Earlier this month, ICMIF member Panal Seguros S.A. (Paraguay) celebrated the organisation’s 17th anniversary with the unveiling of its new branding and slogan “SentíLaConfianza” which emphasizes the trust and confidence that members have in the brand. The event was attended by the entire Panal Seguros board along with shareholders, collaborators and special guests. About Panal Seguros S.A. […]
Read MoreThe Japan Cooperative Insurance Association Incorporated (JCIA) has recently published the English version of its annual Cooperative Insurance in Japan Fact Book. JCIA is a general incorporated association in Japan, which was established for the purpose of promoting coordination among member societies and contributing to the development of cooperatives and cooperative insurers. The main activities […]
Read MoreSingaporean ICMIF member NTUC Income (Income) has announced that as of today (17 February 2020), close to 27,000 individuals insured by Income’s Personal Accident (PA) plans with infectious disease cover, and over 500,000 employees of organisations insured by its Group Employee Benefits policies, will automatically enjoy additional COVID-19 cover at no additional premium. To further support lower-income […]
Read MoreEarlier this year, RAC’s BetterLabs Ventures announced an AUD 20 million expansion of its seed fund, making it the largest of its kind in Western Australia (WA). Part of ICMIF member RAC’s strategic innovation function, BetterLabs launched AUD 3 million in seed funding in September 2018 to support start-up founders on their growth journeys. RAC […]
Read MoreTotal new worldwide funding commitments to the InsurTech sector in 2019 were USD 6.37 billion, 33.9% of the historical total, following a record-breaking USD 1.99 billion of investment in 75 projects during Q4 2019, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the global advisory, broking and solutions company. During the year, eight “unicorn […]
Read MoreICMIF Supporting Member AM Best has this week said that it expects that China’s non-life insurance market will experience limited losses from the ongoing coronavirus outbreak, due to factors including the central government’s announcement to undertake all medical expenses related to the 2019-nCoV diagnosis and treatment, coverage exclusions, and the lack of claim triggers for business interruption […]
Read MoreA new Bill has been introduced in the UK Parliament this week which aims to facilitate more capital investment into cooperatives. The Private Members’ Bill, brought forward by Cardiff North MP, Anna McMorrin, was read for the first time in the House of Commons on Wednesday 5 February. The Co-operative and Community Benefit Societies (Environmentally Sustainable Investment) Bill proposes […]
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