A five-year project to provide low-income dairy farmers with livestock microinsurance in Kenya will be launched by Kenyan cooperative insurer CIC Insurance Group (CIC) at a formal event taking place today in Nairobi. This venture has been formulated as part of the International Cooperative and Mutual Insurance Federation’s (ICMIF) 5-5-5 Mutual Microinsurance Strategy, which aims to enable microinsurance […]
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A new report on the landscape of mutual microinsurance in Kenya has been published today by the International Cooperative and Mutual Insurance Federation (ICMIF). The report, entitled ICMIF country diagnostic report on mutual and cooperative microinsurance in Kenya, was written in partnership with Kenyan-based ICMIF member organisations CIC Insurance Group (CIC) and Takaful Insurance of Africa (TIA). Local researchers ACRE […]
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Australian ICMIF member RAC has this week seen the arrival in Perth of one of the world’s first driverless, on-demand vehicles, after the official unveiling of the RAC Intellicar (pictured with the RAC Intellibus) on Wednesday 12 September. Designed as a shared mobility service, the RAC Intellicar will become the newest addition to RAC’s automated vehicle programme, supported by […]
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Shaun Tarbuck, Chief Executive of the International Cooperative and Mutual Insurance Federation (ICMIF), today welcomed the appointment of Denis Duverne as Chair of the Insurance Development Forum’s Steering Committee, succeeding Stephen Catlin (effective 11 September 2018). Tarbuck, who co-chairs the IDF Microinsurance Working Group said: “On behalf of the International Cooperative and Mutual Insurance […]
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According to the findings from the latest Reinsurance Market Report from ICMIF member Willis Re, shareholders’ equity in 34 reinsurance companies tracked in the Willis Reinsurance Index1 totalled USD 364.9 billion, a 1.6% decrease from USD 371 billion at year-end 2017. The decrease occurred despite an improvement in net income of nearly 75% to USD […]
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Optimism over a turn in the global reinsurance market after the catastrophes seen in 2017 quickly diminished after disappointing renewals for 1 January and midyear 2018, providing minimal pricing increases to reinsurers and leaving market dynamics relatively unchanged, according to a new report from ICMIF Supporting Member A.M. Best. The new Best’s Market Segment Report, […]
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The Insurance Development Forum (IDF) has today announced the appointment of Ekhosuehi Iyahen (pictured) as its first Secretary General, effective 1 October 2018. The IDF is a public-private partnership led by the insurance industry and supported by international organisations including the International Cooperative and Mutual Insurance Federation (ICMIF). It aims to enhance the use of […]
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According to the latest edition of Mutually Yours, the digital news service provided by the Association of Financial Mutuals (AFM), members of AFM saw their premium income soar to over GBP 1 billion during 2017. This, says the AFM, is an increase of over GBP 100 million in the year or an increase of 12.2%. […]
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In this A.M.BestTV episode, Catherine Thomas, Senior Director of Analytics at ICMIF Supporting Member A.M. Best, said insurers are creating subsidiaries, building new relationships and transferring liabilities in an effort to prepare for possible outcomes depending on how Brexit proceeds. Click here to watch the entire programme. Thomas addressed how companies are handling Brexit. “Over the […]
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A new study has revealed that ICMIF member RAC WA is Australia’s Most Recommended Brand in property insurance for 2018. The 2018 Property Insurance Consumer Recommendation and Loyalty Study, conducted by Australian business consultancy Engaged Strategy, surveyed over 1,600 Australian property insurance customers using advanced Brand and Customer Experience metrics, including the popular Net Promoter […]
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