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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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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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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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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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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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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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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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 […]
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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 […]
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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 […]
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