ICMIF Supporting Member Guy Carpenter, a global risk and reinsurance specialist and a business of Marsh McLennan, has announced the creation of its new cyber reinsurance product, CatStop+. The first transaction under CatStop+ was completed during the 1 January 2024 renewal period. According to Guy Carpenter, the product’s innovative approach blends low-attaching cyber event cover […]
Read More
ICMIF member and health solutions provider Simplyhealth has announced that it is the first Salesforce customer in the world to reply to email enquiries with a knowledge GPT enabled response. The mutual healthcare provider says it is now using Salesforce Einstein, Service Cloud and Sales Cloud to power productivity across its business through AI-powered customer […]
Read More
Swedish ICMIF member AFA Försäkring has announced details of the four projects to receive support through the fourth round of grants issued in 2023 by the mutual insurer with a total of SEK 10 million provided for the research and development projects. Afa Försäkring invests SEK 150 million (USD 14.4 million) annually in research and […]
Read More
Today, the International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse) released the 2023 edition of the World Cooperative Monitor (WCM) report. The report contains the Top 300 rankings of the world’s largest cooperatives and mutuals with a special focus on member benefits in this edition. The report was […]
Read More
Last week, Canadian ICMIF member, Beneva, presented its new “Ask the experts” podcast, a show geared to insurance experts and Beneva partners. The mutual insurer says the podcast has a light-hearted tone and original content, which it believes will attract enquiring minds interested in learning more about the business world and looking for tips and […]
Read More
ICMIF member Onderlinge ‘s-Gravenhage (OG, Netherlands) has reached an agreement with Nh1816 Verzekeringen (Nh1816) on the acquisition of the life insurance portfolio of Nh1816. OG says this step is in line with its strategy to further expand its life insurance portfolio. In total, this concerns 11,600 funeral insurance policies, a premium volume of EUR 1.6 […]
Read More
According to ICMIF member the Microinsurance MBA Association of the Philippines, Inc (MiMAP, also known as RIMANSI Organization for Asia and the Pacific or RIMANSI), changes in contemporary society continue to highlight the volatility of the microinsurance industry. This includes the need for digitisation being as tantamount as ever with the need for microinsurers to […]
Read More
In recent years, Danish ICMIF member LB Forsikring has had a focus on reducing its emissions. However, the mutual insurer now finds it has residual emissions which it is currently unable to reduce itself. Therefore, LB Forsikring has announced that it will collaborate with Klimate.co on the CO2 capture of 50 tons of CO2 annually […]
Read More
UK ICMIF member Ecclesiastical Insurance has partnered with Brooks Braithwaite, part of the Petcover Group, to deliver a new scheme aimed at pet professionals. Brooks Braithwaite offers insurance products tailored specifically for animal related risks including animal centres, shows, displays, dog walkers, pet sitters, kennels, catteries and similar pet-related businesses. Ecclesiastical says this latest partnership […]
Read More
According to the new 1st View report from ICMIF Supporting Member Gallagher Re, the 1.1.24 renewal season has seen major changes in market conditions compared to last year. Just 12 months ago property catastrophe reinsurance was considered an unpredictable and volatile class warranting reduced capacity and changes in coverage, attachment, and pricing. Capacity was mostly […]
Read More