Earlier 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 […]
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This week, Dutch ICMIF member Achmea has activated 3200 solar panels which have been installed above the parking lot of the company’s offices in Apeldoorn (Netherlands). This new installation, which has been added to 600 solar panels already present at the site bringing the total number of panels to 4000, will provide the company’s office in Apeldoorn […]
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Total 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 […]
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ICMIF 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 […]
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A 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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During its 71st anniversary celebration held on 28 January 2020 at the Philippine International Convention Centre in Metro Manila, the Philippine Insurance Commission (IC), the regulator of the insurance industry in the Philippines operating under the Philippine Department of Finance, announced the results of the 2019 Insurance Industry Association of Southeast Asian Nations (ASEAN) Corporate Governance Scorecard Assessment as undertaken by […]
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Swiss ICMIF member la Mobilière has taken a 25 percent shareholding in Swiss media company Ringier and the two Swiss companies have agreed to cooperate in the long-term. La Mobilière says this will enable the organisation to advance its digital transformation. La Mobilière introduced an extensive transformation of the organisation in 2015 based on its digitalisation strategy with the aim […]
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The International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse) have just published the 2019 issue of the World Cooperative Monitor. The 2019 edition is the eighth annual issue of the report. It explores the economic and social impact of the largest cooperatives and mutuals worldwide, providing a ranking of the Top 300, sector […]
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Last week US ICMIF member EMC Insurance Companies, a national property and casualty insurer, and FRISS, a leading provider of insurance fraud detection solutions worldwide, announced a partnership. “We’re thrilled to be working together with EMC to reduce insurance fraud and further increase profitability,” said Jeroen Morrenhof, FRISS CEO and Co-founder. “We believe insurance is a beautiful […]
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This week Dutch ICMIF member Achmea announced that it is in the top three of the most socially engaged Dutch insurers according to the Fair Insurance Guide (De Eerlijke Verzekeringswijzer). The announcement was made on Thursday 23 January 2020 following the Fair Insurance Guide’s annual survey of the investment policies of the nine largest insurance groups in […]
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