According to a new Best’s Special Report from ICMIF Supporting Member AM Best titled, Latin America: Economic and Political Risks May Subside in 2020, the rating agency expects Latin America’s economies to rebound somewhat in 2020, which would help the insurance markets in these countries better realise their growth potential. In the new report, AM Best notes that […]
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The Taal volcano is one of the Philippines’ most active volcano and recently, it has been spewing lava, triggering earthquakes and sending out large quantities of ash that have spread across the island of Luzon and beyond. Fears remain that a bigger and hazardous eruption could be imminent. The CARD Mutually Reinforcing Institutions or CARD […]
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UK ICMIF member Royal London says the new commitment to the Principles for Responsible Investment (PRI) is part of the mutual provider’s responsible investment commitment as an asset owner to generate good returns while also making a positive contribution to society and the environment. The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that offer […]
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In December last year, New Zealand ICMIF member MAS announced that for the fourth year in a row, the organisation had won the Consumer NZ People’s Choice Award for four insurance categories – house, contents, car and life insurance. MAS won the People’s Choice Award in these four categories in 2016, 2017 and 2018. In […]
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In December last year, the latest annual cycle of Continuous Training for Insurance Brokers working for Argentinian ICMIF member San Cristóbal Seguros came to an end. This training programme has taken place every year for the last 21 years. A training and loyalty day for the company’s brokers (known in Spanish as “Productores Asesores de Seguros” or […]
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ICMIF member The Co-operators announced that it will transition to the cloud, enabling the Canadian cooperative to simplify its IT operations, adapt more quickly to changing market demands, and deliver more value to policyholders. The Co-operators has chosen Guidewire InsuranceSuite™ Cloud to power its core operations. A Guidewire customer since 2007, The Co-operators originally implemented […]
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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 […]
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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 […]
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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 […]
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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 […]
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