Latest News

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...

Friday, 07 June 2019

In May 2019, Dutch ICMIF member Achmea invited its employees to its company offices in Leiden (Netherlands) for a three-day innovation and technology experience conference in which it showcased the many exciting technology projects that the cooperative insurer is developing or investigating in addition to other exciting products in the technology space. Approximately 800 Achmea employees attended the event and some students were also invited to attend.

As well as an opportunity for Achmea to showcase some of the exciting technological innovations that the company is working on, it was a chance to give employees the opportunity to...

Thursday, 06 June 2019

At its General Meeting in Brussels yesterday (6 June 2019), the AMICE (the Association of Mutual Insurers and Insurance Cooperatives in Europe) membership unanimously agreed the appointment of all proposed members of the Board. AMICE is a key stakeholder in the European advocacy sector for the insurance industry, representing distinct models and structures which are responsible for more than one-third of all European insurance business.

AMICE’s Board, which is elected for a three-year term, now comprises:

Grzegorz Buczkowski, Saltus (Poland) Odilo Bürgy, Swiss Mobiliar (Switzerland) Stephane Cossé, Covéa (France) Carlo Enrico...
Tuesday, 04 June 2019

Canadian ICMIF member, The Co-operators, has been named Canada's number one corporate citizen on the 2019 list of Best 50 Corporate Citizens in Canada issued by Corporate Knights, a Toronto-based media, research and financial products company focused on sustainability and clean capitalism.

"To be recognized as the leader in sustainability among our peers is a great honour, and one that strongly reflects our core purpose to provide financial security for Canadians and their communities," says Rob Wesseling (pictured), President and CEO, The Co-operators. "As the world continues to rapidly change, our commitment to developing...