Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

Peak Re named Asian Reinsurer of the Year – Gold at Insurance Asia Awards

ICMIF Supporting Member Peak Re has been named “Asian Reinsurer of the Year – Gold” at the Insurance Asia Awards 2023. Peak Re says the award is testament of its achievements over the past decade and a recognition of the company’s contribution to developing the insurance and reinsurance industry in the Asia-Pacific region. Notably, Peak […]

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ICMIF publishes its 2023 ranking of the world’s 500 largest mutual and cooperative insurers: The Global 500

The 500 largest mutual and cooperative insurance companies in the world, in terms of premium income, have once again been ranked by the International Cooperative and Mutual Insurance Federation (ICMIF) in the 2023 edition of its Global 500 report. ICMIF member organisations represent 78 of the Global 500 companies in this year’s report, compared to […]

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Gore Mutual partners with EcoClaim to reduce environmental impact and provide quicker, more affordable claims settlements

ICMIF member Gore Mutual says it is the first insurer in Canada to require their restoration contractors to obtain EcoClaim® certification, which provides unique training in the industry by focusing on repairing, rather than replacing, materials. “By utilising restoration contractors who are EcoClaim certified, we will achieve quicker claims settlements, more affordable settlements, and reduced […]

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NFU Mutual supports new video for farmers to help save lives from sepsis

A new video raising awareness of sepsis and its symptoms among farming and rural communities has recently been launched by ICMIF member NFU Mutual (UK) and The UK Sepsis Trust (UKST). The video forms part of the GBP 70,000 donated to UKST by the NFU Mutual Charitable Trust in 2022 to support the charity’s work […]

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Gallagher Research Centre announces partnership with Tohoku University in Japan to improve understanding of tsunami risk

It has been announced this week that the Gallagher Research Centre (GRC), which was launched last year by ICMIF Supporting Member Gallagher Re, is partnering with Tohoku University (Japan) to improve the understanding and quantitative assessment of tsunami risk. Through this partnership, both the GRC and the university’s International Research Institute of Disaster Sciences (IRIDeS) […]

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MAIF deploys its own reused automotive parts platform for vehicle repair claims

French ICMIF member MAIF has historically been committed to the use of used car parts for the repairs of its members’ vehicles and now it is deploying its own online platform for reused parts. As early as 2010, MAIF was involved in the reuse sector for car repairs in Poitou-Charentes, before deploying this process nationwide […]

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Co-operators ranked top insurer globally for sustainability

Canadian ICMIF member Co-operators has been recognised by Corporate Knights for its commitment to building a resilient and sustainable society in Canada and around the world. In the latest annual Corporate Knights Best 50 Corporate Citizens ranking, Co-operators is ranked as the top insurer globally, the top financial institution in Canada and sixth overall. This […]

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Sandbox Mutual Insurance launches FarmSecure: offering uncomplicated, faster, smarter farm coverage for members

This month, ICMIF member Sandbox Mutual Insurance (Canada) has introduced a new product line known as FarmSecure, announcing that it has expanded its farm products to include three protection bundles and three boxes. Sandbox Mutual Insurance says the concept of the protection bundles and “boxes” through the FarmSecure product range is a new comprehensive way […]

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Latest Swiss Re sigma report predicts emerging Asia will drive global economic growth

Emerging Asia is expected to be the main contributor to global economic growth in the coming years, according to Swiss Re Institute’s latest sigma report. With the reopening of China’s economy this year leading to a recovery in demand, ICMIF Supporting Member Swiss Re forecasts emerging Asia to grow by 5.4% in 2023/24. Inflation remains […]

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Sancor Seguros CEO Alejandro Simón recognised as business leader of the year

Alejandro Simón, CEO of ICMIF member Grupo Sancor Seguros (Argentina) has been recognised as business leader of the year by the Argentinian Association of Business Leaders (ADE, Asociación Dirigentes de Empresas). Simón is also Vice-Chair of the ICMIF Board of Directors. This prestigious award is granted annually to those leaders who stand out in Argentina, […]

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