In the face of the COVID-19 emergency in El Salvador, local ICMIF member Seguros Futuro is working to help member policyholders who may be experiencing financial difficulties. The organisation is doing this through economic measures which benefit the insured population by ensuring they keep their cover. This means that there is a loss of premium income for […]
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The reputation of ICMIF member Achmea in the Netherlands has greatly improved in the past year according to a ranking published earlier this month by the reputation tracking organisation RepTrak. In the list, Achmea has risen from 27th place to 16th place, which is the greatest increase in position in the ranking of the top 30 of largest […]
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ICMIF member Kyosuiren (Japan) is the sole national federation that provides Kyosai (the name for cooperative insurance in Japan) services for members of over one thousand local Japan Fisheries Cooperatives (JFs) who are working in the fishery sector in Japan, a country that is surrounded by the sea and one of the major fishing countries in the […]
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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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