Last month, Canadian ICMIF member Beneva marked National Philanthropy Day (15 November) with the announcement that it is investing an additional CAD 1.5 million in support of its corporate cause: anxiety prevention. This financial support will enable the charitable organisations Beneva champions to create and implement projects that will make it easier for Canadians to […]
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The latest ICMIF Members: Key Statistics report from the International Cooperative and Mutual Insurance Federation (ICMIF) shows 61% of the ICMIF membership exceeded their local market’s annual growth-rate between 2022 and 2023, compared to 59% between 2021 and 2022. Key findings: USD 228 billion in premium income USD 1.63 trillion in total assets, of which […]
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New ICMIF member Cirencester Friendly (UK) has announced it has been approved to be a signatory of the Protection Distributors Group (PDG) Claims Charter which aims to improve claims outcomes in the UK. The PDG Claims Charter was introduced in 2018 to improve outcomes for claimants by raising basic levels of best practice undertaken by […]
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Swedish ICMIF member Folksam has announced an investment of SEK 3 billion (USD 274 million) in the Growth Markets Fund II of Danish fund manager Copenhagen Infrastructure Partners (CIP). The fund invests in the energy transition in the form of onshore and offshore wind power assets, solar farms and energy storage in high-growth, middle-income countries. […]
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ICMIF member Shelter Insurance (Shelter) and Guidewire have issued a joint announcement confirming Shelter has selected Guidewire InsuranceSuite to power the company’s core business, simplify its IT operations and help deliver additional value to agents, policyholders and employees. The announcement confirmed the selection and implementation of Guidewire as a key component of Shelter’s Monarch business […]
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Earlier this year, Danish ICMIF member LB Forsikring announced that it would be sharing a loyalty discount of DKK 124 million (USD 17.5 million) with its members in December 2024. The mutual insurer has recently announced that the loyalty discount it will share with members this month has now increased to DKK 131 million (USD […]
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ICMIF member Seguros Equidad (Honduras) has launched the new ‘Safe Mode’ (Modo Seguro) marketing campaign, with the aim of promoting peace of mind and prevention for members in everyday life through its comprehensive insurance solutions. Seguros Equidad says it is proud to introduce its new ‘Modo Seguro’ campaign, designed to help people reflect on their […]
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ICMIF member IBISA has partnered with VisionFund, the financial empowerment and livelihood arm of World Vision, to launch “ClimaCash+,” a groundbreaking suite of parametric climate insurance products designed to empower communities of climate adversity to respond quickly even before a disaster happens. Last year, 2023, has been confirmed as the warmest year since 1850, bringing […]
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Danish ICMIF member GF Forsikring has announced it will share more than DKK 165 million (USD 23.4 million) with its members in 2025 – and for the third year in a row will enter a new year without having to impose extraordinary price increases. In a recent announcement, GF Forsikring said that although the costs […]
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ICMIF Supporting Member AM Best has maintained its market segment outlook for the global reinsurance segment at positive, citing robust underwriting returns and the potential for solid full-year 2024 results despite an active Atlantic hurricane season. The recently issued Best’s Market Segment Report also notes that life insurance remains a good source of diversification for […]
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