According to the latest 1st View renewals report from ICMIF Supporting Member Willis Re, reinsurers have been judicious during the 1.1 renewal period, leading to significant pricing and capacity variance depending on geography, product line, loss record, and individual client relationships. As a result, the report concludes, the renewal season has concluded later than in previous years. Findings […]
Read More
Earlier this month, the team at ICMIF donated an assortment of Christmas presents and chocolate selection boxes to a local charity The Children’s Adventure Farm Trust (CAFT) to be distributed to children at Christmas parties organised at the Farm. The team who visited the Farm to give the gifts to the charity also had the […]
Read More
A Co-operative Executive Masterclass, organised by The Co-operative College in partnership with ICMIF, took place on Monday 25 November 2019 at ICMIF’s offices near Manchester (UK). This Masterclass was organised for a delegation from ICMIF member organisation CLIMBS Life and General Insurance Cooperative (the Philippines) along with other cooperative delegates from other organisations in the Philippines. The Masterclass focused […]
Read More
ICMIF member the P&V Group (Belgium) has this week signed an agreement to acquire all the shares in Belgian life insurance company Private Insurer. Private Insurer has 18 employees and collected in EUR 70 million in premiums in 2018. The acquisition should be finalized before the end of the first quarter of 2020, subject to approval by the […]
Read More
Last month’s ICMIF Biennial Conference in Auckland (New Zealand) was attended by 50 young leaders from 13 countries who were there to participate in the second ICMIF Young Leaders Programme held during an ICMIF Conference. The ICMIF Young Leaders Programme has been specifically designed as a unique development opportunity for younger, high potential employees at […]
Read More
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has been approved as a member of the International Cooperative and Mutual Insurance Federation (‘ICMIF’), the global representative body of the cooperative and mutual insurance sector. Aviva Investors will become a ‘Supporting Member’, joining a group of five other companies from around the world. […]
Read More
ICMIF member EMC Insurance Companies (USA) received the Insurtech Corporate Innovation Award from Plug and Play at its Winter Summit in Silicon Valley last week. Plug and Play is a global innovation platform that connects start-ups and corporations. “We are honoured by this award as it speaks volumes about the culture of innovation we’ve established at EMC,” said Scott […]
Read More
ICMIF member and Singapore-based insurer NTUC Income (Income) has become the latest cooperative/mutual insurer to offer a “Pay-as-you-drive” motor insurance policy. The insurance product has been launched in partnership with Carro, the largest automotive marketplace in Singapore. The new insurance product is based on a “pay as you drive” model and users will pay according to how much […]
Read More
ICMIF Supporting Member AM Best has maintained a market segment outlook of stable on the global reinsurance industry for 2020, citing a stabilized pricing environment – albeit at levels below long-term adequacy – the continuing alignment between traditional and third-party capital and ongoing stability in the global life reinsurance segment. The new Best’s Market Segment Report, titled, […]
Read More
The 7th edition of the Sustainable Leadership Awards organised by the Argentine-British Chamber of Commerce (Cámara de Comercio Argentino – Británica, CCAB) took place on 28 November 2019 at the Buenos Aires Stock Exchange (Argentina). Betina Azugna, Corporate Social Responsibility Manager at the Sancor Seguros Group (one of ICMIF’s members), received the first prize awarded […]
Read More