Latest News

Wednesday, 05 September 2012

With cooperatives continuing to enjoy a renaissance in spite of the current economic climate, Co-operatives UK has launched the final phase of its online support service to assist business advisors working with co-operatives.

The ‘advise a co-operative’ online support service will help business advisers provide high quality assistance to people who are thinking about setting up a cooperative business.

The service, developed by the experienced team at Co-operatives UK, concludes a series of online support services from the national trade association, adding to the already up and running ‘start a co-operative’ and ‘grow a co-...

Monday, 03 September 2012
A new business model that changed the course of history

In 1987, Desjardins launched direct insurance via its caisse network and by phone—an ambitious and necessary initiative to turn around an industry that was experiencing major financial difficulties.

Desjardins had been selling general insurance products through a brokerage network since 1945, but in the 1980s, the cooperative took the bold step of changing its property and casualty insurance business model by making insurance available directly through its caisse network and call centres.

“Caisses weren’t very enthusiastic at first. You have to remember that our...

Thursday, 30 August 2012

The ICMIF LARG (Latin American Reinsurance Group) Annual Seminar will take place next week in Tegucigalpa, Honduras, from August, 28 to August 31. This year’s meeting is being hosted by ICMIF member Equidad Compañía de Seguros S.A and the opening ceremony will be attended by the Honduras Superintendant of Insurance.

The event this year will bring together a record number of 73 delegates from 14 countries and 17 ICMIF member organisations (including some of the ICMIF Supporting Members). The LARG Seminar brings together this unique group of ICMIF members to discuss issues such as underwriting, claims, microinsurance, actuarial...

Thursday, 30 August 2012

ICMIF member, Coop-Seguros, has recently been ranked number nine in the Top 50 Best Employers to Work For in the Dominican Republic business publication Revista Mercado. They were ranked ninth in the “300 Employees and Under” category. The organisation was praised in particular for its management training and succession planning whereby managers are trained to be able to step in and substitute for one another. Coop-Seguros are the only cooperative to appear in the rankings.

This was the sixth time that the survey was carried out by the business publication Revista Mercado. The survey is carried out online and is completed by...

Wednesday, 22 August 2012

With less than seven weeks to go before the 2012 Québec International Summit of Cooperatives, marking the International Year of Cooperatives, Dame Pauline Green, President of the International Co-operative Alliance (ICA), shared her thoughts on the Summit. Here are some highlights with the full interview available for download below.

What is the ICA and what are its main purposes?

Based in Geneva, Switzerland, the International Cooperative Alliance (ICA) is a body that represents, unites and serves cooperatives across the globe. Globally, our mission is to grow the cooperative sector in the global economy.


Tuesday, 21 August 2012

$220,000 available to emerging Canadian co-ops

The Co-operators, Canada, has just launched a National Co-op Challenge, a social media contest in which emerging Canadian cooperatives can vie for a share of $220,000 in prize money. The Co-operators created the contest as a way of providing additional support to small expanding coops during 2012, the International Year of Cooperatives.

Eligible cooperatives' applications will be evaluated and six finalists will be chosen from each of four regions, which cover all of Canada. These 24 coops will each produce a short video making their pitch, and Canadians will be invited to vote...

Thursday, 16 August 2012

In a recent article for Middle East Insurance Review magazine Sabbir Patel, Senior Vice President and CFO, ICMIF, examines microtakaful as a form of insurance provision for the underserved Muslim populations of the world. The article shares a number of success stories from ICMIF members who have established or recently launched microtakaful schemes.

There has been a very clear recognition over the last decade that microinsurance, including microtakaful, is an important tool in supporting sustainable poverty alleviation in the poorer areas of the world. The growth of this sector has resulted in almost 500 million people now having...

Wednesday, 15 August 2012

One of ICMIF’s members in the UK, Engage Mutual, has received a prestigious Investors In People (IIP) award thanks to its commitment and dedication to staff.

The Yorkshire-based mutual has successfully achieved the Gold award standard, after undergoing a rigorous assessment from IIP assessors. Engage Mutual joins an elite group: only three per cent of organisations assessed for IIP have achieved the Gold accolade.

Alongside a comprehensive employee benefit and training scheme the customer-owned organisation has continued to increase staff numbers despite the challenging UK economic climate, helping to boost the local...

Monday, 13 August 2012

NTUC Income, Singapore’s leading insurer and ICMIF member, is expanding the impact of their ongoing corporate social responsibility initiative OrangeAid by adopting three new beneficiary organisations and supporting four programmes that the organisations are running.

The move is part of NTUC Income’s holistic approach to help equalise opportunities for children and young people who come from disadvantaged backgrounds.

NTUC Income has identified four programmes which, this year alone, have the potential to reach over 1,200 young people.

NTUC Income hopes to help deliver a positive and sustainable impact through these...

Friday, 10 August 2012

Co-operative News, the Global News Hub for cooperatives are compiling a series of “eBooks” entitled Building a Better World. The eBooks are supported by the International Co-operative Alliance (ICA), The Co-operative Group and Co-operatives UK as part of the run up to the forthcoming Co-operatives United event, Manchester, UK (October 29 to November 2, 2012) which will act as the culmination event for the International Year of Cooperatives 2012.

You can find out how Co-operative Enterprises Build a Better World in the financial sector with the second in this series of free eBooks that show how cooperatives provide an ethical...