Promutuel Insurance has announced that it had become a member of the International Cooperative and Mutual Insurance Federation (ICMIF),
ICMIF is a group of 203 mutual and cooperative insurance in 63 countries across the globe.
"With 170 years as a mutual leader, joining ICMIF marks an important step in achieving Promutuel’s ambitions. In the wake of the acceleration of our profitable growth strategy, Promutuel is considering expansion outside Quebec with an increasingly dominant presence in markets where it is under-represented,” said Promutuel Insurance CEO Geneviève Fortier.
Fortier added that Promutuel’s ICMIF membership will allow it to access a network of world-renowned experts and the group’s knowledge hub, while supporting the establishment of new partnerships with other mutuals.
"On behalf of ICMIF, our board of directors and our 203 member organizations, we are delighted to welcome Promutuel Insurance to the global network of member-owned insurers,” added ICMIF chief executive Shaun Tarbuck. “We look forward to opportunities to collaborate with Promutuel leaders for the mutual benefit of our members.”
Presently, Promutuel has 2,000 employees serving about 650,000 insured members.