In the first half of this year, twice as many new customers entered the doors of Danish ICMIF member GF Forsikring compared with the same period last year. Despite negative investment return, the insurance company has upgraded its expectations for the year and says it predicts it will show good results by the year-end that will benefit […]
Read More
The Latin American Association for Reinsurance Education (LARG) is a group of mutual/cooperative insurers from Latin America. All these companies are members of the International Cooperative and Mutual Insurance Federation (ICMIF). The LARG concept was originally set up in 2004 by five ICMIF member organizations in order to purchase reinsurance collectively and the group has […]
Read More
In 2018, A.M. Best-rated U.S. property/casualty mutuals experienced a modest deterioration in underwriting results in 2017 owing largely to catastrophic events; however, these mutual insurers still posted growth in surplus and net premiums written. This is according to the Best’s Market Segment Report, “U.S. P/C Mutual Insurers: Moderate Surplus Growth Despite Elevated Losses” which was […]
Read More
A five-year project to provide low-income dairy farmers with livestock microinsurance in Kenya will be launched by Kenyan cooperative insurer CIC Insurance Group (CIC) at a formal event taking place today in Nairobi. This venture has been formulated as part of the International Cooperative and Mutual Insurance Federation’s (ICMIF) 5-5-5 Mutual Microinsurance Strategy, which aims to enable microinsurance […]
Read More
A new report on the landscape of mutual microinsurance in Kenya has been published today by the International Cooperative and Mutual Insurance Federation (ICMIF). The report, entitled ICMIF country diagnostic report on mutual and cooperative microinsurance in Kenya, was written in partnership with Kenyan-based ICMIF member organisations CIC Insurance Group (CIC) and Takaful Insurance of Africa (TIA). Local researchers ACRE […]
Read More
Australian ICMIF member RAC has this week seen the arrival in Perth of one of the world’s first driverless, on-demand vehicles, after the official unveiling of the RAC Intellicar (pictured with the RAC Intellibus) on Wednesday 12 September. Designed as a shared mobility service, the RAC Intellicar will become the newest addition to RAC’s automated vehicle programme, supported by […]
Read More
Shaun Tarbuck, Chief Executive of the International Cooperative and Mutual Insurance Federation (ICMIF), today welcomed the appointment of Denis Duverne as Chair of the Insurance Development Forum’s Steering Committee, succeeding Stephen Catlin (effective 11 September 2018). Tarbuck, who co-chairs the IDF Microinsurance Working Group said: “On behalf of the International Cooperative and Mutual Insurance […]
Read More
According to the findings from the latest Reinsurance Market Report from ICMIF member Willis Re, shareholders’ equity in 34 reinsurance companies tracked in the Willis Reinsurance Index1 totalled USD 364.9 billion, a 1.6% decrease from USD 371 billion at year-end 2017. The decrease occurred despite an improvement in net income of nearly 75% to USD […]
Read More
Optimism over a turn in the global reinsurance market after the catastrophes seen in 2017 quickly diminished after disappointing renewals for 1 January and midyear 2018, providing minimal pricing increases to reinsurers and leaving market dynamics relatively unchanged, according to a new report from ICMIF Supporting Member A.M. Best. The new Best’s Market Segment Report, […]
Read More
The Insurance Development Forum (IDF) has today announced the appointment of Ekhosuehi Iyahen (pictured) as its first Secretary General, effective 1 October 2018. The IDF is a public-private partnership led by the insurance industry and supported by international organisations including the International Cooperative and Mutual Insurance Federation (ICMIF). It aims to enhance the use of […]
Read More