DEVK, a German member of the International Cooperative and Mutual Insurance Federation (ICMIF), has announced its pledge to support the ICMIF 5-5-5 Mutual Microinsurance Strategy. DEVK will be providing financial assistance to the project in the Philippines under the 5-5-5 Strategy, which will directly assist with providing mutual microinsurance to 5 million people from low-income […]
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Puerto Rican ICMIF member Cooperativa de Seguros Múltiples has now paid 92% of the claims which arose due to Hurricane Maria. They have paid 52,582 claims already said the cooperative with just 4,787 remaining. The cooperative issued a statement at the close of business on Wednesday 11 April that 92% of the 57,369 claims received had been […]
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French ICMIF members, Groupe VYV and the MAIF Group, and in particular its life insurance subsidiary Parnasse MAIF, have this week announced that they will partner to bring a new life insurance offering to the market in France. This announcement this week confirms the desire for multisectoral collaboration between the two mutual groups, Groupe VYV […]
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According to the latest 1st View renewals report from ICMIF member Willis Re, the April renewals saw the continuation of a broadly flat pricing environment. The report found that that there was a rapid reload of insurance-linked securities (ILS) funds following initially overstated Hurricane Harvey, Irma and Maria losses. There was a continued capital oversupply, […]
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The team at the International Cooperative and Mutual Insurance Federation (ICMIF) have this week donated a collection of Easter Eggs to a local charity The Children’s Adventure Farm Trust (CAFT). CAFT is based very close to the ICMIF office and the Farm provides a variety of programmes for terminally ill, disabled and disadvantaged children from […]
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CIC Insurance Group, a member of the International Cooperative and Mutual Insurance Federation (ICMIF), based in Kenya has been awarded the title of Group Life Company of the Year in the Association of Kenya Insurers Group Life Best Practice Awards. This annual event is a celebration of top performing insurance companies and sales agents in […]
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The Co-operators, a Canadian member of the International Cooperative and Mutual Insurance Federation (ICMIF), this week announced that it would assume full ownership of CUMIS General Insurance Company and CUMIS Life Insurance Company. Since 2009 The Co-operators and Central 1 have shared ownership of the two insurance companies which will soon become fully owned subsidiaries […]
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At the recent meeting of the Board of Directors of ICMIF/Americas there was a warm welcome for the newest member of the Board, Juan A. Lugo Meléndez. In addition to a seat on the ICMIF/Americas Board, Juan also sits on the main ICMIF Board of Directors. Juan is the Executive President of Cooperativa de Seguros […]
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Willis Towers Watson, a global advisory, broking and solutions company, has developed the Global Ecosystem Resilience Facility (GERF), the first global insurance facility of its kind to provide innovative finance and risk management solutions to build the resilience of ecosystems and the communities they support. The GERF was launched by Willis Towers Watson CEO, John […]
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The 24th Meeting of Reinsurance Officials (MORO) is a unique, global gathering of reinsurance professionals from the mutual and cooperative sector that meets every two years. This conference is an outstanding opportunity for ICMIF members to learn from leading reinsurance professionals as well as share reinsurance knowledge and discuss issues of common interest with other […]
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