Latest news from the sector

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

ICMIF launches Insurance SDG Calculator, pioneering insurance sustainability impact measurement

Today, at its Centenary Conference being held in Rome (Italy), ICMIF has launched the ICMIF-calibrated Insurance SDG Calculator, the first tool to measure insurance sustainability impact against the Insurance Sustainable Development Goals (iSDGs). Swiss Re Institute developed the underlying tool under the UN Principles for Sustainable Insurance (UN PSI) iSDG initiative, focused on developing insurance-relevant […]

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Rob Wesseling of Co-operators appointed new Chair of ICMIF

The International Cooperative and Mutual Insurance Federation (ICMIF) has announced that Rob Wesseling, President and CEO, Co-operators (Canada) will be the Federation’s new Chair for a four-year term. The announcement was made during the Federation’s General Meeting on Wednesday 26 October which took place during the ICMIF Centenary Conference in Rome, hosted by ICMIF member […]

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VDS returns premiums to members through mutual bonus discount

UK ICMIF member VDS announced that GBP 600,000 in return of premium will be shared between eligible members who apply to renew their VDS Practice policy for 2023 by the end of December 2022 and this year will once again be given as a discount against the 2023 renewal premium. Reflecting VDS’s mutual model, a […]

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New Innovation Challenge Fund to boost financial resilience of low-income populations in developing countries

UNDP and the ICMIF Foundation are launching a new mechanism to promote innovative mutual insurance schemes to better protect the most vulnerable in developing countries The United Nations Development Programme (UNDP) and the ICMIF Foundation today launched the Insurance Innovation Challenge Fund. The Fund, initially funded with USD 600,000, will enable mutual insurance initiatives to […]

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Record number of conference delegates head to Rome to celebrate ICMIF’s centenary

This week, over 400 leaders from the global mutual and cooperative insurance sector will meet in Rome (Italy) for the ICMIF Centenary Conference. Founded in Rome in 1922, ICMIF is the global association for cooperative and mutual insurers. As a membership organisation, the Federation’s mission is to help its member companies achieve their strategic goals […]

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Capricorn Mutual reaches a record-breaking AUD 100 million in protection revenue

Australian ICMIF member Capricorn Mutual exceeded AUD 100 million in sales (gross protection revenue) in 2022 for the first time in its 20-year history, despite having paid out record sums for claims during one of Australia’s biggest natural disasters in early 2022. More than 200 Capricorn members affected by the devastating New South Wales and […]

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EMC Insurance recognised as industry-leading insurer by independent agents

US ICMIF member EMC Insurance Companies has earned 2023 DCC Eliteâ„¢ certification from Deep Customer Connections. The honour was awarded to only five US-based property and casualty insurance companies and represents exceptional performance in, and commitment to, ease of business experienced by independent agents. DCC Eliteâ„¢ certification requires two levels of qualification. First, Deep Customer […]

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Digitalisation enables Río Uruguay Seguros to reduce its carbon footprint by 62%

ICMIF member Río Uruguay Seguros (RUS) is a company from Entre Ríos, estaablished in Concepción del Uruguay, which has been developing and growing throughout Argentina. The cooperative insurer has been in business for more than 60 years and has around 7,000 insurance producers. Although over the years it has been incorporating new technologies to meet […]

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Wawanesa Insurance & Institute for Catastrophic Loss Reduction partner to provide six wildfire prevention grants

Canadian ICMIF member the Wawanesa Mutual Insurance Company (Wawanesa) has partnered with the Institute for Catastrophic Loss Reduction (ICLR) and collaborated with FireSmartâ„¢ Canada to offer a new community wildfire prevention grant. Wawanesa and ICLR will make available six grants of up to CAD 15,000 each to help communities across Canada increase their resilience to […]

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Co-operators launches Sustainable Investment Portfolios to help investors build wealth while making an impact on the things that matter most

Canadian ICMIF member Co-operators continues to lead the industry in using the power of its invested assets to help bring about a more sustainable society. Taking its mission a step further, the company has launched Co-operators Sustainable Investment Portfolios, a new investment product for retail clients currently distributed exclusively through Co-operators Financial Investment Services Inc. […]

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