Press releases Archive - International Cooperative and Mutual Insurance Federation

ICMIF press releases

OECD Index Reveals Insufficient Mutual Insurance Law flagged as ‘restrictions of market entry’

OECD says financial services sectors offer tremendous opportunities to stimulate growth and jobs but much more can be done to reduce the existing barriers as it releases its Services Trade Restrictiveness Index (STRI). The International Cooperative and Mutual Insurance Federation (ICMIF) today condemned the trade barriers affecting the creation of mutual insurance in nine OECD […]

From protection to prevention: cooperative and mutual insurers will help address urgent challenge of disaster risk reduction says UNDRR and ICMIF report

Manchester (UK) 28 April 2021 – In a new, first-of-its-kind joint report, From protection to prevention: The role of cooperative and mutual insurance in disaster risk reduction, the International Cooperative and Mutual Insurance Federation (ICMIF) and the United Nations Office for Disaster Risk Reduction (UNDRR) identify seven practical mechanisms for how the cooperative and mutual […]

EY joins the International Cooperative and Mutual Insurance Federation (ICMIF)

Manchester, UK, 21 April 2021 – The International Cooperative and Mutual Insurance Federation (ICMIF) is pleased to announce that EY has become a Supporting Member of the Federation, the global representative body for the cooperative and mutual insurance industry. EY will become a ‘Supporting Member,’ joining a group of seven other companies from around the […]

Mutual and cooperative insurers’ unique business model helps attract and retain millennial/Gen Z talent says new ICMIF report

Manchester, UK, 25 June 2020 – As the millennial and Gen Z generations continues to enter the workforce in vast numbers, it is crucial for mutual and cooperative insurers to position their unique business model as a factor in them being seen as “employers of choice” and to remain relevant for future generations. A new […]

Mutual and cooperative insurers contribute over USD 1 billion to coronavirus relief efforts

Manchester, UK, 23 April 2020 – Since mid-March of this year, when the COVID-19 virus was being recognised truly as a global pandemic, ICMIF, the global federation representing cooperative and mutual insurers, globally has been monitoring and collecting information on members’ responses to the outbreak. In total ICMIF members have given nearly USD 1 billion […]

ICMIF/Americas celebrates 40 years of serving members in the Americas region

Manchester, UK, 8 October 2019 – This year marks the 40th anniversary of ICMIF/Americas, the Americas’ regional association of the International Cooperative and Mutual Insurance Federation (ICMIF). Founded in 1979 by ICMIF with 11 member organizations in three countries, today, ICMIF/Americas represents 61 member organizations in 19 countries throughout North, Central and South America and […]

Cambridge report indicates mutual microinsurance delivers greater resilience in vulnerable communities recovering from natural disasters

Manchester, UK, Thursday 20 June 2019: A new study from the University of Cambridge Institute for Sustainability Leadership has, for the first time, analysed how mutual microinsurance, a community-owned model of insurance, contributes to the recovery of low-income households following a natural disaster. The report, looking at mutual microinsurance through the lens of the United […]

Ten year edition of ICMIF’s Global Mutual Market Share report launched: statistics confirm a decade of growth for the mutual and cooperative insurance sector

Tuesday 26 February 2019, Manchester, UK: 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 […]

Need for microinsurance regulation in Sri Lanka highlighted in new ICMIF and IPS report

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, […]

ICMIF mutual insurers achieve more than double the growth compared to the rest of the market

Manchester, UK, 20 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 […]