ICMIF member R+V Versicherung (Germany) has announced the transfer of around EUR 10 million to its Membership Plus customers as a premium refund.

Membership is rewarded according to the cooperative insurer. Around 273,000 R+V customers enjoyed a premium refund in March. Anyone who is a member of the cooperative can become part of the R+V Membership Plus community. The advantage of this comes if the community has a generally favourable claims history, R+V Versicherung will then reimburse up to 10 percent of the insurance premiums paid to the Membership Plus customers in the following year.