mutuals

Mutual and cooperative insurers have been significantly outperforming other insurance companies in the period since the global financial crisis of 2007-8.

According to new research by ICMIF, the period between 2007 and 2011 has seen premium income for the world’s mutual and cooperative insurers grow by 25.4%, compared to 12% for the insurance market as a whole.

The global...

The International Cooperative and Mutual Insurance Federation / Regional Association for the Americas (ICMIF/Americas) recently elected new officers for the 2012-2013 Board of Trustees at its recent Annual Members Meeting held during the ICMIF/Americas 20th Annual Conference in Buenos Aires, Argentina.

Dr. Rafael Moliterno Neto, Chief Executive Officer of Seguros Unimed in Brazil, was...

This year’s ICMIF/Americas’ 20th Annual Conference drew an impressive total of 155 delegates from 19 countries from both the Americas’ region and around the world. Coming together in sunny Buenos Aires, Argentina, delegates focused on the unique opportunities and challenges ahead for A New Era for Cooperative and Mutual Insurance, this year’s conference theme.

On November 14th, the two...

Children at primary schools in the South West region of the UK can now learn about country life and farm safety with the help of rural mutual insurance firm Cornish Mutual. The 'FarmSafe' initiative was launched by ICMIF member Cornish Mutual to raise awareness of health and safety issues and reduce the number of deaths and injuries on farms in the area.

A recent example of this was on...

The positive contribution of mutuals to the Australian financial services industry has been highlighted this week with the presentation of prestigious industry awards at Mutuals 2012, the Abacus and AM Institute (Australasian Mutuals Institute) Convention.

The theme for the convention was “Opportunity to Action” and the event attracted over 1,000 attendees who enjoyed a full program of...

Supporting Member, A.M. Best, has recently shared with ICMIF a special report and one of their articles both of which focus on the mutual insurance sector.

The report, Addressing Structural Differences In the Rating Process, examines the mutual insurance sector’s performance in the United States market. Though the report is only based on United States mutuals it will be of interest to...

Member representatives for the UK's largest mutual healthcare organization and ICMIF member, Benenden Healthcare Society, have voted to open up the organization to the wider public.

Until now membership of the 107 year old Benenden Healthcare was only available to current or former public sectors workers as well as members of credit unions, co-operatives and charities.

At the...

The Ownership Commission, set up by the UK Labour government in 2010, last week published a report on its findings on British business ownership. The Commission, chaired by Will Hutton, was initially set up to look into how employee and cooperative forms of ownership might be applied in the UK public sector. The work was expanded, however, to look at British business ownership in general and...

The President of GEMA, Gérard Andreck, recently announced GEMA’s financial results for 2011 in which he highlighted that the GEMA mutuals have outperformed the overall French market last year in both property/casualty and life and savings.

GEMA members saw a 5% increase in their property/casualty premiums whereas the market saw an increase of just 4%. This is based on preliminary...

There are positives and negatives to both stockholder and mutual/cooperative insurers in terms of structure. Our current times, however, lend themselves ideally to the cooperative and mutual ethos with many people feeling like they “want to be there for their neighbour” said Matt Mosher, Senior Vice President of Ratings at A.M. Best, during the recent ICMIF Biennial Conference in October. “...

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