The China Insurance Regulatory Commission has issued new guidelines on information disclosure for mutual insurance companies, according to a statement from the regulator. The new rules aim to strengthen transparency and operational management of mutual insurance companies for the public interest and long term development of this sector, said the CIRC. Internationally, there are relatively […]
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Desjardins (Canada) is announcing the launch of Alert, a new smart home insurance program to prevent water damage, available nationwide. When clients with a home insurance policy from Desjardins Insurance or The Personal sign up for Alert, they get a free water, freeze and humidity detector to place in their home close to a potential […]
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Recent research carried out by the International Cooperative and Mutual Insurance Federation (ICMIF) on gender diversity at board, CEO and senior management level demonstrates that 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 […]
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Last month Co-op Insurance, a UK-based member of the International Cooperative and Mutual Insurance Federation (ICMIF), launched its new carbon offset programme. Co-op Insurance says this is a first for the UK insurance market. The programme will see the organisation offset a proportion of its motor and home insurance customers’ carbon emissions, as standard. As of […]
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Achmea, a Netherlands based member of the International Cooperative and Mutual Insurance Federation (ICMIF) has joined the Blockchain Insurance Industry Initiative B3i to further explore the potential use of distributed ledger technology for the insurance industry. Since its launch in October 2016, the B3i initiative has gained broad attention across the industry and beyond, while […]
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Earlier this month Simplyhealth, a UK-based member of the International Cooperative and Mutual Insurance Federation (ICMIF), announced that it has become the new title sponsor of UK’s biggest mass participation running series of events – known as The Great Run Series. The Great Run events include the world’s largest half marathon, now called the Simplyhealth Great North […]
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For the first time in its history, ICMIF member Securian Financial Group is expanding beyond its home territory of the United States. The 136-year-old financial services company has signed a definitive agreement with ivari to purchase its affiliate companies that are leading providers and distributors of insurance products to Canadian banks, credit unions and retailers. The businesses to be […]
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ICMIF member Takaful Insurance of Africa’s innovative index-based livestock insurance policy has been recognized internationally for its success protecting low-income pastoralist farmers in Kenya from drought and climate change. The New York Times has hailed the project as “cheaper and better than life insurance”, and the UK-based Guardian publication has praised it as “a promising […]
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Speaking this week to the Chamber of Commerce of Metropolitan Montreal (Canada), Guy Cormier (pictured), Chair of the Board, President and CEO of ICMIF member Desjardins Group, announced the creation of a $100 million development fund that will increase Desjardins’s “capacity to act”. The Desjardins Group is the world’s sixth largest cooperative financial group. Reflecting upon […]
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FMG, the New Zealand based member of the International Cooperative and Mutual Insurance Federation (ICMIF) has been announced as the inaugural winner of the Cooperative Business of the Year award in New Zealand. FMG was announced the winner on Wednesday 10 August during the Cooperative Business New Zealand association (the trade body for cooperatives in […]
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