“Canada is no stranger to extreme weather, but recent trends show that secondary perils – once considered more manageable – are now occurring with increasing frequency, intensity and unpredictability. Wildfires, floods and hailstorms are no longer just seasonal hazards; they are now a significant and persistent threat, causing billions in damages. This reshapes the risk […]
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This blog is the ICMIF Chair report from Rob Wesseling, also President and CEO at Co-operators (Canada), and is taken from the new ICMIF Member Impact Report (published October 2024). The Member Impact report highlights the impact that ICMIF’s member proposition has achieved during the last two years and includes testimonials from member organisations. As […]
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In this guest blog, Steven Hill, Head of Policy, Royal London Group (UK) and Xavier Michel, Public Affairs Director, Aéma Groupe (France), who each published manifestos this year, highlight the essential role played by mutual players in the economy and society of the countries in which they operate. Introduction Mutuals have a long history in […]
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In this guest blog, Yuriy Krvavych, Managing Director – Risk Intelligence & Strategic Advisory at ICMIF Supporting Member Guy Carpenter (UK) and William Gibbons, Principal – Insurance Investment, Mercer (UK) discuss integrated risk management within the insurance industry, and Holistic Balance Sheet Management (HBSM) as a tool for insurers to navigate and mitigate complex risks […]
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It goes without saying that today’s mutual or cooperative insurer faces both promising opportunities and unique challenges. As a sector, we represent more than 26% of the global insurance market and so play a crucial role in having a positive influence on the future impact of our industry. ICMIF members invariably stand out for our […]
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“ICMIF has played a crucial role in helping us form strong relationships with external organisations, while also introducing innovative ideas and opportunities focused on enhancing and upskilling our workforce,” writes Noel Raboy, President and CEO of ICMIF member CLIMBS (Philippines), in this guest blog for ICMIF. “As we continue to grow and evolve in our […]
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In this guest blog, Dr Ariel Guarco, President of the International Co-operative Alliance (ICA), the apex body representing cooperatives worldwide, looks at the history and origins of the first mutual insurers and insurance cooperatives; how the sector has grown through cooperation; and what the future holds for our sector, notably the significance of next year’s […]
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Every year, the reinsurance world converges on Monte Carlo for the Rendez-Vous de Septembre, a key event that sets the tone for the industry, ahead of the crucial January renewal season. This gathering isn’t just about numbers and contracts; it’s where the industry’s most pressing challenges and opportunities are dissected, discussed, and debated. Understanding these […]
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“When disaster strikes somewhere in the world and the news reaches our dinner table, my family will invariably ask me, “are you helping with this one?”. I love how this question cuts to the heart of the re/insurance business and the essential role our industry plays in the world. I’ve often used the analogy of […]
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In this guest blog, ICMIF member MAS (New Zealand) explores how its mutual model shapes everything from its community involvement to its governance and decision making and sets MAS apart from traditional shareholder-driven insurance companies. A mutual is a commercial organisation that is owned by its customers rather than outside shareholders. At MAS, that’s our […]
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