Latest News

Wednesday, 20 September 2017

The global mutual and cooperative insurance community, represented by the International Cooperative and Mutual Insurance Federation (ICMIF), and the European mutual and cooperatives sector, represented by the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE), welcomes the application paper issued yesterday by the International Association of Insurance Supervisors (IAIS) on the regulation and supervision of mutuals, cooperatives and community-based organisations (MCCOs). The paper represents an important step forward in recognising that different types of insurers need to be regulated in a way which is appropriate...

Thursday, 14 September 2017

ICMIF is pleased to announce that insurance industry-expert and President of RMS, Mike Pritula, has been added to the line-up of speakers at its upcoming Biennial Conference in London (17-20 October).

Mike leads client service and market development for RMS, advancing the company’s role in delivering value to enable its clients’ strategic success. He joined RMS in March 2017 from McKinsey & Company where he was Senior Partner, with global responsibilities for the development of its insurance practice.

Mike, when at McKinsey, was the keynote speaker at the 2015 ICMIF Biennial Conference held in Minneapolis, where he...

Friday, 01 September 2017

Mr. Fumio Yanai has this week been confirmed as the new Chair of ICMIF’s regional association, the Asia & Oceania Association (AOA).

Mr. Fumio Yanai has been President of ICMIF member Zenkyoren, Japan, since July 2017. Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives) has a business scale of JPY57.7 trillion (USD 514.8 billion) in total assets and JPY 5.9 trillion (USD 53.1 billion) in premium and other insurance income.

Mr. Yanai joined Zenkyoren in April 1979. Since then he has held a number of various position at the organisation,...

Friday, 18 August 2017
Rowan Douglas

…Or should there be more focus on disaster risk reduction and social protection? This is an abridged article from the FT, first published on 15 August 2017.

Western governments believe insurance will help deliver relief more effectively by putting in place a quicker and more predictable source of funds when the worst happens. But some fear the policies do not cover the real risks

The insurance industry, including ICMIF and a number of its members, has assembled a host of executives, alongside the UN and the World Bank, into a group called the Insurance Development Forum, which aims to extend the use of insurance and risk...

Monday, 14 August 2017

La XIII Reunión Anual del Grupo Latinoamericano de Reaseguros (LARG por sus siglas en inglés) se llevará a cabo entre el miércoles 23 de agosto de 2017 hasta el viernes 25 de agosto de 2017 en San Juan, Puerto Rico, con Cooperativa de Seguros Múltiples de Puerto Rico, una empresa miembro de ICMIF, como anfitrión local.

El Grupo Latinoamericano de Reaseguros es un grupo de miembros de la Federación Internacional de Cooperativas y Mutuales de Seguros (ICMIF por sus siglas en inglés) que compran sus reaseguros colectivamente. El concepto fue creado originalmente en 2004 por cinco organizaciones miembro de ICMIF y ha crecido...

Wednesday, 02 August 2017

ICMIF has announced that two leading United Nations (UN) figures, both of whom are engaged in disaster risk reduction, climate change and sustainability, have joined the line-up of keynote speakers at the forthcoming ICMIF Biennial Conference in London (17-20 October 2017).

Robert Glasser (pictured), Special Representative of the Secretary-General for Disaster Risk Reduction and head of the United Nations Office for Disaster Risk Reduction (UNISDR) will participate in the opening panel session, entitled Leadership challenges in a responsible industry, on Wednesday (18 October) morning,. This session will look the crucial role that...

Thursday, 20 July 2017

Government agencies commit support to build financial resilience of poorest and most vulnerable economies

The Insurance Development Forum (IDF), a partnership of the World Bank Group, the United Nations Development Programme, and global insurers, applauds announcements by the development ministries of the United Kingdom and Germany to dedicate support to narrow the disaster protection gap for communities in the poorest countries.

Speaking at the IDF Session at the International Insurance Society Global Forum in London, Stephen Catlin, chair of the IDF commented: “This is a...

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 is hoped that this will equate to 25...

Friday, 14 July 2017

ICMIF’s European association, AMICE has launched a new collection of best practices collected from its member organisations across the region.

The publication Good practices vis-à-vis staff, member-policyholders and society comprises 33 case studies describing initiatives in a diverse range of areas including digital solutions, claims management and health initiatives. The best practices have been developed by various European mutuals for the benefit of their staff, member-policyholders and society.

These case studies are real life examples of where European mutuals are actively working to improve customer,...

Friday, 14 July 2017

The Moneywise Customer Service Awards 2017 has once again seen awards and commendations for members of the International Cooperative and Mutual Insurance Federation (ICMIF) with other mutual players in the insurance, banking and healthcare sectors also gaining recognition.

Now in its ninth year, the survey saw 50,000 customers vote for the country’s most trusted financial services companies. The number of participants in the survey means that the Moneywise Awards are the result of the biggest poll of financial services customers of its kind in the UK.

Moneywise magazine says voters were asked which companies they used for...