International Cooperative and Mutual Insurance Federation

The value of belonging
INCLUDING
THE VALUE OF NETWORKING | THE VALUE OF KNOWLEDGE
THE VALUE OF GLOBAL INFLUENCE | THE VALUE OF EMERGING MARKETS | OUR HISTORY

www.icmif.org@ICMIF_Web

www.linkedin.com/company/icmifShaun Tarbuck

The value of belonging
The International Cooperative and Mutual Insurance Federation(ICMIF) may be approaching its centenary, but its relevance to today’s
cooperative and mutual insurance sector is greater than ever.
ICMIF is the only global representative body of the cooperative and mutual
insurance sector. This means it can provide unique services and activities
and thus deliver value to its members which cannot be found elsewhere.
ICMIF is owned, governed and actively guided by its member organizations
so, just like a good cooperative or mutual, it can gauge and respond to its
members’ changing needs and expectations. We exist to help strengthen our
members’ competitiveness by delivering unique market information, networking
opportunities, leadership development programmes and global advocacy.
This document aims to explain exactly how belonging to ICMIF andour three key areas of strategy and focus: knowledge, networking
and influence will create real value for your organization.

Shaun Tarbuck
Chief Executive

The value of belonging

1

Global reach for local strength• Influencing global policymakers and media• Consistent messaging• Access to business information from developed and emerging markets

ICMIF members shown in orange

2

The value of belonging

ICMIF member organizations are
based in the following countries
Algeria

Honduras

PolandArgentina

Hong Kong

Portugal

Australia

Hungary

Puerto Rico

Austria

Iceland

Qatar

BahrainIndia

Republic of Korea

BangladeshIndonesia

RussiaBarbados

IrelandSenegalBelgium

Italy

Slovenia

BrazilJamaica

Singapore

Bulgaria

Japan

South Africa

Burkina Faso

Kenya

Spain

Cameroon

LebanonSri Lanka

CanadaLuxembourg

Sudan

Colombia

Malawi

SwedenCosta Rica

Malaysia

Switzerland

Denmark

MexicoTaiwanDominican Republic

MoroccoThailand

Egypt

Netherlands

Trinidad & Tobago

El Salvador

New ZealandTunisia

FinlandNigeria

TurkeyFranceNorwayUnited Arab Emirates

Germany

PanamaUnited Kingdom

Ghana

Paraguay

United States of America

GreecePeru

Uruguay

GuatemalaPhilippines

Venezuela

The value of belonging

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Introducing ICMIF
We are unique
ICMIF is the only global representative body of the cooperative and mutual
insurance sector. It provides unique services and activities and delivers enduring
value to its 290* members which cannot be found elsewhere.

We exist to serve our members
ICMIF is owned, governed and actively guided by its member organizations
so, just like a good cooperative or mutual, it can gauge and respond to its
members’ changing needs and expectations. We exist to help strengthen our
members’ competitiveness by delivering unique market information, networking
opportunities, leadership development programmes and global advocacy.

We have a strong team
ICMIF employs 30 people worldwide and works with a number of strategic externalbusiness partners to ensure our members receive cutting-edge advice and support
to help grow their businesses. Our team is mostly based at our head office near
Manchester (UK) but we also have regional association offices in Belgium, the USA
and Japan, where eight members of the team provide local support and services
tailored to the regions.
As you would expect, the ICMIF team includes many linguists, communications,personal development, HR, legal, actuarial, events, research, reinsurance,
regulatory, finance, emerging market, sustainability and risk experts.

*In June 2016 the Association of Mutual Insurers and Insurance Cooperatives
in Europe (AMICE) voted to integrate with ICMIF.

