Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

Wawanesa Insurance announces new climate resilience centre

Canadian ICMIF member Wawanesa Insurance has announced a new partnership with the Institute for Catastrophic Loss Reduction (ICLR), a national not-for-profit focused on helping Canadian property owners, businesses and communities prepare for and adapt to the impacts of severe weather events that are being exacerbated by a warming climate. The partnership involves the opening of […]

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PPS returns exceptional value to its members despite a challenging economy

ICMIF member the Professional Provident Society (PPS), the financial services group focused solely on providing customised financial services solutions for graduate professionals in South Africa and Namibia, has announced that it has returned exceptional value to its members in 2023, as operating performance improved. The Group announced total profits that were added to its members’ […]

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Mutual income protection providers in the UK paid out over GBP 70 million in claims in 2023 with rapid growth in new business

UK ICMIF member, the Association of Financial Mutuals (AFM), has reported that its members that offer income protection products paid out GBP 70 million in claims in 2023, to 7,000 customers. Members of the AFM that offer income protection products now account for around 60% of claims on individual income protection products (i.e. excluding group […]

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Ecclesiastical shakes hands on new deal with specialist finance and insurance broker Shire Insurance

UK-based ICMIF member and specialist insurer Ecclesiastical has announced it has welcomed Shire Insurance back into its schemes book. Shire is a specialist finance and insurance broker with over 40 years’ experience working with and supporting the veterinary sector. Providing insurance for veterinary practices, including surgery, professional indemnity and employee health and wellbeing schemes. As […]

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Unipol top company in the insurance and banking sectors for reputation according to the sector-specific model built by the RepTrak Company

ICMIF member the Unipol Group (Italy) is the top company in the insurance and banking sectors in terms of reputation according to the sector-specific model built by The RepTrak Company, an international company specialising in measuring the reputation of seven thousand companies internationally in approximately forty markets every year. Ten years after the launch of […]

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EMC Insurance updates its brand; centered on “Keeping insurance human”

This week, ICMIF member EMC Insurance (USA) has launched an updated brand, which includes a new logo, tagline and visual identity. Effective Tuesday 9 April, the company’s website and social media channels have been refreshed with the new look and feel. EMC says its new logo features a distinctive letter “e” that has a signature […]

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LocalTapiola wants to be a trendsetter in effective sustainability in insurance sector

Publishing its 2023 Sustainability Report this week, ICMIF member LocalTapiola (LähiTapiola, Finland) has said it wants to be a trendsetter in effective sustainability in its sector – across Finland. The Sustainability Report 2023 describes the progress of LocalTapiola’s work within the framework of the mutual insurer’s sustainability programme, which defines the Group’s common sustainability goals […]

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Desjardins strengthens its presence in Canadian commercial insurance market thanks to ICPEI acquisition

Canadian ICMIF member Desjardins, through its subsidiary Desjardins General Insurance Group Inc., and ICPEI Holdings Inc. (“ICPEI Holdings”) have announced that they have entered into definitive agreements for Desjardins to indirectly acquire all of ICPEI’s issued and outstanding shares. ICPEI Holdings operates The Insurance Company of Prince Edward Island (ICPEI) as a wholly owned subsidiary. […]

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R+V achieves very good group result in 2023 and returns almost EUR 16 million to customers on Cashback day

On Cashback Day 2024, 5 March, German ICMIF member R+V Versicherung paid out a total of around EUR 16 million in contributions for 2023 (2023: EUR 13 million paid). The cooperative insurer said that was thanks to minor levels of claims and it meant 550,000 customers were rewarded with cashback for favourable claims history. R+V […]

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IPB Insurance celebrates six years of impact thanks to Social Enterprise Development Fund

ICMIF member IPB Insurance has shared the significant results of the Social Enterprise Development (SED) Fund, a collaboration between the mutual’s local authority members and Rethink Ireland*, in an Impact Report for the Fund published by the two organisations. According to the Impact Report, a total investment of EUR 4.4 million by IPB Insurance and […]

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