Latest News

Monday, 22 August 2011

In July this year it was announced that Gérard Andreck had become the new Chairman of the French Insurance Association (l’Association française de l’assurance – AFA). The French Insurance Association is comprised of the French Federation of Insurance Companies (la Fédération française des sociétés d’assurances - FFSA) and the French mutual insurance organisation, GEMA (Groupement des entreprises mutuelles d’assurances). GEMA is an ICMIF member representing mutual insurance companies in France. AFA was created in June of 2007 and aims to represent its members and the sector with one voice for the French insurance sector.

Gérard...

Friday, 19 August 2011

Due for publication at the end of August 2011, “Capital and the Debt Trap - Learning from Cooperatives in the Global Crisis” investigates and explains how four specific cooperative organisations have survived the current financial crisis and have kept generating wealth. It achieves this through four case studies and looks at how many people have fallen into a trap of linking the financial sector to the real economy. The authors of the book are Claudia Sanchez Bajo, a freelance researcher and consultant, and Bruno Roelants, Secretary General of CECOP – CICOPA Europe.

This book illustrates how cooperatives around the world have been...

Wednesday, 17 August 2011

This year ICMIF launches a new Microinsurance Simulation Workshop on October, 24-25, immediately prior to the ICMIF Biennial Conference taking place from 26-28 October this year in Manchester, UK.

The workshop will provide insight and expertise on microinsurance and meet the informational needs of people considering establishing microinsurance companies. It will also be of value to the staff of existing microinsurance companies and other established insurance providers who are considering entering the microinsurance market as well as regulators & policy makers and microfinance consultants.

The October Microinsurance...

Monday, 15 August 2011

Développement international Desjardins (DID), part of ICMIF Canadian member Desjardins, has joined together with a number of specialist organisations to work on an ambitious project in Haiti. This project will work to strengthen the financial framework of the agricultural sector there.

For 40 years DID has supported the creation, development and strengthening of financial institutions in over thirty countries in Africa, Latin America, the Caribbean, Asia and Central and Eastern Europe. Other organisations involved in the project are the Financière Agricole du Québec – Développement international (FADQDI), a not-for-profit...

Friday, 12 August 2011

In July of this year Syed Moheeb, the President and Chief Executive Officer of Takaful Ikhlas, one of ICMIF’s Malaysian members, was awarded Global Leadership Award 2011 from The Leaders Magazine (TLM) supported by The American Leadership Association (ALDA).

An interview with Syed Moheeb was featured in ICMIF’s Voice publication earlier this year (Voice 70) and Syed is also a member of the ICMIF Board. Syed has been in the insurance and Takaful industry for 36 years and has led a number of local and multi-national direct insurance as well as re-insurance companies. Syed’s comments on the award were:

“Personally, this award...

Wednesday, 10 August 2011

ICMIF Supporting Member, A.M. Best has published a new report which identifies the two countries of Jordan and Lebanon as the main emerging markets of the Levant region. It examines the drivers for insurance growth, challenges facing companies in the region, regulatory developments and use of reinsurance. The report also briefly examines local takaful potential and the impact of regional political instability.

Jordan and Lebanon are the main emerging insurance markets of the Levant – a region encompassing the countries of the Eastern Mediterranean – with easy access for foreign ownership of domestic companies, and new compulsory...

Monday, 08 August 2011

Once every two years, leaders from co-operative and mutual insurers from all over the world gather at the ICMIF Biennial Conference to exchange knowledge, ideas and experiences with each other. Immediately prior to the conference, ICMIF will be running a Strategic Decision Making Workshop, the dates for this being October, 24-25. This workshop is clearly aimed at current and future leaders from co-operative and mutual insurers.

People who have participated in this workshop and reported great benefits from attending include chairmen, non-executive directors, CEOs, COOs and CFOs - as well as heads of strategic operations, risk,...

Friday, 05 August 2011

Earlier this year La Macif, one of ICMIF’s French members, launched an online game aimed at educating young children about safety. Now La Macif has turned its attention to the safety of senior citizens and has launched a series of police novels aimed at reducing the number of accidents in daily life.

Senior citizens are the principal victims of common accidents such as falls, poisoning and fires in the home. In was recently seen that over two thirds of accidents in day to day life that took place in France affected people aged 74 and over. La Macif has therefore launched a series of novels called “Lucie and Mathilde lead the...

Wednesday, 03 August 2011

ICMIF is pleased to announce that four new members have joined the organization.

The first of these is the Länsförsäkringar Alliance based in Sweden. They are the largest non-life insurer in the country with a market share of 28.8%. The Alliance is unique in the Swedish banking and insurance market and comprises 23 local and customer-owned regional insurance companies. These regional insurance companies cooperate through the jointly owned Länsförsäkringar AB and its subsidiaries, thereby combining the ability of a small company to adapt to its customers’ needs with the strength of a large company. They have 3.4 million customers...

Monday, 01 August 2011

ICMIF Supporting Member, A.M. Best has published a new report examining the performance of takaful operators in the Gulf Cooperation Council (GCC) and Malaysia compared to that of conventional insurers. The report is based on analysis of 131 takaful operators and conventional insurers in the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, Kuwait and Malaysia. It indicates that takaful companies are growing at a rapid pace and are highly capitalised on a consolidated funds basis, however, in most cases this is a consequence of the rapid expansion of the insurance markets in these countries, as opposed to increased demand for...

Pages