Press releases

Wednesday, 05 December 2018

Thursday 6 December 2018, Manchester, UK: Sri Lanka needs proper regulation for microinsurance to enable this sector to grow, according to a new report produced by the International Cooperative and Mutual Insurance Federation (ICMIF) and the Institute of Policy Studies of Sri Lanka (IPS).

Entitled Country diagnostic on mutual and cooperative microinsurance in Sri Lanka, the report is the outcome of a first-of-its-kind study to investigate the landscape of microinsurance delivered by mutual and cooperative insurers in Sri Lanka, and was conducted as part of the ICMIF 5-5-5 Mutual Microinsurance Strategy. The report was formally...

Thursday, 29 November 2018

The International Cooperative and Mutual Insurance Federation (ICMIF) has revealed that its 197 member organisations have achieved an aggregated growth of 39.3% (compared to global market growth of 16.8%) during the last ten years, according to the ICMIF Members: Key Statistics 2018 report.

ICMIF has published an updated version of its ICMIF Members: Key Statistics Report for 2018. The 2018 edition of the report provides a comprehensive overview of the 197 member organisations that make up ICMIF’s global network of cooperative and mutual insurance companies.

The report highlights that ICMIF members have grown at a...

Friday, 09 November 2018

Manchester, UK, 9 November 2018: 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.

The International Cooperative and Mutual Insurance Federation (ICMIF) has, however, worked hard for many years to offer an alternative to this stereotypical line-up and has recently made great strides in providing a more gender diverse line-up of speakers, moderators and panellists for its many global conferences and events.

 This year, for the first-time...

Monday, 17 September 2018

Manchester, UK, 17 September 2018: A five-year project to provide low-income dairy farmers with livestock microinsurance in Kenya will be launched by Kenyan cooperative insurer CIC Insurance Group (CIC) at a formal event taking place today in Nairobi. This venture has been formulated as part of the International Cooperative and Mutual Insurance Federation’s (ICMIF) 5-5-5 Mutual Microinsurance Strategy, which aims to enable microinsurance delivered by mutual and cooperative insurers to reach scale in emerging market countries. The 5-5-5 Strategy is a unique initiative which aims to build the resilience of low-income communities by ensuring...

Monday, 02 July 2018

Manchester, UK, 5 July 2018: On 7 July 2018, cooperatives around the world will celebrate the International Day of Cooperatives. Through the slogan Sustainable societies through cooperation cooperatives will show how, thanks to their cooperative values, principles and governance structures, these organisations have sustainability and resilience at their core, with concern for community as the seventh of their guiding principles.

The theme for the 2018 International Day of Co-operatives (Saturday 7 July) was confirmed earlier this year along with the slogan “Sustainable societies through co-operation”. The aim of the theme is...

Friday, 18 May 2018

Manchester, UK, 21 May 2018: A unique report on mutual and cooperative microinsurance in the Philippines has been published today by the International Cooperative and Mutual Insurance Federation (ICMIF) and Microinsurance MBA Association of the Philippines, Inc (also known as RIMANSI).

 

The report, entitled Mutual and Cooperative Microinsurance in the Philippines: A Landscape Study, was conducted as part of the ICMIF 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 over the next five years. The...

Monday, 23 April 2018

Manchester, UK, 23 April 2018: Today sees the opening of the International Cooperative and Mutual Insurance Federation (ICMIF) Meeting of Reinsurance Officials (MORO) in Montreal, Canada. The MORO Conference takes place 23-25 April and this year’s theme is Reinsuring the mutual way.

This year’s MORO has attracted elite leaders from the global reinsurance industry and is the cooperative and mutual insurance sector’s only global reinsurance conference. The conference is an opportunity for mutuals and cooperatives to share reinsurance knowledge and discuss issues of common interest in a collaborative and supportive environment. This...

Thursday, 08 March 2018

Manchester, UK, 8 March 2018  New data from the International Cooperative and Mutual Insurance Federation (ICMIF) shows that an estimated 97% of primary policyholders covered to date as a result of ICMIF's 5-5-5 Mutual Microinsurance Strategy are women. The total number of lives covered is over 3.2 million in developing countries, these are policyholders who previously had no insurance cover but who now have access to mutual microinsurance to protect them and their families.

 

The 5-5-5 Strategy aims to expand the reach of mutual microinsurance in five countries (India, the Philippines, Kenya, Colombia and Sri...

Thursday, 08 March 2018

Manchester, UK, 8 March 2018: The International Cooperative and Mutual Insurance Federation (ICMIF) newly formed Young Leaders Programme had its official launch as part of its Biennial Conference in London last October. Fifty-five young leaders attended and just under half were women, highlighting a clear commitment from mutuals and cooperatives world-wide to “press for progress”.

In total, ICMIF’s Biennial Conference saw a 28% representation by women on the speaker list and 30% representation by women on the delegate list. But it was the younger cohort who came out on top in terms of gender diversity at this event with 49% of the...

Tuesday, 27 February 2018

Manchester, GB, 26 février 2018 : La Fédération Internationale des Coopératives et Mutuelles d’Assurance (ICMIF) a annoncé aujourd'hui que l’intervenant principal à la Réunion des officiels de réassurance (connu aussi sous le nom de MORO) à Montréal sera Glenn McGillivray, directeur général de l'Institut pour la réduction des sinistres catastrophiques (ICLR). Le MORO aura lieu du 23 au 25 avril 2018 avec comme thème principal « La réassurance sur le mode mutuel ».  

M. McGillivray présentera un aperçu du panorama des pertes catastrophiques lors d'une séance sur la gestion des risques dans un monde incertain: « Apprendre...

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