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Thursday, 27 June 2019

The ILO and the ICA reaffirm vows of friendship and collaboration by signing a new MoU

The International Cooperative Alliance (ICA) and the International Labour Organization (ILO) reaffirmed their century-long friendship by signing a new Memorandum of Understanding (MoU) on Monday 27 June 2019.

The document states that its main purpose shall be to “foster collaboration [...] in areas of promotion and strengthening of the cooperative enterprise model”. In that respect, both commit to promote cooperatives as a “sustainable business model to advance inclusive and sustainable development”.

ICA’s President...

Wednesday, 26 June 2019

The International Cooperative and Mutual Insurance Federation (ICMIF) is pleased to announce that Swiss Re has become a Supporting Member of the Federation, the main umbrella body for the cooperative and mutual insurance industry globally.

In this new partnership Swiss Re will provide ICMIF members with the opportunity to leverage their knowledge, expertise and support to anticipate and manage risks, as well as explore collaboration opportunities to close protection gaps and strengthen societal resilience.

Jayne Plunkett (pictured), Swiss Re's CEO Reinsurance Asia, said: “...

Tuesday, 25 June 2019

ICMIF has announced that registration for the 25th Meeting of Reinsurance Officials (MORO) is now open. The 2020 MORO will take place from Wednesday 10 to Friday 12 June at the offices of ICMIF member LocalTapiola, the host for the event. LocalTapiola’s head office is based in the city of Espoo, close to Helsinki (Finland).

MORO stands for Meeting of Reinsurance Officials which is a unique, global gathering of reinsurance professionals from the mutual and cooperative sector that meets every two years.

In 2018, 84 reinsurance managers from 49 companies in 17 countries gathered in Montreal to learn from and to do business...

Tuesday, 25 June 2019

The world’s 500 largest mutual and cooperative insurance companies* have again been ranked by the International Cooperative and Mutual Insurance Federation (ICMIF) in the 2019 edition of its Global 500 report.

According to this year’s Global 500 report, the world’s largest mutual and cooperative insurers (ranked by premium income for year-end 2017) collectively wrote just under USD 1.2 trillion in insurance premiums in 2017. Aggregate premiums of Global 500 companies grew in 2017 by 1.1% from the previous year. In terms of lines of business, there was stronger growth in non-life premiums, increasing 4.5% to USD 569 billion in 2017...

Friday, 21 June 2019

A new study from the University of Cambridge Institute for Sustainability Leadership has, for the first time, analysed how mutual microinsurance, a community-owned model of insurance, contributes to the recovery of low-income households following a natural disaster. The report, looking at mutual microinsurance through the lens of the United Nations Sustainable Development Goals (SDGs), indicates greater resilience for those households covered by mutual microinsurance than those without.

In many developing and emerging economies, mutual insurers are not recognised legally, hampering their ability to...

Thursday, 20 June 2019

Se esperan más de 120 delegados en la 27ª Conferencia Anual de ICMIF / Américas (del 21 al 23 de agosto de 2019) en Mendoza, Argentina, patrocinada por la Asociación Argentina de Cooperativas y Mutualidades de Seguros (AACMS) y la Asociación de Aseguradoras del Interior de la República Argentina (ADIRA).

El tema de la Conferencia Anual de ICMIF/Américas de este año, Colaborando e innovando para la era digital, proporcionará un enfoque sobre la forma en la que las aseguradoras mutuales y cooperativas pueden integrar la innovación y la agilidad en sus negocios y aprovechar el poder de la colaboración con el fin de prosperar en esta...

Thursday, 20 June 2019

More than 120 delegates are expected to attend the 27th ICMIF/Americas Annual Conference (August 21-23, 2019) in Mendoza, Argentina, hosted by the Argentinean Association of Cooperative and Mutual Insurers (AACMS) and the Association of Insurers of the Interior of the Argentine Republic (ADIRA).

The theme of this year’s ICMIF/Americas Annual Conference, Collaborating and Innovating for the Digital Age, will provide a focus on how cooperative and mutual insurers can embed innovation and agility into their businesses and harness the power of collaboration in order to thrive in the fast-changing digital age.

ICMIF is delighted...

Thursday, 20 June 2019

New Zealand-based ICMIF member MAS (Medical Assurance Society) and the New Zealand Marketing Association have announced a new partnership to support New Zealand marketers and the marketing profession.

The agreement sees MAS become a Principal Business Partner with the Marketing Association to support marketers and the marketing profession with a range of financial products, services and importantly, value add benefits.

MAS General Manager Marketing Mike Davy said “We’re excited to be entering a partnership with an Association that takes such a holistic approach to supporting their members throughout their...

Monday, 17 June 2019

The Research Director, at Swedish ICMIF member Folksam, Anders Kullgren, has been praised by the US Department of Transportation for his long-term contribution to road safety. The US Government Award for Safety Engineering Excellence, was awarded to Kullgren earlier this month in Eindhoven.

Speaking about the award Kullgren said, “I am delighted that the work we do here at Folksam is appreciated. We have been convinced for a long time that our work contributes to increased road safety not only in Sweden but around the world also. I am very happy that our work has been recognised in this way.”

Anders Kullgren has been working...

Friday, 14 June 2019

A one-day microinsurance seminar has been added to the programme for the forthcoming ICMIF Biennial Conference which takes place in November 2019 in Auckland (New Zealand).

The microinsurance seminar will take place on Monday 11 November 2019, prior to the main Conference which takes place 12-15 November. The location for the seminar and the main Conference is the Cordis Hotel in Auckland. The seminar will be jointly hosted by ICMIF and the ICMIF Asia and Oceania Association (the AOA) and the theme will be: “Connecting to emerging markets: benefits and opportunities for ICMIF members”.

Talent development with social impact...