Sri-Lankan member of ICMIF, Amãna Takaful, received multiple honours at the prestigious Islamic Finance Forum of South Asia (IFFSA) Awards, held recently in Colombo. Amãna Takaful PLC (ATL) won the ‘Gold’ award for the ‘Takaful Entity of the Year’ category, while its off-shore subsidiary in the Maldives, Amana Takaful Maldives, won the ‘Silver’ award in […]
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New research from Lloyd’s and the Centre for Economics and Business Research (CEBR) has found that there is an estimated global underinsurance gap of USD 162.5 billion in 2018. This protection gap poses a significant threat to livelihoods in some of the world’s most vulnerable economies. The report, entitled A world at risk: Closing the insurance gap, demonstrates how the […]
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The 2018 edition is now available with new focus on the United Nations Sustainable Development Goals The International Cooperative Alliance (ICA) and the European Research Institute on Cooperative and Social Enterprises (Euricse), published the seventh annual World Cooperative Monitor last week during the ICA’s V Summit of the Cooperatives which took place in Buenos Aires (Argentina). […]
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US ICMIF member Securian Financial is a “Top Company for Women Technologists” according to AnitaB.org, a nonprofit social enterprise committed to increasing the representation of women technologists in the global workforce. AnitaB.org recognized Securian Financial and 79 other companies recently as part of the nonprofit’s annual program identifying key national trends on women working in technology. First launched […]
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Singapore-based ICMIF member NTUC Income (Income) has this week launched Droplet, a lifestyle-inspired insurance by Digital Income, the organisation’s in-house Digital Transformation Office (DTO). Income says that Droplet is a blue-sky response to consumers’ pain-point – surge pricing due to rain – when they book a ride on ride-hailing platforms. In Singapore, an average of 167 days of rainfall can […]
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A number of major participants in the (re)insurance industry are becoming actively involved with regards to shaping the environmental, social and governance (ESG) agenda – given their unique role as risk managers, institutional investors, and risk carriers on behalf of a wide range of industries. They also face critical risks and opportunities associated with climate-change […]
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Over recent months Belgian cooperative insurer P&V Assurances, a member of the International Cooperative and Mutual Insurance Federation (ICMIF), has used a number of ways of raising new capital. Some has come from existing (institutional) cooperators and other organisations and some from a more recent public issuing of capital to customers, staff and tied agents. Hilde […]
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Insurance-linked securities (ILS) is now an established asset class that is continuing its momentum despite the challenges of the catastrophe events in 2017, according to a new Global ILS Market Survey published this week by Willis Towers Watson. End investors, Insurance-Linked Securities (ILS) funds, and buyers – the three groups active in ILS – have predominantly weathered 2017 […]
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At the forthcoming ICMIF Intelligence Committee (IC) meeting in Espoo (Helsinki, Finland) which will take place 8-9 November 2018, members of the Committee have been encouraged to bring a younger colleague with them to join the strategic discussions on current issues and emerging trends impacting the cooperative and mutual insurance industry worldwide. The meeting in […]
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The World Council of Credit Unions (WOCCU) has this week released its newest Statistical Report, which provides membership and financial data as of December 2017 from credit unions and other financial cooperatives worldwide. This year’s report includes information from 89,026 credit unions serving over 260 million members in 117 countries. The global credit union family is […]
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