Remaining faithful to its mutual identity, and its values ​​of closeness and solidarity for 125 years, Swiss ICMIF member Vaudoise is launching several initiatives to support both the local economy and individuals. To this end, it has joined forces with Qoqa and Groupe Mutuel Foundation to launch DireQt, a unique web platform that provides financial support to the […]
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One of ICMIF’s North American member organisations, Thrivent has launched a COVID-19 donation matching challenge in response to the current crisis and has already exceeded its target after receiving more than USD 2m in donations from its members. The Fortune 500 financial services organisation has pledged a further USD 1m to bring the total impact […]
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As a result of the current coronavirus pandemic, Australian ICMIF member the Business Council of Co-operatives and Mutuals (BCCM) is working with its members to understand the essential services that cooperatives and mutuals provide to support the community and economy, including the eight in 10 Australians who are their members. To manage the ongoing threat posed by […]
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Italian ICMIF member the Unipol Group, through its insurance business UnipolSai Assicurazioni, has allocated EUR 20m to help combat the Coronavirus emergency in the most severely affected areas of Italy. In close cooperation with the Regional Authorities, the Civil Protection Authority and the officials involved in managing the emergency, Unipol will allocate said resources to increase […]
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One of ICMIF’s Supporting Members, the rating agency AM Best, announced last week that it is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy and other aspects of the risks borne by rated […]
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During uncertain times, the mutual and cooperative insurance sector has always stepped up to respond to the needs of its members and their communities. Here at ICMIF we believe it is important that we too step up to follow those principles now as we all confront the Coronavirus (COVID-19) pandemic. The entire ICMIF team are […]
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Earlier this week, Dutch ICMIF member Achmea announced that over 11,000 colleagues were working from home in order to keep the insurer’s operations running smoothly and to be there for their customers at this challenging time. In a press release this week, Achmea noted that the impact of the coronavirus on the lives of more and more […]
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Mark Caron, Internal Auditor of ICMIF member P&V Assurances (Belgium) and Marten Naaktgeboren, Investment Consultant of member Achmea (Netherlands) each recently took part in Technical Assistance (TA) assignment as part of the ICMIF 5-5-5 Mutual Microinsurance Strategy projects in Kenya. Whilst these were separate assignments, facilitated by ICMIF, there was a connection between them.  At the […]
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Swedish ICMIF member Länsförsäkringar has invested SEK 300 million in a social bond issued by the International Finance Corporation (IFC), part of the World Bank, to support those affected by Covid-19. Kristofer Dreiman (pictured), Head of Responsible Investments, Länsförsäkringar AB, said: “The purpose of the bond is to support the work being done to manage the health and economic […]
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Swedish ICMIF member the Folksam Group has invested SEK 700 million in a social bond issued by the International Finance Corporation (IFC), part of the World Bank that targets the private sector. The bond is issued to provide financial support to companies affected by the Covid-19 pandemic. The purpose of the support is to enable companies to continue to […]
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