Latest News

Friday, 08 March 2019

On International Women’s Day 2019 (Friday 8 March), we are proud to share the details of some of our work in the pursuit of a "Balance for Better" - the theme of this year's day. A balanced world is a better world and ICMIF and its members are working to forge a more gender-balanced world; we celebrate women's achievement and take action for equality.

The insurance industry has historically often been accused of being “stale, male and pale”; dominated by older, white men with speaker line-ups for insurance conferences and events in particular often very typical of this stereotype. On International Women’s Day 2019 (Friday 8 March...

Thursday, 07 March 2019

The International Cooperative and Mutual Insurance Federation (ICMIF) has this week welcomed the news that the Estonian Parliament Riigikogu has introduced an Amendment to the Estonian Insurance Activities Act, which has now expanded the types of insurance company structure which are permitted in Estonia. The Amendment means that both insurance associations (a type of mutual insurer), and European cooperative societies will be recognised as of 2 March 2019. The Amendment will allow mutual and cooperative insurance in Estonia for the first time in just under 80 years.

Before this Amendment came in to force Estonia was one of few...

Friday, 01 March 2019

Belgian ICMIF member P&V Assurances has launched Fixiteasy: the first "all-in" platform in Belgium that quickly finds authorised professionals to carry out home repairs. With a warranty for the work completed and online payment included.

P&V Assurances is the first Belgian insurer to launch an online platform for housing-related repairs, from the request for intervention to the payment, including a warranty on work carried out. The platform can be used by anyone, whether they are customers of P&V or not.

Repairs performed by an authorised repairer, quickly and safely

Using the Fixiteasy platform people...

Wednesday, 27 February 2019

American ICMIF member, Thrivent, a not-for-profit membership organisation that aims to help its members be wise with money and live generously, has been recognised by the Ethisphere Institute, as one of the 2019 World’s Most Ethical Companies. The Ethisphere recognition honours companies which recognise their critical role to influence and drive positive change in the business community and societies around the world.

Thrivent has been recognised in this way by Ethisphere eight years in a row and is one of only five honourees in the financial services industry.

In 2019, 128 honourees were recognised spanning 21 countries...

Tuesday, 26 February 2019

The mutual and cooperative insurance market has been the fastest-growing part of the global insurance industry in the 10-year period since the global financial crisis, according to the Global Mutual Market Share 10 report launched today by the International Cooperative and Mutual Insurance Federation (ICMIF). This is a special 10 year anniversary edition of the report.

Premium income of the global mutual/cooperative insurance sector grew by a total of 30% over 10 years The global market share of mutual/cooperative insurers rose to 26.7% in 2017 922 million members/policyholders were served by mutual/cooperative insurers in 2017 1....
Thursday, 21 February 2019

ICMIF, the Federation representing the global mutual and cooperative insurance industry today announced the addition of a new Supporting Member, Berkley Re, which specialises in providing international property and casualty reinsurance worldwide.

The International Cooperative and Mutual Insurance Federation (ICMIF) represents 197 member organisations in 66 countries which collectively wrote USD 232 billion in premiums in 2017 (based on the figures from the latest ICMIF ICMIF Members: Key Statistics research).

Commenting on Berkley Re joining the Federation, ICMIF Chief Executive, Shaun Tarbuck said: “We warmly welcome...

Tuesday, 12 February 2019

Pricing in the global reinsurance sector remains disappointing following the 1 January 2019 renewals, according to a new report from ICMIF Supporting Member AM Best, as expected rate increases following heavy catastrophe losses in 2017-2018 did not come to fruition. The Best’s Market Segment Report, entitled, “Reinsurance: Will Investor Losses Lead to a Rising Tide for Pricing?,” states that expectations were that reinsurers would react swiftly and adjust their pricing following the heavy catastrophe loss years in an effort to reverse the segment’s depressed performance. However, renewal rates were mostly flat, with the most significant...

Friday, 08 February 2019

The results of a recent survey by the Centre for Public Opinion Studies in Argentina on the way insurers manage and pay customers’ claims show that four ICMIF member organisations feature in the top ten best-performing companies in 2018. The survey was carried out on behalf of NBS Banks and Insurance news website.

The four ICMIF member organisations which feature in the top ten are (in alphabetical order): Río Uruguay Seguros; San Cristóbal Seguros; Sancor Seguros; and Seguros Rivadavia.

The survey questions focused on the time taken to pay claims and the way in which the claims were managed. It was carried out by...

Friday, 08 February 2019

The theme of the International Day of Cooperatives 2019 (CoopsDay) has been announced this week by the International Cooperative Alliance and this year’s theme is COOPS 4 DECENT WORK. The ICA says that this theme focuses on the message that cooperatives are people-centred enterprises characterized by democratic control and which prioritise human development and social justice within the workplace. “Cooperatives help to preserve employment and promote decent work in all sectors of the economy. Through participation, members have a motivation to change their lives, their communities and the world,” Ariel Guarco, President of the ICA, said...

Thursday, 07 February 2019

The International Cooperative and Mutual insurance Federation (ICMIF) has announced four upcoming webinars. These webinars are organised exclusively for the benefit of ICMIF members and they will examine the current strategic issues and latest trends impacting the cooperative/mutual insurance sector. They bring thought leadership and showcase best practice from a number of ICMIF member organisations and also prominent industry experts.


The Digital Mutual

Episode 1, Seguros Unimed (Brazil) Date: 21 February 2019, 15.00 GMT

In this series of bi-monthly webinars entitled “The Digital Mutual”,...