6th ICMIF Development Network Seminar, 1- 2 November 2012, Nairobi (Kenya)

The next ICMIF Development (Microinsurance) Network Seminar “Improving Access to Insurance” will take place on Thursday 1st and Friday 2nd November 2012 in Nairobi, Kenya, hosted by CIC Insurance Group. The seminar will have simultaneous translation into French, Spanish and English. More details will follow soon. The dates of the seminar have been set to [...]
A.M. Best Webinar: Microinsurance Moves Beyond Niches

ICMIF Supporting Member, A.M. Best organised a webinar that took place on Thursday 8 March. A panel of experts (Andrea Keenan, Michael J. McCord, Rick Koven and Sabbir Patel) examined the current state of microinsurance including distribution, funding, regulation and potential further growth. Please click here to download a summary of the webinar published by [...]
2012 is the International Year of Co-operatives!

Ban Ki-moon, UN Secretary General, states in his message to the General Assembly of the International Cooperative Alliance (ICA), Mexico (14-18 November 2011) that: “Cooperatives are a unique and invaluable presence in today’s world. They help to reduce poverty and generate jobs”. “Cooperatives have helped to prevent many families and communities from sliding into poverty.” [...]
Latest additions to ICMIF Video Interviews

Mr Nelson Kuria (MD, CIC Insurance Group, Kenya and Chairman of the ICMIF Development Committee), Dr Aris Alip (CEO, CARD MBA, Philippines) and Ms Georgina Diaz (General Administrator, Seguros del Magisterio, Costa Rica) provide their perspectives on mutual/ cooperative microinsurance. As the Managing Director of CIC Insurance Group (Kenya), Mr Kuria was asked to talk about [...]
Allnations Loan to assist distribution of microinsurance in Cameroon

Since its creation in 1991, the GMC (the first mutual insurance company in Cameroon) has always designed innovative products for individuals, suitable for both executives and the low income population. GMC (Garantie Mutuelle des Cadres) launched its product called “FAS” (Fund for Aid and Solidarity) to cover hospitalization and death for families of up to [...]
Record attendance at Fifth ICMIF Development Network Seminar “Improving Access to Insurance”

“The LARG (Latin American Reinsurance Group) Meeting/ ICMIF Development Network Seminar 2011 on 18-22 September was hosted by La Equidad in Cartegena, Colombia and brought together over 80 delegates from 22 companies and 18 countries . This being the first time the two events were held together, it was a unique opportunity for microinsurance providers [...]
Prosper Issue 9

The mutual and cooperative insurance sector has a history of finding innovative ways to address members’ needs and examples of this can be found in this issue of Prosper from Repatriation and Remittance Insurance by Seguros Futuro of El Salvador, CIC Kenya utilizing mobile money transfer platforms to facilitate affordable premium payments and CLIMBS ‘Weather [...]
First ICMIF Microinsurance Simulation: a resounding success

The ICMIF ran its first Microinsurance Workshop on the 24-25 October at the Palace Hotel in Manchester, United Kingdom. This two-day workshop gathered 15 participants from 12 different companies. The theme of this workshop was: “Business Planning for Microinsurance Success”. Building on the success of the AGILE training tool the simulation was finalised in early [...]

Member access

ICMIF member organisations can register for access to technical data on members' microinsurance products, make request from our inhouse library and participate in the online discussion forums.

Latest news

Microinsurance papers

ICMIF members can request references on different areas of microinsurance as well as information related to other member companies from our extensive inhouse library (eg. Life microinsurance in Kenya, CARD MBA in the Philippines or microinsurance regulation in Africa). The following documents contain a list of current references related to General Microinsurance, MCCO Microinsurance and [...]

Learn More

ICMIF members

ICMIF members can access technical information on other members providing insurance products to the low income sector. The following is a list of ICMIF members supporting the provision of insurance to the low-income sector. Typically the main aspects of the product offering include: insurance policies involving low levels of premiums, priced within low income persons’ [...]

Learn More

ICMIF Community

ICMIF Members can register or log in (if already registered on the ICMIF website) to participate on special member only discussion forums in the Development Network. Please note that this login is separate to the one of the Microinsurance Website. Current discussion questions include: • What benefits do the mutual model and values bring to [...]

Learn More

About us

The development function of ICMIF was founded in 1963 to help create new or support nascent insurance organisations as well as strengthen existing cooperative and mutual insurers capacity to provide affordable and accessible insurance protections to low income persons and small businesses.

In the last 40 years ICMIF development has been involved in the establishment of 25 cooperative and mutual insurance schemes. Recently ICMIF has commenced cooperation with a number of international and national development agencies. Learn More

Our services

M2M Cooperation

“Member-to-member cooperation utilises the expertise of its member organisations and established services to enable ICMIF to provide assistance to insurers at all levels of their development cycle”. In line with the cooperative principles of solidarity and helping one another ICMIF’s established member organisations are actively supporting the development of smaller insurers and startup organisations. Indeed, [...]

Learn More
Access to capital

Mutuals principally rely on retained earnings to expand their capital base, they are unable to raise capital by issuing equity. For the small insurance schemes facing rising capital requirements becomes a major barrier to their growth. Allnations Inc. was incorporated in 1966 in Columbus, Ohio, USA by six founding members from the ICMIF membership to [...]

Learn More
Microtakaful

Takaful is an Arabic word meaning “guaranteeing each other” or “joint guarantee”. The Tabarru system is the main core of the takaful system making it free from uncertainty and gambling. Tabarru’ means “donation; gift; contribution.” Each participant that needs protection must be present with the sincere intention to donate to other participants faced with difficulties. [...]

Learn More