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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Japanese cooperatives have a long history of collaborating with each other and until now much of this collaboration has been coordinated through the Japan Joint Committee of Co-operatives (JJC) which was established in 1956. From 1 April 2018, the JJC will become the Japan Co-operative Alliance (JCA) in order to further promote those collaborations. For […]
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A.M. Best last week stated its belief that insurance companies’ investments in technology upgrades would help to make them remain relevant and benefit financially over the long term. According to a recent A.M. Best survey insurance companies concur and increasingly are harnessing data to improve all aspects of their business. A.M. Best is a long-standing […]
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Thrivent, a member of the International Cooperative and Mutual Insurance Federation (ICMIF) based in the USA, last week announced that Bonnie Raquet had been elected by her peers on the board to serve as the chair of the Thrivent Financial Board of Directors, making her the first female in the organisation’s history to hold this […]
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The project with the DHAN Foundation (India) under the International Cooperative and Mutual Insurance Federation’s (ICMIF) 5-5-5 Mutual Microinsurance Strategy has gained significant momentum since its launch in April 2017, with over 108,000 previously uninsured individuals from low-income communities now protected with mutual microinsurance (as of 31 December 2017). Gayathri Sakthirajan, Chief Executive of People […]
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ICMIF has unveiled details of one of its keynote speakers for its upcoming Meeting of Reinsurance Officials (MORO) in Montreal (Canada) taking place from 23-25 April 2018. Glenn McGillivray, Managing Director of the Institute for Catastrophic Loss Reduction (ICLR), will present an overview of the catastrophic loss landscape in a session on Managing risk in […]
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In the recent Forrester Customer Advocacy 2017: How Advocating For Customers Helps Financial Firms Drive Loyalty report member-owned and mutual insurers dominate the top of customer advocacy rankings for insurance companies in the USA. ICMIF member Thrivent Financial was ranked second in the report. The report found that member-owned insurers dominated the top of the insurance rankings. Five of […]
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The Centre for Agriculture and Rural Development Mutual Benefit Association (CARD MBA) has announced that over 50,000 of their members were affected by tropical storm Urduja and typhoon Vinta, both of which hit the Philippines in December 2017. CARD MBA, the insurance arm of microfinance leader CARD Mutually Reinforcing Institutions (CARD MRI) and a Philippine-based […]
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NFU Mutual is a UK-based member of the International Cooperative and Mutual Insurance Federation (ICMIF). The insurer offers a wide range of products, including general insurance, life, pensions, investments and risk management services, delivered through an agency network, as well as through a direct sales and service centre. With over 300 offices located in rural […]
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Swedish member of the International Cooperative and Mutual Insurance Federation (ICMIF), The Folksam Group, has acquired bonds issued by the World Bank (IBRD) in a private placement to a value of USD 350 million. Through this investment The Folksam Group aims to highlight the United Nations’ 17 Sustainable Development Goals (SDGs) with particular emphasis on four of them. […]
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