Latest news from the sector

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

Co-operators champions the next generation of Canadian cooperative leaders with newly launched Co-operators Young Leaders Award

ICMIF member Co-operators (Canada) has today announced the launch of the “Co-operators Young Leaders Award”. Created in collaboration with another ICMIF member Co-operatives and Mutuals Canada (CMC), the new development and award programme aims to support young Canadian cooperative changemakers who have been identified as future sector leaders. Applications are open now for young cooperators […]

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World Cooperative Monitor 2021: 10 years of exploring the cooperative economy

The annual global research report on cooperatives produced by the International Cooperative Alliance (ICA) with the scientific support of Euricse is now available with insurance again topping the sectoral ranking and ICMIF member IFFCO (India) announced as first in the Top 300 ranking of cooperatives. The 10th annual World Cooperative Monitor (WCM) report was published […]

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AVBOB continues to support victims of gender-based violence through partnership with TEARS Foundation in South Africa

As part of its ongoing contribution to the national fight against gender-based violence (GBV) and femicide in South Africa, ICMIF member AVBOB has extended its partnership with the TEARS Foundation for another year to support the TEARS Help-at-your-fingertips® helpline. By driving awareness around such a pervasive societal challenge, and to enable people to speak up, […]

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Ecclesiastical’s Education Risk Barometer will help brokers talk through the top risks facing education clients

Specialist education insurer and ICMIF member Ecclesiastical (UK) has launched its latest Education Risk Barometer to help brokers talk to education clients about the biggest risks they face in the short, medium and long-term. The Education Risk Barometer 2021 explores the top risks within the education sector and focuses on key areas of concern including […]

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NTUC Income makes first foray overseas with offer of Insurance-as-a-Service in Southeast Asia

ICMIF member NTUC Income (Income), a leading composite insurer in Singapore, has recently announced its first overseas foray into three Southeast Asian markets through strategic partnerships with PT Central Asia Financial (JAGADIRI) in Indonesia, Post and Telecommunication Joint Stock Insurance Corporation (PTI) in Vietnam and VSure Tech Sdn. Bhd (VSure) in Malaysia. These strategic alliances […]

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Gore Mutual donates CAD 150,000 to Canadian Red Cross to support those affected by BC floods

As the extreme flooding continues to affect British Columbia in Canada, ICMIF member Gore Mutual Insurance Company (Gore Mutual) has announced that it is donating CAD 150,000 to the Canadian Red Cross to support disaster relief efforts in the province. The funds will go towards the Canadian Red Cross’ British Columbia Floods and Extreme Weather […]

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Strong growth forecast for global insurance markets as demand for risk protection increases, says Swiss Re Institute

Swiss Re Institute’s latest sigma study forecasts the global insurance industry to reach a new record in global premiums by mid-2022, exceeding USD 7 trillion. This comes earlier than ICMIF Supporting Member Swiss Re estimated in July and reflects rising risk awareness, increasing demand for protection and rate hardening in non-life insurance commercial lines. The […]

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Achmea uses EUR 300 million of reserves to make health insurance premiums more affordable for customers

ICMIF member Achmea (Netherlands) is contributing about EUR 380 million from its reserves to limit the increase in the basic healthcare premiums for 2022. Of this amount, about EUR 300 million will be charged against the result for the financial year 2021. In this way Achmea contributes to the affordability of health insurance premiums for […]

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Capricorn gives record profits back to members

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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Dina Försäkringar and Länsförsäkringar top the Swedish rankings for most satisfied customers in property insurance

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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