Latest News

Thursday, 29 August 2019

Launched in June 2016, the ICMIF 5-5-5 Mutual Microinsurance Strategy (the “5-5-5”) aims to insure 5 million lives in five countries (Colombia, India, Kenya, the Philippines and Sri Lanka) over a period of five years.

Latest data from ICMIF shows that since the 5-5-5 commenced, 1.7 million previously uninsured poor and vulnerable people have been provided with mutual microinsurance protection. These individuals now have an insurance “safety net” to protect their livelihoods and prevent them from slipping into poverty if they are faced with unexpected risks.

Below are the stories of two policyholders from the Philippines...

Friday, 23 August 2019

Prevención Salud is the prepaid medicine company of ICMIF member Sancor Seguros (Argentina).  The organisation was created by Sancor Seguros to as a way to take care of its members and improve their quality of life through the provision of comprehensive prevention services to member-policyholders of the Group.

Prevención Salud offers its services throughout Argentina with a wide range of plans designed to cover all the needs of a person in terms of their health and they also develop preventive medicine programmes (as the organisation’s name would suggest). The focus on prevention, says Prevención Salud, is the best way to...

Thursday, 22 August 2019

It is now only few weeks until ICMIF Supporting Member AM Best will hold its annual Reinsurance Market Briefing at the 2019 Rendez-Vous de Septembre in Monte Carlo (Monaco). The Briefing is now fully established a leading open-invitation market presentation event at the Rendez-Vous.

This AM Best event is a unique opportunity for reinsurance market insight and opinion ahead of busy bilateral meeting schedules.



When: Sunday, 8 September 2019, 10:15-11:45

Where: Hermitage Hotel, (Salle Eiffel II - d'etage moins 4), Square Beaumarchais, Monte Carlo 98000, Monaco

Join AM Best at...

Thursday, 22 August 2019

Earlier this year ICMIF was asked by Co-operatives and Mutuals Canada (CMC) to provide data on the performance of the Canadian cooperative/mutual insurance sector to contribute to a report being published about the Canadian cooperative sector.

At the Co-operatives and Mutuals Canada (CMC) National Congress 2019 in June, Scott Banda, Chief Executive officer of Federated Co-operatives Limited and Nadine Groulx, President, Cantons-de-l'Est Regional Council of the Desjardins Group launched the resulting study: Economic Impact of the Co-operative Sector in Canada. The study was led by Dr. ...

Wednesday, 21 August 2019

ICMIF member Cornish Mutual (UK) has been named a Chartered Insurer for the seventh consecutive year. The general insurer is the UK’s only mutual insurance company to hold the accolade, which is awarded by the Chartered Insurance Institute (CII) to represent the highest standards in the insurance sector.

There are more than 900 general insurance companies in the UK, but only 34 have been awarded chartered status from the CII.

In 2012, Cornish Mutual became the first mutual insurance company in the UK and the first insurer in the South West of the UK to achieve Chartered status. The company also has two Fellows of the CII and...

Monday, 19 August 2019

Just take a “selfie” using your phone and an app can tell the fat percentage of your body weight. That is the future of healthcare says ICMIF member LocalTapiola.

ICMIF member LocalTapiola (Finland), in collaboration with a number of project partners, is investigating an image analysis solution which utilises new artificial intelligence capabilities and its potential use for LocalTapiola customers. With this image analysis application on a mobile phone, customers can make an initial assessment of their health status. The mobile app provides an estimate of a person's body mass index (BMI), fat percentage and average blood pressure...

Wednesday, 14 August 2019

ICMIF member Seguros Futuro (El Salvador) has recently celebrated the company’s 25th anniversary.

The organisation was created on 17 July of 1994, with the mission of providing social security protection to the people of El Salvador, particularly those who had no access to insurance services or those who believed that insurance was onerous or only available to the more privileged groups within the Salvadoran population.

Seguros Futuro was created by the Federation of Cooperative Savings Associations and Credit of El Salvador (in Spanish “Federación de Asociaciones Cooperativas de Ahorro y Crédito de El Salvador” or...

Wednesday, 07 August 2019

The second edition of the Mutual Insurance Conference takes place in Croatia on 19 September, to explore the development potential and challenges for mutual insurers and Central and Eastern European countries. Under the theme "CEE countries – a new market boost?“, the MIC brings together mutual insurance practitioners, academics, trade union leaders and regulators/policymakers.

ICMIF's SVP Business Intelligence, Faye Lageu, will be the keynote speaker, presenting insights about the influence of digitalisation as a driver of new approaches and perspectives on what it means to be a cooperative/mutual insurer.

More information...

Monday, 05 August 2019

LB Insurance (LB Forsikgring) has entered into a new and exciting collaboration with an Insurtech Venture Capital Fund. The aim is for the collaboration to help create new innovative products, solutions and services for the benefit of the members.

LB Insurance is planning to turbocharge its innovation work through a new partnership Fin TLV, an international player within Fintech and Insurtech. FinTLV is headquartered in Tel Aviv, Israel, which is known for its strong entrepreneurial culture and strong research institutions, and where the Danish state also opened an innovation center back in 2016.

“For a long time we...

Monday, 29 July 2019

South African mutual assurance society and ICMIF member, AVBOB, formally established the AVBOB Foundation in 2012 as the channel for the company’s Corporate Social Investment (CSI) initiatives. The Foundation’s primary focus is on literacy and as such, it has been spearheading the building of schools and libraries, as well as becoming a significant patron of the arts.

The highlight of each of the Foundation’s initiatives is the AVBOB Container Library Project. The project commenced in 2013, when the first library was donated to a primary school in Tembisa, Gauteng, South Africa. These libraries, each worth 500 000 (ZAR), are...