According to the new sigma report from the Swiss Re Institute, Risk on the rise as headwinds blow stronger, the global insurance industry’s strengthening financial position offers welcome reinforcement against elevated macroeconomic and geopolitical risks. The Institute says it forecasts a slowdown coming to the world economy as headwinds from tighter monetary policy gather force […]
Read More
As part of its efforts to help build more resilient communities, Canadian ICMIF member the Wawanesa Mutual Insurance Company (Wawanesa) announced this month that it has become a signatory of the United Nations Principles for Sustainable Insurance (PSI). This global sustainability framework under the United Nations Environment Programme (UNEP) is the largest collaborative initiative between […]
Read More
Spiralling costs caused by inflation is one of the biggest risks facing the charity sector in the UK, according to the latest edition of the Charity Risk Barometer report from ICMIF member Ecclesiastical Insurance. Earlier this month, the specialist insurer published the third edition of its Charity Risk Barometer, an in-depth study exploring the immediate […]
Read More
The United Nations (UN) General Assembly has adopted a new resolution on cooperatives in social development calling for the proclamation of 2025 as an International Year of Cooperatives. The text encourages all member states, as well as the United Nations and all other relevant stakeholders, to take advantage of the International Year of Cooperatives as […]
Read More
The latest ICMIF Members: Key Statistics report from the International Cooperative and Mutual Insurance Federation (ICMIF), compiled using data taken from members’ most recent financial reports, has confirmed aggregate totals of USD 236 billion in premium income and USD 1.7 trillion in total assets held across the membership in 2022. According to the new ICMIF […]
Read More
Canadian ICMIF member, The Commonwell Mutual Insurance Group, Ontario’s largest farm mutual, has proudly reaffirmed its commitment to giving back to the communities it serves. As part of the mutual insurer’s mission to “protect individuals together,” the company has taken an innovative approach to supporting communities beyond traditional insurance services. By having a policy with […]
Read More
The 2022 Statistical Report from ICMIF member World Council of Credit Unions (WOCCU) shows the global credit union movement achieved another great milestone last year as worldwide membership topped 400 million. According to the report, as of 31 December 2022, there were 403,976,049 credit union members in 98 countries. WOCCU says the new membership figure […]
Read More
Swedish ICMIF member Folksam is the first insurer in Sweden to use a new function which measures the climate footprint in the claims management system that Folksam uses on a daily basis. The new function was launched by Folksam’s partner CAB Group and it allows claims adjusters to see the climate footprint of repairs to […]
Read More
ICMIF member Simplyhealth (UK) has announced a partnership with Business in the Community (BITC), The Prince’s Responsible Business Network. The new partnership will support the wellbeing of some of the five million carers in England and Wales via the programme, ‘Let’s Care Together’, which encourages businesses to support carers with their wellbeing by matching volunteers […]
Read More
On Thursday 2 November 2023, at the ICMIF Sustainability Summit being held in London (UK), ICMIF launched the ICMIF Insurance SDG Benchmark. The benchmark is derived from the insurance SDG (i-SDG) scores of ICMIF members. It follows the launch of the ICMIF-calibrated Insurance SDG Calculator, the first tool to quantify insurance sustainability impact against the […]
Read More