Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

UK mutuals see premium income soar in 2017

According to the latest edition of Mutually Yours, the digital news service provided by the Association of Financial Mutuals (AFM), members of AFM saw their premium income soar to over GBP 1 billion during 2017. This, says the AFM, is an increase of over GBP 100 million in the year or an increase of 12.2%. […]

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Insurers are pursuing a range of post-Brexit plans, says A.M. Best Senior Director

In this A.M.BestTV episode, Catherine Thomas, Senior Director of Analytics at ICMIF Supporting Member A.M. Best, said insurers are creating subsidiaries, building new relationships and transferring liabilities in an effort to prepare for possible outcomes depending on how Brexit proceeds. Click here to watch the entire programme. Thomas addressed how companies are handling Brexit. “Over the […]

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RAC WA overtakes the competition for property insurance recommendations in Australia

A new study has revealed that ICMIF member RAC WA is Australia’s Most Recommended Brand in property insurance for 2018. The 2018 Property Insurance Consumer Recommendation and Loyalty Study, conducted by Australian business consultancy Engaged Strategy, surveyed over 1,600 Australian property insurance customers using advanced Brand and Customer Experience metrics, including the popular Net Promoter […]

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AVBOB celebrates centenary anniversary with ZAR 3.5 billion benefit for members

South African ICMIF member AVBOB Mutual Assurance Society has this month celebrated its 100 year anniversary. To celebrate this momentous milestone AVBOB announced plans on Wednesday 15 August 2018 to allocate ZAR 3.5 billion to their members through a new and exciting member benefit known as the AVBOB Reward Account (ARA). AVBOB is Africa’s largest Mutual Assurance […]

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ICMIF member Ömsen enters the personal healthcare insurance market

ICMIF member Ömsen (Finland) has launched a new type of mutual insurance cover for customers and entered the personal lines market by introducing a healthcare insurance for its local market. The company says the product was launched to help promote a healthier Åland (the autonomous Finnish province which the company serves). Ömsen says it is […]

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RAC announces new partnership with major arena in Western Australia bringing new benefits for members

Australian ICMIF member RAC WA has announced a new naming rights partnership with the major sports and entertainments venue in Western Australia (WA), the Perth Arena, which will be known as the RAC Arena from 1 September 2018. Since its opening in November 2012, the Arena has held an average of 80 events per year, […]

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ICMIF Young Leaders Programme will feature at the Federation’s 2019 Biennial Conference

Following its success at the 2017 Biennial Conference in London, ICMIF will once again be running a Young Leaders Programme at its next Biennial Conference, which will take place in Auckland, New Zealand, from 12 to 15 November 2019. The 2019 Young Leaders Programme is designed for young professionals (generally aged between 18 and 35) […]

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ICMIF member EMC Insurance Companies announces two new strategic partnerships

ICMIF member EMC Insurance Companies has recently announced strategic partnerships with two organisations with whom it plans to improve its digital processes and improve efficiencies in key areas of the organisation’s operations. The first partnership was announced in June with insurtech startup RiskPossible. RiskPossible has developed a digital platform that allows insurance carriers to monitor clients’ evolving operations […]

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Desjardins invests in Canada with Better Things Community Grants programme

A total of CAD 190,000 given to community initiatives nationwide Earlier this month the Desjardins Group announced the winners of its Better Things Community Grants programme. Three large grants of between CAD 20,000 and CAD 50,000 and 17 community grants of CAD 5,000 will go to deserving initiatives in Ontario, Alberta and New Brunswick. Earlier this year, […]

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Mutual and cooperative insurers are creating safe spaces for youth: International Youth Day 2018

Through a resolution adopted in 1999, the United Nations (UN) General Assembly declared 12 August as International Youth Day. The 2018 International Youth Day theme is “Safe Spaces for Youth”. International Youth Day 2018 aims to promote youth engagement and empowerment by exploring the role of safe spaces in contributing to freedom of expression, mutual […]

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