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The value of belonging

Membership growth 1993-2016
300
290

Nuumber of member organizations

250

216

206

200

221
210

227
218

227

220

195
174
158

150
135
115
102

100
75

79

83

120

123

142

126

105

88

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 20102010 2011 2012 2013 2014 2015 2016

Members by region

Members by legal status
Global* (6%)

Global (3%)
Africa (9%)

Asia & Oceania(15%)

Americas (22%)

Takaful (5%)

Cooperative (28%)

Europe (51%)

Mutual (61%)* Includes Supporting Members and global association members

The value of belonging

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The value of... Networking
The best ideas for addressing organizational challenges often come from outside. In
fact, a clear requirement for a forum to deliver networking, business opportunities
and exchanges of best practice was the principal reason for ICMIF’s creation in 1922.
So, we have a long tradition of bringing ICMIF members together enabling them todiscuss common concerns, exchange ideas and solutions and learn from each other.

2016 Events
MONTH

DATES

EVENT

LOCATION

HOST

March

8-10

ICMIF/Americas Board meeting

San Juan, Puerto Rico

Seguros Múltiples

April

18-19

ICMIF Intelligence Committee Meeting

Brussels, Belgium

P&V

20

ICMIF Regulatory Issues Leaders Forum (RLF) Latin America

Rio de Janeiro, Brazil

Seguros Unimed

25-26

ICMIF Executive Committee Meeting

Manchester, UK

ICMIF

8-13

ICMIF Advanced Management Course (AMC)

Manchester, UK

ICMIF

York, UK

Benenden

May

24-26

Regulatory Affairs Leaders Forum (RLF)

1-3

AMICE Biennial Congress

Ghent, Belgium

AMICE

6-8

ICMIF Meeting of Reinsurance Officials (MORO)

London, UK

ICMIF

July

12-14

ICMIF/Americas Board Meeting

Washington, USA

ICMIF/Americas

August22-26

Latin American Reinsurance Group Annual Meeting (LARG)San Salvador, El Salvador

Seguros Futuro

June

OctoberNovember

December

6

ICMIF Joint Communications Leaders Forum (CLF) and5

AMICE Regulatory Affairs working group

Brussels, Belgium

AMICE

11-13

The International Summit of Cooperatives

Quebec, Canada

Desjardins and the ICA

13

AMICE Promoting working group

Brussels, Belgium

AMICE

14

AMICE Communications working group

Brussels, Belgium

AMICE

19-21

ICMIF Board and Committee Meetings

Nairobi, Kenya

CIC Insurance Group

20

Solvency II reporting workshop

Online meeting

AMICE

25-26

ICMIF Asia and Oceania Association Seminar

Tokyo, Japan

JCIF, Zenrosai andZenkyoren

28

AMICE Solvency II working group

Brussels, Belgium

AMICE

3

AMICE National Associations meeting

Brussels, Belgium

AMICE

7-9

ICMIF High Potential Course (HPC)

Singapore

NTUC Income

6-11

ICMIF Advanced Management Course (AMC)

Singapore

NTUC Income

17

AMICE Board Meeting

Paris, France

AAM/FNMF

16-17

ICMIF Intelligence Committee Meeting

Copenhagen, Denmark

LB Group

14-16

ICMIF High Potential Course (HPC)

Copenhagen, Denmark

LB Group

25

AMICE Solvency II working group

Brussels, Belgium

AMICE

30

ICMIF/Americas Board Meeting

Lima, Peru

Serviperu

30 Nov - 2
Dec

ICMIF/Americas Annual Conference

Lima, Peru

Serviperu

16

AMICE Solvency II working group

Brussels, Belgium

AMICE

The value of belonging

icmif

MEETING OF REINSURANCE
OFFICIALS 2016

Latin American
Reinsurance Group(LARG)
2016
22-26 August 2016, San Salvador, El Salvador

icmif
EVENTOS

Save the dates for the premiergathering of the mutual andcooperative insurance industry, theICMIF Biennial Conference.

