Latest News

Thursday, 04 May 2017

The International Cooperative and Mutual Insurance Federation (ICMIF) has welcomed CyberScout (formerly IDT911) as a new member of the Federation and in a partnership which aims to help grow and advance the mutual and cooperative insurance sector through greater understanding of cyber risk and how to address it. CyberScout has gained an international reputation as the best-in-class provider of identity and data defence services – from proactive protection and education, to crisis response and successful resolution.

Threats to cyber security have reached unprecedented levels worldwide. As an ICMIF Supporting Member, CyberScout will...

Thursday, 04 May 2017

Over 30 senior executives from mutual and cooperative insurers from around the world met in Washington, D.C. at the end of April for a day of strategic discussions and networking. The theme for this ICMIF event, which followed the ICMIF Intelligence Committee meeting in the same location, was centred on the latest technological and digitalisation changes impacting mutual and cooperative insurers, with a number of best-practice case studies presented by ICMIF members.

The day’s agenda began with roundtable introductions and a brief overview of each company’s strategy and new initiatives, innovations and challenges. The latest...

Monday, 24 April 2017

The first joint ICMIF/AMICE event, the Regulatory Affairs Conference: Regulating our sector - From awareness to action, took place on 5 April in Brussels, Belgium. It was hosted by member organisation P&V. This international event brought together key European and global policymakers with the leaders of AMICE and ICMIF member organisations to discuss the challenges faced by our industry from the increasingly demanding regulatory environment, and to identify appropriate solutions to these challenges.  

The agenda of the event explored the following topics:

The global view: making regulation work for our...
Tuesday, 18 April 2017

The China Insurance Regulatory Commission has issued new guidelines on information disclosure for mutual insurance companies, according to a statement from the regulator.

The new rules aim to strengthen transparency and operational management of mutual insurance companies for the public interest and long term development of this sector, said the CIRC. Internationally, there are relatively lower requirements for information disclosure on mutual insurers. In enhancing this sector’s corporate governance, the CIRC said it has expanded the scope of disclosure requirements for the management.

China introduced mutual insurance to...

Tuesday, 11 April 2017

Canadian ICMIF member The Co-operators released its 2016 Integrated Annual Report earlier this month. The report outlined the group of companies' progress and performance in 2016. In publishing its inaugural integrated report, the organisation joins a handful of pioneering Canadian companies that have adopted this emerging best practice of corporate reporting.

Integrated reporting is becoming a leading practice that provides a holistic analysis of how a company creates value for its stakeholders both in the short and long term. This approach mirrors the organisation’s strategy and decision making, says The Co-operators,...

Tuesday, 11 April 2017

Delegates at the ICMIF Biennial Conference 2017 will see some shining examples of global cooperation in practice across multi-stakeholder groups. This will include examples from the mutual and cooperative insurance leaders of tomorrow as part of the new ICMIF Young Leaders Programme which will be run for the first time ever as part of the 2017 Biennial Conference. ICMIF member organisations are being encouraged to reward their next generation of leaders with this unique, tailor-made programme of networking and personal development as well as allowing the leaders of tomorrow to experience the main Conference agenda....

Tuesday, 11 April 2017

The ICMIF Biennial Conference 2017 takes place later this year from 17–20 October 2017 in London, UK, at the Hilton London Bankside Hotel.

Redesigning insurance

Our Conference theme is Redesigning insurance. Far from an abstract proposition, mutual and cooperative insurers understand the need to consider how we can “redesign” what we do, how we do it and the products and services we offer to our members and wider communities.

Values-based insurers help mitigate some of the world’s biggest risks but we need to keep innovating in order to survive. The speakers and panels at this year’s Biennial...

Monday, 03 April 2017

The Association of Mutual Insurers and Insurance Cooperatives (AMICE) and the International Cooperative and Mutual Insurance Federation (ICMIF) are pleased to announce details of the programme for the forthcoming 7th Meeting of European Mutual and Cooperative Reinsurance Managers. The event will take place on 4-5 May 2017 in Paris, France. The event is hosted by member organisation Covéa.

Registration remains open for the event but places are limited and will be confirmed on a first come, first served basis. Members are therefore invited to register now.

Member pricing policy: EUR 300 for one registration from a...

Monday, 03 April 2017

The International Cooperative and Mutual Insurance Federation’s Regional Association for the Americas (ICMIF/Americas) has announced the date for the third annual Regulatory Leaders Issues Forum - Latin America. The forum will take place on Monday 17 April 2017 from 8:30 a.m. - 5:30 p.m. at the Sheraton Santiago Hotel and Convention Centre in Santiago, Chile.  The program this year is entitled Ensuring the Future of the Mutual Insurance Model Together and for the first time the Forum will see specially invited Chilean mutuals present and participate.

The Forum is targeted at CEOs, senior...

Wednesday, 15 March 2017

Last month Co-op Insurance, a UK-based member of the International Cooperative and Mutual Insurance Federation (ICMIF), launched its new carbon offset programme. Co-op Insurance says this is a first for the UK insurance market. The programme will see the organisation offset a proportion of its motor and home insurance customers’ carbon emissions, as standard.

As of 23 February 2017, every customer who purchases a new motor or home policy directly through Co-op Insurance, will see 10 percent* of their motor or home carbon emissions offset through carbon reduction projects in the developing world which have added social and...