Last week, ICMIF member Folksam (Sweden) invested SEK 2.5 billion (USD 260 million) in a green bond issued by Kommuninvest. This brings the total amount invested in Green Bonds by Folksam Group to SEK 30 billion (USD 3.1 billion), making it one of the leading insurers in terms of green bond investments. “Society is in the midst of a […]
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ICMIF member, EMC Insurance Companies (USA) has been named 2020 innovationLEADER of the Year by innovationIOWA Magazine in recognition of the originality, leadership and impact of their innovative culture and processes. EMC President and CEO, Scott Jean said: “Innovation is one of our five core values – values that drive EMC Insurance Companies to realise our mission and vision. […]
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For the second time, ICMIF member Securian Financial (USA) was named to Fortune’s annual ranking of America’s largest companies, listed at 455. “We are proud to return to this prestigious list of American companies,” said Christopher M. Hilger (pictured), Chairman, President and CEO of Securian Financial, which was first listed in 2018, at 462. “While […]
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UK-based ICMIF member OneFamily has recently made a new grant available to its members if they are experiencing financial difficulties due to the coronavirus. The organisation says it recognises that the impact of the COVID-19 pandemic has been huge, leaving many families concerned not only with their health, but also financially. In such unprecedented and uncertain times, […]
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In response to the outbreak of Covid-19, ICMIF member Sancor Seguros (Argentina) has developed two new products to respond to the protection needs arising from the situation, which have additional coverage and benefits. The new options are: HOME OFFICE: a product offering cover for personal accidents, 24 hours a day, and accidental damage to technological work equipment (for […]
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Earlier in the Covid-19 pandemic we reported on the ways in which ICMIF member Climbs Life and General Insurance Cooperative in the Philippines was supporting members during the crisis. This included, on 11 March, setting up a Covid-19 taskforce to create a Crisis Management Plan and Crisis Communications Plan. Under the tagline “more than just protection”, CLIMBS also launched […]
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Dutch ICMIF member Achmea yesterday announced the issuance of a new senior bond. This bond will be used to refinance a senior unsecured bond of EUR 750 million that matures in November 2020. Achmea published its annual figures on 12 March and reported a solvency ratio of 219% and liquidity of EUR 732 million. In […]
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Swedish ICMIF member Länsförsäkringar’s Research Fund is funding a new research study at Uppsala University to investigate children and young people’s views on the Covid-19 situation. The study will look at those who are aged 4-18 years old. According to the Research Fund, many children and young people feel anxious and are touched by the issue, but […]
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During a recent ICMIF webinar on “New business models for the mutual of the future“, Lauri Saraste, Director at ICMIF member LocalTapiola (Finland) spoke of the many initiatives that his organisation had undertaken to try to help members and communities in Finland during the COVID-19 pandemic. Before going on to describe some of the initiatives, Saraste said: “Finland is […]
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ICMIF member Coopenae (Costa Rica) is helping its members address any problems they face due to the coronavirus (COVID-19) situation, through a range of initiatives and in particular a website launched specifically to help its members with issues around finances during the pandemic. The recently launched Coopenae coronavirus website has video tutorials to help members know how to carry […]
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