Federación Internacional de Cooperativas y Mutuales de Seguros

17–20 October 2017, London, UK
Hilton London Bankside Hotel

icmif

International Cooperative and Mutual
Insurance Federation

BIENNIAL CONFERENCELONDON, 17-20 OCTOBER 2017ure:
ng the futnReinsuriencethrough innovatio

INNOVATING TO STRENGTHEN OUR COMPETITIVENESS• SHARING EXPERIENCES• INNOVATING TO EXPAND INCLUSIVE INSURANCE• MEET WITH REINSURERS• INNOVATION AND COMPETITIVESS: CHALLENGES AND OPPORTUNITIESBuilding resili

REDESIGNING
INSURANCE

6-8 JUNE 2016 DOUBLETREE BY HILTON HOTEL - TOWER OF LONDON (UK)Foro de Líderes deAsuntos Regulatorios
Región de América Latina
Miércoles, 20 de abril de 2016, 8:30 a.m. - 5.30 p.m.
Hotel Windsor Atlântica, Salón Saquarema
Rio de Janeiro, Brasil

Hosted by@ICMIF_Web#LARG2016
DELEGATE INFORMATION@ICMIF_Web#MORO2016

WELCOME | PROGRAMME | AGENDA | GENERAL INFORMATIONHOTEL INFORMATION | SUPPORTING MEMBERSASEGURANDO UN ENTORNO LEGAL Y REGULATORIO APROPIADO PARALAS ASEGURADORAS COOPERATIVAS Y MUTUALES

www.icmif.org/London2017
WORKING TOGETHER WE MAKE THE DIFFERENCE

www.icmif.org/es

2017 Events
MONTH

DATES

EVENT

LOCATION

HOST

February

21

AMICE Executive Committee

Brussels, Belgium

AMICE

March

April

8

AMICE Health working group

Brussels, Belgium

AMICE

16

AMICE Board Meeting

Athens, Greece

Syneteristiki Ins. Co.

4

ICMIF Executive Committee

Brussels, Belgium

ICMIF/AMICE

5The Regulatory Challenge Conference

Brussels, Belgium

ICMIF/AMICE

14-19

ICMIF Advanced Management Course (AMC)

Manchester, UK

ICMIF

16

AMICE Executive Committee

Brussels, Belgium

AMICE

June

7-8

AMICE Board Meeting and General Meeting

Brussels, Belgium

AMICE

AugustTBC

Latin American Reinsurance Group (LARG) Annual Meeting

Puerto Rico

Seguros Múltiples

October

16

ICMIF Board Meeting and Executive Committee

London, UK

ICMIF

17-20

ICMIF Biennial Conference

London, UK

ICMIF

14

AMICE Board Meeting

Manchester, UK

ICMIF

29 Nov 1 Dec

ICMIF/Americas Annual ConferenceMontevideo, Uruguay

Surco

May

November

2018 Events
MONTH

DATES

EVENT

LOCATION

HOST

April

23-25*ICMIF Meeting of Reinsurance Officials (MORO)

Montreal, Canada

ICMIF

June

3 -5

AMICE Biennial Congress

Stockholm, Sweden

Folksam/
Länsförsäkringar*Provisional dates

Value for members:• Networking and learning opportunities with peers from the ICMIF membership• Events that bring fresh perspectives from around the world to inspire the leaders oforganizations and teams within organizations• Unique programmes for staff development and cutting-edge business simulations which
maximize our cooperative/mutual difference via ICMIF’s Leadership+ professional
development training and events

The value of belonging

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The value of... Knowledge
We live in the information age in which we have access to a vast quantity ofbusiness papers and research reports and it is not always easy to find what is

icmif
FINANCIAL
INSIGHTSInternational Cooperative and Mutual Insurance Federation

most pertinent and helpful to us. ICMIF’s Business Intelligence Team produces
a variety of reports based on financial analysis and strategic information, which
cover a wide range of topics, but are always driven by the specific needs andrequests of ICMIF member organizations and inspired by their current challenges
and market trends.
Global MutualMarket Share 20142016 Reports
Global Mutual Market Share (2014 data)

