As part of ICMIF’s recent strategy to profile key issues affecting its members in the trade media, ICMIF’s CFO and Senior Vice-President, Development Sabbir Patel was recently featured in the global insurance title, Insurance Day. In a wide-ranging article, published on April, 3, 2012, Patel addressed a number of challenges facing the Takaful insurance sector. The article also gave readers an insight into the history of Takaful and how ICMIF became involved. Insurance Day (3 April, 2012) ...

More than a billion people worldwide are now customer members of mutuals and cooperatives. It’s therefore unsurprising that our members continue to develop innovative ways to leverage customer benefits that are unique to the cooperative and mutual sector. Take Australia, for example. Never has ICMIF’s mantra ‘Its Our Time’ been more relevant. MDA National, a medical indemnity insurer for doctors, is now implementing the insights and ideas captured by their Head of Marketing, Michelle ...

Spanish credit union Caja Laboral has recently acquired all the shares in ICMIF member Seguros Lagun Aro which operates in both life and non-life insurance. Caja Laboral has taken 100% control of Seguros Lagun Aro after a payment of 65 million euros, which was an internal transaction with the Mondragón Corporation, the parent company of both Seguros Lagun Aro and Caja Laboral. Seguros Lagun Aro has a significant presence within the Basque insurance sector. In a year which has seen a dramatic ...

ICMIF member Amana Takaful, Sri Lanka, recently hosted a global takaful conference and welcomed leaders from takaful insurance providers for a two day event in Colombo. The meeting is held annually and brings together takaful and re-takaful providers from many countries for the purpose of networking and deliberation over how to shape the global thinking and practice of takaful. This year’s event brought together the three main global takaful organisations in the world for the first time ...