Wawanesa (Canada) has been investing in the continuous development of its employees and adapting to technological advancements to navigate the evolving landscape of the insurance industry. This approach emphasises the importance of mutual support, strategic prioritisation, and effective leadership to...

This year, we’re closely watching how the courts will respond to a recent spate of generative artificial intelligence (AI) and privacy-related litigation, evaluating how different global markets will respond to regulatory changes and thinking about how cybercriminals will evolve their...

In this ‘year of the election’, where over half the world’s population will have the opportunity to vote, we focus on global business executives’ concerns and perceived preparedness for geopolitical risk and their apprehension around the outcome of these elections...

In April 2024, ICMIF sent a survey to members with the intention of better understanding how and where mutual/cooperative insurers worldwide were implementing artificial intelligence (AI) technologies. The key findings from this survey have now been shared in a new...

As businesses face increasingly crowded domestic markets, international expansion is becoming a priority, with 1 in 10 UK business leaders planning to go global within the next year. However, the complexities of political risks and stringent regulations present significant challenges....

The violent events of January 6, 2021, at the US Capitol are part of a troubling trend of election-related unrest. Similar incidents worldwide, such as the murder of an opposition candidate’s brother in Turkey and violent election rallies in Bangladesh,...

Providing insurance to low-income communities presents unique challenges and opportunities. Success in this sector requires a multifaceted approach that includes leveraging technology, engaging with the community, and understanding the specific needs of these populations. Card MBA, a leading mutual microinsurance...

Pascal Demurger, Chief Executive Officer of MAIF (France) discusses leading a mission-driven company, combating ecological change, and the most important trends shaping the insurance sector in this CEO interview. Demurger also shares what he believes to be the essential qualities...

Länsförsäkringar is leveraging artificial intelligence (AI) to enhance customer service and streamline operations. With nearly half of Sweden’s population as customers, maintaining personalised service is vital, prompting the exploration of AI to automate tasks and simplify access to information. By...

Farm Mutal Re (Canada) has undertaken an innovation journey focused on being a beacon of mutual innovation, carving a pathway for its future and empowering its member community. Its innovation is centred around developing employee skillset with its Innovation Rotational...

This study by Guy Carpenter revalidates the findings of the Under the Lens: Investigating Cyber Vendor Model Divergence report, based on the latest model versions while expanding the scope to include tail losses. Revenue continues to be the key driver...

Co-operators (Canada) has introduced a new employee value proposition called the “Employee Promise” (EVP) to enhance talent acquisition and retention. The EVP focuses on career development, an inclusive culture, competitive compensation, and purpose-driven work. Through stakeholder engagement, clear communication, comprehensive...

OneFamily (UK) has undertaken significant changes to enhance its employee value proposition (EVP) to align with its growth and digital transformation goals. By focusing on commercial alignment, digital adoption, and robust employee support, the organisation has fostered a more commercially...

As companies speed toward investment and adoption of generative artificial intelligence (GenAI) applications, government and industry increasingly recognize that adopting the technology also creates disruptions. A new report by the National Institute of Standards and Technology (NIST) emphasized that cybersecurity...

The global nature of the reinsurance industry has enabled the diversification of risk away from concentration in specific regions to the larger global market. However, record catastrophe losses, inflation stemming from increased interest rates, geopolitical tensions and heightened climate risk...

Despite representing a significant part of the environmental impact for (re)insurers, the industry has historically been slow in calculating insurance-associated emissions due to a lack of guidance. A new guide from The Prince’s Accounting for Sustainability Project (A4S) is designed...

PPS, a mutual insurance company based in South Africa, has launched a trailblazing brand campaign titled “Finding the Forgotten Graduate.” This initiative, extending into 2023 after its inception in late 2022, is dedicated to recognising graduates who have been historically...

FMG, the leading insurer for New Zealand’s farmers and growers, differentiates itself through a relationship model that focuses on building customer intimacy and understanding its rural client base better than others in the market. As the organisation began to invest...

Inclusive insurance is not a new concept but an evolving one. Its importance in meeting the sustainable development goals in emerging markets is undisputed. Inclusive insurance enables positive social outcomes by cushioning vulnerable populations from various risks and empowering them...

NAMIC has partnered with Guy Carpenter to model the impact of potential risk scenarios on the US mutual insurance industry. In 2023, property insurers faced a record number of catastrophic weather events. However, higher primary rate levels along with expected...

In this CEO interview, Julián García, Executive Director, ADIRA, and Mónica Spadavecchia, General Manager, AACMS, the two co-hosts of the ICMIF Biennial Conference, which will take place in Argentina in November 2024, discuss the political and regulatory landscape in their...