Wednesday, July 20, 2011

International Cooperative and Mutual Insurance Federation

I was the chairman of ICMIF from 1992 to 1997. According to its website (www.icmif.org), ICMIF now has 210 members from 70 countries These members employ a total of 260,000 people and manage assets of USD 1.5 trillion. The official foreign reserves of Singapore today is USD 225 billion, according to the MAS website. These figures are not strictly comparable, but gives an idea of the size of ICMIF.  I was the first and only Asian to be elected into the position of chairman of ICMIF.