Folksam is a Swedish insurance company that offers a wide variety of insurance, savings and loan products to suit every need.
International co-operation
The Insurance sector is global and Folksam has during a long time been active within different international organisations, both as member in various networks and with active support to relief organisations.
Folksam has started an organization, The Folksam International Department, to further improve and strengthen our international relations and collaborations. This Department will increase our possibilities to efficiently participate in international activities where we can achieve knowledge and information to use and share.
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Allnations
Allnations, founded in 1966, strives to provide support to developing cooperative and mutual insurance organisations that are facing difficulties in raising capital.
With a comprehensive investment policy in place, overseen by an experienced panel of investment experts, Allnations provides a unique opportunity for larger mutuals and cooperatives to extend a helping hand to their smaller counterparts.
Assistance given is designed to support the recipient companies to become stronger organisations in the future, providing greater benefits to their policyholders as well as ensuring a reasonable rate of return for Allnations Shareholders.
Folksam is represented in the Board of Directors
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AMICE
Its prime purpose is to ensure that the voice of the mutual and cooperative insurance sector in Europe is heard and that the interests of its members are taken into account in securing a level playing field for all insurers in Europe regardless of their legal form.
Combining resources and expertise
AMICE provides a platform for mutual and cooperative insurers of all sizes to combine resources and expertise, exchange experiences across national borders and discuss key issues and concerns relating to planned legislative and regulatory changes and developments.
Folksams representation
The mutual and cooperative sector accounts for one third of the insurance companies in Europe and close to 25% of premiums. With more than 100 direct members and 1,600 indirect members, AMICE speaks for a significant part of the insurance sector. Folksam is represented in the executive committee, the board of directors and various working groups
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Global Compact
The UN:s international initiative where many hundreds of companies are working to advance ten universal principles in the areas of human rights, labour, the environment and anti-corruption. The Global Compact is a direct initiative of the Secretary-General Mr Kofi Annan. Folksam signed up in 2002 as the first Swedish Insurance Company.
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ICMIF - The International Cooperative and Mutual Insurance Federation
ICMIF is a long established and unique global trade association representing cooperative and mutual insurers from around the world. The common bond uniting ICMIF members is that, as cooperatives or mutuals, they place the interest of policyholders/members before those of shareholders, working hard to ensure that they offer the best possible range of affordable products for their customers.
ICMIF aims to promote and work with the cooperative and mutual insurance sector globally by being a leader in providing information and services to members, and representing the interests of, the global cooperative and mutual insurance sector. Working together with the members in this way underpins the Federation’s commitment to providing “a global reach for local strength”.
Representing 1,5 trillion US-Dollars
This individual membership in turn represents over 600 distinct insurance organisations with assets approaching USD 1.5 trillion. Spread across more than 70 countries, these organisations employ over 260,000 people.
A further 2,700 mutual insurers are indirect members of ICMIF through their national mutual trade associations, which would bring ICMIF’s outreach to more than 15% of the global market in insurance. ICMIF can truly claim to be the voice of the world’s cooperative and mutual insurance sector.
Folksams part
Folksam is represented, by the CEO Anders Sundström, in the Executive Committee and he holds the position of vice-chair in the Board of Directors. Folksam is also represented by Charlotte Köhler Lindahl, Director International Affairs, in the Intelligence Committee and the Development Committee and as board member in Allnations.
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The Swedish Cooperative Centre (Kooperation Utan Gränser )
Folksam is active in the Swedish Cooperative Centre. We contribute with financial support and advisors by sharing our experiences. We collaborate with local organizations sharing our values concerning Environmental, equality, agriculture and countryside development. SCC´s vision is a World free of injustice and poverty.
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