While most organisations charge membership fees, Australia’s largest motoring cooperative Capricorn Society is doing things very differently, paying its members a record AUD 71 million in the 2021 financial year. Capricorn Society is the parent company of ICMIF member Capricorn Mutual: a non-profit mutual established to provide Capricorn Society members and their associates a competitive […]
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Two Swedish ICMIF members Dina Försäkringar and Länsförsäkringar shared first place in the commercial property insurance category in the annual survey of customer satisfaction conducted by Svenskt Kvalitetsindex (Swedish Quality Index). Each year, the survey company Svenskt Kvalitetsindex conducts a survey among insurance companies’ customers. The respondents answer questions about service levels, value for money, […]
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Canadian ICMIF member The Commonwell Mutual Insurance Group recently announced a philanthropy initiative that aims to grow community resiliency and capacity throughout Ontario and help them bounce back from the impact of the COVID-19 pandemic. To kick-start and re-energise learning, education and engagement in these communities, the mutual insurance company is pledging up to CAD […]
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A new report published last week by the Association of Financial Mutuals (AFM) and Whitecap Consulting highlights the key areas of current and future focus for UK mutual insurers and friendly societies, and provides a set of strategic considerations for the CEOs and boards of these organisations. The AFM represents 43 insurance and healthcare providers […]
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Consolidated global investment into the InsurTech sector continues to reach new highs. Capital invested in insurance technology start-ups surpassed the USD 10 billion mark for the first time in any one year on record. 2021 has now overseen a record-breaking USD 10.5 billion raised during the first three quarters of the year. Still with three […]
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Netherlands-based cooperative insurer and ICMIF member Univé won an International Best in Business Award during The Globee Awards 2021 last month. During the annual presentation, the jury declared Univé the winner in the Cybersecurity category for its launch of Univé Cyberhulp (Cyber Help), which has been included as standard for all insurance policies issued by […]
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In September of this year, Belgian ICMIF member P&V Assurances launched a pilot project: a mobile agency where visitors can receive a free check-up of their insurance. With this initiative, P&V says it is taking an alternative route to local closures and the disappearance of designated contact persons in financial services. Over recent years, increasing […]
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A key aim of Japanese ICMIF member, Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives, President: Fumio Yanai) is to contribute to the development of the agricultural sector in Japan as it is also a member of the JA (Japan Agricultural Cooperatives) Group. Currently, in domestic agriculture and local communities in Japan, the foundation of […]
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Earlier this month, Canadian ICMIF member Gore Mutual Insurance Company (Gore Mutual) was recognised as one of the winners of Guidewire’s 2021 Innovation Awards, for improving broker, customer, and employee experiences with InsuranceSuite in Guidewire Cloud. In their fifteenth year, this year’s awards honour Guidewire customers that are adapting to an accelerating pace of industry […]
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Canadian farmers can now access a new on-farm fire risk reduction programme when they insure their farm businesses with ICMIF member Co-operators. The programme will provide farm insurance customers with incentives to promote farm fire prevention using the latest innovation in detection solutions provided by PrevTech Innovations Inc. The PrevTech Solution provides electrical monitoring, fault […]
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