70% of ICMIF members exceeded their local market’s annual growth over the last financial year, according to the International Cooperative and Mutual Insurance Federation’s latest edition of the ICMIF Members: Key Statistics report.
The report provides analysis of the collective performance of the 200 members that make up the ICMIF membership today and how they perform against the wider market in both long-term and short-term comparisons.
Key findings:
- USD 247 billion in premium income
- USD 2 trillion in total assets
- Over 226,000 people employed by member organisations
- 356 million members/policyholders served
- 70.3% of ICMIF members exceeded their local market’s annual growth
In 2020, ICMIF members wrote an aggregate of USD 247 billion in insurance premiums, of which 45% (USD 112 billion) was in life insurance and 55% (USD 135 billion) was in non-life (including health) insurance.
ICMIF members, as a collective, saw their held assets surpass USD 2 trillion for the first time in the Federation’s history.
Also included in this report is analysis of ICMIF members based on legal structure, location, and affinity group, as well as a list of ICMIF’s 50 largest members ranked by premium income.