The global insurance market share as held by mutualand cooperative insurers

INCLUDINGGLOBAL MUTUAL MARKET | MUTUAL MARKET BY REGIONMUTUAL MARKET BY LINE OF BUSINESS | REGIONAL COMMENTARY AND ANALYSIS

www.icmif.org

Infographic of female CEOs (for International Women’s Day)
Global 500 (2014 data) (M)Global Reputation Report 2016 (M)ICMIF Members’ Governance 2016 (M)Access to mutual/cooperative insurance infographic
Microinsurance Infographic

icmif
I N T E R N AT I O N A L W O M E N ’ S DAY
T U E S DAY 8 M A RC H 2 016

WOMEN IN CEO POSITIONS
Number of women CEOs
leading the 100 largest
stock company insurers
globally:

1

Number of women CEOs
leading the 100 largest
mutual and cooperative
insurers:

9

Global mutual and cooperative market infographic 2016 (2015 data)
ICMIF Members: Key Stats 2015 (M)HILDE VERNAILLENMONIQUE F. LEROUX

P&V(BELGIUM)DESJARDINS GROUP(CANADA)KATHY BARDSWICK
THE CO-OPERATORS(CANADA)NATHALIE BROUTÉLE

ANN SOMMER

NATIXIS ASSURANCES(FRANCE)LÄNSFÖRSÄKRINGAR SAK(SWEDEN)

Market InSights: France 2015
Market InSights: Germany 2015

DEANNA MULLIGAN

Market InSights: USA 2015

JOANN MARTINCSAA INSURANCE
(USA)

27%

• Access to member-only reports that highlight the strategic issues

14

30

70%

*As of March 2016. Based on 220 members (excludes ICMIF reciprocal members and Supporting Members)

Locations of ICMIF member companies witha woman CEO worldwide

17%of member organizations in Europe
are led by a woman CEO

1• Opportunities to contribute to ICMIF’s global publications

5

1

2

1

1

1

1

1

1 in 511

11

member companies in
the Americas region are
led by a woman CEO

1
3

1#IWD2016

2

1
1

3

1

The value of belonging

14%…representingof member companies*of these
member companies
with a woman CEO
outperformed theirlocal market over theprevious five years

70

facing member organizations and offer practical advice and solutions

8

10…including of thelargest mutual andcooperative insurers

In total
ICMIF members
are led by a woman CEO…

Value for members:
can support relations with external and internal stakeholders

PENN MUTUAL
(USA)

5

In Canadaof allmutual and cooperative
insurers have a woman CEO…

30

• Unique reports about the cooperative/mutual insurance sector which

EILEEN MCDONNELL

AMERITAS LIFE
(USA)

27%

Market InSights: Latin America 2015(M) Member only

PAULA DOWNEYGUARDIAN LIFE
(USA)

Numbers indicate the total of ICMIF member companies in that country with a woman CEO

In addition the following recent reports are also available:
CEO InSights: Perspectives on leadership in the fastest
growing part of the insurance industry (M)Strategic InSights: Good to people, good for business (M)Strategic InSights: Changing consumer behaviours (M)Global Reputation report 2013 and 2016 (M)Strategic InSights: Member engagement strategies (M)Mutual and cooperative values sell: Sharing our
experiences, sharing our successes (M)Women in leadership positions (M)(M) Member only

Reports planned for 2017 include:
Global Mutual Market Share (2015 data)
Global 500 (2015 data) (M)CEO InSights 2017 (M)Strategic InSights: Big data and advanced analytics (M)Market InSights: Europe 2015
Gen Y Report (M)ICMIF Members: Key Stats 2016 (M)Market InSights: Latin America 2016
Market InSights: USA 2016
Market InSights: France 2016
Market InSights: UK 2016
Market InSights: Germany 2016
Global mutual and cooperative market infographic 2017 (2016 data)(M) Member only

