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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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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Moves to expand the availability of medical and legalized recreational marijuana, coupled with projected future growth, position the industry as an emerging market for insurance carriers, according to a recent report from ICMIF member AM Best. A new Best’s Special Report, titled, “Cannabis: New Opportunities for Insurers, But With Burgeoning Risks,” states that both medical and […]
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ICMIF Supporting Member CyberScout had two winners in the recent 2019 Cybersecurity Excellence Awards, sponsored by Cybersecurity Insiders. The Cybersecurity Excellence Awards are awarded annually, honouring individuals and companies demonstrating excellence, innovation and leadership in information security. The awards won by CyberScout were: Gold Winner: Cybersecurity Service Provider of the Year (between 100 to 499 […]
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