Swedish ICMIF member Folksam has launched a new child insurance offering to meet the needs of households during a time of tough economic pressures and cost of living increases. According to statistics from Insurance Sweden, as many as 1.5 million+ children and young people do not have an individual child insurance. Many households are facing […]
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ICMIF member NFU Mutual‘s Charitable Trust has announced that its donations for 2023 amount to more than GBP 1m. The NFU Mutual Charitable Trust is one of the main ways that rural insurer NFU Mutual provides donations to charities, and its work in 2023 formed part of NFU Mutual’s GBP 3.25m charitable giving pledge to […]
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Four UK trade bodies have come together to publish a joint prospectus ahead of the next General Election, outlining how cooperatives and mutuals can help the next government tackle the biggest challenges: economic stagnation, inequality and insecurity, and the climate emergency. The four bodies are ICMIF member the Association of Financial Mutuals (AFM); the Association […]
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ICMIF Supporting Member EY has published the 2024 edition of its EY Global Insurance Outlook which explores the ever-changing insurance industry landscape with the aim to inform the perspectives of senior leaders. According to the findings of the recent report, the market insurance continues to be shaped by multiple disruptive forces — from technology advancement […]
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New research from ICMIF member LV= says 22 million British adults saw their finances deteriorate in the three months to September despite signs financial resilience is stabilising. This is according to the latest findings of the Wealth and Wellbeing Research Programme at LV=. Findings from the Programme, a survey of 4,000 UK adults, shows that […]
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ICMIF Supporting Member AM Best has maintained its market segment outlook for the global reinsurance segment at stable, citing substantial rate improvement, primarily in property lines, with higher average attachment points expected to result in widening profit margins. According to the recent Best’s Market Segment Report, Market Segment Outlook: Global Reinsurance, there were additional factors […]
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ICMIF member OneFamily (UK) has launched a digital platform that will support its plans for growth whilst empowering its customers with complete control and easier access to their finances. OneFamily says the first wave of this digitisation programme has seen the successful migration of over 1 million customers to a singular, self-service platform. The mutual […]
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ICMIF member FMG (Aotearoa/New Zealand) has announced this month that it is now a certified B Corp. The mutual says it is joining the ranks of global heavy hitters such as Patagonia and Ben and Jerry’s, alongside another ICMIF member Simplyhealth – all of which are working towards the shared goal of delivering benefits for […]
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The International Cooperative and Mutual Insurance Federation (ICMIF) and the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE), the voice of the mutual and cooperative insurance sector in Europe, have together published the European Mutual Market Share 2023 report. A comprehensive statistical study, the European Mutual Market Share 2023 report documents the size […]
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Last week, ICMIF member Achmea (Netherlands) published an update of its Climate Transition Plan. For the first time, Achmea is setting interim targets to reduce CO2 emissions through its insurance policies. Publishing and updating a Climate Transition Plan annually is part of the Dutch financial sector’s Climate Commitment. Organisations such as banks, insurers, pension funds […]
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