To help reward good drivers and make communities across the province of Ontario (Canada) safer, ICMIF member Wawanesa has launched a unique mobile phone based telematics application, called Drive Change. While there are several telematics programmes currently available in Ontario, Wawanesa says its new Drive Change programme provides discounts for safe driving and rewards points […]
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ICMIF member IPB Insurance (Ireland) has announced plans to invest EUR 3 million in social initiatives for the period 2024 to 2026. The funding is drawn from the company’s Corporate Social Engagement (CSE) Fund which supports initiatives for social benefit. The company commenced its Corporate Social Engagement Fund in 2012 on behalf of its members. […]
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In its latest sigma study, The economics of digitalisation in insurance, Swiss Re Institute finds that digitalisation is a source of new growth, new risks and new efficiencies for the insurance industry. The report finds that digital value creation has led to an increase of firms’ intangible assets, including digital data. At the same time, […]
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To better understand the impacts of climate change on vulnerable Canadians in urban environments, Gore Mutual Foundation has partnered with Social Innovation Canada (SI Canada) and York University’s Faculty of Environmental and Urban Change to launch The Climate and Equity Lab, a groundbreaking social innovation initiative. In an announcement issued today by ICMIF member Gore […]
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As part of a progressive and long-term cross-distribution partnership which was first announced in April 2023, French ICMIF member MAIF and another French mutual insurer, AG2R LA MONDIALE, have recently announced that they are expanding their collaboration to new product ranges. These new offers complement MAIF’s range of car, motorcycle and bodily injury insurance which […]
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Financial mutuals in the UK generate savings of GBP 1 billion a year for the National Health Service (NHS), welfare state and for employers, according to new research by OAC Limited published in the report Mutuality: supporting health and wellbeing in the UK. ICMIF members which appear in the report are: Benenden Health, LV=, NFU […]
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ICMIF member Co-operators (Canada) has successfully implemented Guidewire PolicyCenter and Guidewire BillingCenter on Guidewire Cloud to power its policy administration, underwriting and billing functions, simplify its IT operations, adapt to changing market demands, and deliver more value to its distribution channels and policyholders. A Guidewire customer since 2007, Co-operators migrated PolicyCenter and BillingCenter to Guidewire […]
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ICMIF Supporting Member AM Best has announced that its Europe Insurance Market & Methodology Briefings will take place in London (UK) on Tuesday 7 November 2023. This year’s insurance market and methodology briefings will feature AM Best rating analysts and industry leaders as they discuss and present their analysis of and perspectives on the insurance […]
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In August this year, ICMIF member NFU Mutual (UK) revealed that it had shared a GBP 45.9m Mutual Investment Bonus with eligible With-Profits customers in 2022. Mutual Investment Bonus is applied as an uplift to investments, representing a 1.25% increase in investments for 2022, and is in addition to the annual bonus provided to customers […]
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ICMIF member African Risk Capacity Ltd (ARC Ltd., South Africa) has announced that it is assisting the Malawi Government to scale up the World Bank’s Social Support for Resilient Livelihoods Project through innovative insurance. ARC Ltd. says it will assist the Malawi Government with an insurance innovation that will scale up the World Bank’s Social […]
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