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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The largest and most comprehensive study of mutual and cooperative insurance in Europe has been published in a joint report by the Association of Mutual Insurers and Insurance Cooperatives in Europe (AMICE) and the International Cooperative and Mutual Insurance Federation (ICMIF). The report, Facts and figures: Mutual and cooperative insurance in Europe Volume 2, features […]
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European mutual and cooperative insurers reported another record year in terms of premium volumes and total assets held in 2016, despite Solvency II and other factors putting pressure on premium development in the region. The latest statistics on the European mutual and cooperative insurance market are from the Market InSights: Europe 2016 report published by […]
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ICMIF member NFU Mutual has been named Which? Insurance Brand of the Year 2018 for the fourth year running in the UK consumer body’s annual awards (announced at the end of May). The Which? Awards give recognition to UK organisations that Which? and its members believe offer exemplary products and customer service to UK customers. […]
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Lionel Messi is the new face of the Argentinian insurer and ICMIF member Sancor Seguros. The cooperative insurer has launched a marketing campaign to celebrate this and is getting ready to maximise the opportunities of working side by side with Messi, currently said to be the best footballer in the world, in the lead-up to […]
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The Singapore-based Applied Innovation Institute (Aii), in partnership with Quest Ventures, this month released the inaugural Applied Innovation Institute Singapore Insurance Innovation and Digital Benchmark, which ranked the innovation and digitisation efforts of 25 insurers in Singapore. In the benchmark ICMIF member NTUC Income, a home-grown Singapore insurer, ranked first in innovation, online, and overall. In response to the […]
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