Canadian ICMIF member The Co-operators has formed an innovative partnership to create solutions that address unmet insurance needs in the fast-evolving, digital economy. The Co-operators, together with award-winning insurtech business partner Slice Labs Inc. (Slice), announced this week that they have signed an exclusive agreement to leverage the Slice Insurance Cloud Services™ (ICS) platform to launch The Co-operators […]
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In a recent episode of A.M.BestTV, Chuck Chamness (pictured), president and chief executive officer, and Jimi Grande, senior vice president, of the National Association of Mutual Insurance Companies (NAMIC) said the U.S. government’s response to disasters has been inconsistent and driven by politics. Click here to view the entire programme. In the programme Chamness and Grande […]
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According to a recent, comprehensive international survey of insurers by Willis Towers Watson, insurers are becoming less tolerant of missed earnings targets due to pressure from investors. As a result, the survey says, they are moving to more sophisticated metrics, such as return on equity and economic capital. Reinsurance is used increasingly for earnings protection […]
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This week Argentinian ICMIF member La Segunda celebrated its 85th anniversary and also launched an e-commerce site “La Segunda online”. The aim of the new site is to market online policies, whilst maintaining the valuable personal attention for its clients that the organisation prides itself on. With a strategy that combines the digital model with the value […]
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ICMIF member A.M. Best has been voted the International Best Ratings Agency for Takaful at the International Takaful Awards 2018, held in conjunction with the 12th International Takaful Summit in London. This is the fourth consecutive year that A.M. Best has won the award. The International Takaful Awards recognise the achievements of companies that have […]
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According to the latest 1st View renewals report from ICMIF member Willis Re, momentum for rate increases on loss-free reinsurance accounts dissipated during the June/July property catastrophe renewals, and in some cases, pricing declined. For example, although most loss-free Florida property accounts were flat, some saw rate declines of up to -7.5%, as competition for […]
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On 7 July 2018, cooperatives around the world will celebrate the International Day of Cooperatives. Through the slogan Sustainable societies through cooperation cooperatives will show how, thanks to their cooperative values, principles and governance structures, these organisations have sustainability and resilience at their core, with concern for community as the seventh of their guiding principles. The […]
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El Salvador’s only insurance cooperative and ICMIF member, Seguros Futuro, has launched an insurance product that will protect clients from catastrophic events. The product has been launched in partnership with the Banco de Fomento Agropecuario (Agricultural Development Bank) and with the support of reinsurance provider MiCRO (The Microinsurance Catastrophe Risk Organisation). Seguros Futuro launched the new parametric insurance cover “Produce Seguro” […]
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The La Segunda Insurance Group (Argentina) launches a project to promote transformation through open innovation. Argentinian member of ICMIF, La Segunda Insurance Group, has launched “Hack2In”, the first Insurtech Hackathon in Argentina. The Hackathon event will be held on 28 and 29 July at the City Centre Hotel in Rosario, Argentina. Over a period of 30 […]
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Sancor Seguros, the Argentinian member of the International Cooperative and Mutual Insurance Federation (ICMIF), has launched a new telematics auto insurance product, called Intelligent Auto. The launch event was held in the city of Rosario (in the province of Santa Fe), as this was the testing ground for the operation and response to the product. […]
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