In 2023, ICMIF members wrote USD 228 bn. in premiums, and held USD 1.6 tn. in assets.
Both the total members/policyholders served & people employed by the membership rose last year.
https://t.co/nqGgPxeRTr - or search the Knowledge Hub.
#icmif#mutual#cooperative#insurance
The latest ICMIF Members: Key Statistics report shows 61% of members exceeded their local market’s annual growth-rate between 2022-2023 with aggregate totals of USD 228 billion in premiums and USD 1.63 trillion total assets across the membership. https://t.co/oyKfJFKwCg
Last week, ICMIF published its 2023/2024 Member Impact Report, showcasing our key activities, achievements and strategic initiatives over the past two years.
https://t.co/Ri23fEwbns
Some of the key milestones include...
People.
Performance.
Partnerships.
The agenda for #ICMIFConf2024 focuses on how mutual/cooperative insurers can lead, innovate and collaborate to create better-performing businesses for a purpose-led, resilient future.
#CollaboratingwithPurpose
https://t.co/8ALGF8IXlS
My blog post on the value of, and research process behind, @ICMIF_Web's Global Mutual Market Share report series, which the federation has now been publishing for almost twenty years.
In his new blog “The importance of measuring the strength, impact & growth of the global mutual insurance sector”, @NickICMIF delves into the significance of ICMIF’s 'Global Mutual Market Share reports' & their implications for our sector/industry.
https://t.co/cuCG7euuuF
From a survey of ICMIF members, we expect that as #AI capabilities (driven by #GenAI) continue to rise, AI-related technologies will become increasingly integral to the operations and future growth strategies for #mutual and #cooperative insurers https://t.co/alIRgtFynf
The Global Mutual Market Share 2024 highlights the key figures of the global mutual and cooperative insurance sector and its position in the total global insurance market.
Full report: https://t.co/Wcu33C5mRa
#insurance#cooperative#mutual
The latest edition of @ICMIF_Web's Global Mutual Market Share report shows that the global mutual and cooperative insurance sector increased its share of the total insurance market to an eight-year high of 26.3% in 2022.
https://t.co/renv0RT6H5
#insurance#cooperative#mutual
Our new Global Mutual Market Share report highlights the strength of the mutual & cooperative sector with 4,700+ mutual insurers writing USD 1.41 tn in premiums in 2022, growing the sector’s share of total insurance market to 8-year high of 26.3%.
https://t.co/DxWaS078oe
ICMIF’s Global Mutual Market Share 2024 report aggregates financial and non-financial statistics for over 4,700 #mutual and #cooperative insurers around the world. Latest data (for FY 2022) shows global mutual share hits record 8-year high https://t.co/heLgDsrm4y
Registration is now open for the 2024 ICMIF Biennial Conference in Buenos Aires this November (12-15).
Visit our dedicated website to learn more about the conference in Argentina!
#ICMIFConf2024#CollaboratingwithPurpose#ConnectingMutualsGlobally
https://t.co/ts0ngPfYjg
1/3 of all insurance in Europe is written by #mutual and #cooperative insurers as per new ICMIF / @AMICE_Mutuals data, as the sector reported record premiums in 2022 (€509bn) and annual growth that exceeded the total market in 11 of previous 15 years https://t.co/2xemMvhnhC
Very pleased to share our latest report, the European Mutual Market Share 2023, which shows a record-high annual premium income for the sector in 2022 and a share of the total European insurance market of 33.0%.
New research shows the #mutual and #cooperative insurance sector accounts for one-third of total European #insurance market with publication of European Mutual Market Share report
https://t.co/2FKDNkNhX0
We all know this past year hasn't been easy, but as the 2023 Mutual Factor report shows, mutual insurance companies are still well capitalized, according to @AMBestCo. @aon#MutualFactor https://t.co/146ubB5e1u
Earlier today, ICMIF SVP Membership @BenICMIF shared a presentation at the @AFM_UK Conference on how mutual & other member-owned insurers are strategically positioning #mutuality across their business to create a competitive advantage #AFM2023