ICA-AP has a new member from the Philippines - Cooperative Insurance System of the Philippines Life and General Insurance. 1CISP was organised to promote and engage in life insurance services as a cooperative. Last year, 1CISP was given authority to become a life and non-life insurance cooperative as it acquired R & B Insurance Corporation to provide non-life services. They operate nationwide with 10 satellite offices and 1 branch, insuring mostly the underprivileged and farmers of the country.

Some vital statistics of 1CISP include:

Individual members: through their member cooperatives, they have insured 978,768 individuals.

Member societies 2018: 3,031 member cooperatives.

Turnover 2018: PHP 746,164,230 (CHF 13,948,439)

Budget 2018: PHP 699,000,000 in sales and 195,200,000 in income

Income 2018: PHP 216,078,247 (CHF 4,040,195)

Website: www.cisp.coop

ICA-AP now has 107 members from 33 countries.