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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Dutch ICMIF member Univé has announced that it now provides more extensive insurance cover for businesses for the consequences of fires involving solar panels. In the agricultural sector in particular, the cooperative insurer is seeing a growing interest in generating and using solar energy. As the use of solar panels grows there is an increase […]
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Australian ICMIF member RAC has unveiled plans to launch the most comprehensive air quality monitoring network in the country, with Perth joining cities such as London, Paris and Los Angeles in the use of world-leading technology. The RAC Air Health Monitor will be powered by hundreds of sensors, showing hour-by-hour changes to the air quality […]
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ICMIF Supporting Member Gallagher Re has published its Reinsurance market report for half-year 2022. The report provides in-depth analysis of the size and performance of the reinsurance industry, based on the Gallagher Reinsurance Index group of companies. The key findings of the report are: Global reinsurance dedicated capital totalled USD 647 billion at half-year 2022, […]
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