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 MoreCanadian 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 MoreAccording 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 MoreUS 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 MoreIn 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 MoreMoves 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 […]
Read MoreICMIF 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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