The value of belonging

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The value of...
Global influence
The key challenges for cooperative/mutual insurers often stem from the increasing
influence of international and regional external organizations such as regulators,
supervisors, civil society (in particular, non-governmental organizations) and the
media. All these organizations can dramatically affect the future of our sector.
ICMIF works with and on behalf of its member organizations to promote thecooperative/mutual insurance sector to a wide range of global external bodies,to ensure the sector’s socio-economic importance is well understood and its
interests are not ignored.
We have active relationships with key global policymakers, regulators and politicalleaders who have the power to influence the future for cooperative and mutual
insurance. These include:• The United Nations and the World Bank;• High-level connections with the United Nations Development Programme(UNDP); the United Nations Office for Disaster Risk Reduction (UNISDR);
the United Nations Environment Programme (UNEP); the Sustainable
Development Goals (SDGs); the Office for the Coordination of Humanitarian
Affairs (OCHA); and the UN Secretary General’s office• Insurance Development Forum (IDF); ICMIF is a founding member and is amember of the management committee; two ICMIF members are members of
the Steering Committee, its highest authority• The G20 (Group of 20) and the B20 (Business 20), which makes
recommendations to the Financial Stability Board (FSB); ICMIF has seven
representatives on three B20 taskforces  • The International Association of Insurance Supervisors (IAIS); ICMIF sits on
the drafting committee of the IAIS’s Application Paper on the Regulation of
Mutual, Cooperative and Community-based Organizations (MCCOs)• The Organization for Economic Co-operation and Development (OECD)• The Financial Stability Board (FSB)10

The value of belonging

In Latin America we are recognized by ASSAL (the regional arm of IAIS) as aworking partner.
In Europe we are a key partner of the European Union, representing mutual andcooperative insurers as one of EIOPA’s five key stakeholders. We also represent
mutual and cooperative insurers and aspects of the social economy agenda inEurope through official status on EIOPA’s Insurance & Reinsurance Stakeholders
Group, Insurance Europe’s Strategic Committee and Social Economy Europe. We
have recognised status and relationships with the European Commission andEuropean Parliament, as well as an extensive network within the institutions at
individual and cabinet levels.
We have also consulted widely with ICMIF members to produce our first-everGlobal Manifesto and Regulators Guide to Mutual Insurance. These are key
reference sources for regulators and supervisory bodies about our sector.

icmif

International Cooperative and Mutual Insurance Federation

International Cooperative andMutual Insurance Federation‘A Global Reach for Local Strength’

A practical guide tounderstanding mutual insurance

Protecting lives and livelihoods
The ICMIF Global Manifesto 2015

INCLUDINGINFLUENCE | KNOWLEDGE | NETWORKING | MEMBERSHIP | GOVERNANCE | HISTORY
Edition 1

www.icmif.org

The value of belonging

11

Nelson Kuria, Former Chief Executive, CIC Kenya at the Third UN
World Conference on Disaster Risk Reduction, Sendai, Japan, 2015.

Sebastian von Dahlen, former Chairman, G-SII Analysts Working
Group (G-AWG), International Association of Insurance Supervisors,participating in the Contributing to a new world session at the ICMIF
Biennial Conference 2015 held in Minneapolis (USA).

Janos Pasztor, former United Nations Assistant Secretary-General on
Climate Change. Pasztor was interviewed for ICMIF’s Voice magazine
after the Conference on Climate Change (COP21) held in Paris (France)in December 2015. ICMIF also participated in the sessions at COP21.

Value for members:• Regular updates on international regulation and supervision which impact
member organizations• Member consultation regarding global issues facing our sector• Representation of the interests of cooperative and mutual insurers among
key external influencers at a global level• Opportunities for members to become actively involved in global advocacy forthe sector as representatives at high-level events and meetings• Mapping of the global regulatory arena

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The value of belonging

ICMIF contributes intelligence and data to a number of high-profile,
external reports and publications issued by the following:• Swiss Re• A.M. Best• The B20
• KPMG• IAIS• The Cambridge Institute for Sustainability Leadership• UNEP Inquiry into the Design of a Sustainable Financial System• UN Secretary General’s report on Climate Change initiatives

The value of belonging

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The value of… ICMIF’scommunications strategy
Managing the sector’s reputation has never been more crucial. ICMIF’s first of its
kind Global Reputation Report was published in 2013 and provided evidence ofthe sector’s reputational qualities and strengths across many different aspects, aswell as its limitations and opportunities for growth.
The evidence was used to identify ICMIF’s key reputation priorities which included
raising the visibility of the sector, having a louder voice in the global conversation,
strengthening the sector’s association with strong financial performance, creating
more references to cooperative and mutual values by external audiences, andincreasing positive sentiment towards the sector.

