Result for 'story', 'Insurance'

CIC KENYA pays claims relating to post-election violence

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 of co-operatives and microfinance entrepreneurs that were either [...]

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 Paraguay’s population derives its income from agriculture, much of it from subsistence farming. Paraguay is also an important producer of soya beans, being the sixth largest soya bean supplier in the world. In 2008, [...]

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 ING’s 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 of the financial crisis, which was of course not [...]

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 prosperity and influence of the Costa Rican military. This [...]

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 staff’s volunteer efforts by offering them two paid days per [...]

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