In a new, first-of-its-kind joint report, From protection to prevention: The role of cooperative and mutual insurance in disaster risk reduction, the International Cooperative and Mutual Insurance Federation (ICMIF) and the United Nations Office for Disaster Risk Reduction (UNDRR) identify seven practical mechanisms for how the cooperative and mutual insurance sector can help drive prevention […]
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ICMIF member Royal London (UK) has launched a social innovation programme working with social enterprises, dedicated to creating and investing in bold new ways of building financial resilience to life shocks. The Changemakers programme aims to develop innovative solutions to life shocks by bringing Royal London together with experts in social innovation and people with […]
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For some companies, corporate social responsibility is little more than a box-ticking exercise. For PG Mutual (UK), one of ICMIF’s newest members, being socially and environmentally aware is firmly part of the company’s DNA. PG Mutual has been protecting its members for over 90 years and has a long tradition of being a socially responsible […]
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Desjardins Group (Canada) has announced an ambitious action plan to achieve net zero emissions by 2040 in its extended operations and in its lending activities and own investments in three key carbon-intensive sectors: energy, transportation and real estate. In response to growing expectations among members and clients for climate action, the plan builds on concrete […]
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ICMIF member Co-operative Insurance Company (CIC) Group in Kenya has won the Decade of Excellence Insurance Kenya 2021 Award awarded by the 2021 Global Banking & Finance Awards. The awards, which are known throughout the global banking and financial community, reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the financial sector. […]
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The International Cooperative and Mutual Insurance Federation (ICMIF) is pleased to announce that EY has become a Supporting Member of the Federation, the global representative body for the cooperative and mutual insurance industry. EY will become a ‘Supporting Member,’ joining a group of seven other companies from around the world. ICMIF Supporting Members are suppliers […]
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ICMIF member Thrivent (USA) is returning an estimated USD 280 million in dividends in 2021 to clients who own eligible insurance products. This is the result of rigorous expense management, strong investment practices and careful underwriting of new business which reflects Thrivent’s commitment to helping clients achieve their financial goals. Thrivent’s structure as a not-for-profit, […]
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In a year in which COVID-19 impacted lives and livelihoods, South African ICMIF member PPS remained focused on delivering its core purpose of paying valid claims and protecting its members’ financial health. Despite the challenges of the pandemic, due to its strong balance sheet and inherent profitability of its risk pool and the businesses, PPS […]
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Swedish ICMIF member Länsförsäkringar‘s investments in green, social and thematic (“sustainability-oriented”) bonds on behalf of its customers increased by approximately SEK 7.5 billion in 2020. Investments at the turn of the year amounted to more than SEK 17 billion, which corresponds to more than 13 percent of assets under management in institutional life and the […]
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Achieving net carbon neutral equivalency, investing over CAD 2 billion in impact investments, CAD 22.3 million in community support, amidst a strong financial performance top the 2020 highlights shared with member organisations of Canadian cooperative financial and insurance leader. This week, all 45 member organisations of The Co-operators Group Ltd., representing seven regions across Canada […]
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