GlobalReputation
ReportICMIF’s study of the cooperative and mutual insurance sector

Following an extensive communications strategy, in 2015, follow-up research wasundertaken to measure progress against those key reputation objectives. This
report details that progress.

icmif
S T R AT E G I CINSIGHTSInternational Cooperative and Mutual Insurance Federation

Key findings include:• An 11% increase in the global visibility of the sector since 2013
• A 93% increase in the sector’s share of voice within high profile content andconversation• A 184% increase in the sector profile that references cooperative and mutual
values• 4 out of 5 references to cooperative/mutual values come from external
content.
• A 60% increase in net positive sentiment towards the sector• A 78% increase in the sector’s alignment with key global issues in insurance

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The value of belonging

Global Reputation
Report 2016
INCLUDINGCOMPOSITION OF THE BOARD OF DIRECTORSDIVERSITY OF SENIOR MANAGEMENT AND CEO
TENURE OF THE BOARD/CEO

www.icmif.org

voiceMagazine
www.icmif.org

THE MAGAZINE OF THE INTERNATIONAL
COOPERATIVE AND MUTUAL INSURANCE FEDERATIONICMIF’s communications
strategy: Keeping
members andinfluencers informed…

ICMIF’s 5-5-5Strategy: Building
resilient communities

Voice – thought-leadership, printed magazine published three times per year

CEO profile: Tom Gitogo – It’s all about thecustomer experience

Overview (quarterly updates) – Digital newsletters focused on action taken by

European mutuals strengthened as AMICE andICMIF combine forces

ICMIF and its members to deliver the Federation’s business strategy

ICMIF’s mutual microinsurance initiative will
provide protection against climate change risks
ISSUE 86 SEPTEMBER 2016

Monthly news (new for Q3 2016) – Digital newsletters outlining the news stories,
Q2
2016

Overview
A QUARTERLY UPDATE FOR ICMIF MEMBERSHIGHLIGHTS IN THIS EDITION• AMICE members welcome newleadership and vote to become
European Regional Associationof ICMIF

new reports and events available to ICMIF members
Blogs – personalized digital comment about key issues from members, ICMIF
secretariat and specially invited guests. Published once or twice a month• ICMIF questions the scope of the
IAIS mutual document• Three licences granted for mutual
insurance companies in China• ICMIF’s 5-5-5 Mutual
Microinsurance Strategy used ascase study in B20 Policy Paper• ICMIF members join the Insurance
Development Forum SteeringGroup and ICMIF co-chairs
Microinsurance Working GroupMedia – ICMIF issues regular press releases to global insurance media titles andoffers comment on relevant issues. ICMIF is now a regular contributor to Insurance
Day, an online, subscription-only insurance journal with 18000 monthly visitors• ICMIF MORO, Gen Y andLeadership+ events score highlywith members
Since the last edition of the ICMIF
Overview we have partnered with anumber of member organizations
and made some historic advancesin terms of our alignment with themutual and cooperative insurance
sector’s regional strategies; we haveraised the profile of both issues andopportunities in emerging markets;and utilised our constantly expanding
profile to challenge global policy. The
sector’s global mutual market shareis also set to receive a boost as China
embraces mutual insurance withassistance from both ICMIF and ourmembers.
Grzegorz Buczkowski,
New AMICE President.

