When considering the spread of the COVID-19 pandemic in India local ICMIF member The DHAN Foundation observed two major impacts in Indian society. One was on health of the individuals that were affected by the COVID-19 virus and the other was the impact on the livelihoods of poor and marginal workers, mostly daily wage earners and small/micro […]
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ICMIF member CLIMBS (Philippines) has initiated a number of actions to support its members, employees and the general public during the COVID 19 pandemic. CLIMBS CARES (Community Action Response and Emergency Services) was launched to assist communities in the distribution of potable drinking water and sanitation purposes, including a hotline for its cooperative members and the general public. […]
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In late March, ICMIF member Achmea (Netherlands) announced that it would grant voluntary and paid leave to employees of the cooperative insurer who had previously worked in the healthcare sector to allow them to support the Dutch healthcare system during the Coronavirus pandemic. Achmea employees that are registered with the Dutch healthcare professionals register (BIG-register) – or […]
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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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