Latest news from the sector

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

Royal London completes transfer of Aegon UK individual protection book

ICMIF member Royal London, announced yesterday that the Part VII transfer of the Aegon UK individual protection book had been formally approved by the courts in the UK. As a result of the acquisition, the life insurance, critical illness and income protection policies for nearly 400,000 customers have now transferred to Royal London. Carrie Johnson, […]

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New report confirms R+V Versicherung is on track in terms of its sustainability goals

According to the new sustainability report from German ICMIF member, R+V Versicherung, the cooperative insurer made significant progress in achieving its ambitious sustainability goals last year. The company published its 2023 sustainability report last week. As part of its sustainability strategy, R+V has set itself the goal of becoming one of the most sustainable companies […]

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Ömsen contributes to more sustainable society with installation of car charging stations at its office

ICMIF member Ömsen (Finland) has built four new charging stations outside the company office that can charge up to eight electric cars at the same time. Ömsen says the chargers are in use just in time for the summer tourist season. The charging posts have been installed just outside Ömsen’s office and there is room […]

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Sancor Seguros launches new advertising campaign for the Copa América football tournament

As official sponsor of the Argentine national football team, ICMIF member Sancor Seguros has launched a new advertising campaign for the Copa América, the football tournament organised by the South American Football Confederation (CONMEBOL) and which runs from 20 June to 14 July 2024. Through the campaign, Sancor Seguros reinforces its support for the “Scaloneta” […]

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IBISA raises USD 3 million to scale parametric insurance solutions, strengthening climate resilience across Asia and Africa

ICMIF member IBISA, a climate insurtech company, announced this week it has closed a USD 3 million funding round to scale its parametric insurance solutions for weather-related risks in Asia and Africa. The round was led by The Acumen Resilient Agriculture Fund (ARAF) and Equator, alongside the Asian Development Bank Ventures (ADBV) and existing investors […]

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New NAMIC Mutual Factor Midyear Update finds active weather and increased wildfires challenge US mutual sector

Since launching the first in a series of reports known as The Mutual Factor in 2018, NAMIC has continued to publish the report on an annual basis. The reports are developed by NAMIC in partnership with Aon and provide a yearly update on multiple performance metrics which show how the mutual insurance industry is doing […]

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Shelter Insurance ranked World’s Best Insurance Company for auto insurance by Forbes

ICMIF member Shelter Insurance (USA) has announced that it has been ranked #1 in Forbes’ 2024 World’s Best Insurance Companies list for auto insurance in the USA. Shelter also ranked #10 for homeowners insurance. Forbes contracted research firm Statista who compiled lists of top companies by surveying more than 45,000 customers in 15 countries between […]

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Co-operators reinforces its commitment to community resilience with new property insurance coverage

ICMIF member Co-operators believes the trend of climate change in its home country of Canada is clear. The direct impact to communities puts them at the forefront of this challenge and alone, they aren’t equipped to endure the effects that are no longer far off, but right at their doorstep. As a result, Co-operators says […]

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Benenden Health reaps benefits from increased member engagement and voting

ICMIF member and affordable healthcare provider Benenden Health (UK) has announced a significant increase in engagement from its 870,000+ members, after its first full year using new democratic processes. In 2023, all members of Benenden Health were invited to vote on Society resolutions and Board, Executive and Director elections for the first time. At the […]

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Seguros Unimed announces partnership with Uber Health

ICMIF member Seguros Unimed (Brazil) has announced a partnership with Uber Health that will allow the insurer to hire transport for its member policyholders to be taken to hospitals, clinics and laboratories in non-emergency situations, via the Uber platform, which should contribute to access to and the quality of the healthcare services offered to policyholders. […]

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