CMIF Supporting Member Willis Re has deployed a wildfire risk solution that can be used throughout the United States. to assess location level wildfire risk, and how the risk correlates to the company’s portfolio level wildfire exposure. Willis Re said this week that the new solution supports the organisation’s clients in writing and pricing wildfire risk with […]
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The jury of the Fortuna 2019 Awards, the awards organised annually in Argentina by the business magazine Fortuna, has named ICMIF member Sancor Seguros the Best Insurer in Argentina. The awards took place earlier this month. The 15th Fortuna Awards ceremony was held at facilities of the Buenos Aires Stock Exchange, where 16 firms that […]
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“Cooperatives for decent work” On this year’s International Day of Cooperatives (CoopsDay), to be celebrated on 6 July, the International Cooperative Alliance (ICA) has issued a message to say that the ICA and cooperatives around the world are championing a commitment to decent work. This year’s event will be the 97th ICA International Cooperative Day. […]
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Global insurance premiums passed the USD 5 trillion mark for the first time in 2018, equivalent to more than 6% of world gross domestic product (GDP), the latest sigma report from the Swiss Re Institute, “World insurance: the great pivot east continues“, says. This was based mostly on solid growth in the non-life sector, particularly in China […]
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Strengthening primary insurance market conditions underpinned improvements to reinsurance prices, terms and conditions at the June 1, and July 1, 2019, renewals according to the latest 1st View renewals report from ICMIF Supporting Member Willis Re. According to the report, almost all buyers were able to secure the capacity they desired at June 1 and July 1, but […]
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South African mutual assurance society and ICMIF member, AVBOB, formally established the AVBOB Foundation in 2012 as the channel for the company’s Corporate Social Investment (CSI) initiatives. The Foundation’s primary focus is on literacy and as such, it has been spearheading the building of schools and libraries, as well as becoming a significant patron of […]
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The ILO and the ICA reaffirm vows of friendship and collaboration by signing a new MoU The International Cooperative Alliance (ICA) and the International Labour Organization (ILO) reaffirmed their century-long friendship by signing a new Memorandum of Understanding (MoU) on Monday 27 June 2019. The document states that its main purpose shall be to “foster […]
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The International Cooperative and Mutual Insurance Federation (ICMIF) is pleased to announce that Swiss Re has become a Supporting Member of the Federation, the main umbrella body for the cooperative and mutual insurance industry globally. In this new partnership Swiss Re will provide ICMIF members with the opportunity to leverage their knowledge, expertise and support […]
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The world’s 500 largest mutual and cooperative insurance companies* have again been ranked by the International Cooperative and Mutual Insurance Federation (ICMIF) in the 2019 edition of its Global 500 report. According to this year’s Global 500 report, the world’s largest mutual and cooperative insurers (ranked by premium income for year-end 2017) collectively wrote just […]
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A new study from the University of Cambridge Institute for Sustainability Leadership has, for the first time, analysed how mutual microinsurance, a community-owned model of insurance, contributes to the recovery of low-income households following a natural disaster. The report, looking at mutual microinsurance through the lens of the United Nations Sustainable Development Goals (SDGs), indicates greater resilience […]
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