Multinational professional services firm EY has become a supporting member of the International Cooperative and Mutual Insurance Federation (ICMIF), a global representative body for the cooperative and mutual insurance industry.

As a supporting member, EY joins seven other companies from around the world. ICMIF supporting members are suppliers considered important to the insurance industry, and work in partnership with ICMIF and its members to held grow the cooperative and mutual insurance sector.

The partnership will allow ICMIF members to leverage EY knowledge, expertise and support in areas including digital transformation, tax services, transactions and IFRS implementation.

“We’re excited to combine our industry experience and expertise with the ICMIF and other supporting members to help insurers address their most pressing challenges,” said Neil Pengelly, Canadian insurance consulting leader at EY. “Whether exploring new business models, optimizing customer experiences or addressing shifting workforces, we can work collaboratively to not only overcome issues, but embrace true innovation to improve performance.”

Read next: Aviva Investors now part of global insurance body

“On behalf of ICMIF, our board and our 203 member organizations, I am delighted to welcome EY, one of the world’s leading professional services networks, as a member of the federation,” said Shaun Tarbuck, chief executive of ICMIF. “Having access to EY’s expertise and global network can help ICMIF and our members take meaningful strides in navigating disruption, managing regulatory change and accelerating industry transformation to achieve long-term growth. This new relationship between ICMIF and EY presents an exciting opportunity to bring additional added value to our members around the world. Our supporting members are valued contributors to the federation, supplying advice and expertise with a specific mutual or cooperative focus.”



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