ICMIF partner organisation A4S has produced “top tips” guidance for the finance teams of insurers and reinsurers for calculating their emissions baseline. A4S says the climate crisis risks creating an uninsurable world, but the insurance industry has a pivotal role in avoiding the worst outcomes. Insurance-associated emissions – the scope 3 emissions associated with their […]
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ICMIF member Thrivent and baseball team the Minnesota Twins have announced a multi-year partnership – including a new fund that provides USD 200,000 annually to select local nonprofits, naming rights to the team’s club level of the home stadium, Target Fields, and a rebranded annual ticket plan – that will inspire a new model for […]
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The global mutual and cooperative sector collectively wrote USD 1.41 trillion in insurance premiums and increased the sector’s share of the total insurance market to an eight-year high of 26.3% in 2022, according to the International Cooperative and Mutual Insurance Federation’s latest Global Mutual Market Share report. The ICMIF Global Mutual Market Share 2024 report […]
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ICMIF member Sheffield Mutual Friendly Society (UK) has declared its results for 2023, showing a positive investment return on its with-profits fund of 9.0% and paying out a record profit share of over GBP 5.1m to members. 2023 business & financial highlights: Asset base increased to a record GBP 215 million Total number of traditional […]
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In the bustling streets of Ahmedabad, India, where the sun beats down relentlessly, the struggle against the burning heat isn’t just about discomfort – it is about making ends meet for India’s women workers. But now, there is a ray of hope: IBISA, a global climate Insurtech company, and ICMIF member, is launching an innovative […]
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ICMIF Supporting Member Swiss Re has announced the launch of an augmented version of its Life & Health underwriting manual Life Guide. The reinsurer says the new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant, developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss Re Life Guide […]
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Keen to understand more about the occurrences of fatal accidents in Swedish workplaces, Johan Pehrson, Minister for Employment and Integration, and Paulina Brandberg, Minister for Gender Equality and Deputy Minister for Employment, visited ICMIF member Afa Försäkring on 18 April 2024 with the aim of finding out more about its prevention work to help people […]
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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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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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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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