ICMIF Supporting Member Peak Re, a Hong Kong-based global reinsurer, has announced the key findings of its flagship 2023 Asia Middle-Class Consumer Survey*. This year’s study, done in collaboration with Intuit Research, focuses on consumers’ needs and attitudes towards health, mental well-being and cybersecurity. Some of the key findings include: When diagnosed with a serious […]
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ICMIF member Royal London (UK) has announced it has wholly acquired the later life lending and product specialists Responsible Life and Responsible Lending (the “Responsible Group”), subject to regulatory approval. The acquisition builds on Royal London’s existing 40% stake in the businesses. Founded in 2010, Responsible Group is a market-leading later life mortgage broker and […]
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A whitepaper published this month by ICMIF Supporting Member Gallagher Re, Improving climate resilience with parametric insurance, examines the role of parametric insurance in mitigating climate change and how index-based products can help governments and policyholders tackle flood risk. The paper is part of Gallagher Re’s COP28 content. The paper’s findings state that as climate […]
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Based on the basic concept of ” seamlessly standing closer ” to its members and local residents, Japanese ICMIF member Zenkyoren says it aims to provide new added value, focusing on services such as health promotion and disaster prevention, mitigation and recurrence prevention. As part of this effort, Zenkyoren has been conducting a “Healthy Body […]
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According to the new sigma report from the Swiss Re Institute, Risk on the rise as headwinds blow stronger, the global insurance industry’s strengthening financial position offers welcome reinforcement against elevated macroeconomic and geopolitical risks. The Institute says it forecasts a slowdown coming to the world economy as headwinds from tighter monetary policy gather force […]
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As part of its efforts to help build more resilient communities, Canadian ICMIF member the Wawanesa Mutual Insurance Company (Wawanesa) announced this month that it has become a signatory of the United Nations Principles for Sustainable Insurance (PSI). This global sustainability framework under the United Nations Environment Programme (UNEP) is the largest collaborative initiative between […]
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Spiralling costs caused by inflation is one of the biggest risks facing the charity sector in the UK, according to the latest edition of the Charity Risk Barometer report from ICMIF member Ecclesiastical Insurance. Earlier this month, the specialist insurer published the third edition of its Charity Risk Barometer, an in-depth study exploring the immediate […]
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The United Nations (UN) General Assembly has adopted a new resolution on cooperatives in social development calling for the proclamation of 2025 as an International Year of Cooperatives. The text encourages all member states, as well as the United Nations and all other relevant stakeholders, to take advantage of the International Year of Cooperatives as […]
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The latest ICMIF Members: Key Statistics report from the International Cooperative and Mutual Insurance Federation (ICMIF), compiled using data taken from members’ most recent financial reports, has confirmed aggregate totals of USD 236 billion in premium income and USD 1.7 trillion in total assets held across the membership in 2022. According to the new ICMIF […]
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Canadian ICMIF member, The Commonwell Mutual Insurance Group, Ontario’s largest farm mutual, has proudly reaffirmed its commitment to giving back to the communities it serves. As part of the mutual insurer’s mission to “protect individuals together,” the company has taken an innovative approach to supporting communities beyond traditional insurance services. By having a policy with […]
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