Whether they have made a claim on their policy or not, members of Swiss ICMIF member La Mobilière will this year receive CHF 160 million (USD 160 million) from the cooperative insurer. In their announcement this week, La Mobilière says that theirs is not an insurance company like many others. Thanks to the cooperative nature of the […]
Read More
German ICMIF member HUK-COBURG announced the launch of “Telematik Plus,” its new telematics insurance program for drivers of all ages. With more than 12 million insured vehicles, HUK-COBURG are Germany’s largest car insurers. “Over the last few years, we’ve built an entire telematics infrastructure, thus laying the groundwork for the product we are now offering […]
Read More
It has been announced today that the Australian Federal Parliament has passed landmark legislation for mutuals. These are the first amendments to the Corporations Act for 18 years that relate to the cooperative and mutual sector and open up a number of new opportunities for Federally registered cooperatives and mutual businesses in Australia to grow […]
Read More
Canadian National Insurance Crime Services (CANATICS) has this week announced the appointment of Denis Dubois (pictured) as the new Chair of its Board of Directors. CANATICS is a non-profit organisation focused on fighting insurance crime. Dubois is the President and COO of ICMIF member Desjardins General Insurance Group, Canada’s third largest property and casualty insurer […]
Read More
The World Bank last month launched the first Sustainable Development Bond to raise awareness for the importance of combating food loss and waste, focusing on the challenges outlined by the United Nations’ Sustainable Development Goal 12.3: halving food waste by 2030. ICMIF member, the Folksam Group is the sole investor in the three-year, USD 300 million bond. According […]
Read More
According to the latest 1st View renewals report from ICMIF Supporting Member, Willis Re, reinsurers have adopted a rational rating approach at the 1 April 2019 renewal with price increases of up to 25% targeted towards loss-affected contracts and programmes. These rate increases were balanced by flat renewals for loss-free classes and programmes, says the report. Reinsurance broker […]
Read More
US ICMIF member Securian Financial has launched a customer focused decision-support experience to educate employees about the voluntary benefits the insurer offers through employers. Called Benefit Scout™, the interactive, digital platform leverages artificial intelligence to guide employees step-by-step through the decision journey. The result is less guesswork for employees—and fewer questions for human resources staff—during […]
Read More
In June 2016, ICMIF launched the 5-5-5 Mutual Microinsurance Strategy (the “5-5-5”) with the ambition of providing access to microinsurance for the first time to 5 million households in five countries in emerging markets (Colombia, India, Kenya, Sri Lanka and the Philippines) in a period of five years. In 2017, P&V Assurances decided to provide financial support to the […]
Read More
Argentinian ICMIF member, Grupo San Cristóbal (The San Cristóbal Group) has this month published its first Sustainability Report, corresponding to the financial year 2017/2018. The report contains information about the economic, environmental and social impacts of the operations of its various business units. In line with international best practice, the preparation of the report was carried […]
Read More
The Development of Humane Action (DHAN) Foundation is a professional development organisation in India with a mission to “build people and institutions and to enable the poor communities for poverty reduction and self-reliance”. The DHAN Foundation works through a network of self-help groups, focusing on grassroots action, which cluster together to form federations. Through the 5-5-5 Mutual Microinsurance […]
Read More