Insured losses from natural catastrophes will exceed USD 100 billion in 2025, according to new estimates by the Swiss Re Institute, the research arm of ICMIF Supporting Member Swiss Re. The Institute estimates total insured losses in 2025 at USD 107 billion, a 24% decrease from the USD 141 billion recorded in 2024. The Institute […]
The ICMIF Foundation celebrates a decade of impact – protecting the lives and livelihoods of underserved communities through the power of mutual solidarity. On 11 November 2025, the ICMIF Foundation marked ten years of service to the global community of mutuals and cooperatives, advancing financial and social protection through mutual microinsurance among the most vulnerable […]
The International Cooperative and Mutual Insurance Federation (ICMIF) is proud to announce Microsoft’s membership, marking a significant step forward in its commitment to empowering the global mutual and cooperative insurance sector through advanced technology and collaborative innovation. By joining ICMIF, the sole global representative of the mutual/cooperative insurance sector, uniting purpose-driven insurers worldwide to strengthen […]
The ICMIF Foundation recently convened project leaders of the UNDP ICMIF Insurance Innovation Challenge (IIC) for a virtual webinar, to share the progress, lessons, and impact of their scaling-up initiatives. The IIC supports mutual and cooperative insurers in developing economies to scale innovative, affordable, and inclusive insurance products that address the needs of underserved households […]
Mutual insurers manage the savings, pensions, protection and healthcare needs of over 26 million people in the UK and Ireland, according to a recent report by the Financial Conduct Authority (FCA). Released on 5 December, the Mutuals Landscape Report also points out that mutual insurers in the UK and Ireland collect a joint annual premium […]
Grupo San Cristóbal (Argentina) was one of the big winners at the recent Eikon Awards in Buenos Aires, taking home the Golden Eikon in the Issues Management category. In their 28th edition, the Awards recognise organisations that demonstrate excellence in institutional communication. Grupo San Cristóbal was praised for its response to the Bahía Blanca floods […]
A new report by ICMIF Supporting Member Gallagher Re found that 74.8% of insurance technology (insurtechs) funding went to AI-centred companies in the third quarter of 2025 (Q3 2025). The report, which forms part of Gallagher Re’s 2025 series of Global InsurTech series, examines the role of Artificial Intelligence (AI) in the industry, exploring its […]
ICMIF member Seguros Unimed (Brazil), the insurance and financial arm of the Unimed System, will offset more than 500 tons of CO₂ per year as part of a partnership with the Biodiversitas Foundation and 6BIOS. Announced on 14 November during the COP30 Global Sustainable Insurance Summit in Belém (Brazil), the partnership builds on Seguros Unimed’s […]
Danish ICMIF member LB Forsikring is once again recognising the loyalty of its members while also being recognised for it. Earlier in November, the company announced that it will pay out DKK 135 million in loyalty discounts to eligible members in December. Shortly after, LB Forsikring was named the winner of Denmark’s prestigious Loyalty Award […]
Sri Lankan ICMIF member Sanasa Life Insurance Company (SLIC) has completed a strategic and financial review of the first year of its UNDP ICMIF Insurance Innovation Challenge (IIC) project, known as Labandi Ran Wasi (LRS), with the support of ICMIF member DHAN Foundation (India). The review, held from 25–29 August 2025, included financial checks, strategic […]