Press releases

Monday, 17 July 2017

Manchester, UK, Monday 17 July 2017: A first-of-its-kind report on mutual and cooperative microinsurance in India entitled The missing chapter of microinsurance in India: a diagnostic of mutuals has today been published by the International Cooperative and Mutual Insurance Federation (ICMIF) and Insurance Institute of India (III). This country diagnostic study was conducted as part of the ICMIF’s 5-5-5 Mutual Microinsurance Strategy. The 5-5-5 Strategy aims to provide mutual microinsurance solutions to 5 million low-income households, in five emerging markets (India, Philippines, Kenya, Colombia and Sri Lanka) over the next five years. It...

Friday, 30 June 2017

Manchester, UK, Friday 30 June 2017: In 2017 the International Day of Cooperatives will be celebrated on Saturday 1 July with the theme “Cooperatives ensure no one is left behind”.

Shaun Tarbuck, Chief Executive of the International Cooperative and Mutual Insurance Federation (ICMIF – the insurance sectoral body of the ICA) says: “Around the world cooperatives are helping to reduce inequality by empowering people and by offering them a dignified and sustainable way to make a living. The size and impact of the cooperative (and mutual) sector should not be underestimated. Our Global Mutual Market Share research shows that the social...

Tuesday, 13 June 2017

Manchester, UK, Tuesday 13 June 2017: Mutual and cooperative insurers wrote a record EUR 406 billion (USD 453.8 billion) in premiums in 2015 and claimed more than 31% of the total insurance market in Europe, according to a report published today by the International Cooperative and Mutual Insurance Federation (ICMIF).

The Market InSights: Europe 2015 report, was launched by ICMIF’s European association, the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE), at its Annual General Meeting in Brussels last week.

The report shows that mutual and cooperative insurers in the European Union (EU):

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Thursday, 25 May 2017

Manchester, UK, Thursday 25 May 2017: Shaun Tarbuck, Chief Executive of the International Cooperative and Mutual Insurance Federation (ICMIF) yesterday addressed the Risk Transfer and Insurance for Resilience Working Session at the Global Platform for Disaster Risk Reduction (Global Platform) in Cancun, Mexico. Both the Sendai Agreement and the 2030 Agenda, he said, demanded greater collaboration among stakeholders and provided the insurance sector with a new impetus to help balance the practice of post-disaster financing with increased focus on disaster risk reduction.

The Global Platform has been organised by the United Nations...

Wednesday, 15 March 2017

Recent research carried out by the International Cooperative and Mutual Insurance Federation (ICMIF) on gender diversity at board, CEO and senior management level demonstrates that cooperative and mutual insurers – and particularly ICMIF member organisations – are leading the way in diversity. More and more women are leading mutual and cooperative insurers and playing a key role in growing the insurance sector globally.

The latest edition of the ICMIF Members’ Governancereport noted that the percentage of women on the boards of directors of mutual and cooperative insurers rose to 20.6% in 2015, compared to an insurance industry...