Helping people and communities through the COVID-19 Pandemic In response to the COVID-19 pandemic, Canadian ICMIF member The Wawanesa Mutual Insurance Company (Wawanesa Insurance) announced a CAD 100,000 donation to food banks in Canada and the United States. “As we continue to experience the broad impacts of the COVID-19 pandemic across our communities, we’ve learned of the […]
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ICMIF member Indian Farmers Fertiliser Cooperative Limited (IFFCO) announced that it has donated INR 25 Crores (USD 3.2 million) to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund). The fund will be used for combating, containment and relief efforts against the coronavirus (COVID-19) outbreak in India. Prime Minister Narendra […]
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Last week, Swedish ICMIF members Länsförsäkringar and Folksam announced that they both made additional investments in social bonds to counteract the social and economic effects of the Covid-19 (coronavirus) pandemic. This follows a combined investment of SEK 1 billion (USD 100 million) from the two insurers last month in a social bond issued by the International Finance Corporation (IFC), part of […]
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In an effort to continue to support its members and clients, ICMIF member Desjardins General Insurance Group (Canada) is offering discounts on auto insurance premiums for personal and business clients who are staying at home during the COVID-19 pandemic. Nearly everyone is driving their vehicles less, and Desjardins General Insurance says it wants to acknowledge this fact. […]
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ICMIF Supporting Member AM Best is maintaining its market segment outlook for the global reinsurance industry at stable despite the volatility and uncertainty created by the COVID-19 virus outbreak. According to the new Best’s Market Segment Report, titled Market Segment Outlook: Global Reinsurance, global reinsurers remain well-capitalized and the industry remains resilient, with a long history of innovative and prudent risk […]
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According to the latest 1st View renewals report from ICMIF Supporting Member Willis Re, reinsurers took a measured approach to the April renewals, which saw significant rate increases on loss-affected accounts and more modest rises on loss-free business. The report’s findings indicate that the global reinsurance sector smoothly moved to the new working-from-home model following the COVID-19 outbreak […]
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ICMIF member and cooperative insurer Sancor Seguros (Argentina) has announced the launch of a medical platform in a joint action with the Municipality of Sunchales, the home city of the insurer, during the period of government enforced lockdown in Argentina due to the coronavirus pandemic. Argentina has been in quarantine since 20 March with no outdoor exercise […]
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ICMIF member Securian Financial (USA) donated 20,200 masks to help fill the “drastic” shortage health care workers say they face in the fight against the COVID-19 pandemic. This was in response to an appeal by the Minnesota Nurses Association (MNA) for certified N95 protective masks to be dropped off at its offices in St. Paul, Minnesota. The […]
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ICMIF members are invited to join our Supporting Member, Aviva Investors, for a short virtual roundtable discussion with the Chief Investment Officers of their equities, credit, real asset, and global macro teams as they answer questions surrounding the impact of the coronavirus. This webcast lasts 35 minutes. Aviva Investors is an asset management company and is part of […]
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ICMIF member NFU Mutual (UK) has today launched a GBP 32 million support package for customers and communities affected by Coronavirus, including updates to pricing, cover and claims, and increased charitable funding allocated to local organisations via their agencies. In addition, NFU Mutual will continue to reward customer loyalty through the organisation’s Mutual Bonus discount, despite the financial impact […]
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