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 ...

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 ...

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 ...

Last week the European Parliament unanimously adopted a report by MEP Luigi Berlinguer (S&D party) with recommendations to the EU Commission on a Statute for a European Mutual Society. Since its withdrawal from the Commission’s legislative agenda back in 2006, a number of European Parliament reports have urged the Commission to re-table the draft legislation but MEP Berlinguer’s report is intended to put pressure on the Commission to bring forward legislation on a statute for a European ...