Latest news from the sector

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

Sheffield Mutual announces a record profit share of over GBP 5.1m to members

ICMIF member Sheffield Mutual Friendly Society (UK) has declared its results for 2023, showing a positive investment return on its with-profits fund of 9.0% and paying out a record profit share of over GBP 5.1m to members. 2023 business & financial highlights: Asset base increased to a record GBP 215 million Total number of traditional […]

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IBISA launches a new parametric Heat Index Product in India to protect women workers from heat-induced wage losses

In the bustling streets of Ahmedabad, India, where the sun beats down relentlessly, the struggle against the burning heat isn’t just about discomfort – it is about making ends meet for India’s women workers. But now, there is a ray of hope: IBISA, a global climate Insurtech company, and ICMIF member, is launching an innovative […]

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Swiss Re announces upgrade of Life Guide and addition of AI underwriting assistant

ICMIF Supporting Member Swiss Re has announced the launch of an augmented version of its Life & Health underwriting manual Life Guide. The reinsurer says the new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant, developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Swiss Re Life Guide […]

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Swedish Ministers visit Afa Försäkring to learn how it is working towards a healthy and safe working life for all

Keen to understand more about the occurrences of fatal accidents in Swedish workplaces, Johan Pehrson, Minister for Employment and Integration, and Paulina Brandberg, Minister for Gender Equality and Deputy Minister for Employment, visited ICMIF member Afa Försäkring on 18 April 2024 with the aim of finding out more about its prevention work to help people […]

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Wawanesa Insurance announces new climate resilience centre

Canadian ICMIF member Wawanesa Insurance has announced a new partnership with the Institute for Catastrophic Loss Reduction (ICLR), a national not-for-profit focused on helping Canadian property owners, businesses and communities prepare for and adapt to the impacts of severe weather events that are being exacerbated by a warming climate. The partnership involves the opening of […]

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PPS returns exceptional value to its members despite a challenging economy

ICMIF member the Professional Provident Society (PPS), the financial services group focused solely on providing customised financial services solutions for graduate professionals in South Africa and Namibia, has announced that it has returned exceptional value to its members in 2023, as operating performance improved. The Group announced total profits that were added to its members’ […]

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Mutual income protection providers in the UK paid out over GBP 70 million in claims in 2023 with rapid growth in new business

UK ICMIF member, the Association of Financial Mutuals (AFM), has reported that its members that offer income protection products paid out GBP 70 million in claims in 2023, to 7,000 customers. Members of the AFM that offer income protection products now account for around 60% of claims on individual income protection products (i.e. excluding group […]

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Ecclesiastical shakes hands on new deal with specialist finance and insurance broker Shire Insurance

UK-based ICMIF member and specialist insurer Ecclesiastical has announced it has welcomed Shire Insurance back into its schemes book. Shire is a specialist finance and insurance broker with over 40 years’ experience working with and supporting the veterinary sector. Providing insurance for veterinary practices, including surgery, professional indemnity and employee health and wellbeing schemes. As […]

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Unipol top company in the insurance and banking sectors for reputation according to the sector-specific model built by the RepTrak Company

ICMIF member the Unipol Group (Italy) is the top company in the insurance and banking sectors in terms of reputation according to the sector-specific model built by The RepTrak Company, an international company specialising in measuring the reputation of seven thousand companies internationally in approximately forty markets every year. Ten years after the launch of […]

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EMC Insurance updates its brand; centered on “Keeping insurance human”

This week, ICMIF member EMC Insurance (USA) has launched an updated brand, which includes a new logo, tagline and visual identity. Effective Tuesday 9 April, the company’s website and social media channels have been refreshed with the new look and feel. EMC says its new logo features a distinctive letter “e” that has a signature […]

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