Twitter – The ICMIF account has over 1000 followers and shares news andcomment on current events and issues
LinkedIn – with over 4000 connections ICMIF and its staff uses this businessplatform to share stories and stay connected

The value of belonging

15

The value of...
ICMIF’s 5-5-5 mutual
microinsurance strategy
Building resilience in vulnerable communities
In January 2015, ICMIF launched the 5-5-5 Mutual Microinsurance Strategy tohelp mutual microinsurance reach its full potential scale in a number of emerging
markets and thereby having a positive impact on the lives of millions of low-income
households.
Over the course of five years, ICMIF plans to develop mutual microinsurance in fivecountries, reaching out to 5 million uninsured, low-income households, which will
equate to 25 million people in total.
The five countries (Colombia, India, Kenya, the Philippines, and Sri Lanka) wereselected based on several factors, including the fact that prominent work in thefield of mutual insurance is already being carried out there and ICMIF member
presence in those countries.

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The value of belonging

Six reasons to support the 5-5-5 Strategy• It is in the DNA of the mutual model to address the needs of vulnerable andexcluded communities• ICMIF members can share their organization’s business expertise which will
provide invaluable knowledge and insights to a developing mutual or cooperative• To provide high potential employees with a challenging and meaningful assignment
by sending them on secondment to one of the 5-5-5 project companies• To draw lessons from the innovations and experiences of emerging markets which
could prove relevant for your own business operations• To ensure that the 5-5-5 intervention stays true to its mutual mission and reaches
out to the most vulnerable communities• Develop long-term partnerships with mutuals or cooperatives in emerging markets

How to support this work
• By providing financial assistance: In the form of a grant, with an opportunity
to provide year-on-year support• By providing technical assistance: Members of your staff can beseconded to assist with initiatives such as board and staff training,
operating systems development, member education, marketing, productdevelopment, impact assessment and advocacy.
For more information or to discuss how you can support the 5-5-5 Mutual
Microinsurance Strategy, please contact Sabbir Patel, Senior Vice-President,
Emerging Markets at Sabbir@icmif.org or (+44) 161 952 5059

The value of belonging

17

Our governance
ICMIF is governed by its members, ensuring it continues to create real
membership value by offering relevant and timely services and activities.
The ICMIF board and committees are comprised of ICMIF member
representatives to bring expertise and representation from around the world.
Our Board is elected by the entire ICMIF membership once every four years.

Anders Sundström,
ICMIF chair (2013-present day)

MEMBERSBOARD OF DIRECTORS
22 members

EXECUTIVE
COMMITTEE
9 members

DEVELOPMENTCOMMITTEE
24 members

INTELLIGENCECOMMITTEE
24 members

REINSURANCECOMMITTEE
15 members

Board members
Anders Sundström (Chair)
Kathy Bardswick
President and CEO,The Co-operators (Canada)Anne Mounolou
Secretary General, AAM (France)
Denis Berthiaume
President and COO, Desjardins
Sécurité Financière (Canada)

Alfredo A González Moledo*
Chairman, AACMS (Argentina)
Jean-Louis Davet
Chief Executive, MGEN (France)
Mike Jackson* (Vice-Chair)Chief Executive, PPS (South Africa)

Chris Black
Chief Executive, FMG (New Zealand)

Tom Gitogo
Group CEO, CIC Insurance Group (Kenya)

Friedrich Caspers*
Chairman of the Board of Management,
R+V Versicherung AG (Germany)

Salah El Din Mussa*
Managing Director, Shieken Insurance
and Reinsurance Co (Sudan)

Brad Hewitt (Vice-Chair)Chief Executive, Thrivent Financial (USA)Mark Summerfield
Chief Executive, The Cooperative Insurance (UK)

Roberto Castro Hiraldo
President, Cooperativa de Seguros
Múltiples (Puerto Rico)*Due to step down in 201618

Ken Ng (Vice-Chair)Chief Executive, NTUC
Income (Singapore)

The value of belonging

Kim Yong Bok
CEO, NongHyup Life (Republic of Korea)

