Early this week, Kenyan ICMIF member CIC Group announced the launch of a new medical product specifically for cooperatives in Kenya, named CoopCare. The product will cover inpatient, outpatient, maternity, dental, optical, and last expense for cooperative members within Kenya. The cover will cater to cooperative members and their affiliates with a minimum membership of […]
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ICMIF member Folksam has signed an agreement with the innovative Swedish electric motorcycle and electric moped manufacturer CAKE. The agreement extends over one year and means that CAKE can offer its customers a voluntary and favourable insurance solution from Folksam, both for private and business customers. The agreement came into force in January 2022 and […]
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Last week, three Canadian ICMIF members, Wawanesa Mutual Insurance Company, Desjardins Group and Gore Mutual Insurance Company, each announced donations to support disaster relief efforts in those communities in Atlantic Canada and Eastern Quebec affected by the extreme weather caused by Hurricane Fiona. Wawanesa announced a CAD 150,000 donation to support emergency relief, which included: […]
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Member policyholders of Danish ICMIF member LB Forsikring can now share information with their insurer about a claim via live video. This means that over 400,000 members can now experience faster and more efficient claims processing. When a claim handler at LB Forsikring talks to a member in future, it will now be possible to […]
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Earlier this month, ICMIF Supporting Member and global reinsurance broker Gallagher Re, announced the launch of the Gallagher Research Centre (“GRC”). Housed within Gallagher Re’s Global Analytics & Advisory centre of excellence and led by Dr Tina Thomson as Global Head of Research, the GRC is an exciting new collaboration hub for academic, research and […]
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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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