The insurance sector is considerably less concerned about silent cyber exposures than it was in 2018, according to 2019 Silent Cyber Risk Outlook, the annual global survey published this week by ICMIF member Willis Re, the reinsurance division of Willis Towers Watson. The finding applies to all commercial lines of business and industry groups, says the report. The […]
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The global reinsurance market as a whole has exhibited more underwriting control as evidenced by a holding back of capacity at the midyear 2019 renewals; however, questions remain over the sustainability of this newfound discipline, according to a new report from ICMIF Supporting Member AM Best. The new Best’s Market Segment Report, “Global Reinsurance: Fighting the […]
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ICMIF member FMG’s financial year has been underlined by several milestones, led by the mutual insurer achieving 50% rural market share of the New Zealand for the first time in its 114-year history. It was also a record year for the number of claims settled and overall client growth says FMG (New Zealand) – with more and […]
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Launched in June 2016, the ICMIF 5-5-5 Mutual Microinsurance Strategy (the “5-5-5”) aims to insure 5 million lives in five countries (Colombia, India, Kenya, the Philippines and Sri Lanka) over a period of five years. Latest data from ICMIF shows that since the 5-5-5 commenced, 1.7 million previously uninsured poor and vulnerable people have been provided with […]
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Prevención Salud is the prepaid medicine company of ICMIF member Sancor Seguros (Argentina). The organisation was created by Sancor Seguros to as a way to take care of its members and improve their quality of life through the provision of comprehensive prevention services to member-policyholders of the Group. Prevención Salud offers its services throughout Argentina with a wide […]
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Earlier this year ICMIF was asked by Co-operatives and Mutuals Canada (CMC) to provide data on the performance of the Canadian cooperative/mutual insurance sector to contribute to a report being published about the Canadian cooperative sector. At the Co-operatives and Mutuals Canada (CMC) National Congress 2019 in June, Scott Banda, Chief Executive officer of Federated Co-operatives Limited […]
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ICMIF member Cornish Mutual (UK) has been named a Chartered Insurer for the seventh consecutive year. The general insurer is the UK’s only mutual insurance company to hold the accolade, which is awarded by the Chartered Insurance Institute (CII) to represent the highest standards in the insurance sector. There are more than 900 general insurance […]
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Just take a “selfie” using your phone and an app can tell the fat percentage of your body weight. That is the future of healthcare says ICMIF member LocalTapiola. ICMIF member LocalTapiola (Finland), in collaboration with a number of project partners, is investigating an image analysis solution which utilises new artificial intelligence capabilities and its potential use […]
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ICMIF member Seguros Futuro (El Salvador) has recently celebrated the company’s 25th anniversary. The organisation was created on 17 July of 1994, with the mission of providing social security protection to the people of El Salvador, particularly those who had no access to insurance services or those who believed that insurance was onerous or only […]
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The second edition of the Mutual Insurance Conference (MIC) takes place in Croatia on 19 September 2019, to explore the development potential and challenges for mutual insurers and Central and Eastern European countries. Under the theme “CEE countries – a new market boost?“, the MIC brings together mutual insurance practitioners, academics, trade union leaders and […]
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