existing resources of the Burgdorf fire brigade which can now use the system flexibly in the region to protect buildings at risk. The severe floods in 2005 and 2007 revealed weak points along […]

LV= pays record GBP 127m in individual protection claims

ICMIF’s latest member, investment, protection and retirement specialist LV= (UK), paid individual protection claims totalling GBP 127m during 2022. LV= supported more than 8,000 claimants and their families paying 95% of all individual protection claims including life, critical illness and income protection. About the claims LV= paid out more than GBP 28m in Critical Illness […]

Mutual income protection providers in the UK paid out over GBP 50 million in claims in 2022

UK ICMIF member, the Association of Financial Mutuals (AFM), has reported that its members that offer income protection products paid out GBP 52 million in claims in 2022, to over 9,000 customers. This compares to GBP 34 million in claims in 2021. Much of the increase reflects the fact that LV= has since joined AFM […]

Ecclesiastical Insurance goes electric in drive to net zero

Benefact Group, which owns UK-based ICMIF member Ecclesiastical Insurance, has launched its first electric car scheme as part of its ambitious plans to reduce its carbon emissions and reach net zero by 2040. The salary sacrifice scheme allows colleagues to lease an electric car of their choice, helping to reduce their carbon emissions. To help […]

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