As the US mutual insurance industry turns its sights toward 2023, many companies believe they are operating in the most dynamic reinsurance environment that the market has experienced in 15 years. The accuracy of that perception is revealed as part of a deeper look into today’s reinsurance market featured in the fifth annual Mutual Factor […]
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Earlier this month, Belgian ICMIF member the P&V Group announced it had become a shareholder alongside mobility provider D’Ieteren in the Belgian bicycle leasing scale up company Joule, for which it will also insure the bicycle fleets. As a (bicycle) insurer, the P&V Group has long been committed to sustainable mobility. Earlier this year, the […]
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ICMIF member AVBOB (South Africa), in partnership with Oxford University Press Southern Africa, launched the Road to Literacy campaign on World Book and Copyright Day this year. This national campaign invited South Africans to nominate primary schools or non-profit organisations to receive a mobile trolley library manufactured by AVBOB Industries and stocked with books donated […]
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The world’s 500 largest mutual and cooperative insurance companies have again been ranked by the International Cooperative and Mutual Insurance Federation (ICMIF) in the 2022 edition of its Global 500 report. The world’s 500 largest mutual and cooperative (hereafter referred to as “mutual”) insurance companies, in terms of premium revenue (referred to in the report […]
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The September issue of ICMIF Supporting Member AM Best’s monthly insurance magazine, Best’s Review, focuses on the mutual insurance sector in the USA. Referencing the mutual sector as an important but often overlooked part of the US industry, Best’s Review features analysis and commentary on both the mutual life/health and property/casualty (P/C) segments: “U.S. Mutuals […]
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ICMIF member Unipol Gruppo announced this week that it has signed a partnership agreement with Shell Italia to launch a strategic partnership in the mobility sector in Italy. The partnership will facilitate the development of a complete, innovative range of products and services for car drivers to help contribute to the ecological transition in the […]
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Last month, ICMIF member the Business Council of Co-operatives and Mutuals (BCCM) in partnership with its members, launched Australia’s first cooperative development fund to provide targeted legal, financial and governance advice. Early-stage for-purpose businesses that have members (not shareholders) can now apply to the fund to help grow their social enterprise. The Bunya Fund was […]
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Starting 6 September 2022, all new annuities purchased at ICMIF member Desjardins Group (Canada) will automatically go into investments that meet strict environmental, social and governance (ESG) criteria. This decision makes Desjardins the first financial institution in Canada to turn its entire range of individual savings annuities into responsible annuities. Whether it is a life […]
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A highly complex risk environment caused by influences within and outside of the sector, coupled with the evolving dynamics of a hardening market, are generating significant volatility within the reinsurance sector, yet there is much to inspire confidence amongst (re)insurers. This is according to panelists at a recent virtual media briefing “Materialising possibilities” hosted by […]
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According to the latest sigma study, “Maintaining resilience: the role of P&C insurers in a new world order” from the Swiss Re Institute, the COVID-19 pandemic and the war in Ukraine have exacerbated deglobalisation, creating an environment where concerns about supply chain resilience, energy and food security prevail. “Friend-shoring” of supply chains to allied countries […]
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