Latest news from the sector

Read and share inspirational stories collected from across the ICMIF membership.

Securian Financial CFO joins other finance leaders in launch of US chapter of A4S Leadership Network

A group of leading US CFOs have this month announced the launch of the first US Chapter of the global A4S Chief Financial Leadership Network. This prestigious group includes Warren Zaccaro, CFO of ICMIF member Securian Financial. Established by the Prince’s Accounting for Sustainability Project (A4S), a nonprofit founded by HRH The Prince of Wales in 2004, this […]

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La Segunda creates an innovation platform to accelerate its cultural transformation

In just 10 weeks, Argentinian ICMIF member La Segunda has created its own innovation platform, catalyzing a generation of workers to generate and execute new ideas, with the help of innovation company Parabolt.  The aim of the platform is to transform the working culture at the La Segunda (one of Argentina’s leading insurance companies) with the help of Parabolt, a company that sets out to transform innovative ideas into disruptive products. The […]

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NTUC Income enters strategic partnership to scale innovation in digital insurance

Singaporean ICMIF member NTUC Income (“Income”) has announced this month that it has joined forces with ZA Tech Global Limited (“ZA Tech”), a business entity for overseas technological exports formed by China’s first internet-based insurer, ZhongAn Online P&C Insurance Co. Limited (“ZhongAn”), to bring speed to Income’s digital innovation and product launches in Singapore. As part of […]

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The DHAN Foundation now provides mutual microinsurance cover to over 300,000 people from disadvantaged communities in India

Nearly 300,000 previously uninsured people from low-income and disadvantaged communities in India are now protected with a health or life microinsurance policy by ICMIF Indian member the DHAN Foundation. This is a result of the DHAN Foundation’s project under the ICMIF 5-5-5 Mutual Microinsurance Strategy (the “5-5-5”), which launched in April in 2017. Through its partnership with ICMIF, […]

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Willis Re report finds total reinsurance dedicated capital was down 5% at year-end 2018

According to the latest Reinsurance Market Report from ICMIF Supporting Member Willis Re, total capital dedicated to the global reinsurance industry measured USD 462 billion at year-end 2018. The largest component of this figure is the total shareholders’ equity of the 32 reinsurance companies tracked in the Willis Reinsurance Index1 which was down 10% to USD 335.7 billion, […]

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Ecclesiastical launches the Movement for Good awards – giving £1million to charities this summer

UK ICMIF member Ecclesiastical is giving away £1million to charities with the launch yesterday of its Movement for Good awards. From Monday 22 April 2019, brokers can nominate a cause close to their hearts for a potential £1,000 award.  Five hundred charities will each receive £1,000 during the first phase of the campaign, with the […]

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CIC Insurance Group turns 50

Last week,Kenya ICMIF member CIC Insurance Group (CIC) officially began celebrations to mark its Golden Jubilee. The celebrations came hot on the heels of the recent release of the organisation’s financial results for the year ending 31 December 2018, which saw pre-tax profits of KES 852 million, representing a 64 per cent increase from KES […]

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Cooperative purpose is key strength amid rising challenges says The Co-operators at Annual General Meeting

Last week, ICMIF member The Co-operators (Canada) highlighted significant challenges and opportunities presented by increasing environmental, social and economic issues and trends with the release of its 2018 Integrated Annual Report. The report was launched as representatives of the cooperative’s 45 member organisations gathered from across the country in Toronto for its Annual General Meeting (AGM). In The Co-operators 2018 […]

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NTUC Income launches Pinfare to safeguard travellers against airfare fluctuations

Singaporean ICMIF member NTUC Income (Income) recently announced the launch of Pinfare, an innovative, travel-inspired lifestyle insurance by Digital Income, the company’s in-house Digital Transformation Office (DTO). Pinfare seeks to address one of the most common pain points for travellers – the pressure of having to purchase a desired flight itinerary on-the-spot, or be subjected to unpredictable […]

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The Co-operators introduces fund for Insurtech investment

Canadian ICMIF member The Co-operators is further expanding its Insurtech investment by introducing a fund to facilitate partnerships with Insurtech firms. The Co-operators says that the investment fund reflects the organisation’s commitment to address the unmet insurance and financial services needs of Canadians participating in a fast-paced and ever-changing digital economy. “Innovation is key to providing financial […]

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