Lindsay Sinclair
Group Chief Executive, NFU Mutual (UK)
Pierluigi Stefanini
President, Unipol (Italy)
Hiroshi Nakaseko
President of the Board of
Directors, Zenrosai (Japan)
Hilde Vernaillen (Vice-Chair)
Chair of the Management
Committee, P&V (Belgium)
Dr Wolfgang Weiler
CEO, HUK-COBURG (Germany)
Tamotsu Shozui
President of the Board of
Directors, Zenkyoren (Japan)Our history
ICMIF was formed in 1922 by a group of five cooperative insurance companies
under the inspirational leadership of Joseph Lemaire, the then CEO of laPrévoyance Sociale (now known as P&V) Belgium, as a specialized arm of theInternational Co-operative Alliance (the Alliance ) to enable them to network andshare information.
A reinsurance broking service was set up in 1949 to encourage reciprocal
reinsurance between members and to respond to the smaller cooperatives’
struggle to find reinsurance capacity on the open market. This service continued
until 2005 but the demand for reinsurance knowledge and information-exchange
is still a driver for ICMIF membership today as witnessed at the MORO Conference,
where business transactions occur during the Mini Monte-Carlo.
In the 1960s, a development function was established to help the creation of newcooperative insurers in emerging markets. Over the years ICMIF and its members
have helped set up over 25 mutual insurers including successful organizations
such as NTUC Income (Singapore), CIC Kenya (Kenya) and Seguros Multiples(Puerto Rico) to name just a few. ICMIF’s development activities continue todaywith a focus on our 5-5-5 Strategy.

Some of our past chairs include...

John Balmforth(2009-2013)

Kathy Bardswick(2005-2009)

Jean Louis Bancel(2001-2005)

The value of belonging

19

A strategic review was instigated by the ICMIF Board in the 1990s, leading to theestablishment of ICMIF’s first permanent office and staff, near Manchester (UK)in 1992. This enabled the creation of new functions delivering communications,research and regular events. As at 1 September 2016, ICMIF membership was
290 members (including groups of companies) in 75 countries in six continents.

ICMIF membership growth since 1922
75

300

70
57

200

50
40

150
26

30

100

0

The value of belonging

20

10
4

10
0

1922

1948

Regional associations

20

60

1974

1999

2016

Countries represented

Member organizations

250

50

80

“The ICMIF Biennial Conference...
is now a ‘must have’ rather than a ‘nice to have’. All in all, the gain to ourbusiness and, more personally, to the people from the company who attend, isworth a lot.”
Lindsay Sinclair,NFU Mutual (UK)“I have definitely benefited...
from the 2013 Advanced Management Course. Although the attendees werefrom a variety of countries, we are basically all facing similar challenges. WhenI came back home, I was telling the head of our department and my groupleader that this course was the best I have ever attended.”Andreas Schulz,
R+V (Germany)“Fantastic Communications Leaders
Forum agenda...
Very informative, well organised – very worthwhile event. So glad I came!”
Jayne Russell
The Co-operators (Canada)“Excellent themes at the 2015 Regulatory
Leaders Forum...
Really interesting for the mutual and cooperative sector. Congratulations”
Rebeca Rivera
Coopenae Sociedad Agencia de Seguros S.A. (Costa Rica)

The value of belonging

21

How to find out moreor join ICMIF
If you would like to talk to us further about ICMIF, please contact
Liz Green, Senior Vice-President, Membership Services
liz@icmif.org
Telephone +44 161 929 5090

ICMIF
Denzell House, Dunham Road, Bowdon, Cheshire, WA14 4QE, UK
Tel: +44 161 929 5090

Fax: +44 161 929 5163

The International Cooperative and Mutual Insurance Federation(ICMIF) is a best practice organization committed to giving its
members from around the world a competitive advantage. ICMIF
helps to grow its mutual and cooperative insurance member
organizations by sharing strategies and the latest market
intelligence.

For more information please visit:www.icmif.org
Follow us on Twitter@ICMIF_Web
Connect with us on LinkedIn
www.linkedin.com/company/icmif

International Cooperative and Mutual Insurance Federation