The China Insurance Regulatory Commission (CIRC) last month granted approvals for the establishment of three mutual insurance companies: Zhonghui Property Mutual, Huiyou Construction Property Mutual and Xinmei Life Mutual. Xinmei Life Mutual (known as Trust Mutual) is funded by Ant Financial, an online payment services provider which is part of the Alibaba Group, and nine […]
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New research from the International Cooperative and Mutual Insurance Federation (ICMIF) highlights that 45% of the world’s countries do not have a local law that allows mutual or cooperative insurance. A new infographic produced by ICMIF, Access to mutual and cooperative insurance, illustrates that these countries where there is no mutual/cooperative insurance law represents 9% […]
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In December 2015 Canadian ICMIF member The Co-operators released the Distracted Driving in Canada: Making Progress, Taking Action report in conjunction with the Canadian Traffic Injury Research Foundation (TIRF).  The report provides a snapshot of activities underway in Canada to reduce distracted driving. Based on an environmental scan TIRF completed in partnership with Drop It and Drive (D.I.A.D.) earlier in 2015, the report […]
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At the COP21 Conference LPAA: Private Finance Climate Action Session the mutual and cooperative insurance sector has, by invitation, showcased how it is delivering long-term, sustainable interventions to help tackle the most globally significant risks to lives and livelihoods At the COP21 Conference, the International Cooperative and Mutual Insurance Federation (ICMIF) today participated in the […]
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China has taken a vital step closer to creating a more diverse and inclusive insurance market for its people, following a landmark forum organized by its regulatory commission. Last week more than 120 officials from the China Insurance Regulatory Commission (CIRC) and potential mutual insurers assembled at The Howard Johnson Plaza, Shanghai, China for the […]
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During the Disaster Risk in the Financial System session today (Monday 16 March) at the UN World Conference on Disaster Risk Reduction the insurance sector, represented by the International Cooperative and Mutual Insurance Federation (ICMIF) and the International Insurance Society (IIS), elaborated its commitment to its innovative planet-smart investments initiative. Under the initiative, the insurance […]
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The global insurance industry, which currently accounts for a third of the world’s investment capital, yesterday (23 September, 15.30 Eastern Time Zone) took centre stage at the UN Climate Summit in New York. Pledging a rise in its climate-smart investments – from $42 billion to $84 billion by end of 2015 – the insurance industry […]
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ICMIF member Cornish Mutual has been awarded Chartered Insurer status from the UK Chartered Insurance Institute (CII) for the sixth consecutive year. Chartered status is only awarded to firms that meet the CII’s rigorous criteria relating to professionalism and capability. All Chartered Insurance firms commit to the CII’s Code of Ethics, reinforcing the highest standards […]
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This week, the International Cooperative and Mutual Insurance Federation (ICMIF) welcomed more than 360 delegates from 37 countries to attend the 2017 Biennial Conference: Redesigning Insurance at the Hilton London Bankside Hotel, UK (17-20 October). Of those delegates, 55 are young leaders, deemed by their organisation to be the mutual and cooperative insurance leaders of […]
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On International Workers’ Day (1 May), the International Cooperative and Mutual Insurance Federation (ICMIF) has welcomed the fact that, according to the latest ICMIF Global Mutual Market Share research, cooperative and mutual insurers have consistently increased their employee numbers since 2012 and over 1.13 million people were employed by the sector across the world in […]
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