Kenyan cooperative insurer, CIC Insurance Group, took a clear stand to pay claims resulting from losses due to political violence, unlike some insurance companies that have attached conditions to honoring such claims. Post-election related claims paid by the company amounted to about Kshs. 100 million (USD 1.2 million), mainly from small businesses owned by members […]
CIC Insurance Group
The CIC Insurance Group comprises CIC General Insurance limited,CIC Life Assurance limited and CIC Asset Management limited. The Company has been in operation for the last 33 years. CIC is owned by about 1,562 Co-operative Societies and around 3,875 individual Co-operators with the Co-operative Bank of Kenya Limited holding a 26% stake. CIC is the […]
Insuring the world’s soya beans
Paraguay is sometimes referred to as Corazón de América, or the Heart of America. While it has before boasted the fastest growing economy in the globe a large proportion of Paraguays population derives its income from agriculture, much of it from subsistence farming. Paraguay is also an important producer of soya beans, being the sixth […]
Aseguradora Tajy S.A. Propiedad Cooperativa
With 14 years in the Paraguayan market Aseguradora Tajy is one of the top companies in the Paraguayan cooperative movement. Aseguradora Tajy operates in life and non-life and is made up of 24 cooperatives.
Out of crisis rises P&V
When the P&V cooperative insurance group decided to double in size through the purchase of the brokers channel of INGs Belgium operations, it didn’t realise the Global Financial Crisis was about to descend upon it. If anything demonstrates the resilience of the cooperative insurance model, that moment was it. It took place on the eve […]
P&V Group
The P & V Group is a cooperative insurance group that was founded in 1907 with the aim of offering as many people as possible fair protection. Over the years, the group has grown steadily. Each brand and distribution channel which forms part of the P & V Group has their own identity. However, they […]
SSVMN dominates insurance in Costa Rica
It was a rural schoolteacher, Alejandro Rodríguez, who first raised the idea of a social institution in Costa Rica. The year was 1920 and the country was fresh from the unhappy reign of military dictator General Federico Tinoco Granados. After Granados was overthrown, the unpopularity of his regime led to a considerable decline in the […]
Sociedad de Seguros de Vida Magisterio Nacional
The Sociedad de Seguros de Vida del Magisterio Nacional is dedicated to bringing financial protection to its members via the Mutual Life Insurance and complementary services.
Community Clean Up
Volunteers from The Co-operators and Conexus Credit Union joined the North Central Family Centre (NCFC), to clean up their neighbourhood. For both of these businesses located in Regina, Saskatchewan, the volunteer initiative is part of the International Year of Cooperatives as designated by the United Nations. In addition, The Co-operators supports their staffs volunteer efforts […]
Co-op insurance thrives in Uruguay
Professionalism, attention, cordiality, responsibility, advice, commitment, autonomy, transparency, innovation these are weighty words, but it is a heavy task that the Compañía Cooperativa de Seguros has taken on. According to its president, Sergio Fuentes, it is building a co-operative insurance business, designed to serve generations of members for years to come. Above all, when […]
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