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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Research carried out by ICMIF on gender diversity at board, CEO and senior management level last year demonstrated how cooperative and mutual insurers – and particularly ICMIF member organisations – are leading the way in diversity. More and more women are leading mutual and cooperative insurers and playing a key role in growing the insurance […]
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The International Cooperative and Mutual Insurance Federation (ICMIF) newly formed Young Leaders Programme had its official launch as part of its Biennial Conference in London last October. Fifty-five young leaders attended and just under half were women, highlighting a clear commitment from mutuals and cooperatives world-wide to “press for progress”. In total, ICMIF’s Biennial Conference […]
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New data from the International Cooperative and Mutual Insurance Federation (ICMIF) shows that an estimated 97% of primary policyholders covered to date as a result of ICMIF’s 5-5-5 Mutual Microinsurance Strategy are women. The total number of lives covered is over 3.2 million in developing countries, these are policyholders who previously had no insurance cover […]
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