Latest News

Thursday, 25 June 2020

As the millennial and Gen Z generations continues to enter the workforce in vast numbers, it is crucial for mutual and cooperative insurers to position their unique business model as a factor in them being seen as “employers of choice” and to remain relevant for future generations. A new report from the International Cooperative and Mutual Insurance Federation (ICMIF) finds that cooperative/mutual insurers which are sustainable, socially responsible and high-performing businesses are endowed with the characteristics that attract and retain millennial talent.

In order to be truly sustainable companies, cooperative/mutual insurers...

Wednesday, 24 June 2020

In April, Belgian ICMIF member the P&V Group joined the public service initiative Impactdays, a platform dedicated to helping people and also offering a place where those people who wish to volunteer their help during the coronavirus crisis and offer their services. P&V now has its own page on this platform on which people can find information on a number of initiatives designed to help citizens as well as a way to ask for help or offer their services in their particular municipality of Belgium.

With the P&V Foundation, however, the cooperative insurer is going even further by proposing a number of initiatives, which...

Wednesday, 24 June 2020

Three Canadian ICMIF members have each been named as one of Canada's Greenest Employers for 2020, they are The Co-operators, Farm Mutual Re and Desjardins Group.

Now in its 13th year, Canada's Greenest Employers is an editorial competition organised by the Canada's Top 100 Employers project (managed by Mediacorp Canada Inc). This special designation recognises the employers that lead the nation in creating a culture of environmental awareness in their organisations. These employers have developed exceptional sustainability initiatives – and are attracting people to their organisations because of their environmental leadership....

Tuesday, 23 June 2020

In 2016, South African ICMIF member Professional Provident Society (PPS) established the PPS Foundation, primarily to improve access for young people to Science, Technology, Engineering and Mathematics (STEM) fields and contribute measurably to the sustainable development of South African communities, through PPS’s ethos of mutuality and shared success.

The PPS Foundation demonstrated the power of nurturing the potential of the next wave of economically empowered young professionals in its 2019 annual report, its second since inception in 2016. In particular, this addressed the South African National Development Plan (NDP) 2030...

Friday, 19 June 2020

Canadian ICMIF member the Wawanesa Mutual Insurance Company (Wawanesa) this week announced its Caring Together initiative, which features CAD 1.8 million in new financial support for communities in need arising from the COVID-19 pandemic and the fight to end systemic racism.

These funds are in addition to the CAD 3.5 million Wawanesa previously committed in donations to hundreds of community organisations in Canada and the United States this year. This includes the CAD 100,000 donation to food banks in Canada and the United States as reported on by ICMIF in April.

“As a mutual insurer, Wawanesa is guided by values that...

Thursday, 18 June 2020

Data taken from specialist insurer Ecclesiastical’s Movement for Good awards has revealed that brokers in the UK still intend to donate to good causes despite the difficult social and economic challenges caused by COVID-19.

According to ICMIF member Ecclesiastical, 1,035 brokers voted for 572 charities across the UK in the insurer’s Movement for Good awards. Analysis of the nominations shows an overwhelming majority (93%) of brokers are still likely to donate money.

Ecclesiastical’s Movement for Good awards will see a total of GBP 1 million given to charities across the UK this summer. Members of the public were invited to...

Thursday, 18 June 2020

Dutch ICMIF member Achmea has conducted research into the climate resilience of homes in the Netherlands. The organisation investigated the current levels of knowledge of Dutch people on this subject; what their thoughts are on this topic and whether they have already taken measures to prevent climate-related problems at their homes or whether they are planning to do so. The study was conducted online in April 2020 among 1,001 Dutch people aged 18 years and above by research agency MWM2 and the second Achmea Climate Adaptation Monitor report, published this month, shared the findings of the research. The first edition of the Monitor was...

Wednesday, 17 June 2020

New risks and trends accentuated by the COVID-19 pandemic are emerging, but the current crisis shouldn’t overshadow the need for the world to transition to a more sustainable economy and a low-carbon future, says the recent Swiss Re Institute’s SONAR report published earlier this month.

Findings in the report say that intergenerational tensions, supply chain disruptions and the fragility of public healthcare are among the risks and trends amplified by the COVID-19 pandemic. The report also notes that the coronavirus outbreak showed that societies were not sufficiently prepared, and that broad risk awareness is crucial for proper...

Tuesday, 16 June 2020

ICMIF member The Co-operators has announced this week that the organisation has increased funding for youth and marginalised communities in Canada, as many struggle with mental health issues and insecurity related to COVID-19. In addition to the CAD 205,000 in support funding for youth mental health through ongoing partnerships with Boys & Girls Clubs of Canada (BGCC), Kids Help Phone and Enactus Canada, the cooperative insurer has bolstered its investment by CAD 220,000 in light of COVID.

"The Co-operators is committed to supporting mental wellness and community resilience for young Canadians, many of whom face significant...

Tuesday, 16 June 2020

From Monday 15 June, ICMIF member NFU Mutual (UK) will be including Personal Cyber cover as standard for new Bespoke home insurance customers, ensuring that their privacy, data and assets receive specialist cover just as their home and contents do.  

The embedded cover will provide protection of up to GBP 50,000 from NFU Mutual for five key cyber risks Partnerships with fellow ICMIF member CyberScout and with data recovery specialist Ontrack will provide holistic support for customers, through a 24/7 cyber helpline, and data restoration services Cyber experts provide tips for staying secure online