In a recent article for Middle East Insurance Review magazine Sabbir Patel, Senior Vice President and CFO, ICMIF, examines microtakaful as a form of insurance provision for the underserved Muslim...
Last December, ICMIF member SURCO Seguros of Uruguay organised a national competition for school children as part of their celebrations of the United Nations International Year of Cooperatives (IYC2012) and also as part of their CSR activities. The competition was called “Working together to build a better Uruguay” and school children throughout Uruguay were invited to write short stories about their experiences of interacting and working together with others. The aim of the competition was ...
One of ICMIF’s UK member organisations, Engage Mutual, has again been recognised by an annual UK customer satisfaction survey for its commitment to outstanding customer service. The LAMRA industry benchmark survey polls over 6,000 participants to assess customer satisfaction across 10 leading firms in the protection and savings market. Engage Mutual ranked above its peers with a customer satisfaction level of 90 per cent, 7 per cent above the industry standard.
Engage Mutual provides a number ...
At the end of April 2013, Allnations, ICMIF’s capital support facility, completed its fifth investment in an ICMIF member organisation. GMC Assurances (Garantie Mutuelle des Cadres, also known as GMC) has been granted a loan of USD 300,000 to assist them in the distribution of microinsurance in Cameroon.
Founded in 1991, GMC was the first mutual insurance company in Cameroon. One of GMC’s earliest products was called F.A.S (“Fonds d’Aide et de Solidarité” or Fund for Aid and ...
Cooperatives and mutuals are by definition more sustainable enterprises and in a recent ranking of the G-7’s 35 largest cooperatives by Corporate Knights, ICMIF members featured as the top three performers.
The top ten rankings are based on an extensive report which recognises the contribution cooperatives make in terms of social and environmental responsibility.
Corporate Knights named ICMIF member The Co-operators, as the world’s most sustainable cooperative, the UK’s largest mutual ...
Many mutual insurers choose to recruit people who share the social values and purpose as those that are key to their organisation. When executed correctly this strategy creates a lasting bond between employees and employer, says Mike Ashurst, Vice-President for Reinsurance and Training at ICMIF in a recent article for Insurance Day magazine “Talent report: Recruiting for success”.
While some insurers have sought to cut costs by reducing staff, the thriving mutual insurance sector has ...
The ICMIF 2013 Annual LARG (Latin American Reinsurance Group) Meeting will take place this year in Santa Domingo, Dominican Republic from Wednesday 26 to Friday 28 June hosted by Cooperativa Nacional de Seguros, Coop-Seguros Inc.
The meeting brings LARG members together to discuss issues such as underwriting, claims, microinsurance, strategic planning and catastrophe reinsurance as well as providing the opportunity to discuss reinsurance treaty renewals for 2014 with their reinsurers and ...
Earlier this year ICMIF member and Belgian cooperative P&V Group organised a one day conference on cooperative entrepreneurship in collaboration with the Belgian socialist political parties Sp.a and PS. P&V took the United Nations’ International Year of Cooperatives (IYC 2012) as a prompt to organise the event which they hoped would be an opportunity to strengthen its efforts in promoting cooperative enterprises in Belgium.
At the Québec International Summit of Co-operatives in ...
The latest research from ICMIF’s Shared Intelligence department shows how the mutual and cooperative sectors in the UK, USA, Canada and Europe have all consistently and significantly outperformed the rest of the insurance market since the global financial crisis of 2007/08.
The Market InSights reports from ICMIF are a series of market-specific reports compiled using the latest data from ICMIF’s global Mutual Market Share research. The reports include a detailed analysis of the 5-year growth ...
ICMIF’s Claims Network Seminar took place in London, UK, on 15 and 16 April, hosted by ICMIF Supporting Member, Clyde & Co. The event takes place biannually and focuses on best practice in claims management: new approaches and technologies. Topics discussed include:
Combating fraud
Key legal trends from around the globe
New technologies
Sustainability in claims management
Speakers included James Dadge, Clyde & Co; Ben Fletcher, Insurance Fraud Bureau, UK; and others from a number ...
Mutual insurers have found themselves in a prime position to capitalise on changes in the traditional reinsurance market, according to ICMIF Supporting Member Willis Re.
The recent 1st View April 2013 Renewals Report released by Willis Re found that changing distribution models coupled with a flood of alternative capital has left many reinsurers concerned over both their existing portfolios and their access to future growth. This provides mutual insurers with the perfect opportunity to ...
